Actuarial Analyst III

Meloche Monnex Inc.; Toronto; On-site; CAD 100,000 - 130,000; Full time

Benefits offered by this job

Training & development

Career growth opportunities

Competitive benefits

Job summary

TD Bank Group, a leading Canadian financial institution, seeks a Senior Actuarial Analyst to shape pricing for General Insurance products. You will supervise analysts, develop market-specific pricing, and translate data into strategies that support growth and profitability across borders.

Responsibilities include model development, rate-change documentation, regulatory interactions, and cross-functional collaboration with pricing, markets, and partners. Fluency in English and French is required.

Qualifications

• Over five years of actuarial experience in Property & Casualty.
• Bachelor's degree in actuarial sciences or related field.
• FCAS designation obtained or in progress.
• Excellent knowledge of Excel.
• Knowledge of SQL and R programming language.
• Leadership and strong aptitude for team work.
• Customer-centric behavior with proactive mindset.
• Ability to communicate effectively in English and French, verbally and in writing.
• Autonomous and perseverant; shows initiative and creativity.
• Advanced analytical and problem-solving skills.
• Thoroughness and high quality of work.

Responsibilities

• Develop pricing strategies by market and product to reach growth and profitability objectives.
• Supervise analysis performed by analysts to develop detailed pricing strategies.
• Generate ideas to accelerate profitable growth and oversee implementation.
• Prepare rate change documents and obtain regulatory approvals as required.
• Support negotiations with regulatory bodies for rate changes.
• Establish and maintain relationships with partners and stakeholders.

Skills

Actuarial experience

Leadership

Communication (English/French)

Analytical skills

Excel

Education

Bachelor's degree in actuarial sciences or related field

FCAS designation (obtained or in progress)

Tools

SQL

R programming

Job description

Work Location: Toronto, Ontario, Canada Hours: 35 Line of Business: Data & Analytics Pay Details: 100 000$/$100,000 - 130 000 $/$130,000 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. 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

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 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 on-going and future success of the company may it be 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 though 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: Pricing strategies that will create a competitive advantage; Initiatives to improve our customer segmentation in order to reach objectives, taking into consideration competitive and regulatory constraints; Identify above-average profitability customer segments for the purpose of targeted marketing efforts; Development of 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 as 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. Support and supervise analysts within the team Establish and maintain relationships with our partners and liaise with internal and external stakeholders Support our business partners for pricing related issues

Job Requirement

• Over five years of actuarial experience in Property & Casualty
• Bachelor's degree in actuarial sciences or related field
• Fellow of the Casualty Actuarial Society (FCAS) designation obtained or in the process of being awarded
• Excellent knowledge of Excel
• Knowledge of SQL and R programming language
• Leadership and strong aptitude for team work
• Ability to develop and empower top talent
• Customer-centric
• Ability to communicate effectively in French and English, both verbally and in writing, across all levels of the organization
• Ability to work effectively during demanding periods and take difficult decisions
• Autonomous and perseverant; shows initiative and creativity
• Advanced analytical and problem-solving skills
• 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. Everyday, we strive to make every interaction, product and experience remarkably human and refreshingly simple for more than four million customers who count on us.

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. If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact. We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.

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 qui ont besoin de services et de soutien dans une langue autre que le français.

Our Values

At TD we’re guided by our purpose to enrich the lives of our customers, communities and colleagues, and share a set of values that shape our culture and guide our behavior. In exchange for how our colleagues show up to help TD succeed, we are committed to delivering a colleague experience grounded in Impact, Growth and a Culture of Care. No matter where you work across TD, we empower you to make an impact at work and in your community, explore and grow your career and be part of our caring and inclusive culture.

Our Commitment to Diversity, Equity, and Inclusion

At TD, we’re committed to fostering an environment where all colleagues are encouraged to bring their authentic selves to work, experience equitable opportunities, and feel respected and supported. We’re dedicated to building an inclusive workforce that reflects the diversity of the customers and the communities in which we live and serve.

Helping to Make an Impact in Communities – TD Ready Commitment

TD has a long-standing commitment to help drive progress towards a more inclusive and sustainable future. That’s why we launched the TD Ready Commitment in 2018, now a multi-year North American initiative. Under the TD Ready Commitment, we are targeting a total of C$1 billion by 2030 in community giving across four key, interconnected drivers of change: Financial Security, Vibrant Planet, Connected Communities, and Better Health. It’s our goal to help support change, nurture progress, and contribute to making the world a better, more inclusive place for our customers, colleagues, and communities. Learn more: Canada | US | Europe & Asia Pacific