Vice President, Group Product Actuarial

Empire Life; Toronto; Hybrid; CAD 140,000 - 200,000; Full time

Job summary

Empire Life is seeking a strategic Vice President for Group Product Actuarial, to lead pricing strategy and analysis within the Group and Affinity lines. This leadership role demands robust actuarial expertise, fostering a high-performance team environment and driving insight-focused decisions that enhance profitability and growth.

Benefits

Comprehensive employer-funded benefits package

Flexible work arrangements

Four weeks annual vacation

Defined contribution pension plan with employer matching

Annual bonus program

Qualifications

• 15+ years of relevant actuarial work experience in the insurance / financial services industry.
• Experience across functional teams and all levels of an organization.

Responsibilities

• Drive pricing strategy and analysis for Group and Affinity product lines.
• Lead a team of actuaries to deliver actionable insights.
• Conduct operational analysis and reporting for performance measures.

Skills

Communication

Analytical skills

Pricing expertise

Team building

Project management

Education

FCIA designation

University degree in mathematics, economics or business

Job description

Vice President, Group Product Actuarial

Location : Hybrid Kingston or Toronto

We are seeking a strategic and analytical leader to join our Group and Affinity Business Executive Team and the broader Insurance and Investment Executive Team as Vice-President, Group Product Actuarial. Reporting to the SVP & COO, Insurance and Investment, with a dotted line to the Chief Actuary, this role is pivotal in driving pricing strategy and analysis for our Group and Affinity product lines.

As a key decision-maker, the Vice-President will provide strategic insights and direction to optimize profitability and performance. This role is responsible for analyzing both short- and long-term trends in the group insurance market, identifying unique portfolio characteristics, and shaping business strategy accordingly. Leading a team of actuaries and analysts, the Vice-President will ensure that actionable insights are delivered to senior management, maintaining a strong focus on margins and sustainable growth.

Why pursue this opportunity

Our mission -Provide expertise and intelligent solutions to help Canadians navigate life with confidence.

Join a transforming business -we are a medium-sized Canadian company in a stable industry which is rapidly transforming.

Assume a pivotal leadership position-harness your expertise to deliver impactful results, shaping and leading your area with experienced foresight.

Influence and innovate at the highest level -we welcome leaders who bring a dynamic blend of fresh perspectives and leading practices to steer our strategic course.

What you’ll be working on

Drive the development of the Group and Affinity Business Plan to optimize growth, contribution and growth in business value

Accountable for defining metrics, developing and managing financial models, and delivering clear and insightful monthly, quarterly and ad hoc reports

Develop and manage an analytics program to enhance our ability to analyze our business and to select and price risk effectively

Conduct comprehensive operational analysis and reporting that provides accurate operational performance measures and unit costs to functional and partner areas

Manage all Group actuarial pricing including the pricing and negotiation of reinsurance

Participate in Group actuarial valuations activities, as required

Collaborate with Distribution, Marketing & Product, Operations, and support services (Corporate Finance, Corporate Actuarial, IT, Risk, Legal, HR, PMO, etc.) to provide analytically driven financial insights and recommendations to Group and Affinity Business stakeholders

Provide strategic leadership, fostering a high performing team environment, by setting clear goals and objectives, evaluating skills and performance, and ensuring alignment with organizational priorities

Oversee resource allocation to support objectives effectively and regularly review responsibilities to enhance accountability and overall team effectiveness

Actively contribute to the strategic direction and continuous improvement of Empire Life’s Actuarial Program as a key member of the Actuarial Senior Leadership Team.

What we’re looking for you to have

Completion of FCIA designation

15+ years of relevant actuarial work experience in the insurance / financial services industry

Pricing expertise and experience in Life and Living Benefits for Group and Individual products are required

Pricing experience in Segregated Funds is an asset

Experience working across functional teams and all levels of an organization

Outstanding written and verbal communication skills

Advanced research, analysis and decision-making skills

Ability to develop and negotiate innovative solutions

Proven project oversight and execution experience

Outstanding organizational skills with ability to manage competing priorities

Strong team building, coaching and performance management skills

Completion of a university degree with courses in mathematics, economics and / or business

If you are applying for a position which is open to applicants across Canada, unless otherwise indicated in the position, language proficiency in English is required for communicating with customers, advisors, or employees across Canada.

Beyond the salary

For regular full-time positions, Empire Life offers a comprehensive total rewards package that includes :

Competitive salaries with annual pay increases

Annual bonus program, which recognizes both strong company performance and individual contributions, for non sales positions

Competitive uncapped commission, for sales positions

A comprehensive employer-funded benefits package starting from day one of employment, that includes life insurance, disability, health and dental and a generous health account

Flexible work arrangements and an annual allotment of personal health days.

Four weeks annual vacation from hire date

A defined contribution pension plan with generous employer matching

Top up programs for parental leave and compassionate leave

Employer-sponsored wellness and recognition programs

A cash employee referral program