Job ID: 9473

Working Business Language : English (This role is considered a head-office role and will be required to communicate with internal stakeholders across Canada where the primary business language utilized is English.)

Salary: At Wawanesa, salary is only one component of a holistic, comprehensive and competitive offering that we provide to our employees. In addition to salary, full-time and part-time permanent employees are eligible for an annual bonus plan, leave of absence top-up programs and provided with generous vacation time, personal days, premium free benefits and pension plan.

The salary offered for this role is determined with consideration to various factors, including but not limited to: your work location, local labour market conditions, external market salary data, internal pay equity and the knowledge, skills, experience and anticipated proficiency in the role. The salary offered is estimated to be within the following range: $95,000 - $140,000. Candidates with salary expectations outside of the range are still encouraged to apply.

About Us At Wawanesa, we’re proud to offer a hybrid work environment that offers flexibility to our employees in balancing in-office (2 days per week OR 15 hours per week in a Wawanesa office) and remote work. You may work from any of the following locations: Winnipeg, MB; Wawanesa, MB; Vancouver, BC; Calgary, AB; Edmonton, AB; Lethbridge, AB; Toronto, ON; Kitchener, ON; Thunder Bay, ON; Ottawa, ON; Montreal, QC; Moncton, NB; Dartmouth; NS.

The Wawanesa Mutual Insurance Company (“Wawanesa Mutual”), founded in 1896, is one of Canada’s largest mutual insurers, with over $3.5 billion in annual revenue and assets of $10 billion (CAD). Wawanesa Mutual, with its National Headquarters in Winnipeg, is the parent company of Wawanesa Life, which provides life insurance products and services throughout Canada, and Western Financial Group, which distributes personal and business insurance across Canada. Wawanesa proudly serves more than 1.7 million members in Canada, and we are home to more than 3,600 employees distributed across the Canadian regions and communities where we operate. We give back to organizations that strengthen communities, donating more than $3.5 million annually to charitable organizations, including over $2 million annually in support of people on the front lines of climate change. To learn more visit wawanesa.com.

We are currently looking for dedicated, driven, and enthusiastic individuals who thrive in an environment that welcomes change and are looking for an opportunity for diverse experience and advancement on a growing team.

Job Overview Working with a high degree of autonomy, the Actuarial Consultant is responsible for leading the development of best practices integration into processes and methods and used by the P&C Economic Capital modelling team. The successful candidate will have a unique opportunity to utilize their strong technical skillset and build business acumen to support strategic initiatives, business processes and regulatory requirements. They will mentor actuarial analysts while applying their knowledge to complex actuarial analysis in the pursuit of solving business issues and answering business questions.

Job Responsabilities Economic Capital Modeling

• Supports the development and maintenance of the company’s Economic Capital Model to meet business needs and support the
• Own Risk and Solvency Assessment (“ORSA”).
• Performs various Economic Capital Model analysis including result validation and production of reports and presentations.
• Supports integration of the Economic Capital Model into various applications including pricing, risk management, capital allocation, etc.
• Leads research and monitoring of best practices and methodologies related to capital modeling and recommends enhancements.

Stress and Scenario Testing

• Supports the identification and development of scenario narratives ensuring stress testing is conducted in accordance with regulatory guidelines.
• Leads the development, maintenance and enhancement of the stress testing model.
• Performs stress testing analysis including the production of reports and presentations.

Analytical

• Researches, extracts, and manipulates complex data from relevant sources, and assesses data quality
• Supports the business and overall team by performing analyses/reviews and completing ad-hoc requests/special projects in a timely manner with minimal support from peers and leaders
• Evaluates procedures and processes, and recommend alternatives or improvements

Process Improvement/Efficiency

• Evaluates existing processes to find areas for increased efficiency
• Develops new approaches to problem solving and assess impacts of solution options with minimal support from leaders

Industry

• Identifies emerging industry trends and analyzes the impact they will have on Wawanesa

Commitment to Learning

• Commits to professional development and continuous experiential learning to build cross-functional knowledge, technical skills, and mastery in competencies
• Focuses learning activities on bringing new knowledge and skills to team in order to address any existing gaps

Stakeholder Management

• Provides regular project updates to stakeholders. Anticipates obstacles and raises them in advance.

Project Management

• Leads projects from beginning to end. Includes implementation of final product. May include training and documentation of the project.

Mentorship

• Actively contributes to the mentorship, training and development of actuarial analysts.

Leadership

• Builds trust and credibility with peers. Develops strong working relationships across teams.

Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or other related discipline
• More than four years of actuarial experience an asset
• Capital Modeling and/or P&C actuarial experience an asset
• 7 CAS exams or ACAS designation an asset
• Advanced oral and written communication skills, demonstrating the ability to convey complex concepts to different audiences
• Proficient with Excel, SQL, R, Python and/or other related software/programming languages/actuarial software
• Experience with capital modelling software (e.g., Risk Explorer, Igloo, Tyche) and reserving platforms (e.g., Arius, ResQ) an asset
• Advanced technical knowledge in the areas of actuarial science, mathematics, statistics, and finance

Wawanesa is proud to be one of Manitoba’s Top Employers, a Kincentric Best Employer in Canada and a Forbes Best Employer in Canada recognizing an exceptional place to work! Diversity Equity, Inclusion & Belonging At Wawanesa, we are committed to Diversity, Equity, Inclusion and Belonging (DEIB) and believe that our strength lies in the diversity of our people – this is supported by having a representative workforce.

We welcome applications from all qualified candidates, including racialized persons, women, Indigenous Peoples, persons with disabilities, members of the 2SLGBTQIA+ community, gender-diverse and neurodiverse individuals, and anyone who can contribute to the further diversification of thought and ideas.

We aim to ensure our recruitment process is accessible to all candidates. If you require accommodations during any stage of the recruitment process, please reach out in confidence to jobs@wawanesa.com.

All Wawanesa job applicants are subject to Wawanesa's Privacy Policy.