Actuarial Consultant

Co-operators; Toronto; Hybrid; CAD 84,000 - 140,000; Full time

Benefits offered by this job

Training & development

Flexible work options

Well-being programs

Volunteer days

Total rewards package

Job summary

CGIC in Ontario is seeking an Actuarial Consultant to lead pricing initiatives for the National Recreational auto portfolio. You will collaborate with business partners to understand needs and deliver analytical solutions that drive profitability.

The role requires a post-secondary degree in Mathematics or Actuarial Science, at least 5 years of P&C actuarial experience, and proficiency with SQL, SAS, R or Python. ACAS/FCAS or ACIA/FCIA is an asset; hybrid work with two days in office.

Qualifications

• Post-secondary degree in Mathematics, Actuarial Science or related discipline.
• Minimum 5 years of relevant experience in property and casualty actuarial work.
• Advanced knowledge of modeling software and programming languages (SQL, SAS, R and/or Python).
• Strong knowledge of P&C insurance products, trends and actuarial best practices.
• ACAS/FCAS or ACIA/FCIA designation is an asset.

Responsibilities

• Lead pricing initiatives and collaborate with business partners to understand needs.
• Deliver complex projects to ensure profitability of the National Recreational auto pricing portfolio.
• Develop rate change projects and advanced analytical models.
• Work with data sources and programming languages to support strategic objectives.
• Coach and mentor team members to foster collaboration and innovation.

Skills

Analytical thinking

Communication skills

Problem solving

Team mentorship

Education

Bachelor's or higher in Mathematics or Actuarial Science

Tools

SQL

SAS

R

Python

Job description

Company: CGIC

Department: Home & Auto Pricing

Employment Type: Regular Full-Time

Work Model: Hybrid (2 days in office)

Language: English is required, French is an asset.

Additional Information: This/these role(s) is/are currently vacant

The Opportunity

We are a leading Canadian financial services co-operative committed to being a catalyst for a sustainable and resilient society and our team is essential to deliver on this strategy. That’s why we prioritize our people, to ensure we provide a strong culture and development opportunities which enables our team to thrive and to live our purpose. The best part is that you will work with people that care passionately about you, our clients and our communities.

As an Actuarial Consultant, you will lead pricing initiatives and collaborate with business partners to understand their needs. You will lead complex projects to deliver unique solutions to ensure the profitability of our National Recreational auto pricing portfolio.

How You Will Create Impact

• Developing rate change projects (rate level or segmentation) and various advanced analytical models aligned with corporate strategies.
• Working efficiently with advanced modeling softwares, various data sources and programming languages to contribute to strategic objectives.
• Analyzing the needs of business partners to identify innovative solutions for complex challenges and clearly articulating actuarial concepts to key stakeholders.
• Coaching and mentoring team members to facilitate their development and fostering a team environment focused on collaboration and innovation.
• Leading and executing medium to large sized projects by defining a project plan, promoting team involvement and increasing efficiency as a team.

To Join Our Team

• You have completed a post-secondary degree in Mathematics, Actuarial Science or a related discipline.
• You have a minimum of 5 years of relevant experience in the property and casualty actuarial field.
• You have advanced knowledge of modeling softwares and programming languages (SQL, SAS, R and/or Python).
• You have strong knowledge of P&C insurance products, emerging trends and best practices in the actuarial landscape.
• Having or working towards the ACAS/FCAS or ACIA/FCIA designation(s) is an asset.

How You Will Succeed

• You have an innovative mindset to improve operational efficiencies and ability to influence change, with a primary focus on client needs.
• You use critical thinking skills to recognize assumptions, evaluate arguments, draw conclusions and proactively propose solutions.
• You have strong communication skills to clearly convey messages and explore diverse points of view.
• You build trusting relationships and provide guidance to support the development of colleagues.

What You Need To Know

• You will be subject to a Background check as a condition of employment, in the event you are the successful candidate.

What’s in it for you?

• Training and development opportunities to grow your career.
• Flexible work options and paid time off to support your personal and family needs.
• A holistic approach to your well-being, with physical and mental health programs and a supportive workplace culture.
• Paid volunteer days to give back to your community.
• In addition to our competitive salary and incentive programs, eligible employees also benefit from a comprehensive total rewards package including group retirement savings plans, pension and benefits (e.g., health and wellness, dental, disability and life coverage), mental health support and an employee assistance program.

Salary information

Expected salary range $83,744 - $139,623 (min-max, full range).

Salary placement

The salary amount for the successful candidate is determined by Co-operators in its discretion and will vary depending on several criteria including but not limited to: local market conditions, geography and relevant job-related factors such as knowledge, skills, qualification, experience and education.

Incentive/Variable pay

Employees may also have the opportunity to participate in incentive programs and earn additional compensation tied to individual and/or business performance, or other business metrics.