Actuary

Alberta Pensions Services Corporation (APS) is made up of hardworking, respectful and talented individuals who understand and invite diversity into their workplace. Our employees bring financial, business, communications, technology and client service expertise to the table every day.

To attract and retain employees of the highest calibre, we strive to focus on the people who make the business successful. By incorporating engagement activities throughout the year, we continue to strengthen our corporate culture and maintain a positive work environment for our employees.

APS is recruiting for an Actuary.

The Actuary plays a lead role within cross-functional teams involved in assessing all aspects of actuarial processes and ensuring compliance with Canadian Institute of Actuaries’ standards. Some of these duties include assessing system specifications, change control and communication of technical information, trend analysis and evaluating plan design alternatives.

The Actuary provides expert guidance to assist with the development of policy advice and recommendations to Plan Corporations and APS employees. Additionally, this position plays are large role in providing support to all business units on actuarial issues and communicating actuarial principles through information sessions, systems implementation and testing.

Responsibilities:

      Analysis and policy advice

• Provides analysis and policy advice for APS and APS staff in the areas of plan design, implementation alternatives and system controls.
• Ensures actuarial standards and practices are employed in the development of policy alternatives as they relate to the development of solutions to administrative or plan design issues.
• Leads projects and provides special reports to evaluate administrative processes and ensure the overall consistency with assumptions and processes used to determine liabilities and plan normal costs.
• Provides recommendations for policy, regulatory and process changes as required.
• Provides guidance regarding actuarial standards, Income Tax Act (ITA) rules and general pension best practices to legal services and to pension policy concerning member administrative appeals and handling of complex situations.

        Actuarial system updates and changes

• Delivers input and advice to the development of processes, procedures, and implementation of system changes as this relates to plan formulas and valuation processes.
• Provides guidance as required regarding the implementation of changes relating to plan administrative formulas and ITA changes, including updating and creation of documentation as well as the rationale required to support the implementation.
• Maintains up-to-date information with ITA and Employment Pension Plans Act (EPPA) requirements and assists with documenting the implications of changes to the administrative and system processes.
• Builds and validates manual calculators as needed to administer pension events.

       Lead role on cross-functional teams

• Leads organizational initiatives to resolve outstanding actuarial issues related to processing and system requirements that arise periodically.  
• Provides service to external agencies that occasionally require actuarial support services from APS as needed.

Liaises with pension plan actuaries

• Liaises with plan actuaries in all areas relating to actuarial determinations performed by APS on behalf of pension plan members.
• Collaborates and assists with coordinating certification of system revisions to actuarial calculations, commuted values, transfer values, normal form conversions in accordance with CIA standards, plan valuation assumptions and regulatory requirements.

       Training

• Assists with training staff on actuarial principles and system implementations to enhance understanding of calculations determined by the pension administration system.

Qualifications:

• Fellow of the Canadian Institute of Actuaries; and
• Minimum of 10 years of pension-related experience.

PLUS:

• In-depth knowledge of highly technical areas of pension plans, including taxation, legislation, administration and actuarial practice.
• Thorough understanding of complex pension plans, as well as working with pension actuaries.
• Knowledge of actuarial best practices.
• Working knowledge of Microsoft Office applications, including Word, Excel and PowerPoint.

Skills and Abilities:

• Well-rounded project management skills.
• Demonstrated ability to coach and mentor as required.
• Efficient organizational and time management skills.
• Proven ability to work effectively in a team setting or independently, as needed.
• Strong communication skills, including verbal, written, interpersonal and presentation.
• Able to communicate with all levels of staff using technical and non-technical language.

APS offers a comprehensive compensation package and flexible benefit options.

How to Apply:

If you are interested in this position, please submit your resume to Human Resources at recruitment@apsc.ca. Each submission needs to clearly indicate the competition number of the position you are applying for.

Please Note: If you are submitting a resume for multiple positions, please send a separate submission for each competition. The successful candidate(s) will be required to undergo a security screening as a condition of employment. This job posting may be used to fill current and future vacancies within APS at the same or lower classification.