Advisor, Prudential Supervision

Role Responsibilities

Are you interested in an opportunity to impact the safety and soundness of Alberta’s insurance entities, and gain a unique insight into the Insurance Industry in Alberta?

If your answer is YES, then we have an opportunity for you!

Reporting to the Senior Manager, Prudential Supervision, this position is responsible for conducting the regulatory and supervisory activities necessary to ensure the operational safety and soundness of the regulated insurance entities, which include insurance companies incorporated in Alberta; reciprocal insurance exchanges formed in or transferred to Alberta; captive insurance companies; and others.

In this position, you will be working closely with Alberta’s regulated insurance entities, providing guidance and information, conducting examinations, reviewing new license or change applications for licensing or incorporation in Alberta, and issuing assessments levied to insurance entities operating in Alberta.

The Advisor, Prudential Supervision will be involved in activities related to the supervision of solvency, governance, compliance and risk management practices of insurance entities for which Alberta is their primary regulator. The Advisor, Prudential Supervision will review and assess industry trends, risks, and changes, and will be involved in developing alternatives and recommendations to ensure Alberta supervisory objectives continue to be met.

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:https://www.alberta.ca/system/files/custom_downloaded_images/psc-alberta-public-service-competency-model.pdf.

Building Collaborative Relationships: You will maintain open communication with regulated entities and our team to ensure proactive supervision. You will increase your knowledge of prudential supervision by participating in conference calls and representing Alberta with regulators across Canada, as required.

Agility: You will demonstrate the ability to anticipate, assess, and readily adapt to changing priorities when working with our regulated entities. You will utilize your problem solving and interpretation skills to monitor, analyze and evaluate complex and technical financial information.

Drive for Results: You will seek to execute the branch’s prudential supervision audit plan, while maximizing available resources to achieve those results. You possess the ability to manage a large volume of work while ensuring care and attention to the recommended course of action.

Build Collaborative Environments: You will work with our team to provide support and develop the tools required to enable our regulated entities to meet or exceed our regulatory expectations.

Systems Thinking: You will anticipate outcomes and potential impacts across interrelated legislation, entities and risks. You will understand how changes in the insurance marketplace can affect the regulated entities and recommend adjustments to our supervision to account for these changes.

Creative Problem Solving: You will engage the team to identify risks and recommendations to ensure we have a thorough understanding of the risks and their impacts to solvency, risk management and governance.

Qualifications

A university degree in a related field and a minimum of four years of relevant experience are required.

A recognized designation in accounting, analytics, actuarial science, risk management, or insurance would be considered an asset.

Minimum recruitment standards outline the minimum education and experience required for appointment to a job classification.

Refer to https://www.alberta.ca/alberta-public-service-minimum-recruitment-standards.

Notes

This is a full-time position working 7.25 hours per day / 36.25 hours per week, Monday through Friday.

Final Candidates for this position will be asked to undergo a security screening.

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

Positions will be located in the Terrace building located at 9515 107 St NW, Edmonton.

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.

Links and information on what the GoA have to offer to prospective employees.

• 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.
• 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.
• Opportunity to participate in flexible work arrangements such as working from home up to two days per week and modified work schedule agreement.
• Leadership and mentorship programs.