Director, Reinsurance & In-Force Management — Institutional Solutions

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The Director, Reinsurance & In‑Force Management, Institutional Solutions leads the strategy, execution, and management of reinsurance across global Pension Risk Transfer (PRT) and asset‑intensive institutional markets. Reporting to the Global Head of Pricing, Institutional Solutions, the director reinforces a strong risk culture, executes complex transactions in partnership with external reinsurers, and elevates tools, models, and processes required to analyze and manage in-force business.

KEY RESPONSIBILITIES:

Reinsurance Strategy and Oversight

• Lead strategic roadmap for reinsurance supporting Canadian PRT and global asset‑intensive funded reinsurance.
• Build and manage a diversified reinsurance pipeline, maintaining strong relationships with external reinsurance partners.
• Lead treaty design, negotiations, and oversee end‑to‑end execution including pricing alignment, counterparty onboarding, approvals, and closing.
• Collaborate closely with Valuation, Risk, and Operations teams to ensure institutional reinsurance transactions are holistically assessed and optimally structured.

In‑Force Management

• Own institutional in‑force analytics, including longevity/mortality experience studies, expense analysis, and capital optimization.
• Identify and quantify opportunities for in-force reinsurance, repricing, or recapture to enhance economic value or mitigate risks.
• Direct advanced modelling and analytics pipelines using data from PRT systems and institutional RFQs to refine assumptions.

Governance and Compliance

• Ensure all institutional reinsurance transactions comply with retention limits, counterparty requirements, and other internal governance or regulatory requirements.
• Maintain tight oversight of treaty compliance, collateral mechanics, reporting requirements, and post‑issue monitoring.
• Uphold a strong risk culture, promoting transparency and disciplined decision‑making across technical teams.

Position Requirements

• Fellow of the Canadian Institute of Actuaries (FCIA) or Fellow of the Society of Actuaries (FSA) or equivalent, with 7 years of experience in PRT, reinsurance, or asset-intensive insurance products.
• Deep technical knowledge of PRT/longevity dynamics, liability modelling, Canadian and global capital standards.
• Strong actuarial modelling and technical skills, including experience in platforms such as AXIS, Prophet, Python/R/SQL, or similar.
• Excellent verbal and written communication skills, with the ability to explain complex actuarial concepts to non-technical audiences.
• Proven ability to lead and develop actuarial teams, with strong mentoring and coaching skills.

The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmo.com/ca/en.

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.