Actuarial Consultant - Auto pricing

Co-operators; Toronto; Hybrid; CAD 70,000 - 110,000; Full time

Job summary

An established industry player is seeking an Actuarial Consultant to lead innovative auto pricing initiatives. This role involves collaborating with business partners, developing advanced analytical models, and negotiating with regulators. The ideal candidate will possess strong analytical skills and a post-secondary degree in Mathematics or Actuarial Science, along with advanced knowledge of programming languages like SQL, SAS, R, and Python. The company offers flexible work options, a comprehensive benefits package, and a supportive workplace culture, making it an exciting opportunity for those looking to make a significant impact in the actuarial field.

Benefits

Training and development opportunities

Flexible work options

Paid time off

Holistic well-being programs

Paid volunteer days

Comprehensive total rewards package

Qualifications

• 5+ years of experience in property and casualty actuarial field.
• Advanced knowledge of modeling software and programming languages.

Responsibilities

• Lead auto pricing initiatives and collaborate with business partners.
• Develop advanced analytical models and prepare rate filings.

Skills

Analytical Skills

Communication Skills

Critical Thinking

Project Management

Education

Post-secondary degree in Mathematics

Actuarial Science

Tools

SQL

SAS

R

Python

Earnix

Job description

Company: CGIC
Department: Auto & Home Pricing
Employment Type: Regular Full-Time
Work Model: Hybrid
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 who care passionately about you, our clients, and our communities.

Our P&C Pricing and Segmentation team is considered an industry leader in the application of actuarial science. Our diverse, skilled team is action-oriented and strives to proactively deliver effective solutions and results. Our success is enhanced by forming strategic partnerships and continuously surpassing the industry in the advancement of science and analytics.

As an Actuarial Consultant, you will lead auto 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 auto portfolio.

How you will create impact:

• Developing rate change projects (rate level or segmentation) and various advanced analytical models aligned with corporate strategies.
• Preparing of rate filings and negotiating with regulators to support proposed changes.
• 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.

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.

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 CAS or CIA fellow or associate designations is an asset.
• Having experience with Earnix is an asset.
• This position primarily works with majority non-francophone groups, and teams located outside of Québec, and requires proficiency in English. The essential non-French duties are not assignable to adjacent or other team members.

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.