Actuarial Analyst

Aviva plc; Markham; Hybrid; CAD 60,000 - 80,000; Full time

Job summary

A leading insurance company in York Region, Canada, is looking for a Pricing Analyst to enhance pricing methodologies using data analysis and actuarial skills. The ideal candidate will have a Bachelor's degree in Actuarial Science or related fields and a strong foundation in statistics and programming. Join a collaborative team that values innovative thinking and offers a competitive compensation package, including a hybrid work model and opportunities for professional development.

Benefits

Base compensation

Annual bonus eligibility

Health benefits

Competitive vacation package

Corporate wellness programs

Qualifications

• Minimum of 2 CAS exams.
• Minimum 1 year of P&C work experience.
• Strong mathematical and statistical background.

Responsibilities

• Develop and maintain cost models for pricing frameworks.
• Work closely with various teams to improve pricing models.
• Support the rate filing process and assess business impact.

Skills

Data analysis

Problem solving

Statistical analysis

Programming

Education

Bachelor degree in Actuarial Science, Math or Statistics

Tools

Python

SAS

VBA

Job description

ndividually we are people, but together we are Aviva. Individually these are just words, but together they are our Values – Care, Commitment, Community, and Confidence.

Are you passionate about data and not afraid of searching for a needle in a stack of hay? Does developing pricing techniques give you goosebumps? Do you get excited when discovering a new piece of data that could potentially drive better business results or make customers happy? Can you create Harry Potter like magic with Excel, Python or SAS?

When you join our diverse community of best-in-class talent, you’ll be gaining an unrivalled opportunity to spearhead product innovation and development, harness the latest cutting-edge technologies, and launch breakthroughs. And do it all faster and smarter as we combine data science and actuarial expertise to revolutionize how we approach pricing and deliver the best outcome for our customers and strategy.

We have a number of opportunities available, supporting different regions, so if you’re ready to help us redesign the way we do business, we want to hear from you!

What you’ll do:

Develop and maintain best in class costing models such as rate indications, loss cost models and other pricing frameworks

Be accountable for embedding best practice pricing methodologies leveraging techniques used in other jurisdictions within the Canadian environment

Work closely with Corporate Actuarial, Claims, Finance Analytics, Underwriting and Government Relations to develop a deep understanding of Aviva’s personal insurance business and reflect key data and emerging trends into our pricing models

Support Leader of Technical Pricing and Personal Insurance Leadership team in providing actuarial input into the company’s annual business plan

Provide support to regional pricing teams during the rate filing process and in communications with regulators to influence outcomes, while assessing the impact of business decisions including rate or underwriting changes on expected future profitability within various regions/channels

Develop actuarial pricing techniques, interpersonal skills and leadership skills through analyzing the profitability of the Aviva business by region/channel and forecasting anticipated changes to profitability by region/channel

What you'll bring

Bachelor degree in Actuarial Science, Math or Statistics or other related subjects

Minimum of 2 CAS exams

Minimum 1 year of P&C work experience

Focus on enhancing the customer experience

Actuarial curiosity to learn and explore new solutions

Strong mathematical and statistical background

Strong problem solving and analytical skills

Proficiency in programming

Experience with Python, MS Access, SAS and VBA is an asset

What you'll get

An open mind for new ideas and methodologies – you will develop predictive models for in depth analyses and improve current model/process. You will collaborate with Business Development partners on broker initiatives

A great team and collaborative work environment – You will collate all the analysis from the various centers of excellence to determine pricing proposals for rate changes. The team will work closely with the business and other Teams in Personal Insurance to deliver each region/channel’s mandate.

Advanced pricing and collaboration tools – You will research and apply both traditional and innovative ways to apply accepted actuarial techniques to business issues. You will develop actuarial pricing techniques that support the regions and provide pricing support for our personal insurance products

A culture of personal and professional development – You will prepare and support regulatory rate filings and document actuarial pricing process and models.

In addition, we offer:

Robust Actuarial Student Program to provide support and opportunities for actuarial students to become fully qualified actuaries and future leaders.

Compelling rewards package including base compensation, eligibility for annual bonus, retirement savings, share plan, health benefits, personal wellness, and volunteer opportunities.

Competitive vacation package with the option to purchase 5 extra days off per year

Employee driven programs focused on gender, LGBTQ+, origins, diversity and inclusion

Corporate wellness programs to support our employees’ physical and mental health

Hybrid flexible work model

#LI-LM1

Please note that we may use AI tools to help us through the recruitment process. This is an existing position which has been posted both internally & externally.

Aviva Canada has an accommodation process in place to provide accommodations for employees with disabilities. If upon commencement of employment you require a specific accommodation because of a disability, please contact your Talent Acquisition Partner so that an appropriate accommodation can be arranged. This process applies throughout your career with Aviva Canada.

We help our 19.5 million customers to save forthe future and manage the risks of everyday life. To give these customers the best possible products and service we know we must make Aviva the most attractive choice for talented, entrepreneurial people with diverse backgrounds and an evolving range of expertise and insight.

So, we’re passionate about helping our 23,000 people to do the best work of their lives, to enable them to make a positive difference to the lives of our customers.