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Director, Actuarial Internal Audit

Canada Life

This is a Contract position in Toronto, ON posted October 31, 2021.

Job Description

We are Canada Life


Being a part of Canada Life means you have a voice. This is a place where your unique background, perspectives and talents are valued, and shape our future success.


You can be your best here. You’re part of a diverse and inclusive workplace where your career and well-being are championed. You’ll have the opportunity to excel in your way, finding new and better ways to deliver exceptional customer and advisor experiences.


Together, as part of a great team, you’ll deliver on our shared purpose to improve the well-being of Canadians. It’s our driving force. Become part of a strong and successful company that’s trusted by millions of Canadians to do the right thing. 


Be your best at Canada Life.


We are looking for a Director, Actuarial Internal Audit


Exciting opportunities


We are seeking to recruit actuaries to expand our Actuarial Audit team. Given the size and scope of our organization, we have flexibility for these positions to be located in the following head office locations: London, Winnipeg, or Toronto.  


These are exciting opportunities for ambitious and motivated actuaries to join our team. These will be challenging and fulfilling roles, involving leading team(s) of actuaries in a variety of engagements, to provide independent assurance over the organisation’s global life & non-life (re)insurance propositions (i.e. across Canada, the US, Europe, and Capital & Risk Solutions).


A key focus area for the team currently is the organisation’s IFRS17 program. The team is coordinating a broad range of assurance work over various aspects of the program, including model validations over key technology components.


The successful candidates will have exposure to a wide variety of diverse projects and will be required to contribute to the development and leadership of the team. The roles will provide excellent prospects to build a long term and sustainable career.


What you will do 

  • Lead a Canadian based Team (i.e. across London, Winnipeg, and Toronto), reporting to an AVP based in Dublin.
  • Coordinate and deliver audit planning and engagements. This role will oversee up to 15 engagements each year, and execute more complex engagements;
  • Review results of actuarial engagements with appropriate management (e.g. Chief Actuary);
  • Oversee existing frameworks that ensure audit documentation adequately supports the conclusions reached, and audit findings and issues are tracked;
  • Participate in/lead initiatives that drive improvements and efficiencies through the team, including the development of data analytics tools to enhance the depth and breadth of audit assurance provided (e.g. from samples to full populations, from administration systems to administration and finance systems, etc);
  • Keep up-to-date with external developments through individual research and engagement as required with professional bodies (e.g. Canadian Institute of Actuaries), trade associations (e.g. Insurance Ireland), and regulators (e.g. OSFI);
  • Provide regular feedback, coaching and mentoring to accelerate the development of team members through a clear and compelling vision, measurement of performance and continuous feedback; and
  • Recruit, select & onboard team members, ensure the maintenance of a full team, as required.

What you will bring 

  • FCIA designation;
  • Minimum 10 years’ progressive experience (in total, i.e. not necessary to have 10 years’ post FCIA designation experience);
  • People leadership experience; and
  • Prior experience in a variety of actuarial roles (e.g. Pricing, Valuations, etc) would be an advantage, as would prior exposure to a variety of products (e.g. Insurance, Investment, etc), and customer propositions (e.g. Individual and Group Customer).


  • Team of 4-10 actuarial auditors currently report to these positions.
  • Primary work location for these positions is in Canada – London, Winnipeg, or Toronto.
  • Some travel will occasionally be required, expected to be within Canada.

Be your best at Canada Life- Apply today 


We are one of Canada’s top 100 employers!


Canada Life serves the financial security needs of more than 13 million people across Canada, with additional operations in Europe and the United States. As members of the Power Financial Corporation group of companies, we’re one of Canada’s leading insurers with interests in life insurance, health insurance, investment and retirement savings. We offer a broad portfolio of financial and benefit plan solutions for individuals, families, businesses and organizations.  


We are committed to providing an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of the communities in which we live, and to creating an environment where every employee has the opportunity to reach their potential.  



Canada Life would like to thank all applicants, however only those who qualify for an interview will be contacted