Actuary, UL Valuation

Job Opportunity

You will be responsible for conducting various actuarial tasks within the Corporate Actuarial Department focusing on Universal Life, including actuarial valuation of liabilities, analysis of drivers of earnings, experience studies, business forecasts, sensitivity / shock testing, LICAT components and FCT. You will also assist in the development of new corporate measures, as well as the implementation of new accounting standards and capital guidelines.

• Ensure that comprehensive and reliable actuarial models are developed and monitored with the focus on the Universal Life product
• Ensure clear and concise communication to superiors, focusing on business drivers
• Support the quarterly reporting cycles and provide value added analysis of results, focusing on earnings and capital
• Become thoroughly familiar with actuarial valuation standards, CIA guidance material and OSFI guidelines to ensure accurate technical implementation
• Become thoroughly familiar with the accounting and capital frameworks (IFRS 17 and LICAT 2025)
• Coordinate and conduct periodic and ad hoc sensitivity testing
• Become subject matter expert in the assigned line of business (understand pricing, valuation, capital, business drivers, drivers of earnings, etc.)
• Provide expertise on streamlining the valuation and capital infrastructure, especially in the context of the current frameworks
• Improve the model governance aspects of the Corporate Actuarial department
• Conduct periodic experience studies and present detailed findings to leaders

• FSA or FCIA (preferred)
• University degree in actuarial science, mathematics, statistics or a related field
• Minimum of 7+ years relevant experience in the life insurance industry
• Knowledge of individual life products with in-depth knowledge of the Universal Life product
• Superior organizational skills with the ability to develop rigorous and efficient methodologies and models
• Superior computer skills especially in the AXIS and Risk Integrity environment
• Ability to set up detailed documentation that can be easily followed by qualified personnel
• Ability to understand and interpret complex guidelines and program them in models
• Strong verbal and written communication skills, focusing on relevant information and being able to explain complex concepts in easily understandable terms to a wide range of audiences
• Knowledge and experience with accounting and regulatory capital frameworks including IFRS 17 and LICAT
• Strong analytical abilities
• Ability to work independently, lead initiatives and collaborate across departments
• Autonomous in your development

• Competitive base salaries plus a bonus
• Health and dental benefits for the entire family from Day 1
• A fantastic vacation plan and time off
• A pension plan with 100% match by ivari
• Employee savings plan with 75% match
• Flexible and hybrid work arrangements
• Opportunities for professional development
• Recognition programs to reward and motivate
• Wellness programs to keep you healthy and happy

• Someone who values respect and authenticity, aligned with our core values: bringing clarity and focus to your work, taking ownership, remaining flexible, and collaborating with others

To apply, please email your resume to:

A Human Resources representative is available to consult with applicants who require accommodation in the application or recruitment process. Any information shared by the applicant about an accommodation will be treated as confidential. If you do require an accommodation, please email

Our commitment to inclusivity is reflected in the safeguards, policies, and commitments we have in place to remove barriers and provide equal opportunities to prospective and current employees, without discrimination.