Chief Actuary

Important messages

We are committed to providing an inclusive and barrier-free work environment, starting with the hiring process. If you need to be accommodated during any phase of the evaluation process, please use the Contact information below to request special accommodation. All information received in relation to accommodation will be kept confidential.

Information on accommodation for persons with disabilities

Duties

WORK ENVIRONMENT

The Office of the Superintendent of Financial Institutions (OSFI) has an exciting opportunity for a highly qualified individual to take on the senior leadership role of Chief Actuary, a unique and very important role that touches the lives of all Canadians.

The Office of the Chief Actuary (OCA) is an independent unit within OSFI that provides a broad range of actuarial valuation, policy analysis and advisory services to the Government of Canada. While the position reports directly to the Superintendent, the Chief Actuary is solely responsible for the actuarial opinions and advice prepared by the OCA.

THE ROLE

The Office of the Chief Actuary provides a range of actuarial valuation and advisory services to the Government of Canada. These valuations assess the financial status of some of the most important social programs in Canada including the Canada Pension Plan (which is a joint responsibility of the Government of Canada and the provincial governments), the Old Age Security program, Employment Insurance and others. In doing so, the OCA plays a vital role in ensuring that Canadians can continue to rely on and benefit from commitments made by the Government of Canada and provincial governments to finance programs that are critical to the well-being of a great many Canadians.

The Chief Actuary is also accountable for providing to the President of Treasury Board actuarial reports and long-term financial projections in respect of many benefits and pension programs including the pension plans for the core public service, the RCMP, Members of Parliament, federally appointed judges, and the Canadian Forces.

The Chief Actuary also acts as a representative of the Office of the Superintendent of Financial Institutions and the Government of Canada to multiple stakeholders including parliamentary committees and international associations.

THE IDEAL CANDIDATE

The ideal person will be a recognized leader and highly qualified actuary who will bring a high level of engagement and commitment along with excellent communication skills.

The individual will have a strong focus on building and maintaining effective relationships, partnerships and networks of contacts with a wide range of internal and external stakeholders. He or she will represent OSFI in a manner that upholds the highest standards of ethics and professionalism.

Intent of the process

This selection process will be used to staff one position on an indeterminate basis.

Positions to be filled: 1

Information you must provide

Your résumé.

A covering letter in 5,000 words (maximum)

In order to be considered, your application must clearly explain how you meet the following (essential qualifications)

EDUCATION
- Graduation with a degree* from a recognized university with a specialization in finance, accounting, actuarial science, mathematics, business, economics, or a related field.
- Fellowship of the Canadian Institute of Actuaries

* The term "degree" refers to a baccalaureate or a higher level degree, as established by educational authorities.

Degree equivalency

EXPERIENCE
- Recent* and significant** experience in leading the production of actuarial reports in respect of large pension programs and/or benefits programs
- Experience leading actuarial teams
- Experience supporting senior executives, boards of directors and/or CEOs on complex and sensitive actuarial files

If you possess any of the following, your application must also clearly explain how you meet it (other qualifications)

ASSET EXPERIENCE
- Experience collaborating with senior government officials
- Experience managing substantial financial resources
- Experience in delivering speeches and presentations to various audiences
- Recent* and significant** experience in leading the production of long-term financial projections.

* Recent is defined as within the last 5 years.
** Significant is defined as the breath and complexity of experience that would normally be acquired within 10 years, where the experience was part of the regular work duties of the candidate.

The following will be applied / assessed at a later date (essential for the job)

Bilingual - Imperative (CBC/CBC)

Information on language requirements

Second Language Writing Skills Self-Assessment
In order to help you decide if you should apply to a bilingual position, an optional self-assessment of your writing skills in your second official language is available for you to take before completing your application.

For more information, please consult:
Unsupervised Internet Test of Second Language Writing Skills

KNOWLEDGE
- Knowledge of public policy issues as they pertain to social insurance programs and/or public sector pension and benefit programs
- Knowledge of actuarial techniques and issues regarding the demographic and economic environment of Canada

COMPETENCIES
- Collaborate with Partners and Stakeholders
- Results Orientation
- Critical Thinking
- Impact and Influence
- Professional Judgment

The following may be applied / assessed at a later date (may be needed for the job)

ORGANIZATIONAL NEEDS
- In order to meet the organization’s employment equity objectives in support of a diversified workforce, ‘right fit’ selection for this position may be made from among qualified candidates who self-declare as being persons with a disability or Aboriginal peoples.

Conditions of employment

- Security – Level II (Secret)
- Willingness to travel both domestically and internationally

Other information

The Public Service of Canada is committed to building a skilled and diverse workforce that reflects the Canadians we serve. We promote employment equity and encourage you to indicate if you belong to one of the targeted groups when you apply.

Information on employment equity

Candidates must provide a cover letter when submitting their application. In the cover letter, candidates must clearly demonstrate how they meet the education and experience criteria listed in the essential and asset qualifications. Please use those criteria as headers and write one or two paragraphs for each demonstrating how the qualification is met by providing concrete examples of how, when and where the experience was obtained. Please note that it is not sufficient to only state that a criterion is met or to provide a listing of current or past responsibilities. Résumés may be used as a secondary source to validate the information provided. Failure to provide the information in the requested format may result in the rejection of your application

A written exam may be administered.

An interview will be administered.

Reference checks will be sought.

A work sample may be requested.

Candidates invited to an interview will be required to bring proof of their education credentials, in the form of a diploma or official transcript (original documents only). Candidates with foreign credentials must provide proof of Canadian equivalency. Consult the Canadian Information Centre for International Credentials for further information at http://www.cicic.ca/.

Candidates must meet all of the essential qualifications to be appointed to a position. A candidate may be appointed to a position even though he/she does not meet any or all of the asset qualifications. However, meeting these criteria is desirable and may be a deciding factor in choosing the person to be appointed. Candidates may be contacted and assessed against these criteria at any time during this process.

A top down selection of candidates may be used in the determination of those to be given further consideration in the assessment process.

Persons are entitled to participate in the appointment process in the official language of their choice. Applicants are asked to indicate their preferred official language in their application.

For this selection process, our intention is to communicate with applicants by e-mail (including sending invitations for written tests and interviews). Applicants who apply to this selection process must include in their application a valid e-mail address and make sure this address is functional at all times and accepts messages from unknown users.

All applications must be submitted through the www.canada.ca/government-jobs website. Do not fax, email or mail hard copy documents as these will not be accepted. To submit an application online, please click on the "apply now" button.

If you do not have Internet access in your home or through friends, relatives or neighbours, here are some suggested locations: campus career centers, libraries, community centers, Internet cafés and Services Canada. You may also call 1-800-O-Canada (1-800-622-6232), or TTY 1-800-926-9105, for information on the nearest public Internet access locations.

Applicants with disabilities: If you require special accommodation at any stage in the selection process, including technical aid to ensure an equitable assessment of your qualifications, please inform us by sending an e-mail to the following address: .

Persons with a disability preventing them from applying on-line are asked to contact 1-800-645-5605.

As a Separate Agency, the Office of the Superintendent of Financial Institutions (OSFI) appoints employees in accordance with the Public Service Employment Act (PSEA). OSFI is named in Schedule V of the Financial Administration Act (FAA) and it offers the same pension and benefits plans as the core Federal Public Service. In addition to this, OSFI employees obtain a minimum of 4 weeks of vacation leave per year, earn a competitive salary, and are eligible for an annual performance bonus.

Preference

Preference will be given to veterans and to Canadian citizens, in that order.

Information on the preference to veterans

We thank all those who apply. Only those selected for further consideration will be contacted.