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Job ID: 34292
Job Openings by Title Director
Location Ontario, Canada
Description:
Position:	Director

Company:	Reinsurance

Location:	Ontario

Job ID:		34292


Responsibilities:

- Director, Reinsurance Solutions Pricing Management:
- You will provide thought leadership on pricing methodology and best practices for Individual Life and Living Benefits business. Ownership of pricing manuals for individual reinsurance.
- Actively challenge and review the company’s pricing assumptions alongside Biometric Research. Quantifying the impact of assumption changes on new business pricing in AXIS.
- Facilitate communications with various actuarial departments - including Corporate Actuarial, Biometric Research, Enterprise Risk Management, and Inforce Management.
- Monitor the performance of our Individual Life and Living Benefits new business portfolio and recommending management actions as needed.
- Keep abreast of changes in the regulatory environment and home office guidelines. Understand the impact of these changes on our new business portfolio.
- Represent the individual reinsurance team in the quarterly sales forecasts and business planning process.
- Leads the assessment of the impact of inforce changes and exceptions to existing reinsurance treaties. Provide technical expertise on the subject.
- Support executive and home office requests.
- Investigate new product opportunities alongside the new business pricing team.
- Ensure that the New Business Pricing team is aware of methodology and assumption changes.
- Director, Reinsurance Solutions New Business Pricing:
- You will lead the process for quotes ensuring an effective allocation of work for the department; ensure high quality delivery in a timely and efficient manner, follow internal guidelines and authorities; develop a close working relationship with other departments.
- Use well developed data and expertise in pricing individual life and living benefits new business.
- Understand the dynamics that impact the profitability of the business and uses this business acumen in evaluating new reinsurance opportunities.
- Apply sound knowledge and understanding of reinsurance structures and treaty provisions, client’s risks and the company’s risk tolerance and standards.
- Assess the impact of inforce changes and exceptions to existing reinsurance treaties.
- Recommend and implement assumption and profit margins for specific Individual Life or Living Benefits quotes, when circumstances would warrant a deviation from standards.
- Monitor relevant market developments with competitors, insurers, regulatory bodies, and apply this information to develop new pricing strategies or adjust existing ones.
- Internally, build strong relationships with other departments; maintains regular communication, identifies opportunities for improvement and successfully address issues as they arise.
- Address needs of clients in a timely, proactive and professional manner, advising management of any business issues impacting the company and/or the client, make recommendations and takes action to resolve concerns.
- Ensure all key stakeholders are informed of any developments that may affect their ability to service Individual Life and/or Living Benefits clients.
- Contribute to a high performance team that is highly engaged and recognized as experts both internally throughout the organization and externally amongst our clients.
- Ensure all employees have a clear understanding of corporate and departmental objectives, and that every employee has challenging personal objectives.
-Provide challenging tasks and assignments and holds frequent development discussions with employees to provide career growth and development.

Qualifications:

- University Degree in Actuarial Science or similar.
- FSA or ASA progressing towards attainment of FSA.
- Keen strategic thinking, business acumen and problem solving skills.
- Excellent analytical and abstract reasoning skills.
- Experience with Moody’s AXIS is required.
- 5 - 10 years in life re/insurance pricing and/or valuation area.
- Superior attention to detail and accuracy.
- Leadership abilities, with experience in developing a teamwork environment and a positive work environment and attitude in direct reports.
- Ability to maintain effective relationships with clients and co-workers.
- Demonstrated flexibility and effectiveness working under tight timelines.
- Demonstrated ability to adapt in a dynamic environment.


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