Senior Manager, Pricing, Pension Risk Transfer

Work Location:

Toronto, Ontario, Canada

Hours:

37.5
Line Of Business:  Data & Analytics
Pay Details:  $160,000 - $200,000 CAD
TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience  compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.
As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description:

Role Summary
The Senior Manager, Pricing, Pension Risk Transfer (PRT) is responsible for the end-to-end pricing analysis and ownership of group annuity plans / PRT bids / deals. This role develops and owns the deal pricing model and assumptions, interprets pension plan provisions and member data, assesses transaction risks, and manages key reinsurance partnerships. This role requires deep technical capability, sound commercial judgment, and strong cross-functional influence including collaboration across business development, investments, corporate actuarial, finance, operations, and risk / 2nd line partners.

Key Responsibilities:

Lead the pricing analysis for new PRT deals and prepare the pricing memo / management facing materials to support recommendations for approval
Analyze pension plan documents, benefit specifications, member data and experience studies to set pricing strategy, data issues, and key transaction risks
Collaborate across Investments, Finance, Legal, Operations, Corporate Actuarial, and Risk functions to meet growth and profitability targets and ensure regulatory compliance
Ownership and management of pricing models (build, maintenance, Model validation coordination, governance) and assumptions (experience monitoring, industry research)
Support PRT-related reinsurance negotiations and maintain on-going working relationships with reinsurers including overseeing on-going reinsurance administration
Partner with Distribution to support quote strategy, transaction structuring, and responses to intermediaries, consultants, and plan sponsors.
Lead post-deal review, experience analysis, and continuous improvement of pricing assumptions and execution processes.
Oversee model and data hand-off to Corporate Actuarial and Operations teams for on-boarded plans
Leverage AI to drive operational efficiencies in data analysis and internal reporting
Qualifications /

Experience:

Fellow of the Canadian Institute of Actuaries / Society of Actuaries
7+ years of relevant experience in Life and Annuity industry
Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, Economics, or a related quantitative field.
Domain expertise in multiple of the following areas: PRT/group annuity business, pensions, actuarial pricing, IFRS
17, LICAT, longevity reinsurance
Strong technical capabilities in Moody's GGY AXIS, Excel and longevity analytics tools such as Club Vita
Ability to translate technical analysis into clear commercial recommendations for senior stakeholders
Ability to oversee the development of technical actuarial models, produce detailed documentation and work with 2nd line to own model governance
Ability to collaborate across stakeholders of various disciplines and lead actuarial staff
Success Profile:
Strong technical depth
High attention to detail and control orientation
Commercially pragmatic
Comfortable working in an emerging, build-stage business
Strong written and…