Role Responsibilities

Are you an experienced regulatory professional ready to lead a team that safeguards the safety and soundness of Alberta’s insurance sector? Are you looking to bring your management strengths and insurance expertise to a role where your judgment directly protects Alberta policyholders? If your answer is YES, then we have an opportunity for you come grow your leadership career with us!

Reporting to the Director, Prudential Supervision, the Manager, Prudential Supervision leads and directly supervises members of the Prudential Supervision team in regulating the solvency, governance, and legislative compliance of the following regulated insurance entities:

• Alberta-incorporated insurance companies;
• Captive insurance companies;
• Reciprocal insurance exchanges; and
• Special brokers.

The position exists to lead a segment of Alberta’s growing prudential supervision responsibilities and to ensure a consistent, risk-based application of the Insurance Act and the Captive Insurance Companies Act. The Manager sets team priorities, applies regulatory judgment on supervisory risks, and provides second-level review that supports defensible regulatory decisions, while technical analysis is carried out by specialist staff.

In this leadership role, you will be responsible for fulfilling Branch responsibilities including, but not limited to:

• Leading, supervising, and developing team members (Analyst, Senior Analyst, and Advisor), setting clear expectations, allocating work based on risk and capability, and coaching staff through feedback and learning plans.
• Directing risk-based prudential supervision and the annual supervisory plan, and providing second-level review, challenge, and approval of financial, actuarial, governance, and risk assessments completed by staff.
• Ensuring consistent application of the Insurance Act, the Captive Insurance Companies Act, and related regulations, and overseeing reviews of statutory filings, financial returns, and capital reporting.
• Overseeing the prudential review of insurer and captive licensing applications, renewals, incorporations, continuances, amalgamations, portfolio transfers, and other structural changes.
• Providing managerial oversight of recurring statutory programs including the annual cost-recovery process, unlicensed insurance reporting, and special broker returns and approving assessments, penalties, and refunds within delegated authority.
• Preparing and validating briefings, background, and recommendations for the Director, senior leadership, and the Superintendent of Insurance, and representing Alberta on cross-jurisdictional working groups and committees.

Please click on this link to view the job description for this position.

APS Competencies

Competencies are behaviors that are essential to reach our goals in serving Albertans. We encourage you to have an in depth understanding of the competencies that are required for this opportunity and to be prepared to demonstrate them during the recruitment process. This link will assist you with understanding competencies: APS Competency Model

In this leadership role, you will contribute to our team by demonstrating the following competencies:

• Develop Self and Others – You shape group learning for team development, create a shared learning environment, and work with individuals to build personal development plans that grow the team’s capacity for the future.
• Drive for Results – You forecast and proactively address challenges, remove barriers to collaboration and the achievement of outcomes, uphold principles, and align solutions with the broader mission of the organization.
• Systems Thinking – You take a holistic, long-term view of challenges and opportunities, anticipate outcomes and potential impacts across interrelated legislation, entities, and risks, and seek stakeholder perspectives.
• Build Collaborative Environments – You make working with a wide range of parties an imperative, create impactful relationships with the right people, and ensure the needs of varying stakeholder groups are heard and understood.
• Creative Problem Solving – You use a wide range of techniques to break down complex problems, bring the right people together to resolve issues, and identify new solutions for the organization.

Qualifications

This position requires a university degree in a related discipline such as actuarial science, commerce, finance, business administration, or law together with four years of related experience interpreting and applying insurance legislation and analyzing financial and contractual documents to assess the financial condition of regulated entities. Management and team-leadership experience, combined with an insurance background, is required.

The following would be considered an asset:

• A professional qualification in insurance, actuarial science, or accounting such as ACIA or FCIA (Canadian Institute of Actuaries), FCIP, CIP, FRM, or CPA;
• Direct people-leadership and performance-management experience;
• Knowledge of the Insurance Act, the Captive Insurance Companies Act, and related regulations, as well as the applicable supervisory framework;
• Experience in prudential or solvency supervision, including captive insurance;
• Experience reviewing and challenging financial, actuarial, governance, and risk assessments.

Directly related education or experience may be considered on the basis of 1 year of education for 1 year of experience, or 1 year of experience for 1 year of education.

A cover letter outlining how your experience relates to the qualifications listed above, including your management experience, will help us to better understand your fit for this role.

Minimum recruitment standards outline the minimum education and experience required for appointments to a job classification. Refer to https://www.alberta.ca/alberta-public-service-minimum-recruitment-standards

Notes

This is a permanent, full-time management position working 36.25 hours per week, Monday to Friday. The position is located in Edmonton.

Final candidates will be required to undergo a security screening.

This competition may be used to fill future vacancies at the same or lower classification levels across the Government of Alberta.

Any costs associated with obtaining the required documents/checks as noted or interview travel expenses, will be the responsibility of the candidate. Out-of-province applicants can obtain the required documents/checks from the province they currently reside in.

What we offer:

• Working for the Alberta Public Service – https://www.alberta.ca/advantages-working-for-alberta-public-service.aspx
• Public Service Pension Plan (PSPP) – https://www.pspp.ca
• Management Employees Pension Plan (MEPP) – https://www.mepp.ca
• Alberta Public Service Benefit Information – https://www.alberta.ca/alberta-public-service-benefits
• Professional learning and development – https://www.alberta.ca/professional-development-support-directive
• Research Alberta Public Service Careers tool – https://researchapscareers.alberta.ca
• Positive workplace culture and work-life balance.
• Leadership and mentorship programs.