The Manitoba Public Insurance Corporation

Manager, Valuation

Job Locations CA-MB-Winnipeg
Job ID
2025-6435
# of Openings
1
Category
Actuarial
Posting Close Date
9/19/2025
Type
Full-Time
Placement
Permanent
Duration
Permanent
French Language Services Required
No
Position eligible for Flexible Work?
Hybrid
Security Clearance Required
No

Overview

Reporting to the Director, Valuation & Capital Management, the Manager, Valuation is responsible for leading the quarterly review of policy liabilities and preparing clear, insightful narratives to explain changes in reserves.

 

This role is central to the Corporation’s actuarial valuation function and involves close collaboration with cross-functional teams to ensure transparency and alignment on reserve changes. The Manager provides critical insights and data that support strategic decision-making across the organization.

 

The Manager also plays a key role in financial reporting, including monthly IBNR bookings, quarterly Minimum Capital Test (MCT) reporting, and supporting the Appointed Actuary in the preparation of the Valuation Reports.

 

Beyond technical responsibilities, the Manager oversees the day-to-day operations of the Valuation department. This includes setting strategic direction, managing workflows, and providing leadership and mentorship to actuarial staff to ensure the delivery of high-quality, timely results.

Responsibilities

  • Develop, implement, and maintain valuation methodologies across all lines of business by:
    • Identifying and acquiring necessary data.
    • Establishing and documenting assumptions, data sources, and techniques.
    • Ensuring methodologies align with the principles and standards of the Casualty Actuarial Society (CAS) and the Canadian Institute of Actuaries (CIA)
    • Recommending reserve changes to Senior Management and Executive.
    • Enhancing reserving methodologies based on emerging actuarial trends and best practices.
  • Direct and manage month-end actuarial reserve adjustments and reporting to ensure accuracy and timeliness.
  • Prepare board submissions, reports, and deliver presentations to the Reserve Committee, Senior Leadership and Executive Committee.
  • Work with the external Appointed Actuary to support the valuation process and prepare the Valuation Reports in compliance with Accepted Actuarial Practice.
  • Provide consultative and analytical support to internal stakeholders across the Corporation, ensuring actuarial methodologies comply with CAS and CIA standards of practice.
  • Ensure the accuracy of actuarial outputs and continuously improve internal controls to support data integrity and risk mitigation.

Qualifications

Education:

  • University degree in Mathematics, Statistics or Actuarial Science.
  • Associate of the Canadian Institute of Actuaries & Associate of the Casualty Actuarial Society with a commitment to pursue the Fellowship level of the Canadian Institute of Actuaries.
  • Preference will be given to Fellow of the Canadian Institute of Actuaries & Fellow of the Casualty Actuarial Society.

Experience:

  • Eight (8) years of progressive experience in the casualty insurance industry, including five years of experience in valuation.

Technical Knowledge and Skills:

  • Extensive knowledge of actuarial principles, including IFRS accounting standards relevant to actuarial reserves, and associated tools and methodologies.
  • Demonstrated expertise in research and data analysis, with the ability to interpret and synthesize complex information.
  • Working knowledge of R, Python, and/or actuarial reserving software is considered an asset.
  • Excellent verbal and written communication skills, with the ability to clearly and concisely convey complex concepts to diverse audiences.

Employee Benefits

Health benefits

We offer a comprehensive health benefits program that includes:

  • flexible health, dental and vision plans
  • health spending account
  • travel health coverage
  • other extended health benefits such as ambulance, massage and physiotherapy

 

Financial security

In an effort to support financial security, we offer:

  • registered pension plan
  • group, dependent, and optional life insurance coverage
  • critical illness insurance
  • sick leave to cover short-term disability
  • long-term disability

 

Wellness

We offer programs that focus on how to better achieve a balance between work and personal commitments, as well as maintain a healthy workplace culture. This includes:

  • vacation entitlement
  • flexible work arrangement for eligible positions
  • maternity, parental and adoptive leaves
  • bereavement and family responsibility leaves
  • employee and family assistance program
  • mental-health programming
  • lunch-and-learn offerings
  • discounted gym memberships and wellness account

 

Diversity and inclusion

Manitoba Public Insurance believes that diversity and inclusion strengthens us. We consider ourselves to be a barrier-free organization where individual values, beliefs and practices are respected and appreciated for the diversity they bring to our work life.

 

Employee recognition

It’s important to recognize our employees for their contributions. Not only do we recognize employees as they achieve milestone years in their careers, we also have several outlets for leaders and peers to reward each other for work well done.

 

Professional development

We want our employees to grow, which is why we offer support in keeping their skills up-to-date. We offer in-house training, professional development and an educational assistance program.

 

Safety and health

In an effort to encourage a safe and healthy work environment, we offer various safety, health and workplace policies and programs along with technical expertise and assistance to support employee activities in safety and health.

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