Senior Manager, Pricing, Pension Risk Transfer

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TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidates skills and experience job-related knowledge geographic location and other specific business and organizational needs.

As a candidate you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description:

Role Summary

The Senior Manager Pricing Pension Risk Transfer (PRT) is responsible for the end-to-end pricing analysis and ownership of group annuity plans / PRT bids / deals. This role develops and owns the deal pricing model and assumptions interprets pension plan provisions and member data assesses transaction risks and manages key reinsurance partnerships. This role requires deep technical capability sound commercial judgment and strong cross-functional influence including collaboration across business development investments corporate actuarial finance operations and risk / 2nd line partners.

Key Responsibilities

• Lead the pricing analysis for new PRT deals and prepare the pricing memo / management facing materials to support recommendations for approval
• Analyze pension plan documents benefit specifications member data and experience studies to set pricing strategy data issues and key transaction risks
• Collaborate across Investments Finance Legal Operations Corporate Actuarial and Risk functions to meet growth and profitability targets and ensure regulatory compliance
• Ownership and management of pricing models (build maintenance Model validation coordination governance) and assumptions (experience monitoring industry research)
• Support PRT-related reinsurance negotiations and maintain on-going working relationships with reinsurers including overseeing on-going reinsurance administration
• Partner with Distribution to support quote strategy transaction structuring and responses to intermediaries consultants and plan sponsors.
• Lead post-deal review experience analysis and continuous improvement of pricing assumptions and execution processes.
• Oversee model and data hand-off to Corporate Actuarial and Operations teams for on-boarded plans
• Leverage AI to drive operational efficiencies in data analysis and internal reporting

Qualifications / Experience

• Fellow of the Canadian Institute of Actuaries / Society of Actuaries
• 7 years of relevant experience in Life and Annuity industry
• Bachelors degree in Actuarial Science Mathematics Statistics Finance Economics or a related quantitative field.
• Domain expertise in multiple of the following areas: PRT/group annuity business pensions actuarial pricing IFRS17 LICAT longevity reinsurance
• Strong technical capabilities in Moodys GGY AXIS Excel and longevity analytics tools such as ClubVita
• Ability to translate technical analysis into clear commercial recommendations for senior stakeholders
• Ability to oversee the development of technical actuarial models produce detailed documentation and work with 2nd line to own model governance
• Ability to collaborate across stakeholders of various disciplines and lead actuarial staff

Success Profile

• Strong technical depth
• High attention to detail and control orientation
• Commercially pragmatic
• Comfortable working in an emerging build-stage business
• Strong written and verbal communication
• Able to influence without formal authority
• Strong presentation skills including to senior management

Who We Are:

TD is one of the worlds leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day we strive to make every interaction product and experience remarkably human and refreshingly simple for over 27 million households and businesses in Canada the United States and around the world. More than 95000 TD colleagues bring their skills talent and creativity to foster deeper relationships ensure disciplined execution and build a simpler faster banking experience. TD is deeply committed to being a leader in client experience that is why we believe that all colleagues no matter where they work are client facing. Together we are reimagining what banking can be for our clients colleagues and communities.

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial physical and mental well-being goals. Total Rewards at TD includes a base salary variable compensation and several other key plans such as health and well-being benefits savings and retirement programs paid time off banking benefits and discounts career development and reward and recognition programs. Learn more

Additional Information:
Were delighted that youre considering building a career with TD. Through regular development conversations training programs and a competitive benefits plan were committed to providing the support our colleagues need to thrive both at work and at home.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations requirements.

Colleague Development

If youre interested in a specific career path or are looking to build certain skills we want to help you succeed. Youll have regular career development and performance conversations with your manager as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.

If youre passionate about helping clients and building deep lasting relationships TD offers diverse career paths where you can grow your expertise and make a meaningful impact.

Were committed to your success and foster a respectful workplace where diverse perspectives are valued everyone has fair opportunities to grow and you can unlock your full potential to achieve your career goals. Here at TD we hire and develop the best.

Training & Onboarding
We will provide training and onboarding sessions to ensure that youve got everything you need to succeed in your new role.

Interview Process
Well reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation
Your accessibility is important to us. Please let us know if youd like accommodations (including accessible meeting rooms captioning for virtual interviews etc.) to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you!

Language Requirement (Quebec only):