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Director, Corporate Actuarial

Date: Mar 25, 2021

Location: Winnipeg, MB, CA, R3C-3P1 Edmonton, AB, CA, T6E-6A8 Montreal, Quebec, CA, H4P-2J4 Moncton, New Brunswick, CA, E1E-4R5 Calgary, AB, CA, T2R-0E4 Toronto, ON, CA, M2P-2B7 Vancouver, British Columbia, CA, V6J-4Y3

Company: Wawanesa Insurance


Wawanesa Mutual Insurance is one of the largest property and casualty insurers in Canada with $3 billion in annual revenues and assets of more than $9 billion. Wawanesa Mutual, founded in 1896 with executive offices in Winnipeg, is the parent company of Wawanesa General, which offers property and casualty insurance in California and Oregon, and Wawanesa Life, which distributes life insurance products and services throughout Canada. With over 3,500 employees, Wawanesa proudly serves over two million policyholders through nine regional offices and 41 service offices in Canada and the United States.  Wawanesa actively gives back to organizations that strengthen communities where it operates, donating well above internationally recognized benchmarks for excellence in corporate philanthropy.
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, advancement on a growing team.


Job Overview


The Corporate Actuarial team at Wawanesa is growing and we are looking for experienced individuals to take on the exciting job opportunity of Director - Corporate Actuarial.

In this role, you will have a  portfolio focused on either Canadian Auto or USA and Canada Property.  In either of these roles, you will primarily be responsible for valuation of policy liabilities and actuarial support for financial reporting of the portfolio. 

These roles report to the Vice President, Corporate Actuarial within an enterprise-wide Finance function.


Job Responsibilities:

  • Leads the reserve valuation on a quarterly basis and makes recommendations with respect to changes.
  • Owns the preparation of a quarterly reporting package to the Senior Management and the Board that provides information on Wawanesa reserve position including recommendations with respect to changes.
  • Leads the annual financial condition testing and actuarial forecasting for corporate budgeting and business planning. 
  • Collaborates with key stakeholders in capital planning and stress testing.
  • Leads and oversees the reporting process around actuarial aspects of financial and regulatory reporting. 
  • Partners with key stakeholders to contribute to a shared understanding of past financial performance, changes in the business operations, and develop insights into future performance and the business plan.
  • Collaborates with other members of the Corporate Actuarial team to continuously enhance actuarial oversight practices and achieve Corporate Actuarial objectives. 
  • Contributes meaningfully at relevant management committees. 
  • Remains up to date on all regulatory and legal actions/decisions affecting insurance company operations in general and the corporate actuarial group specifically.
  • Provides leadership to attract/retain high quality talent, including appropriate employee communication, sound structure/processes to ensure that employees are maximized to their full potential while contributing to the achievement of Wawanesa's goals
  • Oversee, manage and coach an engaged and effective Corporate Actuarial team through employee development, performance management, and succession planning, in order to ensure that the work environment is respectful, challenging, and rewarding.
  • Develop and champion initiatives within the Director’s sphere of influence that support the strategic goals of the Corporate Actuarial team and the organization.
  • Perform other duties as assigned. 


  • A minimum of 10 years’ property and casualty actuarial experience, with three years in a leadership role.
  • Degree in Actuarial Science, Math, Statistics, Finance or a related field.
  • Fellow of the Canadian Institute of Actuaries and Fellow of the Casualty Actuarial Society designations are required.
  • Experience working in a corporate actuarial function, with advanced knowledge of reserving techniques.
  • Extensive knowledge of current insurance actuarial techniques. the Property Casualty insurance industry and insurance operations in general.
  • Excellent leadership skills with the ability to build and develop strong teams, gain respect, credibility and confidence from others.
  • Strong business acumen with excellent analytical and problem-solving skills, with the ability to recognize and identify critical issues.
  • Excellent interpersonal, presentation and communication skills with the ability to effectively convey complex ideas in a simple, persuasive and eloquent manner.  
  • Comfortable confronting difficult issues and diplomatic in delivery of challenging messages.
  • Ability to establish and maintain good working relationships with other departments.
  • Ability to make excellent and well justified decisions in complex and high-pressure situations. 
  • Superior attention to detail and accuracy.


Wawanesa provides its employees with a respectful, challenging and rewarding environment where they can maximize their potential while contributing to the company’s goals. Our employees are provided with highly competitive compensation packages (salaries, generous vacation allowance, leave top up, goal achievement plan, premium free benefits and a pension plan).  Wawanesa provides a stable and rewarding environment for its employees in today’s challenging markets.

If you are interested in this exciting, challenging position with Wawanesa, apply today with your Resume.

Accommodations are available as needed for all applicants.