Job Description

Permanent Full Time
We are looking for an Assistant Vice President, Financial Conditions Testing and Forecasting, Capital Management:
Role description
This position will lead the capital forecasting and stress testing across Lifeco. In this position you will be leading timely and accurate production of the Financial Condition testing (FCT) along with Lifeco level capital budgets and plans and LICAT ratio forecasting.
What you will do
For Lifeco capital management, this role:

• Leads the annual production of the Financial Conditions Testing report while ensuring timely and accurate communication to the various regional teams and support production of Board and regulator reporting of the results. This work will involve close collaboration with the regional actuarial teams and the Lifeco Risk Function.

• Acts as principal and leads the annual plan/budget for LICAT including capital generation analysis.
• Conducts LICAT and capital generation forecasts on a regular quarterly basis.
• Maintains the Company's Capital Management Policy, and supports the annual review of internal targets
• Engages in architecture decisions around new tools and supports the implementation.
• Supports the Risk Function, Finance Function, and business units on Canadian regulatory capital matters. This includes supporting Treasury and the Lifeco CFO in providing proforma LICAT ratios in contemplation of specified capital transactions.

What you will bring

• 10 + years of relevant, related experience; experience in actuarial valuations is preferred
• University degree and designation as an actuarial fellow required
• Must possess and maintain a very high level of actuarial expertise, staying educated/up to date with respect to Canadian actuarial practices and methods and OSFI guidelines
• Exceptional analytical and problem-solving skills, with the ability to translate findings to educate other leaders to ensure appropriate outcomes
• Communication skills that enable sharing complex concepts to different audiences in a manner that is readily understood and meaningfully relates to business and risk management priorities
• Organized and well prepared, with ability to manage complex interactions within processes
• Engaged on ways to improve ways of working, including the adoption of new tools and processes
• Open to receiving feedback on the process from teams inputting into the FCT and budgeting processes
• Ability to have a well-rounded and balanced discussion with experienced actuaries
• Demonstrated ability to influence teams where resources do not all report directly into the function (i.e., where significant direction comes from other functions)
• Ability to develop highly collaborative, cross-functional relationships, and strong relationships across the Capital Management team and our regional actuarial teams
• Ability to establish appropriate priorities for the team and monitor and influence progress to be able to achieve necessary goals

The base salary for this position is between $111,000 - $205,500 annually. This represents base salary only and does not represent other variable compensation components of our total compensation ( i.e. annual bonus, commission etc). If you are selected to move forward in our recruitment process, your recruiter will be able to discuss additional details of our total rewards program with you.
Career opportunities will be open a minimum of 5 business days from the date of posting, closing dates will vary depending on the search activity. All applications received will be reviewed on a rolling basis.
Be your best at Great-West Lifeco and Canada Life - Apply today!
Great-West Lifeco Inc is a Canadian headquarter, international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management, and reinsurance businesses. We operate in Canada, the United States, and Europe under the brands: Canada Life, Empower and Irish Life.
At the end of 2023, our companies had over 33,500 employees, 232,000 advisor relationships, and thousands of distribution partners - serving approximately 42 million customer relationships.
Great-West Lifeco trades on the Toronto Stock Exchange (TSX) under the ticker symbol GWO and is a member of the Power Corporation group of companies.
Being a part of our organization 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 are 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.
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.
It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Canada Life policies. To request a reasonable accommodation in the application process, contact talentacquisitioncanada@canadalife.com.
We would like to thank all applicants, however only those who qualify for an interview will be contacted.
#LI-Hybrid
Requisition ID: 4467
Category: Actuarial and Investments and Finance
Location:
Winnipeg, MB, CA London, ON, CA Toronto, ON, CA
Date: Oct 2, 2025
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