Senior Manager, Pricing, Pension Risk Transfer
Role Overview
The Senior Manager, Pricing, Pension Risk Transfer owns end-to-end pricing analysis for group annuity plans and PRT bids and deals.
The role develops and owns deal pricing models and assumptions, interprets pension provisions and member data, assesses transaction risks, and manages reinsurance partnerships.
The role works across business development, investments, actuarial, finance, operations, and risk functions.
Key Skills for This Role
Full Job Posting
Role summary
The Senior Manager, Pricing, Pension Risk Transfer owns end-to-end pricing analysis for group annuity plans and PRT bids and deals.
The role develops and owns deal pricing models and assumptions, interprets pension provisions and member data, assesses transaction risks, and manages reinsurance partnerships.
The role works across business development, investments, actuarial, finance, operations, and risk functions.
Pricing and transaction responsibilities
- Lead pricing analysis for new PRT deals and prepare pricing memos and management materials to support approval recommendations.
- Analyze pension plan documents, benefit specifications, member data, and experience studies to set pricing strategy and identify data issues and transaction risks.
- Own pricing models and assumptions, including model development, maintenance, validation coordination, governance, and experience monitoring.
- Support reinsurance negotiations, maintain reinsurer relationships, and oversee ongoing reinsurance administration.
- Partner with Distribution on quote strategy, deal structuring, and responses to intermediaries, consultants, and plan sponsors.
- Lead post-deal reviews and experience analysis; improve pricing assumptions and execution processes.
- Oversee model and data handoff to Corporate Actuarial and Operations for onboarded plans.
- Use AI to improve efficiency in data analysis and internal reporting.
Cross-functional work
- Collaborate with Investments, Finance, Legal, Operations, Corporate Actuarial, and Risk to support growth, profitability, and regulatory compliance.
Qualifications and experience
- Fellow of the Canadian Institute of Actuaries or the Society of Actuaries.
- At least 7 years of relevant life and annuity industry experience.
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, Economics, or a related quantitative field.
- Expertise in multiple areas among PRT or group annuity business, pensions, actuarial pricing, IFRS 17, LICAT, and longevity reinsurance.
- Technical capability with Moody’s GGY AXIS, Excel, and longevity analytics tools such as ClubVita.
- Ability to translate technical analysis into clear commercial recommendations, oversee actuarial models and documentation, and work with second-line partners on model governance.
- Ability to collaborate across disciplines and lead actuarial staff; strong written, verbal, and senior-management presentation skills.
Pay details
- The listed pay range is CAD $160,000–$200,000; the description does not specify a pay cadence.
Hours
- The listed work week is 37.5 hours.
Role profile
The success profile emphasizes technical depth, attention to detail and controls, commercial pragmatism, adaptability in a build-stage business, communication, influence, and presentation skills.
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