Position Objective

Benchmark Decisions Ltd. is seeking an experienced consulting actuary with expertise in the operation of Health and Welfare Trusts (“HWT’s), Employee Life and Health Trusts (“ELHT’s”), and other benefit plans. The successful candidate’s primary focus will be leading and growing our benefits consulting business. This position reports to the Senior Consultant in Edmonton, though we will consider candidates working in other locations across Canada.

Key Responsibilities

· Act as the primary consultant and actuary on our ELHT accounts, regularly attending client meetings to provide consulting advice and assistance to trustees in the operation of their plans.

·Interact and liaise with regulators and other service providers (e.g. administrators, auditors, legal counsel, insurers/underwriters, custodians, and investment managers).

·Prepare actuarial valuations including setting assumptions and discussing results with trustees.

·Determine plan funding requirements, including insurance premiums, cash flow projections, and reserve and contingency allocations.

·Review and analyze claims, enrolment data, trends, and other expenses.

·Negotiate with insurers on terms and conditions of coverage.

·Present financial experience and renewal reports for both insured and self-funded coverages.

·Develop and expand the company’s benefits consulting business in Canada.

·Draft and maintain plan documentation and communications (e.g. trust agreements, plan texts, amendments, resolutions, benefit booklets, insurance policies, participation agreements, forms and statements, announcements, etc.).

·Interpret complex plan provisions and respond to enquiries regarding same.

·Design and update plan coverage and operating rules and determine the cost and impact of coverage changes contemplated by clients.

·Review interim and audited financial statements to assess ongoing funding and cash flow.

·Keep clients apprised of legislative and regulatory changes, industry trends, and governance matters.

·Prepare and distribute requests for proposals for the replacement of client service providers, analyze and summarize submissions, and assist in service provider transitions.

·Serve as a mentor to train junior team members and provide technical expertise.

·Support the Senior Consultant and Director, Actuarial Division with special projects, as required.

Application Requirements

·FSA and FCIA designations, and a minimum of three years of experience with HWT’s and/or ELHT’s.

·Insurance license a plus.

·Demonstrated analytical skills in developing solutions to complex client issues.

·Experience with multi-employer plans preferred.

·Proficiency with MS Office (advanced Excel, in particular) and enterprise content management software.

·Exceptional interpersonal and communication skills (written, verbal, and presentation).

·Attention to detail and strong organizational skills.

·An ability to work both independently and in team environments.

·An ability to prioritize multiple projects and meet client deadlines.

·Fluency in French is highly desirable.

Job Types: Full-time, Permanent

Benefits:

• Casual dress
• Company pension
• Dental care
• Disability insurance
• Employee assistance program
• Extended health care
• Life insurance
• Paid time off
• Vision care
• Work from home

Schedule:

• Day shift
• Monday to Friday

Experience:

• HWT and/or ELHT: 3 years (required)

Licence/Certification:

• FSA or FCIA designation deadline: 2022-06-26

Who We Are

NFP is a leading insurance brokerage that provides property and casualty, group benefits, retirement and individual solutions through our licensed subsidiaries and affiliates. We’re a 6x Best Places to Work award winner in Insurance, a 5-Star Brokerage award winner from Insurance Business Canada Magazine, and a recognized Elite Agency award winner. We enable client success through the expertise of over 1000 employees based in Canada and more than 7,200 employees with over 310 offices globally.

Since 2021, NFP has been responsible for bringing more than four billion dollars ($4,000,000,000) in premium to the P&C Market.

Our expertise is matched by our commitment to each client’s goals and is enhanced by our investments in innovative technologies in the insurance brokerage and consulting space. To learn more, please visit [website]

About the Role

As a Consulting Actuary with NFP, you will work as part of a team, applying your actuarial, consulting and project management expertise in the areas of Canadian Defined Benefit retirement plan valuation and design, compliance and financial reporting. You will focus on ensuring our clients receive exceptional retirement consulting services.

What You’ll Do

• As a key member of client teams, ensure delivery of high-quality work that meets legislative requirements and client needs
• Deliver consulting advice and services to clients
• Support, supervise and validate the process of actuarial valuations for both funding and accounting purposes
• Collaborate in the design and administration of pension plans
• Assist with special projects and tasks, as required
• Build and maintain excellent relations with clients and team members
• Work with current and prospective clients to grow business
• Participate in ongoing professional development

What You Bring

• FSA/FCIA Designation
• At least 3 years of pension plan consulting experience
• Strong mathematical skills, and detailed knowledge of the actuarial valuation process
• Very good knowledge of pension plan legislation
• Excellent communication skills
• Exceptional client focus
• Superior proficiency in Microsoft Excel
• Strong independence but also a dedicated team player
• Willingness to share ideas and voice opinions

What’s In It For You

NFP’s PeopleFirst culture offers a multitude of benefits to employees and is a great place to call home.

• A hybrid environment approach that keeps the best interests of our staff and our clients in mind
• Annual bonus plan for all employees
• Matching RRSP plan of 5% of salary
• Referral Commission Plan
• Generous benefits plan including Health Care Spending Account starting on the first day of employment
• Full support for continuing education & internal opportunities to grow as an insurance professional to advance career
• Reimbursement of license fees and professional membership dues
• A global team of industry leaders focused on employee retention, client growth, industry innovation and collaboration

Our employees are the foundation of our success.

NFP is a big company — a growing, inclusive team of individuals supporting each other’s passions and engaging with the community.

Building a diverse, collaborative and innovative team requires leadership, deliberate action, and ongoing measurement. We actively support the well-being of our employees with benefits and programs driven by recognition, community, financial wellness tools, development and inclusion, fostering personal and professional growth that keeps us moving forward.

Beyond our office walls, we’re dedicated to serving the community around us. Every day we make proactive choices to take care of the communities in which we live and work. We contribute to different organizations, including CIBC Run for the Cure, Autism Speaks, KRG Children's Charitable Foundation and many more. From charity drives and community service outings to other company-sponsored events, our employees donate their time and raise funds on behalf of great causes across the country.

Our business is built on the personal level. Whether it’s in our offices, on a call, out in the field or anywhere you can find us in the world, we’re starting the conversations that create a more secure future for everyone.

Accommodations are available on request for candidates taking part in all aspects of the selection process.

NFP and You... Better together!

NFP is an inclusive employer who values diversity.

Job Type: Full-time

Benefits:

• Casual dress
• Company events
• Dental care
• Disability insurance
• Employee assistance program
• Flextime
• Life insurance
• Paid time off
• RRSP match
• Vision care
• Wellness to Friday