Actuarial Analyst II

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

Job summary

TD is looking for an Actuarial Analyst II to join their Data & Analytics team in Toronto. Ideal candidates will have a strong background in actuarial sciences with hands-on experience in pricing strategies and analytical skills. This position offers competitive compensation and ample opportunities for professional growth in a collaborative environment.

Benefits

Growth opportunities

Skill development programs

Comprehensive health benefits

Variable compensation

Qualifications

• Three to five years of actuarial experience in Property & Casualty.
• ACAS near completion or at least six Casualty Actuarial Society professional exams.
• Predictive modeling is a large asset.

Responsibilities

• Determine rating level and classification criteria for growth and profitability.
• Develop pricing strategies aligned with business plans.
• Liaise with internal and external partners on pricing issues.

Skills

Analytical skills

Problem solving

Client-focused

Teamwork

Excellent knowledge of Excel

Programming (SAS, VBA, R, Python)

Education

Bachelor degree in Actuarial Sciences or related field

Job description

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Work Location:

Toronto, Ontario, Canada

Hours:

35

Line Of Business:

Data & Analytics

Pay Details:

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

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description:

Additional 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.

In Canada, we have two lines of business, General Insurance and Life and Health. Our General Insurance business is one of the top home and auto insurance groups in Canada and the national leader in group insurance and affinity marketing. Our Life and Health business is the number one provider of critical illness insurance and direct life and health insurance in Canada.

At TD Insurance, we are committed to fostering an inclusive, accessible environment. With a Canada-wide workforce of over 4,000 employees and offices in Atlantic Canada, Quebec, Ontario and Alberta, our company is always growing and can help you to grow. TD Insurance offers a stable and dynamic work environment where talent is appreciated and professional development is taken seriously. More than just a job, we offer rewarding careers.

Job Description

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 plays a key role in the end-to-end execution of pricing strategies and rate changes. The Analyst contributes to the on-going and future success of the company may it be through the establishment of pricing strategies for all products and insurers for a given region, the development of models, methodologies and tools, the monitoring and measurement of 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;
• Develop pricing strategies aligned to GI Product business plans and Affinity Market Group objectives;
• Work with rating algorithms, factors, classification inputs and associated processes necessary to analyze, monitor, propose change, and implement changes to our pricing systems;
• Partake in the preparation and execution of regulatory rate change submissions;
• Liaise with internal and external partners and stakeholders and contribute to building and maintaining those relationships;
• Support our business partners for pricing related issues;
• Support junior team members;
• Contribute to the team’s innovation culture to allow to further enhance pricing capabilities and better support business objectives
  
  

Job Requirements

• Three to five years of actuarial experience in Property & Casualty
• Bachelor degree in Actuarial Sciences or related field
• ACAS near completion or at least six Casualty Actuarial Society professional exams (preferred)
• Excellent knowledge of Excel
• Proficiency and interest for programming, notably SAS, VBA, R, Python
• Predictive modeling is a large asset
• Advanced analytical, decision-making and problem solving skills
• Client-focused and aptitude for teamwork with solid organizational and communications skills
• Autonomous and perseverant; shows initiative and creativity in their work
• Recognized for their thoroughness and the quality of their work
  
  

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. Learn more

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):

Maîtrise d’une langue autre que le français pour offrir du soutien ou traiter avec des employés ou des collègues qui ont besoin de services et de soutien dans une langue autre que le français.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Banking

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