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Manager, Corporate Actuarial-IFRS 17

Date: Mar 19, 2021

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


Working under minimal supervision, the Manager, Corporate Actuarial is primarily responsible for planning and implementing Property & Casualty actuarial solutions and strategies that support Wawanesa’s IFRS 17 initiative. 


Job Responsibilities

•    Supports and leads the design and implementation of processes, system changes, and controls for calculating policy liabilities under IFRS17. Including, but not limited to the following:

  • Statistical modelling, reporting, business processes, and best practice controls
  • Model & system development which may be needed to support additional disclosures

•    Identify opportunities to improve the accuracy of Corporate Actuarial estimates and evaluate the cost and benefits within recommended process or model changes.
•    Partners with key stakeholders to contribute to a shared understanding of changes in business operations and support the implementation of IFRS 17 accounting policy decisions to deliver enterprise project objectives.
•    Develops a deep understanding of the Reserving Software and valuation database necessary for all policy valuation.
•    Identifies and recommends refined approaches to current reserving methodologies.
•    Manages performance of direct reports inclusive of providing professional and technical guidance and provide regular performance reviews.
•    Collaborates with other members of the Corporate Actuarial team to continuously enhance actuarial oversight practices and achieve Corporate Actuarial objectives. 
•    Remains up to date on all regulatory and legal actions/decisions affecting insurance company operations in general and the corporate actuarial group specifically.
•    Perform other duties as assigned. 


•    A minimum of 5 years’ property and casualty actuarial experience, preferably with reserving experience.
•    Degree in Actuarial Science, Math, Statistics, Finance or a related field.
•    Associate or Fellow of the Casualty Actuarial Society or the equivalent from other organizations. 
•    Extensive knowledge of current insurance actuarial techniques. the Property Casualty insurance industry and insurance operations in general.
•    Excellent analytical and problem-solving skills with the ability to spot patterns, trends, understand context and its impact on all issues.
•    Strong presentation and communication skills with the ability to effectively convey complex ideas in a simple, persuasive and eloquent manner.  
•    Ability to coach and develop direct reports on technical and non-technical skills.
•    Comfortable confronting difficult issues and diplomatic in delivery of challenging messages.
•    Ability to establish and maintain good working relationships with other departments.
•    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.