Assistant Vice President, FCT & Forecasting
Lead strategic capital forecasting and risk management with a dynamic team. Competitive salary, stable career progression. Extensive actuary expertise required.
For finance professionals aiming to make an impact, the Assistant Vice President, Financial Conditions Testing and Forecasting, Capital Management position offers an outstanding career path. This permanent, full-time role provides a competitive annual base salary ranging from $111,000 to $205,500, reflecting a significant leadership commitment. The company highlights a robust total rewards package, promoting a rewarding and stable working environment.
Dive into a key finance function by leading the development and reporting of capital forecasts and supporting risk management decisions. The organization values long-term experience, requiring over ten years in a related actuarial role, alongside fellow designation and strong analytical skills. This position invites candidates who appreciate collaboration and strategic influence in complex organizational settings.
Day-to-Day Responsibilities and the Heart of the Role
The main responsibilities revolve around guiding capital forecasts, coordinating financial condition testing, and delivering results to board members and regulators. Regular tasks include working closely with actuarial and risk teams, preparing quarterly capital generation forecasts, and managing internal policy reviews. Additionally, successful candidates will participate in the development of new tools and processes, propelling both innovation and compliance. Interdepartmental coordination stands out as a daily feature, especially when bridging actuarial, finance, and risk functions to deliver optimally on Canadian regulatory matters.
Major Pros: What Makes This Job Attractive
This position is especially appealing due to its high level of influence within the organization. The role’s leadership responsibilities provide room for professional advancement and visibility. Moreover, the company’s international scope means networking opportunities and engaging projects across diverse markets. Stability is another strong point, with the organization emphasizing employee support and long-term career growth, reinforced by a substantive compensation structure.
Potential Cons: Challenges to Consider
The main challenges stem from the high responsibility and expectations to deliver consistently in a demanding, heavily regulated environment. Professionals who are not comfortable with significant cross-functional collaboration or who lack experience in Canadian actuarial standards may find the learning curve steep. The need for constant upskilling and openness to constructive feedback could be demanding for some candidates, as the job involves working with teams that often bring wide-ranging perspectives.
Verdict: Who Should Apply?
Overall, the Assistant Vice President, FCT & Forecasting job suits experienced actuarial professionals seeking impactful leadership roles. Candidates who thrive in dynamic, supportive environments and enjoy applying advanced problem-solving will find this a rewarding next step. The generous base salary, dynamic trajectory, and high visibility in financial leadership make it a solid career move for suitably qualified applicants.
