Chief Actuary

Department: Actuarial
Location: Toronto
Reports To: President, Liberty Mutual Canada, Lead Actuary, North America Middle Market, and Lead Actuary, North America Reserving

Position Summary:

The Chief Actuary will be responsible for setting the vision for the actuarial function. This leader will oversee an actuarial function that is providing proactive, data driven insights to support business decision making.

As a member of the Canadian senior leadership team, the Chief Actuary will contribute to the strategic direction of the business. This individual will be a trusted advisor to the President and the leadership team on all business and operational decisions that impact the business. The Chief Actuary will be the Appointed Actuary for the Canadian legal entity.

Duties and Responsibilities:

• Champion and model our Liberty values and Guidelines for Inclusion to drive market leading culture and ensure positive employee engagement.
• Build and manage a highly skilled and commercial-minded team that can scale to support a growing business. Provide visibility and create developmental opportunities for team members.
• Oversee a proactive pricing function that supports superior decision-making and ensures that the Company is achieving its profitability targets and maintaining adequate rate levels across all business segments.
• Collaborate with underwriting to ensure that all qualitative and commercial considerations are represented in the pricing product.
• Leverage sophisticated segmentation analysis to optimize the portfolio.
• Partner with the business leaders to identify profitable business opportunities, develop new products and enhance existing products.
• Work in close collaboration with underwriting, claims, and finance to develop a common view of the business. Work in close collaboration with various stakeholders to identify emerging trends and propose corrective action in a timely manner.
• Appointed Actuary for the Canadian legal entity. Maintain effective working relationships with OSFI and external auditors.
• Provide an independent assessment of the capital requirements and portfolio of risks, ensuring the accuracy and adequacy of the reserves, catastrophe estimates, and trend analysis. Clearly communicate the quarterly reserve analyses to senior leadership, auditors and regulators.
• Collaborate with the senior leadership team on business planning for all major segments and lines of business.
• Contribute to the reinsurance strategy for the Canadian business.
• Collaborate with the global actuarial organization to share knowledge, expertise and best practices. Seek opportunities to leverage the resources and expertise of a global organization.
• Seek opportunities to continuously improve and simplify processes.
• Ensure that actuarial processes comply with internal operational control requirements and all external regulatory and audit requirements.
• Keep abreast of all regulatory trends, product/tort reforms and other external issues which could impact the Company’s ability to successfully compete in the marketplace.

Skills & Qualifications:

• Bachelor’s degree in Actuarial Sciences, Mathematics, Statistics, or a related field.
• Fellow of the Casualty Actuarial Society (FCAS), Fellow of the Canadian Institute of Actuaries (FCIA).
• Minimum of 10 years’ experience in progressively senior actuarial leadership roles within the P&C insurance industry.
• Deep experience overseeing pricing of a wide range of commercial lines including large account business.
• Demonstrated track record of providing proactive guidance to business leaders to improve business outcomes.
• A proven track record of developing, managing and recruiting high performing, commercial-minded teams.
• Experience overseeing reserving processes. Ideally, has gained experience as an Appointed Actuary.
• Knowledge of IFRS reporting requirements.
• Knowledge of catastrophe exposure models.
• Demonstrated experience presenting to executive leadership, regulators and business partners.
• Strong knowledge of legal statutes regulating the insurance industry.
• A strategic thinker who can contribute to a broader vision and can also ‘roll up one’s sleeves’ to execute the strategy.
• Adheres to the highest level of integrity.
• Strong communication skills and encourages the open and transparent exchange of information and ideas.
• Willing to ask questions and challenge assumptions in a respectful manner.
• Highly collaborative.
• Ability to articulate complex actuarial concepts into easily understood terms to a wide range of audiences.
• Influencing skills; an ability to build consensus.
• Gravitas; will gain immediate credibility with a wide range of stakeholders.
• Superior analytical and problem-solving abilities.
• Strong business acumen.
• A team builder with a keen interest in developing talent and succession planning.
• Intellectually curious.

Interested candidates should submit a resume to CareersCanada@libertymutual.com  indicating the job title in the subject line.

Liberty Mutual Canada welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection process.