Specialist, Corporate Development – Capital Management

The key responsibility for this role would be to oversee forecasting, internal and external capital reporting and to assist in communications with Canadian regulators. The role reports to the Director of Capital and could have a single direct report. The role would be expected to coordinate with Actuarial, Risk, Finance and Investment teams on projects and requests.

What you’ll do:

Capital Management – Canada:

Regulatory Expertise:

Develop an in-depth of the Canadian Minimum Capital test as administered by Canadian regulators. The expectation is that this role becomes the reference for the company in the calculation and developments of this standard.

Participate in industry committees related to changes in the regulatory capital standard and any proposed changes.

Oversee capital modeling for regulated Canadian insurance entities and provide regular reports and analysis regarding the financial condition of the entities. Modeling would include:

Changes in underwriting results including payment patterns, reinsurance structures, reserve adjustments, and growth.

Changes in market levels, investment mixes and the impact of complex financial instruments on the capital levels.

The impact of all other balance sheet or off-balance sheet items which may have an impact on capital (e.g. defined benefit plans, derivative financial instruments, structured settlements, etc.)

Prepare and present Canadian capital-related internal and external reports as required.

Performing financial and underwriting stress tests. The purpose being to identify, quantify and recommend capital strategies to restore the capital position for Canadian entities.

Support capital related needs of other Canadian teams:

Provide support to Accounting, Risk Management, Investments and Tax with ad hoc capital related queries and requests.

Aid in preparing documents for communication with federal and provincial Canadian regulators.

Responsible for quarter-end Canadian Capital Disclosures and auditing requirements.

Assist in analysis in mergers and acquisitions.

What you’ll bring:

Post secondary education in actuarial, accounting, tax, investments, treasury or corporate finance – is required.

Minimum 5 years of experience specializing in insurance financial functions.

Advanced technical knowledge using Power Point and Excel, Power BI and financial modelling – is required

Excellent communication skills, with the ability to effectively convey and present technical information to senior leadership in a professional manner – is required

For candidates located in Quebec, bilingualism is required considering the necessity to interact on a regular basis with English-speaking colleagues across the country.

#LI-Hybrid

Il s'agit d'un nouveau rôle au sein de notre équipe en pleine croissance | This role is a new member of our growing team.

We are an equal opportunity employer

At Intact, our Value of respect is founded on seeing diversity as a strength. We strive to create an accessible workplace where employees feel valued, included and encouraged to share their unique perspectives.

We encourage applications from individuals who are members of equity-deserving groups, including but not limited to women, Indigenous peoples, persons with disabilities, Black people, and members of the 2SLGBTQI+ community.

As part of Intact’s commitment to reconciliation, we acknowledge that we work, meet and travel across the land currently called Canada, originally inhabited by First Nations, Metis and Inuit people. This history extends through many centuries and continues to evolve today.

We have policies to ensure equal access and participation for people with disabilities, including providing workplace adjustments (accommodations). A copy of applicable policies is available on request.

If we can provide a specific adjustment to make the recruitment process more accessible for you, please let us know when we reach out about a job opportunity. We’ll work with you to meet your needs.

Learn more about our recruitment process and your candidate journey here.

Please note that Intact does not provide sponsorship or other support for immigration-related matters including but not limited to employer-specific closed work permits. Candidates must be eligible to work in Canada from the anticipated start date and throughout their employment and are solely responsible for maintaining their work eligibility.

If you are an employee of Intact or belairdirect, please apply for this role on Internal Career Site.