Principal, Consulting, Pension Risk Transfer

Company:  LifeWorks
Location: Montréal
Closing Date: 05-12-2024
Hours: Full Time
Type: Permanent
Job Requirements / Description
Principal, Consulting, Pension Risk Transfer TELUS Health is empowering every person to live their healthiest life. Guided by our vision, we are leveraging the power of our leading edge technology and focusing on the uniqueness of each individual to create the future of health. As a global-leading health and well-being provider – encompassing physical, mental and financial health – TELUS Health is improving health outcomes for consumers, patients, healthcare professionals, employers and employees. Join our team TELUS Health Consulting practice brings over 60 years of experience and innovative thought leadership to pension & savings, actuarial, compensation and overall financial well-being consulting and outsourcing. Our purpose is to improve the financial wellbeing of individuals and the organizational resilience of employers and fiduciaries. We are also one of the largest pension plan administrators in Canada, serving over five million plan participants. We are a diverse organization with unparalleled capabilities for our clients and their people. Nation-wide, the defined benefit and actuarial practice within the Consulting Services team brings together committed professionals with vast experience in the fields of pension, savings and actuarial consulting. We specialize in providing strategic guidance, expert analysis, and effective risk management to help our clients offer the best pension plan for their plan members. With a deep understanding of complex mathematical models and statistical analysis, our team excels in assessing and quantifying risks in the retirement landscape. Our Consulting Services team brings a wealth of knowledge and expertise to every engagement. Here’s the impact you’ll make and what we’ll accomplish together As a Principal with our Consulting practice, you will leverage your broad business and financial acumen along with your deep understanding of the pension landscape for the long term strategic management of our clients’ defined benefit pension schemes. As a trusted advisor, you will lead and influence a range of internal and external stakeholders, providing a sophisticated level of risk management and risk transfer consulting to address complex business challenges while ensuring the growth of our line of business. If you are a seasoned professional with a passion for innovation and a drive to make a difference, we invite you to join us on our mission to create a brighter future for our clients and their workforce What you’ll do Pension Risk Transfer Consulting Services: Support clients in identifying their goals for their defined benefit pension plans. Develop go-to-market strategies to meet client objectives and improve the marketability of annuity purchase transactions. Coordinate the strategy implementation with the market, the various stakeholders, and TELUS Health’s teams of experts. Coordinate the RFPs process and contract negotiations. Client Relationship Management: Using your comprehensive understanding of pension risk transfer, offer proactive and informed consulting services, build and maintain strong relationships with internal client teams and clients, and provide integrated solutions and complete supervision of risk transfer operations. Insurers/Reinsurers Relationship Management: Develop and maintain solid and trust-based business relationships with insurers in the Canadian pension risk transfer market and with reinsurers. Communications and Disclosure: Give effective, clear and concise explanations of complex concepts to clients and stakeholders. Leverage your knowledge of industry developments and emerging trends in the risk transfer market. Business Development: Play a key role in driving business growth for Consulting Services by identifying new business opportunities with existing and new clients, positioning TELUS Health as a leader in the pension risk management and risk transfer market. Team Leadership: Manage and coordinate a team and optimize its operational effectiveness. Lead team engagement by providing mentorship, guidance and regular constructive feedback to team members, fostering their professional development. Ensure effective teamwork and team spirit, collaboration and knowledge sharing. What you bring More than 10 years of experience in pension consulting Professional actuarial accreditation an asset (e.g., FCIA, FSA or ASA) Solid understanding of the various pension schemes and actuarial standards of practice within the Public and Private sectors, including risk assessment and financial projections Mastery of pension risk management and risk transfer concepts. In-depth knowledge of Canada’s pension risk transfer market Knowledge of regulatory requirements and financial markets, as well as new developments and emerging trends in the pension industry Proven ability to develop relationships at the highest levels of client organizations Ability to identify new business opportunities, drive revenue growth, and meet budget and profitability targets Proven leadership and mentorship to team members, ensuring high-quality deliverables while fostering a collaborative and supportive work environment Excellent written and oral communication skills (proficiency in French is an added advantage Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field What you'll bring Ability to understand client needs, provide strategic guidance, and ensure client satisfaction Strong analytical and problem-solving skills Excellent communication skills to effectively convey complex actuarial concepts to clients and stakeholders Excellent project management skills #J-18808-Ljbffr
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