Actuarial Consultant, Affinity for Toronto / Montreal

WTW; Toronto; On-site; CAD 125,000 - 150,000; Full time

Job summary

An established industry player is seeking a Consultant Actuarial to join their innovative team. This role involves consulting with clients on personal insurance products, utilizing actuarial analyses to craft effective messaging. The ideal candidate will have over five years of experience in the actuarial field, particularly in property and casualty consulting. You'll engage in diverse projects, from pricing analysis to strategic client support, all while working in a hybrid environment. Join a forward-thinking practice dedicated to optimizing insurance solutions and challenging the market status quo, where your contributions will make a real impact.

Qualifications

• 5+ years of actuarial experience focusing on property & casualty consulting.
• Strong problem-solving skills and ability to communicate complex ideas simply.

Responsibilities

• Provide consulting and actuarial support to clients, including pricing and loss reserving analysis.
• Collaborate with teams to enhance client strategies and deliverables.

Skills

Problem solving

Critical thinking

Communication

Teamwork

Time management

Education

Associate of a recognized actuarial professional association

Bachelor's degree in a related field

Tools

Microsoft Excel

Microsoft Word

Microsoft PowerPoint

R programming

PowerBI

Power Automate

ResQ

Radar

Emblem

Job description

Consultant Actuarial, Affinity

We are seeking an aspiring actuary who can consult with our clients by translating complex concepts and actuarial analyses into concise, effective messaging. The ideal candidate will be familiar with and have experience in personal insurance products including travel insurance, embedded credit card insurance, personal home & auto insurance, and life and health insurance solutions.

We are a unique practice in the Canadian marketplace that focuses on the development of new insurance solutions, and optimization of existing insurance solutions for Affinity program sponsors. These programs are targeted at large customer or membership bases of clients whose core business is not always insurance (e.g. banks and other financial institutions, retailers, associations, hospitality providers and others).Solutions are positioned to be complementary to the core services or product offerings of these Affinity organizations and the associated strategies that they employ to achieve key objectives of customer/member engagement, optimized customer experience, and revenue and business growth. Through our work, we are constantly challenging the market status quo.

Our work primarily relates to lines of business where property & casualty pricing and reserving are necessary foundational elements of our analysis; however, experience in life and health insurance offers incremental added value to certain support activities of our practice. You will also be integrated into a broader team of Affinity consulting professionals where foundational elements of client strategy, customer engagement and operations are complemented by core analytics delivered through the actuarial component of our practice.

You will be on the front lines of insurance strategy development, product development / enhancement, new business development, and exposed to a variety of lines of insurance business, clients, and unique solutions supporting an ever-evolving marketplace. The role is currently on a hybrid workstyle.

The Role

• Consulting, actuarial and analytics support to clients
• Pricing and loss reserving analysis, analysis of excess surplus or profit-sharing arrangements, financial forecasting and scenario modeling, claims analyses, dashboard reporting, industry benchmarking, and other ad hoc analysis
• Support to senior consulting staff on consulting mandates, including production of reports, presentations, summary analyses, client communications, etc.
• Analysis and recommendations related to client strategy assessments
• Client-facing support on both technical and strategic issues
• Collaborate with non-actuarial subject matter experts, such as product and strategy consultants and research analysts, to support broader insights into client issues alongside core actuarial insights
• Project management and oversight of day-to-day client deliverables
• Identify and implement process and efficiency improvements
• Coach and support the development of junior actuarial resources

Qualifications

The Requirements

• More than 5 years of working experience in the actuarial field, with a preferred focus on property & casualty actuarial consulting
• An Associate or "near-Associate" of a recognized actuarial professional association with a preferred focus on attaining Fellowship through property & casualty actuarial exams
• Problem solving, critical thinking and ability to apply technical assets to solve complex business problems
• Experience with standard actuarial pricing and/or reserving techniques
• Ability to communicate results in layman’s terms, both orally and written
• Applies a high standard of quality control
• Works well in teams and seeks assistance / support as appropriate
• Demonstrates strong listening skills
• Exhibits positive attitude and demonstrates integrity in all interactions
• Strong work ethic, including ability to show initiative, manage multiple priorities, honor timely client commitments and manage time efficiently and effectively
• Skilled in using the Microsoft suite, most particularly with Excel, Word and PowerPoint
• Experience with manipulating and summarizing data using "R" or similar programming languages

Other Valuable Candidate Assets

• Fluency in French
• Experience with using Power Platform tools such as illustrating information on PowerBI and automating workflows on Power Automate
• Experience with reserving and pricing tools like ResQ, Radar, Emblem
• Past consulting and/or Affinity experience

Equal Opportunity Employer