Actuarial Analyst I - Pricing

Meloche Monnex Inc.; Toronto; On-site; CAD 60,000 - 80,000; Full time

Job summary

A leading insurance organization in Toronto is hiring for multiple Actuarial Analyst I positions within the GI Pricing and Profitability team. This role involves assisting in pricing strategies to achieve business objectives, learning data analysis skills, and support for regulatory processes. Ideal candidates will have a degree in Actuarial Science, knowledge of Excel, and a commitment to teamwork. Opportunities for career advancement are available within a supportive work environment.

Benefits

Health and well-being benefits

Savings and retirement programs

Career development opportunities

Qualifications

• Graduation in Actuarial Science or related field.
• Knowledge of Excel and interest in SQL and R programming.
• Demonstrated team collaboration skills.

Responsibilities

• Assist in implementing and delivering pricing strategies.
• Participate in pricing strategy discussion and assist with implementation.
• Support regulatory filing preparation as required.

Skills

Knowledge of Excel

Proficiency in SQL

Proficiency in R

Strong aptitude for teamwork

Education

University degree in Actuarial Science or related field

Job description

Description

Department Overview

The GI Pricing and Profitability team is expanding, and many new positions are now available! Our team is crucial in maintaining the company's financial health and competitive edge. By leveraging data analysis, actuarial science, and market research, we ensure profitability while offering fair and attractive rates that comply with provincial regulations. This growth offers incredible opportunities for career advancement, exposure to diverse projects, and the chance to be part of a transformative journey.

Position Overview

Multiple Actuarial Analyst I positions are available within the GI Pricing and Profitability team. As an Actuarial Analyst I, you will assist in implementing and delivering pricing strategies to achieve business objectives. Reporting to the Actuarial Manager, the Actuarial Analyst I is expected to demonstrate a high level of curiosity, strong ability and willingness to learn, and a commitment to contributing to the team's mandate.

Responsibilities

1. Regional Auto (ON, QC, WP) or Residential Pricing

• Learn to update pricing algorithm to support business objectives toward profitability and growth
• Participate in pricing strategy discussion and assist with implementation
• Support regulatory filing preparation, where required

2. Pricing Optimization

• Assist in building models and applying optimization techniques to recommend premium adjustments
• Learn to track the performance of deployed strategies and identify areas for improvement

3. Financial Performance

• Assist in tracking and reporting financial performance of pricing strategies
• Learn to apply financial projection and pricing concepts

4. Risk Sharing Pool (RSP) Strategy and Performance

• Assist in centralizing and optimizing RSP cession strategy
• Learn to analyze cession results and pool performance and their impact on business objectives

5. Private Client Advice (PCA)

• Assist in tracking profitability of the PCA Book of business
• Gain exposure to complex risk and special coverage needs
• Assist in calculating premiums for special coverage needs

6. Affinity Market Group (AMG)

• Help review and update group discounts and understand AMG's impact on business objectives
• Support monitoring of affinity group profitability
• Assist in updating AMG profit-sharing programs

7. Initiatives & Governance

• Support internal product and pricing initiatives from the initial business case to rate filings
• Contribute to the development of our Bias and Fairness pillar to ensure our pricing strategies reflect these principles

Job Requirements

• University degree in Actuarial Science or related field
• Knowledge of Excel
• Proficiency or interest for programming, notably with SQL and R
• Strong aptitude for team work

Preferred Qualifications

• Knowledge of predictive modeling
• Working through actuarial professional examination

Who We Are

As part of TD Bank Group, one of Canada's largest financial institutions, at TD Insurance, we care for Canadian families, making it easy to get the best advice, protection, and support in their moments of need, always.

TD Insurance offers a wide range of products, including General Insurance and Life and Health. More than four million customers count on us.

As the largest direct to consumer insurer in Canada, we are always innovating and providing exciting and rewarding career opportunities for our Canada-wide workforce.

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

We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

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. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we’re committed to helping you identify opportunities that support your goals.

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 à pourvoir de nombreux postes aux exigences comparables à l’avenir, nous invitons les candidats bilingues et francophones à poser leur candidature. Lorsqu’un poste sera à pourvoir, une évaluation des besoins en matière de langue sera effectuée pour déterminer si la connaissance d’une autre langue que le français est exigée.