Actuarial Consultant - Insurance Risk Management

Wawanesa Insurance; Calgary; Hybrid; CAD 95,000 - 140,000; Full time

Job summary

A mutual insurance company in Canada is hiring for an Actuarial Consultant to analyze risks in insurance and contribute to strategic initiatives. The ideal candidate has a bachelor's in Actuarial Science, SQL/R/Python knowledge, and extensive actuarial experience. This role offers a hybrid work environment and competitive salary ranging from $95,000 to $140,000.

Benefits

Annual bonus plan

Generous vacation time

Premium free benefits

Pension plan

Qualifications

• More than four years of actuarial experience an asset.
• 7 CAS exams or ACAS designation an asset.
• Experience in pricing, reserving, or building actuarial models an asset.

Responsibilities

• Contributes to accurate and timely measurement, monitoring and reporting of risks.
• Performs independent rate indications and pricing segmentation.
• Researches, extracts, and manipulates complex data from relevant sources.
• Leads projects from beginning to end.

Skills

SQL

R

Python

Education

Bachelor’s degree in Actuarial Science or related discipline

Job description

Job ID: 9485

Working Business Language : English (This role is considered a head-office role and will be required to communicate with internal stakeholders across Canada where the primary business language utilized is English.)

Salary: At Wawanesa, salary is only one component of a holistic, comprehensive and competitive offering that we provide to our employees. In addition to salary, full-time and part-time permanent employees are eligible for an annual bonus plan, leave of absence top-up programs and provided with generous vacation time, personal days, premium free benefits and pension plan.

The salary offered for this role is determined with consideration to various factors, including but not limited to: your work location, local labour market conditions, external market salary data, internal pay equity and the knowledge, skills, experience and anticipated proficiency in the role. The salary offered is estimated to be within the following range: $95,000 - $140,000. Candidates with salary expectations outside of the range are still encouraged to apply.

About Us

At Wawanesa, we’re proud to offer a hybrid work environment that offers flexibility to our employees in balancing in-office (2 days per week OR 15 hours per week in a Wawanesa office) and remote work. You may work from any of the following locations: Winnipeg, MB; Wawanesa, MB; Vancouver, BC; Calgary, AB; Edmonton, AB; Lethbridge, AB; Toronto, ON; Kitchener, ON; Thunder Bay, ON; Ottawa, ON; Montreal, QC; Moncton, NB; Dartmouth; NS.

The Wawanesa Mutual Insurance Company (“Wawanesa Mutual”), founded in 1896, is one of Canada’s largest mutual insurers, with over $3.5 billion in annual revenue and assets of $10 billion (CAD). Wawanesa Mutual, with its National Headquarters in Winnipeg, is the parent company of Wawanesa Life, which provides life insurance products and services throughout Canada, and Western Financial Group, which distributes personal and business insurance across Canada. Wawanesa proudly serves more than 1.7 million members in Canada, and we are home to more than 3,600 employees distributed across the Canadian regions and communities where we operate. We give back to organizations that strengthen communities, donating more than $3.5 million annually to charitable organizations, including over $2 million annually in support of people on the front lines of climate change. To learn more visit wawanesa.com.

We are currently looking for dedicated, driven, and enthusiastic individuals who thrive in an environment that welcomes change and are looking for an opportunity for diverse experience and advancement on a growing team.

Job Overview

Working with a high degree of autonomy, the Actuarial Consultant of Insurance Risk Management contributes to accurate and timely measurement, monitoring and reporting of pricing and underwriting, reserving, catastrophe and reinsurance risks. The successful candidate will have a unique opportunity to utilize their strong technical skillset and build business acumen to inform strategic initiatives, business processes and regulatory requirements. The candidate will apply their knowledge to a broad range of actuarial analysis on emerging and ongoing risks across the organization.

This role is open to candidates at the Actuarial Consultant and Senior Actuarial Consultant levels.

Job Responsibilities

• Insurance risk is defined as the risk of loss resulting from pricing and underwriting, reserving, catastrophic and reinsurance risks.
• Provides oversight and challenge to the effectiveness and consistency of enterprise-wide insurance risk and actuarial practices via quarterly independent actuarial reviews.
• Performs independent rate indications, pricing segmentation and line of business performance analysis, reserving valuations of major business lines, assessing long term climate impact on insurance risk.
• Supports the review of key insurance risk models to minimize model risk, including actuarial pricing, budget and forecasting, and reinsurance catastrophe models.

Analytical

• Researches, extracts, and manipulates complex data from relevant sources, and assesses data quality
• Supports the business and overall team by performing analyses/reviews and completing ad-hoc requests/special projects in a timely manner with minimal support from peers and leaders
• Evaluates procedures and processes, and recommend alternatives or improvements

Process Improvement/Efficiency

• Evaluates existing processes to find areas for increased efficiency
• Identifies opportunities for automation of routine tasks and implementation of advanced techniques while ensuring ethical and responsible application of solutions
• Develops new approaches to problem solving and assess impacts of solution options with minimal support from leaders

Industry

• Identifies emerging industry trends and analyzes the impact they will have on Wawanesa
• Encouraged to represent Wawanesa at external events that may include universities, actuarial clubs, industry organizations, and charitable causes

Commitment to Learning

• Commits to professional development and continuous experiential learning to build cross-functional knowledge, technical skills, and mastery in competencies
• Focuses learning activities on bringing new knowledge and skills to team in order to address any existing gaps

Stakeholder Management

• Provides regular project updates to stakeholders. Anticipates obstacles and raises them in advance.

Project Management

• Leads projects from beginning to end. Includes implementation of final product. May include training and documentation of the project.

Mentorship

• Actively contributes to the mentorship, training and development of actuarial analysts.

Coaching & Developing Others

• Provides feedback, instruction, and development guidance to help others excel in their current or future job responsibilities.

Leadership

• Builds trust and credibility with peers. Develops strong working relationships across teams.

Qualifications

• Bachelor’s degree in Actuarial Science or other related discipline
• More than four years of actuarial experience an asset
• 7 CAS exams or ACAS designation an asset
• Working programming knowledge of SQL, R and Python an asset
• Experience in pricing, reserving or building actuarial models an asset

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