Opportunities at LAPP

The Local Authorities Pension Plan (LAPP) has a proud 57+ year history of providing stable and secure pensions to workers in Alberta’s health care, municipal and education sectors. With over 275,000 members and assets in excess of C$50 billion, LAPP is one of Canada’s leading pension plans and a model for success in today’s complex pension landscape.

March 1, 2019 ushered in a new and exciting chapter in the Plan’s history, as LAPP became a jointly sponsored pension plan. The Plan operates under a new governance structure, built on equal representation from LAPP’s contributing members and employers. It features two new boards and an innovative, evolving Corporation, which together guide the Plan into a promising future for all stakeholders.
 

LAPP Corporation 

LAPP Corporation acts as trustee and administrator of LAPP and provides supports to both Boards and is responsible for managing the Plan in the best interests of its members. LAPP Corporation is responsible for overseeing the work of service providers for the Plan to ensure the delivery of pension benefits and the long-term sustainability of the Plan.

LAPP Corporation is a growing organization of enthusiastic, talented people who expertly manage risk, strategically deliver solutions and earnestly support the important work of providing a secure lifetime pension for many thousands of Albertans.

If you are a visionary thinker who is looking for exciting opportunities to join a proactive, pioneering and energetic team, consider the possibilities with LAPP Corporation. Stay at the forefront of your career and ensure you are Always a LAPP Ahead!

Current LAPP Corporation Opportunities:

  • Vice President, Pension Policy & Funding
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Vice President, Pension Policy & Funding

Click here to open the position profile as a PDF.

The Opportunity
Reporting to the President and CEO, the Vice-President, Pension Policy & Funding is a key member of the senior management team and leads the development and implementation of pension design, benefits administration and funding policies to support the LAPP Sponsor Board, LAPP Corporation Board of Directors (Board of Directors) and the CEO in the prudent management and administration of the Local Authorities Pension Plan. Primary areas of responsibility include providing pension policy and funding advice, information, education, research and analysis directly to the LAPP Sponsor Board, Board of Directors and CEO; working with the Plan actuary to provide sound advice to the Boards on funding and related issues; and overseeing the performance of LAPP’s pension administration services provider, Alberta Pensions Services Corporation (APS).

KEY ROLES & RESPONSIBILITIES

Pension Policy and Funding

  • Provide research and policy advice on a wide variety of issues affecting pension design and management of the liabilities of the Plan.
  • Manage all actuarial services to the Plan, including supervising third-party actuarial consultants to complete the annual actuarial valuation cycle in accordance with the Sponsor Board’s Funding Policy and applicable regulatory requirements and providing other general actuarial services and funding advice to the Boards.
  • Work collaboratively with the VP, Investment Policy and Oversight to provide coordinated advice to the Board on assets and liabilities, including through periodic asset-liability management studies and ongoing modelling and assessment of Plan liabilities and funding / investment strategies.
  • Work collaboratively with the VP, Stakeholder Relations and Communications to acquire input from stakeholders on pension policy, funding and administration issues.
  • Proactively monitor and research pension policy; benefit administration; demographic, funding, economic and regulatory environments and trends; and advise the CEO and Boards accordingly.
  • Analyze the Plan text and recommend appropriate plan rule amendments where necessary.
  • Develop strategic and operational policies for Board approval and undertake ongoing reviews of all policies.
  • Implement, monitor and manage the Boards’ policy directives and projects.
  • Analyze, understand and ensure advice complies with governing legislation and regulations.
  • Work with regulators, both provincial and federal, to resolve regulatory issues.
  • Liaise as required with APS, Alberta Treasury Board and Finance staff, the Plan actuary and other external service providers to coordinate and optimize policy information and advice to the Boards.
  • Work with Government of Alberta officials to interpret and implement EPPA legislative requirements.
  • Together with other members of executive management play a leadership role in preparing and developing the pension policy, funding and administration components of an annual environmental scan of issues and risks potentially impacting the Plan.
Monitor LAPP's Benefit Administration by APS
  • Monitor and assess APS performance and compliance with contractual and service delivery standards, including analyzing periodic performance and compliance reports.
  • Analyze and advise on benefit administration and policy procedures in use, and recommendations presented, by APS.
  • Review and develop service delivery standards and other benefit administration policies to ensure they meet the Plan’s needs and address areas of concern or risk.
  • Represent LAPP in the operationalization of its services agreement with APS and develop recommendations for changes as appropriate.
  • Work with performance measurement analytics to assess APS’s performance.
  • Work with the VP Stakeholder Relations and Communications to ensure appropriate and required member communication and education materials, and materials for employer guidance are developed and provided.
  • Oversee effective employer compliance programs for the Plan.
  • Manage the overall relationship with APS, including joint development of projects and priorities.
Other Plan Administration Support
  • Support the implementation of the adjudicative function for addressing member appeals of administrative decisions, including attending member hearings, working with internal or external legal counsel and assisting with the drafting of decisions.
  • Review applications by employers to join LAPP and make recommendations to the Sponsor Board, as applicable.
  • Undertake special projects or studies as required by the CEO or the Boards.
  • Support the VP, Finance and Risk by providing input related to pension policy, funding and administration risks to the LAPP Enterprise-Wide Risk Management program.
  • Work with management colleagues to identify and develop risk mitigation and risk response strategies, and monitor the progress of such strategies.

Communications with LAPP Stakeholders

  • Respond to inquiries from stakeholders, with information, advice and decisions.
  • Prepare and deliver presentations to various Plan stakeholders throughout the province regarding pension policy and funding matters.

Executive Management

  • As a member of the senior management team, jointly responsible for strategic management of LAPP, including strategic planning, and for effective and efficient management of services provided by LAPP.
  • Implement specific policy directives and projects as required.

THE PERSON

Qualifications & Education Requirements
The ideal candidate:

  • A bachelor’s degree in a related discipline (law, political science, commerce, economics, or similar) and a minimum of 10 years of progressively responsible experience in a managerial or professional position in a pension environment is required.
  • A designation as an accredited actuary (a Fellow of the Canadian Institute of Actuaries) is highly desirable.
  • A post-graduate degree in business is desirable.

Knowledge, Skills & Attributes

Knowledge

  • Experience in a pension plan environment.
  • Knowledge of pension principles and theories.
  • Knowledge of actuarial and financial principles and theories.
  • Knowledge of legal principles is desirable.
  • Experience in a government environment is desirable.
  • Proven managerial abilities are required, including leadership, team-building skills, superlative interpersonal communications skills, an ability to think and act strategically, sound judgement and personal ethics.

Skills and Abilities

  • Superlative communication skills (written, verbal and presentation) including an ability to explain complex concepts in plain language.
  • Strong ability to access, analyze and synthesize a diverse range of information and creatively formulate logical, credible and politically sensitive solutions to problems.
  • Strong ability to work directly with and advise large and diverse Boards.
  • Strong ability to support the CEO with advice and information.
  • Ability to build professional and productive relationships with colleagues and diverse stakeholders.
  • Ability to think strategically and creatively.
  • Ability to understand and work with several professional disciplines, and use financial accounting, actuarial and statistical data.
  • Ability to work with stakeholders from both management and labour.
  • Ability to speak to stakeholders’ meetings and to the public.
  • Ability to analyze technical materials, legislation, regulations and legal agreements.
  • Ability to deal with public policy and political issues.
  • Ability and aptitude to stay current by upgrading skills, researching best practices in pension management.
  • Ability to proactively identify, manage and mitigate risks and issues.
  • Highly motivated and comfortable working independently, but within a collaborative and team-oriented approach.
  • Results-oriented and an effective manager of time and resources.
  • Strong customer and client service focus.
  • Project management skills.
  • Ability to work in fast paced, stressful, politically sensitive, changing and uncertain environment.
  • Ability to delegate to and supervise performance of junior staff members.

Compensation
A competitive compensation package will be provided including an attractive base salary and excellent benefits. Further details will be discussed in a personal interview.

For Information Please Contact
Ardyce Kouri or Sonny Kapoor
Leaders International Executive Search
Suite 501 Fox One
10226 – 104 Street
Edmonton, AB T5J 1B8
Phone: 780-420-9900
Email: Edmonton@Leadersinternational.com


 

  • Manager of Finance and Risk
read more

Manager of Finance and Risk

Click here to open the position profile as a PDF.

The Opportunity
Reporting to the Vice-President of Finance and Risk, the Manager of Finance and Risk:

  • Implements financial accounting, reporting and controls of the Local Authorities Pension Plan (LAPP) and LAPP Corporation (Corporation), and
  • Further, develop and matures LAPP’s and the Corporation’s enterprise-wide risk management program.

LAPP Corporation is led by an executive team made up of experts skilled in all facets of running a large multi-sector pension plan, including risk management, investments, funding management, pension law, pension policy, stakeholder relations and communications.

Primary areas of responsibility for the Manager include working under the guidance of the VP of Finance and Risk in building out the “finance and risk” function; completing the processes for financial forecasting and budgeting; completing the preparation of external and internal financial reporting, and completing the audit of LAPP and the Corporation, while continuing the implementation of LAPP’s and the Corporations enterprise-wide risk management processes.

Contacts:

  • All LAPP Corporation’s leadership and staff.
  • LAPP service providers and finance and risk management professionals from other pension plans and consulting firms.

KEY ROLES & RESPONSIBILITIES

The Manager’s responsibilities are characterized by competing demands, priorities and matters which are of importance to LAPP’s and the Corporation’s finance, accounting and risk management, goals, and objectives.

Financial Reporting, Controls and Audit Coordination 

  • Manage the implementation and design, of appropriate internal controls for LAPP and the Corporation.
  • Manage the implementation, preparation, and issuance of all necessary financial reporting for LAPP and the Corporation.
  • Manage the process for the audit of LAPP and the Corporation’s financial statements by external auditors.
  • Liaise as required with Alberta Investment Management Corporation (AIMCo) or any other external investment manager to LAPP, and with Alberta Pensions Services Corporation (APS) or any other external benefits administration services provider to LAPP, with respect to their inputs to
  • LAPP financial reporting and risk management program.
  • Help ensure compliance with all regulatory and tax filing, reporting, and auditing requirements. 

Corporate Operations, Financial Planning and Budgeting 

  • Provide financial information for business and operational strategies for the Corporation.
  • Manage the Corporation’s budgeting processes.
  • Monitor the costs of LAPP’s external service providers.
  • Provide accurate and timely budget information to monitor progress against operational metrics.
  • Identify key business drivers and determine how to optimize and improve financial performance.
  • Liaise with external advisors as necessary regarding financial planning and management matters

Risk Management

  • Implement the integration of risk management into strategic planning for the Plan.
  • Implement and manage LAPP’s and LAPP’s Corporation’s Risk Management program.
  • Record the assessment and quantification of risks to LAPP.
  • Work with management colleagues to identify and develop risk response strategies and monitor the progress of such strategies.
  • Support the VP of Finance and Risk and the VP of Stakeholder Relations in communication of, risk measurements and assessments to the Boards and stakeholders

THE PERSON

Qualifications & Education Requirements

  • A bachelor’s degree in accounting, finance or economics or related discipline.
  • Demonstrated relevant experience in accounting, financial reporting and/or risk management experience.
  • CPA designation is required (if you are in the final stages this will also be considered).

Knowledge, Skills & Attributes

  • Knowledge of principles and practices of financial disciplines, particularly pension plan and corporate finance and accounting.
  • Knowledge of principles and practices of enterprise risk management, particularly in a pension plan environment.
  • Proven managerial abilities, excellent interpersonal communications skills, an ability to think and act strategically and creatively, sound judgment and personal ethics. Demonstrates a “first amongst equals” style identifying and meeting the needs of colleagues, members, and staff.
  • Acts as an integral part of a team with high ethical standards and an honest, open-minded, and consistent approach to working with staff. Demonstrates critical thinking, analysis, and planning.
  • Believes in early, transparent, continuous, and consultative two-way communication with parties on issues that affect them.
  • Able to effectively build relationships with a wide range of stakeholders. Patient and resilient - embraces challenges while accepting the reality of obstacles. Has a positive outlook and a sense of humor. Is diplomatic and emotionally mature; possesses well-developed negotiation skills - able to resolve conflict and facilitate negotiations with tact and diplomacy.
  • Strong ability to work within a multidisciplinary environment and analyze complex information and data to collaboratively develop solutions and recommendations.
  • Possesses impeccable integrity and ethics. Respectful of others and respected by peers. Is honest, sincere, dependable, authentic, and trustworthy. Committed to the Corporation’s values, vision and mission.
  • Ability and aptitude to stay current by upgrading skills, researching best practices in pension finance and risk management.
  • Ability to proactively identify, manage and mitigate risks and issues.
  • Highly motivated and comfortable working independently, but within a collaborative and team-oriented approach.

Compensation
A competitive compensation package will be provided including an attractive base salary and excellent benefits. Further details will be discussed in a personal interview.

For Information Please Contact:
Ardyce Kouri or Sonny Kapoor
Leaders International Executive Search
Suite 501 Fox One
10226 – 104 Street
Edmonton, AB T5J 1B8
Phone: 780-420-9900
Email: Edmonton@Leadersinternational.com

Board Opportunities

The LAPP Sponsor Board sets the design and high-level direction for the Plan, while the LAPP Corporation Board of Directors provides oversight and high-level direction for the Corporation. 

Current Board Opportunities:

  • There are no available opportunities at this time