Actuarial Analyst III

TD Bank; Quebec; On-site; CAD 93,000 - 130,000; Full time

Job summary

A leading financial institution in Quebec is seeking a Senior Actuarial Analyst to develop pricing strategies for general insurance products. Reporting to the Pricing Manager, you will contribute to the overall pricing strategy, optimize customer segmentation, and ensure compliance with regulatory standards. The ideal candidate has over five years of actuarial experience and a Bachelor's degree in Actuarial Sciences. Competitive compensation and professional growth opportunities are offered.

Benefits

Health and wellbeing benefits

Career development programs

Flexible work hours

Qualifications

• Over five years of actuarial experience in Property & Casualty.
• Excellent knowledge of Excel.
• Proficiency and interest in programming, notably SQL and R.

Responsibilities

• Develop pricing strategies by market and product.
• Monitor and measure rate levels and effectiveness.
• Support negotiations with regulatory instances for approvals.

Skills

Actuarial experience in Property & Casualty

Excellent knowledge of Excel

Proficiency in SQL and R

Predictive modeling

Leadership

Analytical skills

Customer-centric mindset

Education

Bachelor’s degree in Actuarial Sciences or related field

FCAS designation or in process

Job description

Work Location : Montréal Quebec Canada

Hours : 35

Line of Business : Data & Analytics

Pay Details :
93 100 $ / $93100 - 130 000 $ / $130000 CAD

The pay details posted reflect a temporary market premium specific to this role that is reassessed annually.

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

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’s authorized products and services are available online, over the phone and through a network of more than 1000 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 and accessible environment. With a Canada-wide workforce of over 4000 employees and offices in Atlantic Canada, Quebec, Ontario and Alberta, our company is always growing and can help you 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.

Senior Actuarial Analyst – GI Pricing

GI Pricing oversees the overall pricing strategy of general insurance products that aligns with TD Insurance’s business objectives and complies 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 Senior Actuarial Analyst plays a key role in the end‑to‑end development of pricing strategies and rate changes. The Senior Analyst contributes to the ongoing and future success of the company through the establishment of pricing strategies for all products and all insurers for a given region, the development of models, methodologies and tools, the monitoring and measurement of rate levels and effectiveness through rate‑indication activities and/or the execution of planned pricing and business initiatives utilizing best governance practices.

Responsibilities

• Develop pricing strategies by market and product to reach growth and profitability objectives.
• Supervise analysis performed by analysts to develop detailed pricing strategies for each market and product based on actual claim experience and the organization’s competitive positioning.
• Generate ideas in the development of strategies to accelerate profitable growth and supervise and execute their implementation.
• Optimize our cession strategies to the Risk Sharing Pools.
• Create pricing strategies that will create a competitive advantage.
• Initiate improvements to customer segmentation to reach objectives, taking into consideration competitive and regulatory constraints.
• Identify above‑average profitability customer segments for the purpose of targeted marketing efforts.
• Develop models for evaluation and measurement of customers’ price elasticity and behaviors.
• Provide support to obtain necessary approvals from regulatory boards.
• Prepare rate‑change documents according to mandated standards required by rating boards for pricing changes.
• Answer questions received from regulators during the revision process.
• Support negotiations with regulatory instances to obtain rate‑change approvals.
• Implement and uphold best practices and controls to mitigate risk, and apply and update existing processes, policies and procedures.
• Support the implementation of approved rate changes.
• Ensure that appropriate measures are in place to confirm the accurate pricing of all issued policies (compliance and reputational risks).
• Support and supervise analysts within the team.
• Establish and maintain relationships with partners and liaise with internal and external stakeholders.
• Support business partners with pricing‑related issues.

Job Requirements

• Over five years of actuarial experience in Property & Casualty.
• Bachelor’s degree in Actuarial Sciences or a related field.
• Fellow of the Casualty Actuarial Society (FCAS) designation obtained or in the process of being awarded.
• Excellent knowledge of Excel.
• Proficiency and interest in programming, notably SQL and R.
• Predictive modeling experience is a large asset.
• Leadership and strong aptitude for teamwork.
• Ability to develop and empower top talent.
• Customer‑centric mindset.
• Ability to communicate effectively in English, both verbally and in writing; French is an asset.
• Ability to work effectively during demanding periods and make difficult decisions.
• Autonomous and perseverant; demonstrates initiative and creativity.
• Advanced analytical and problem‑solving skills.
• Recognized for thoroughness and the quality of work.

Who We Are

As part of TD Bank Group, one of Canada’s largest financial institutions, TD Insurance cares for Canadian families by making it easy to get the best advice, protection and support in 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 wellbeing benefits, savings and retirement programmes, paid time off, banking benefits and discounts, career development and reward and recognition programmes. Learn more.

Additional Information

We are delighted that you are considering building a career with TD. Through regular development conversations, training programmes and a competitive benefits plan we are 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 and requirements.

Colleague Development

If you are interested in a specific career path or are looking to build certain skills, we want to help you succeed. You will 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 have everything you need to succeed in your new role.

Interview Process

We will 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!