Actuary
Top Benefits
About the role
At FSRA, our vision is to ensure financial safety, fairness, and choice for Ontarians. As a financial services regulator, we’re passionate about protecting consumers. Our principles-based approach means we can quickly and effectively respond to the changing needs of consumers and the industry.
Our team combines industry expertise with commitment to public service. We attract individuals who are interested in meaningful work and who measure success through outcomes, not inputs.
At FSRA, we invest in the personal and professional growth of our team. We offer a competitive compensation package that includes an employer-matched
defined benefit pension plan
, comprehensive and competitive benefits plan, a hybrid work model and flexible work arrangements. We prioritise learning and development, wellbeing, diversity, equity, inclusion and belonging, and community giving.
Join FSRA and help us shape the future of regulation for generations to come!
Job Description:
PURPOSE OF POSITION
As a member of the Pensions Team, you will provide actuarial expertise and leadership in the assessment, monitoring and solutions on significant financial risk inherent in pension plans.
KEY RESPONSIBILITIES:
- Providing senior level expertise in the development and implementation of the risk and compliance program, including related processes, procedures, and standards.
- Conducting, reviewing, and analyzing large, complex and/or high-profile pension plan submissions including asset transfers and windups to determine and assess compliance with legislation and regulations, FSRA policies and procedures and actuarial standards.
- Negotiating with pension plan administrators/actuaries to achieve voluntary compliance.
- Acting as a consultant and advisor on complex issues and during the enforcement action process; acting as an expert witness at legal hearings.
- Leading and/or conducting projects related to the development, analysis and implementation of actuarial and investment policies, procedures, processes, and systems.
QUALIFICATIONS:
Specialized Knowledge and Experience
- Mandatory – Fellow of the Canadian Institute of Actuaries (FCIA)
- Demonstrated knowledge of actuarial theory, principles, and practices, including professional standards, valuation methods, and techniques related to pension plans to conduct actuarial reviews of large, complex, and high-profile pension plans and to evaluate pension plan risk exposure.
- Proven knowledge of, and skills in the design and management of pension plans and investment of pension funds.
- Demonstrated knowledge of risk management principles and practices to evaluate pension plan sustainability risks, and of current pension plan issues and trends to advise senior management on pension regulatory matters.
Skills
- Proven project management and leadership skills to lead the risk and compliance program and related projects.
- Demonstrated communication, presentation, and consultation skills to provide expert technical advice and make recommendations to senior management on actuarial issues and risk mitigation strategies; to explain/discuss actuarial reviews/opinions and to facilitate regulatory activity with diverse groups of pension stakeholders.
- Proven written communication skills to prepare project plans and actuarial and investment analytical and assessment reports.
- Proven skills to interpret and advise on the application and development of new legislation, regulations, and policies from an actuarial perspective.
*Please note that this position will close at 11:59PM on August 11, 2025*
Job Posting End Date:
08/11/2025
Job postings close at 11:59pm on the date noted.
Compensation Grade:
Actuary 7 - AMAPCEO
Compensation Range:
$88,496.00
$132,979.00
Bargaining Unit:
AMAPCEO
Job Code:
Job Code: 7A001N
Employment Type:
Regular
Scheduled Weekly Hours:
36.25
FSRA is committed to ensuring equity in employment. Our goal is to create a diverse, inclusive workforce that reflects the communities we serve and to ensure our services and communications are accessible to all individuals. Accommodation is available under the Ontario Human Rights Code.
NOTE: ONLY QUALIFIED CANDIDATES WILL BE CONSIDERED
About Financial Services Regulatory Authority of Ontario (FSRA)
The Financial Services Regulatory Authority of Ontario (FSRA) is a new, independent regulatory agency created to improve consumer and pension plan beneficiary protections in Ontario.
FSRA was established to replace the Financial Services Commission of Ontario (FSCO) and the Deposit Insurance Corporation of Ontario (DICO). The agency is flexible, self-funded and designed to respond rapidly to an evolving commercial and consumer environment. In this capacity, FSRA will:
• Promote high standards of business conduct • Foster a sustainable, competitive financial services sector • Respond to market changes quickly • Promote good administration of insurance and pension plans • Encourage innovation
The newly created agency protects Ontarians by regulating:
• Property and casualty insurance • Life and health insurance • Credit unions and caisses populaires • Loan and trust companies • Mortgage brokers • Health services providers (related to auto insurance) • Pension plan administrators • Financial planners and advisors
For more information, visit www.fsrao.ca
Actuary
Top Benefits
About the role
At FSRA, our vision is to ensure financial safety, fairness, and choice for Ontarians. As a financial services regulator, we’re passionate about protecting consumers. Our principles-based approach means we can quickly and effectively respond to the changing needs of consumers and the industry.
Our team combines industry expertise with commitment to public service. We attract individuals who are interested in meaningful work and who measure success through outcomes, not inputs.
At FSRA, we invest in the personal and professional growth of our team. We offer a competitive compensation package that includes an employer-matched
defined benefit pension plan
, comprehensive and competitive benefits plan, a hybrid work model and flexible work arrangements. We prioritise learning and development, wellbeing, diversity, equity, inclusion and belonging, and community giving.
Join FSRA and help us shape the future of regulation for generations to come!
Job Description:
PURPOSE OF POSITION
As a member of the Pensions Team, you will provide actuarial expertise and leadership in the assessment, monitoring and solutions on significant financial risk inherent in pension plans.
KEY RESPONSIBILITIES:
- Providing senior level expertise in the development and implementation of the risk and compliance program, including related processes, procedures, and standards.
- Conducting, reviewing, and analyzing large, complex and/or high-profile pension plan submissions including asset transfers and windups to determine and assess compliance with legislation and regulations, FSRA policies and procedures and actuarial standards.
- Negotiating with pension plan administrators/actuaries to achieve voluntary compliance.
- Acting as a consultant and advisor on complex issues and during the enforcement action process; acting as an expert witness at legal hearings.
- Leading and/or conducting projects related to the development, analysis and implementation of actuarial and investment policies, procedures, processes, and systems.
QUALIFICATIONS:
Specialized Knowledge and Experience
- Mandatory – Fellow of the Canadian Institute of Actuaries (FCIA)
- Demonstrated knowledge of actuarial theory, principles, and practices, including professional standards, valuation methods, and techniques related to pension plans to conduct actuarial reviews of large, complex, and high-profile pension plans and to evaluate pension plan risk exposure.
- Proven knowledge of, and skills in the design and management of pension plans and investment of pension funds.
- Demonstrated knowledge of risk management principles and practices to evaluate pension plan sustainability risks, and of current pension plan issues and trends to advise senior management on pension regulatory matters.
Skills
- Proven project management and leadership skills to lead the risk and compliance program and related projects.
- Demonstrated communication, presentation, and consultation skills to provide expert technical advice and make recommendations to senior management on actuarial issues and risk mitigation strategies; to explain/discuss actuarial reviews/opinions and to facilitate regulatory activity with diverse groups of pension stakeholders.
- Proven written communication skills to prepare project plans and actuarial and investment analytical and assessment reports.
- Proven skills to interpret and advise on the application and development of new legislation, regulations, and policies from an actuarial perspective.
*Please note that this position will close at 11:59PM on August 11, 2025*
Job Posting End Date:
08/11/2025
Job postings close at 11:59pm on the date noted.
Compensation Grade:
Actuary 7 - AMAPCEO
Compensation Range:
$88,496.00
$132,979.00
Bargaining Unit:
AMAPCEO
Job Code:
Job Code: 7A001N
Employment Type:
Regular
Scheduled Weekly Hours:
36.25
FSRA is committed to ensuring equity in employment. Our goal is to create a diverse, inclusive workforce that reflects the communities we serve and to ensure our services and communications are accessible to all individuals. Accommodation is available under the Ontario Human Rights Code.
NOTE: ONLY QUALIFIED CANDIDATES WILL BE CONSIDERED
About Financial Services Regulatory Authority of Ontario (FSRA)
The Financial Services Regulatory Authority of Ontario (FSRA) is a new, independent regulatory agency created to improve consumer and pension plan beneficiary protections in Ontario.
FSRA was established to replace the Financial Services Commission of Ontario (FSCO) and the Deposit Insurance Corporation of Ontario (DICO). The agency is flexible, self-funded and designed to respond rapidly to an evolving commercial and consumer environment. In this capacity, FSRA will:
• Promote high standards of business conduct • Foster a sustainable, competitive financial services sector • Respond to market changes quickly • Promote good administration of insurance and pension plans • Encourage innovation
The newly created agency protects Ontarians by regulating:
• Property and casualty insurance • Life and health insurance • Credit unions and caisses populaires • Loan and trust companies • Mortgage brokers • Health services providers (related to auto insurance) • Pension plan administrators • Financial planners and advisors
For more information, visit www.fsrao.ca