Specialist, Corporate Development – Capital Management

Location: Montreal

Our employees are at the heart of everything we do. Together, we help people, businesses, and society prosper in good times and be resilient in bad times. Our employee promise represents Intact’s commitment to you in exchange for living our Values, striving to do your best work, being open to change and investing in your career. In return, we promise to provide support, opportunities and performance‑led financial rewards at a workplace where you can shape the future, win as a team and grow with us.

Pay at Intact is about much more than just salary. Flexible work arrangements and a hybrid work model Possibility to purchase up to 5 extra days off per year Multiple benefits offered to support physical and mental wellbeing, including telemedicine, Wellness account and much more Share plan & other savings: up to 12% of salary or even more (ask how you could earn guaranteed income for life) Salary range (but not limited to): 118, Annual bonus target, based on the base salary, with a potential payout of up to double the target (subject to personal and company performance): 15% As part of our commitment to Win As A Team, we share our success with employees through our annual bonus plan and Employee Share Purchase Plan (ESPP) – with Intact matching 50% of your net shares.

Our pension offerings provide flexibility and long‑term security for our employees beyond their careers. We are one of the few companies offering the opportunity to receive guaranteed income for life via our defined benefit pension plan. Salary for the candidate will be determined taking into consideration a number of factors including: experience, skills, qualifications, anticipated contribution to role, internal equity, etc.

The salary range presented above is based on a 35‑hour workweek and would represent a majority of different candidate profiles. However, we encourage candidates who may fall outside of this range to apply as well.
About the role  The key responsibility for this role would be to oversee forecasting, internal and external capital reporting and to assist in communications with Canadian regulators. The role reports to the Director of Capital and could have a single direct report. The role would be expected to coordinate with Actuarial, Risk, Finance and Investment teams on projects and requests.

What you’ll do:

Capital Management – Canada:
Regulatory Expertise:
Develop an in‑depth of the Canadian Minimum Capital test as administered by Canadian regulators. The expectation is that this role becomes the reference for the company in the calculation and developments of this standard.
Participate in industry committees related to changes in the regulatory capital standard and any proposed changes.
Oversee capital modeling for regulated Canadian insurance entities and provide regular reports and analysis regarding the financial condition of the entities.
Modeling would include:
Changes in underwriting results including payment patterns, reinsurance structures, reserve adjustments, and growth. Changes in market levels, investment mixes and the impact of complex financial instruments on the capital levels. The impact of all other balance sheet or off‑balance sheet items which may have an impact on capital (e.g. defined benefit plans, derivative financial instruments, structured settlements, etc.)
Prepare and present Canadian capital‑related internal and external reports as required.
Performing financial and underwriting stress tests. The purpose being to identify, quantify and recommend capital strategies to restore the capital position for Canadian entities.
Support capital related needs of other Canadian teams:
Provide support to Accounting, Risk Management, Investments and Tax with ad hoc capital related queries and…