Actuarial Consultant - Research & Development

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

Job summary

A leading insurance company in Brampton seeks an Actuarial Consultant or Senior Actuarial Analyst to join their Pricing Research and Development team. The ideal candidate will enhance pricing sophistication, mentor staff, and manage complex data analysis. The role offers a competitive salary range of $95,000-$140,000, alongside a hybrid work environment and comprehensive benefits package.

Benefits

Annual bonus plan

Generous vacation time

Premium free benefits

Pension plan

Qualifications

• More than four years of actuarial experience preferred.
• Experience with machine learning modelling is an asset.
• Advanced written and verbal communication skills needed.

Responsibilities

• Researches and extracts complex data for analysis.
• Leads projects from initiation to implementation.
• Mentors and develops actuarial analysts.

Skills

Analytical skills

Machine learning modelling

Communication skills

Project management

Mentorship

Education

Bachelor’s degree in Actuarial Science or related discipline

Tools

Statistical software

Database systems

Job description

Job ID: 9333

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; Vancouver, BC; Calgary, AB; Edmonton, AB; Toronto, ON; Kitchener, 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

Wawanesa is looking for an exceptional candidate to take on the role of Actuarial Consultant or Senior Actuarial Analyst in our expanding Pricing Research and Development team. As a member of Pricing R&D, your focus will be on improving our pricing sophistication through enhancement of loss cost models, collaborating closely with pricing leaders in leveraging the models to optimize rate changes for our members. You will function as an expert in actuarial methodologies and mentor actuarial staff in the understanding and use of these methods.

Note: we are open to hiring at the Sr Actuarial Analyst, Actuarial Consultant or Sr Actuarial Consultant level

Job Responsibilities

• 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 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.

Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or other related discipline.
• More than four years of actuarial experience an asset.
• 7 CAS exams or ACAS designation an asset.
• Experience with machine learning modelling or other pricing modelling methods and software.
• Ability to translate problem solving methods and ideas to various computer languages efficiently and effectively.
• Ability to apply knowledge of actuarial science, mathematics, probability, statistics, principles of finance and business to problems in insurance.
• Understanding of database systems and how to interpret/extract data from those systems.
• Advanced written and verbal communication skills with ability to communicate at the right level of complexity for the audience.
• Ability to develop timelines for projects and handling multiple concurrent assignments in a timely manner while proactively keeping leader informed of progress.
• Works efficiently and cooperatively in a team environment and involve others when appropriate.
• Ability to ask effective questions to elicit detailed and relevant information

We are proud to be recognized as Manitoba’s Top Employers, Kincentric Best Employer in Canada, and Forbes Best Employer in Canada recognizing an exceptional place to work.

Diversity, Equity, Inclusion & Belonging (DEIB): We are committed to DEIB and believe that our strength lies in the diversity of our people. We welcome applications from all qualified candidates and encourage anyone who can contribute to the diversification of thought and ideas to apply.

We aim to ensure our recruitment process is accessible. If you require accommodations during any stage of the recruitment process, please reach out to [e-mail].

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