Actuarial Consultant - Research & Development

Wawanesa Insurance; Montreal; On-site; CAD 80,000 - 110,000; Full time

Job summary

Wawanesa Insurance is seeking an Actuarial Consultant or Senior Actuarial Analyst to join their Pricing Research and Development team in Montreal. This role focuses on enhancing pricing sophistication, mentoring staff, and using advanced actuarial methodologies. Successful candidates will possess strong analytical skills and experience in machine learning modelling.

Benefits

Committed to Diversity, Equity, Inclusion and Belonging

Opportunities for professional development

Qualifications

• Requires a Bachelor's degree in a related discipline.
• Over four years of actuarial experience preferred.
• 7 CAS exams or ACAS designation considered an asset.

Responsibilities

• Researches and analyzes complex data to improve pricing models.
• Leads projects and mentors junior staff.
• Identifies areas for process improvement and automation.

Skills

Data Manipulation

Analytical Skills

Project Management

Communication Skills

Education

Bachelor’s degree in Actuarial Science, Mathematics, or Statistics

Tools

Machine Learning Modelling

Job description

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.
• 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.
• 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

Wawanesa is proud to be one of , a in Canada and a in Canada recognizing an exceptional place to work!

Diversity Equity, Inclusion& Belonging

At Wawanesa, we are committed to Diversity, Equity, Inclusion and Belonging (DEIB) and believe that our strength lies in the diversity of our people – this is supported by having a representative workforce. We welcome applications from all qualified candidates, including racialized persons, women, Indigenous Peoples, persons with disabilities, members of the 2SLGBTQIA+ community, gender-diverse and neurodiverse individuals, and anyone who can contribute to the further diversification of thought and ideas.

We aim to ensure our recruitment process is accessible to all candidates. If you require accommodations during any stage of the recruitment process, please reach out in confidence to .

All Wawanesa job applicants are subject to Wawanesa's .

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