Actuarial Analyst II

TD; Montreal; On-site; CAD 62,000 - 95,000; Full time

Job summary

Join a leading company as an Actuarial Analyst II in the Data & Analytics line of business. You'll refine segmentation models and underwriting rules for insurance products, leveraging advanced analytics and collaboration across departments. This role offers growth opportunities and a competitive salary range.

Qualifications

• Minimum of 3 professional exams from the Casualty Actuarial Society.
• At least 3 years of actuarial experience in P&C insurance.

Responsibilities

• Using predictive modeling techniques for insurance products.
• Enhancing understanding of client risk and profitability.
• Collaborating with various departments for underwriting analyses.

Skills

Analytical mindset

Decision-making skills

Organizational skills

Time management skills

Effective communication skills

Education

Bachelor’s or master's degree in Actuarial Studies

Bachelor’s or master's degree in Mathematics

Bachelor’s or master's degree in Statistics

Tools

SQL

R

Python

VBA

Microsoft Office

Job description

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Work Location:

Montréal, Quebec, Canada

Hours:

35

Line Of Business:

Data & Analytics

Pay Details:

62 900 $/$62,900 - 94 300 $/$94,300 CAD

This role is eligible for a discretionary variable compensation award that considers business and individual performance.

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are key features of the colleague experience at TD. Our policies allow colleagues to progress through the salary range over time as they advance in their roles. The actual offered base pay may vary based on skills, experience, knowledge, location, and organizational needs.

Candidates are encouraged to ask questions about compensation and discuss details with their recruiter.

Job Description

The TD Analytics for Insurance team provides business intelligence using advanced analytical techniques like machine learning and AI models. This group conducts in-depth analysis to understand claim payments, client or advisor behaviors, product design, and more. They develop, maintain, and calibrate models used within TD Insurance, including loss cost and customer behavior models.

The Underwriting Analytics function within this team develops and maintains underwriting rules and guidelines. It consists of Actuarial Analysts and Data Scientists who analyze data to develop schemes and predictive models to refine TD Insurance's risk appetite. Collaboration with Underwriting Specialists ensures rules comply with regulatory guidelines and are easy for advisors to apply.

Main Tasks of the Actuarial Analyst II, Underwriting Analytics

• Using predictive modeling techniques to refine segmentation models and underwriting rules for auto and residential insurance products in the Canadian market.
• Enhancing understanding of client risk and profitability through insights and data-driven decisions.
• Executing and presenting underwriting analyses to support growth and profitability.
• Developing and maintaining tools to monitor portfolio evolution.
• Collaborating with departments like Underwriting, Product, Pricing, Risk Management, and Customer Service.

Job Requirements

• Bachelor’s or master's degree in Actuarial Studies, Mathematics, or Statistics.
• Minimum of 3 professional exams from the Casualty Actuarial Society.
• At least 3 years of actuarial experience in P&C insurance.
• Analytical mindset and sound decision-making skills.
• Good organizational and time management skills.
• Ability to adapt to changing situations.
• Proficiency in SQL, R, Python, VBA, and Microsoft Office.
• Effective communication skills in English; French is an asset.

Further sections about the company, rewards, development, and onboarding are included but have been summarized here for clarity.