The Senior Actuary Director for the Life & Investment Division is a key member of the actuarial team, responsible for ensuring the financial soundness, risk management, and profitability of the company’s life insurance and investment-linked product portfolio. This role supports product pricing, reserve valuation, experience studies, and capital analysis, while ensuring compliance with actuarial standards, internal policies, and regulatory frameworks. The ideal candidate brings strong technical and analytical skills, sound actuarial judgment, and the ability to collaborate across departments such as finance, product development, investments, and risk. The Senior Actuary will also contribute to strategic projects related to product innovation, reinsurance optimization, and financial modeling. Lead and oversee the pricing of life and investment-linked products, ensuring methodologies, assumptions, and target profitability metrics (e.g., VNB, IRR, ROE) align with the company’s risk appetite, capital requirements, and governance standards. Support the full product development lifecycle — from concept and feasibility through pricing, regulatory filings, implementation, and post-launch monitoring — in close collaboration with product, finance, investment, and compliance teams. Perform monthly and quarterly reserve calculations for life and investment-linked products under statutory, GAAP, and/or IFRS reporting frameworks. mortality, lapse, expense, investment performance) and assist in updating valuation and pricing assumptions. Collaborate with product and investment teams to evaluate and model investment strategies, asset-liability matching, and fund performance impacts on product profitability. Assist in the development, testing, and enhancement of actuarial models using tools such as AXIS, Prophet,



or other appropriate systems for both life insurance and investment products. Contribute to regulatory filings such as actuarial opinions, asset adequacy testing, and risk-based capital reporting. Support the assessment and implementation of changes in actuarial standards, regulatory requirements, or accounting frameworks (e.g., Analyze and report on the performance of unit-linked or participating funds, including policyholder dividends and investment performance. Work with cross-functional teams (finance, compliance, product, and investments) on product development initiatives and strategic projects. Ensure compliance with Actuarial Standards of Practice (ASOPs), internal controls, and corporate risk management policies. Maintain required continuing education and professional development through the Society of Actuaries or relevant actuarial bodies. Perform other duties and projects as assigned by actuarial management. Provide actuarial insight to management for strategic decision-making, financial forecasting, and capital planning. Support the optimization of reinsurance arrangements and related risk transfer strategies. Participate in enterprise risk management (ERM) activities, including stress testing and scenario modeling. Support the integration of actuarial analytics with digital and data initiatives across the organization.



Quality and audit compliance of actuarial models and documentation Actuarial input to strategic projects (e.g., product launches, capital planning) Professional development, credential progression, and mentoring of junior actuaries Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field. 15+ years of actuarial experience in life insurance and/or investment-linked products. Strong knowledge of life insurance and investment product structures, valuation methods, and regulatory frameworks. AXIS, Prophet, MG-ALFA) and data tools (e.g., Excel, SQL, Python, R). Familiarity with investment concepts, such as asset-liability management (ALM), yield curve modeling, and fund performance. Robust understanding of IFRS 17, GAAP LDTI, and risk-based capital requirements preferred. Ability to manage multiple priorities in a collaborative and fast-paced environment. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential function. The role primarily operates in an indoor, climate-controlled office setting working in close proximity to others. Light level provides adequate brightness for reading, computer work, and other tasks without causing glare or strain. Operate standard office equipment such as copiers, computers, telephones, printers, etc. TRAVEL Minimal to no travel required. Minimal Hazards including potential ergonomic risks from prolonged sitting or repetitive motions. Technical Mastery in Life & Investment Actuarial Science. Innovation and Continuous Improvement Mindset. Ethical Judgment and Regulatory Compliance. We celebrate diversity and are committed to an inclusive environment for all employees. This

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📌 Actuary Director (Canada)
🏢 VIP Universal Medical Insurance Group (VUMI)
📍 Canada