Actuarial Analyst I - Pricing

TD; Canada; On-site; CAD 55,000 - 83,000; Full time

Job summary

An established industry player in the financial sector is seeking an Actuarial Analyst to join their dynamic team. This role focuses on developing pricing strategies for insurance products, ensuring compliance with regulations, and contributing to the company's growth objectives. The ideal candidate will leverage their actuarial expertise, analytical skills, and programming proficiency to enhance pricing models and support business initiatives. This is a fantastic opportunity to make a significant impact within a leading organization dedicated to client protection and financial well-being.

Benefits

Health and well-being benefits

Savings and retirement programs

Paid time off

Banking benefits and discounts

Career development opportunities

Reward and recognition programs

Qualifications

• 1-3 years of actuarial experience in Property & Casualty required.
• Bachelor's degree in Actuarial Sciences or related field is essential.

Responsibilities

• Determine rating levels and classification criteria for profitability.
• Support implementation of rate changes and best practices.

Skills

Actuarial experience

Analytical thinking

Communication skills

Customer-centric approach

Programming (SAS, VBA, R, Python)

Predictive modeling

Education

Bachelor degree in Actuarial Sciences

Completion of preliminary professional exams

Tools

Excel

Job description

Work Location:
Montréal, Quebec, Canada

Hours:
35

Line of Business:
Data & Analytics

Pay Details:
55 400 $/$55,400 - 83 000 $/$83,000 CAD

This role is temporarily eligible for a pay premium above the posted salary range that is reassessed annually. You are encouraged to have an open dialogue with your recruiter who can provide more specific pay details for this role.

Job Description:

TD Insurance is part of TD Bank Group, one of Canada's largest financial institutions. TD Insurance helps protect clients from the 'accidents of life' with a wide range of products including credit protection, life, health, travel, home and auto insurance. With more than three million clients, TD Insurance authorized products and services are available online, over the phone, and through a network of more than 1,000 TD Canada Trust branches.

GI Pricing oversees the overall pricing strategy of general insurance products that aligns with TD Insurance's business objectives in compliance with jurisdictional premium regulations. Pricing is a determining component of our home and auto insurance products that cater to direct and affinity markets.

Reporting to the Pricing Manager, the Actuarial Analyst helps establish the rating strategy for all products and all insurers for a given region; the Analyst contributes to the on-going and future success of the company through the establishment of rating levels and classification criteria. The Analyst monitors and measures rate levels and effectiveness though rate-indication activities, and/or the execution of planned pricing and business initiatives utilizing best governance practices.

Responsibilities

• Determine the rating level and classification criteria required to reach growth and profitability objectives;
• Partake in the production of regulatory rate change submissions;
• Partake in the implementation of rate changes;
• Support and implement best practices and controls to mitigate risk mitigation, risk controls in addition to application of existing processes, policies and procedures;
• Contribute to the development of tools and analysis techniques.

Job Requirements

• One to three years of actuarial experience in Property & Casualty;
• Bachelor degree in Actuarial Sciences or related field;
• Completion of all preliminary professional exams of Casualty Actuarial Society;
• Excellent knowledge of Excel;
• Proficiency and interest for programming, notably SAS, VBA, R, Python;
• Predictive modeling is a large asset;
• Solid organizational and communications skills;
• Aptitude for analytical and synthetical thinking;
• Customer-centric approach and ability to work in team.

Who We Are:

As part of TD Bank Group, we care for Canadian families, making it easy to get the best advice, protection, and support in their moments of need, always.

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs.

Additional Information:
Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

Colleague Development
If you're interested in a specific career path or are looking to build certain skills, we want to help you succeed. You'll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.

Training & Onboarding
We will provide training and onboarding sessions to ensure that you've got everything you need to succeed in your new role.

Interview Process
We'll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation
Your accessibility is important to us. Please let us know if you'd like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you!

Language Requirement (Quebec only):
*Remarque: Étant donné que cet affichage concerne de futurs postes vacants et qu'il servira a pourvoir de nombreux postes aux exigences comparables a l'avenir, nous invitons les candidats bilingues et francophones a poser leur candidature.