Overview:
Reporting to the Director, Valuation & Capital Management, the Manager, Valuation is responsible for leading the quarterly review of policy liabilities and preparing clear, insightful narratives to explain changes in reserves.
This role is central to the Corporation’s actuarial valuation function and involves close collaboration with cross-functional teams to ensure transparency and alignment on reserve changes. The Manager provides critical insights and data that support strategic decision-making across the organization.
The Manager also plays a key role in financial reporting, including monthly IBNR bookings, quarterly Minimum Capital Test (MCT) reporting, and supporting the Appointed Actuary in the preparation of the Valuation Reports.
Beyond technical responsibilities, the Manager oversees the day-to-day operations of the Valuation department. This includes setting strategic direction, managing workflows, and providing leadership and mentorship to actuarial staff to ensure the delivery of high-quality, timely results.

Responsibilities:

• Develop, implement, and maintain valuation methodologies across all lines of business by:
• Identifying and acquiring necessary data.
• Establishing and documenting assumptions, data sources, and techniques.
• Ensuring methodologies align with the principles and standards of the Casualty Actuarial Society (CAS) and the Canadian Institute of Actuaries (CIA)
• Recommending reserve changes to Senior Management and Executive.
• Enhancing reserving methodologies based on emerging actuarial trends and best practices.
• Direct and manage month-end actuarial reserve adjustments and reporting to ensure accuracy and timeliness.
• Prepare board submissions, reports, and deliver presentations to the Reserve Committee, Senior Leadership and Executive Committee.
• Work with the external Appointed Actuary to support the valuation process and prepare the Valuation Reports in compliance with Accepted Actuarial Practice.
• Provide consultative and analytical support to internal stakeholders across the Corporation, ensuring actuarial methodologies comply with CAS and CIA standards of practice.
• Ensure the accuracy of actuarial outputs and continuously improve internal controls to support data integrity and risk mitigation.

Qualifications:

Education:

• University degree in Mathematics, Statistics or Actuarial Science.
• Associate of the Canadian Institute of Actuaries & Associate of the Casualty Actuarial Society with a commitment to pursue the Fellowship level of the Canadian Institute of Actuaries.
• Preference will be given to Fellow of the Canadian Institute of Actuaries & Fellow of the Casualty Actuarial Society.

Experience:

• Eight (8) years of progressive experience in the casualty insurance industry, including five years of experience in valuation.

Technical Knowledge and Skills:

• Extensive knowledge of actuarial principles, including IFRS accounting standards relevant to actuarial reserves, and associated tools and methodologies.
• Demonstrated expertise in research and data analysis, with the ability to interpret and synthesize complex information.
• Working knowledge of R, Python, and/or actuarial reserving software is considered an asset.
• Excellent verbal and written communication skills, with the ability to clearly and concisely convey complex concepts to diverse audiences.

Employee Benefits:

• Develop, implement, and maintain valuation methodologies across all lines of business by:
• Identifying and acquiring necessary data.
• Establishing and documenting assumptions, data sources, and techniques.
• Ensuring methodologies align with the principles and standards of the Casualty Actuarial Society (CAS) and the Canadian Institute of Actuaries (CIA)
• Recommending reserve changes to Senior Management and Executive.
• Enhancing reserving methodologies based on emerging actuarial trends and best practices.
• Direct and manage month-end actuarial reserve adjustments and reporting to ensure accuracy and timeliness.
• Prepare board submissions, reports, and deliver presentations to the Reserve Committee, Senior Leadership and Executive Committee.
• Work with the external Appointed Actuary to support the valuation process and prepare the Valuation Reports in compliance with Accepted Actuarial Practice.
• Provide consultative and analytical support to internal stakeholders across the Corporation, ensuring actuarial methodologies comply with CAS and CIA standards of practice.
• Ensure the accuracy of actuarial outputs and continuously improve internal controls to support data integrity and risk mitigation