Permanent Full Time
The Reinsurance Division of Great-West Lifeco participates in international reinsurance markets, providing Reinsurance solutions to clients across the US, Europe and Asia. We are among the top 10 life reinsurers in the United States by assumed business.
Working in the Risk Management team will provide the successful candidate the opportunity to work in a dynamic environment within an area of the business that is undergoing significant growth. Reporting to the Director, Reinsurance Risk Management, the role provides risk oversight of all activities within the Reinsurance Division, thus providing exceptional opportunities for learning and development.
The role will provide the successful applicant with an opportunity to gain an insight and understanding of the business operations of the Reinsurance Division and to be involved in key initiatives as they are happening. The roleholder will work with diverse teams across the Reinsurance Division and the Lifeco risk team.
What you will do
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Provide challenge and oversight to new deals being underwritten in the Reinsurance Division, including preparing a report summarizing the key issues from a risk perspective for significant deals.
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Contribute to the production of the quarterly CRO report and supplementary risk reports, including analysis of results, and present to Reinsurance Executive Risk Management Committee.
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Contribute to quantification and analysis of the Capital at Risk, Earnings at Risk and Liquidity at Risk for the Reinsurance Division on a quarterly basis.
- Support production of the annual risk budget for Reinsurance Division.
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Participate in annual deep dive reviews (e.g. Tail risk, Liquidity stress testing, annual limit review)
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Identify and develop reporting on new and emerging risks through communication with and reporting from the Reinsurance Division, and from independent research
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Develop and implement processes for the identification, measurement, management, monitoring and reporting on significant risks, including participation in Lifeco and Reinsurance led projects
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Provide input on risk mitigation strategies
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Monitor and report on compliance with Risk Appetite Framework, risk limits, risk policies, and operating standards and guidelines
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Support timely communication on breaches in risk limits and associated remediation plans.
What you will bring
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Fellow of the Society of Actuaries/Canadian Institute of Actuaries (or equivalent)
- Strong analytical and problem solving skills
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Excellent oral and written communication skills, including the ability to communicate complex results to others.
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Able to build cross-functional relationships
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Able to work independently and adapt to a changing work environment
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Able to manage time effectively to achieve high quality results under tight deadlines
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Strong attention to detail
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The base salary for this position is between $84,900 - $141,400 annually. This represents base salary only and does not represent other variable compensation components of our total compensation ( i.e. annual bonus, commission etc). If you are selected to move forward in our recruitment process, your recruiter will be able to discuss additional details of our total rewards program with you.
Career opportunities will be open a minimum of 5 business days from the date of posting, closing dates will vary depending on the search activity. All applications received will be reviewed on a rolling basis.
Be your best at Canada Life- Apply today!
Being a part of Canada Life means you have a voice. This is a place where your unique background, perspectives and talents are valued, and shape our future success.
You can be your best here. You’re part of a diverse and inclusive workplace where your career and well-being are championed. You’ll have the opportunity to excel in your way, finding new and better ways to deliver exceptional customer and advisor experiences.
Together, as part of a great team, you’ll deliver on our shared purpose to improve the well-being of Canadians. It’s our driving force. Become part of a strong and successful company that’s trusted by millions of Canadians to do the right thing.
Canada Life serves the financial security needs of more than 13 million people across Canada, with additional operations in Europe and the United States. As members of the Power Financial Corporation group of companies, we’re one of Canada’s leading insurers with interests in life insurance, health insurance, investment and retirement savings. We offer a broad portfolio of financial and benefit plan solutions for individuals, families, businesses and organizations.
We are committed to providing an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of the communities in which we live, and to creating an environment where every employee has the opportunity to reach their potential.
It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Canada Life policies. To request a reasonable accommodation in the application process, contact talentacquisitioncanada@canadalife.com.
Canada Life would like to thank all applicants, however only those who qualify for an interview will be contacted.
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