Date: Nov 25, 2025

Location: Montreal, QC (Hybrid), CA Vancouver, BC (Hybrid), CA Thunder Bay, ON (Hybrid), CA Edmonton, AB (Hybrid), CA Calgary, AB (Hybrid), CA Dartmouth, NS (Hybrid), CA Lloydminster, AB (Hybrid), CA Kitchener, ON (Hybrid), CA Ottawa, ON (Hybrid), CA North York - Toronto, ON (Hybr, CA Winnipeg, MB (Hybrid), CA Hybrid - Canada, CA Moncton, NB (Hybrid), CA Lethbridge, AB (Hybrid), CA

Company: Wawanesa Insurance

Job ID: 9568

Working Business Language: This role is considered a head-office role and will be required to communicate with internal and external stakeholders across Canada where the primary business language for this role is English. As such, the successful candidate must be fully proficient in 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: $120,000 - $160,000. 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 (North York), ON; Kitchener, 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 under minimal supervision, the Manager, Capital Management is responsible for all facets related to capital management, ensuring compliance with requirements and standards, while leading the Capital Management department.

Job Responsibilities

Regulatory Capital & Modeling

• Develop and maintain models to calculate Life Insurance Capital Adequacy Test (LICAT) regulatory capital requirements and report on changes in these requirements.

Financial Analysis & Reporting

• Lead the production of annual Financial Condition Testing (FCT) and support the budgeting process.
• Prepare and communicate quarterly reporting on variances from budget and IFRS 17 impacts, providing clear analysis and insights to stakeholders.
• Manage quarterly Segregated Fund valuation and ensure accuracy and timeliness of reporting.

Leadership & Team Management

• Manage and develop direct reports by providing professional and technical guidance, coaching, and regular performance reviews.

Strategic & Special Projects

• Execute special projects and other duties as assigned by the Director of Life Capital and Actuarial Support, ensuring alignment with organizational goals.

Qualifications

• Undergraduate university degree in Actuarial Mathematics, Statistics, Mathematics, or other related field of study.

• Fellow of the Canadian Institute of Actuaries, complying with continuing education requirements.

• 5 years of actuarial work experience with 3 years related to capital management, financial reporting, ALM, or IFRS 9/17.

• Extensive knowledge of the life insurance industry and insurance operations in general.

• Excellent computer skills including extensive knowledge of word and excel.

• Excellent analytical and problem-solving skills with the ability to understand context and its impact on all issues.

• Ability to work independently and identify potential impacts of decisions.

• Excellent communication skills both written and verbal, with the ability to deliver powerful presentations.

• Ability to work and complete large complex projects with multiple contributing parties.

• Strong leadership skills an asset.

#LI-AF1 #LI-Hybrid

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.