The AVP, Capital Management and Treasury is responsible for leading critical functions to ensure the company’s financial strength, liquidity and capital adequacy. Reporting to the VP, Corporate Development, Reinsurance, Capital & Treasury Management, this role will oversee enterprise capital and treasury management operations and plays a key role in optimizing capital efficiency and supporting long-term business growth.
The key activities of the role include:
- Management and Monitoring of our monthly Capital, Banking and Liquidity positions
- Support external funding and capital deployment for M&A
- Management of the Annual Rating Agency process with AM Best and DBRS
- Ownership of the Annual and Quarterly Balance Sheet, Capital, and Cashflow Forecast Processes
- Support analysis for quarterly results, earnings calls, and investor questions
- Leadership of the function including indirect as well as direct reports
Key Responsibilities:
Capital Management
- Lead the development, implementation and monitoring of the company’s capital management framework
- Support Board and executive reporting on capital position, sensitivities and forecasts
- Support quarterly results process
- Partner with financial reporting, FP&A, reinsurance, corporate development, investor relations, legal, actuarial, risk and investment teams to evaluate capital implications of strategic initiatives
- Monitor and manage capital levels including the impact of various capital deployment opportunities (such as dividends, NCIBs, broker acquisitions, share incentive purchases) and return on capital development
Treasury Operations
- Ownership of key treasury activities (NCIB, share incentives, dividends, DRIP, credit facility, debt management)
- Manage daily liquidity, cash flows, and optimize working capital
- Oversee corporate banking relationships and ensure alignment with organizational treasury strategy
- Develop and monitor treasury policies, controls and risk frameworks
- Ensure efficient execution of financing transactions, investments settlements, and fund transfers
Leadership & Strategic Support
- Lead a high-performing team with a focus on development, innovation and accountability
- Provide thought leadership and strategic insights on capital markets, regulatory changes (e.g. OSFI guidelines) and industry trends
- Contribute to strategic planning, M&A assessments and rating agency presentations
- Participation in the Capital QBRs, Capital and Treasury Steering Committee, and presentations to Board, MRC, RRC and external rating agencies.
Qualifications:
- CPA, CFA or CA designation preferred
- 10+ years of experience in insurance, banking or financial services, with progressive responsibility in capital management, treasury or corporate finance
- Strong knowledge of insurance accounting, OSFI capital frameworks, IFRS 17, rating agency models, capital market, treasury management and insurance industry regulations
- Proven leadership skills with the ability to influence cross-functional teams and executive stakeholders
- Excellent analytical, modelling and communication skills
- Creative thinker and solutions-oriented
Salary range: $133,700 - $222,800
