Actuarial Consultant - Research & Development

Wawanesa Insurance; Montreal; Hybrid; CAD 70,000 - 90,000; Full time

Job summary

A leading Canadian insurance company is seeking an Actuarial Consultant or Senior Actuarial Analyst to enhance pricing models and mentor actuarial staff. The ideal candidate will have a Bachelor's degree in a relevant field, strong analytical skills, and experience in machine learning modeling. This role offers the opportunity to engage in professional development and contribute to a diverse workplace.

Benefits

Commitment to diversity and inclusion

Professional development opportunities

Work-life balance initiatives

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field.
• More than four years of actuarial experience is advantageous.
• Experience with machine learning modeling or other pricing modeling methods and software.
• Proficiency in translating problem-solving methods into programming languages.
• Excellent written and verbal communication skills.

Responsibilities

• Research, extract, and manipulate complex data from relevant sources.
• Evaluate existing processes to identify areas for increased efficiency.
• Lead projects from initiation to implementation, including training.
• Contribute to the mentorship and development of actuarial analysts.

Skills

Actuarial methodologies

Data analysis

Problem-solving

Project management

Teamwork

Communication skills

Education

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

Tools

Machine learning modeling

Programming languages

Database systems

Job description

Job Overview

Wawanesa is seeking an exceptional candidate for the role of Actuarial Consultant or Senior Actuarial Analyst within our expanding Pricing Research and Development team. As a member of Pricing R&D, your focus will be on enhancing our pricing models by improving loss cost models and collaborating with pricing leaders to optimize rate adjustments for our members. You will serve as an expert in actuarial methodologies and mentor actuarial staff in applying these methods.

Note: We are open to hiring at the Senior Actuarial Analyst, Actuarial Consultant, or Senior Actuarial Consultant level.

Job Responsibilities

Analytical

• Research, extract, and manipulate complex data from relevant sources, and assess data quality.
• Support the business and team by performing analyses, reviews, and completing ad-hoc requests or special projects promptly with minimal support.
• Evaluate procedures and processes, recommending improvements or alternatives.

Process Improvement / Efficiency

• Evaluate existing processes to identify areas for increased efficiency.
• Identify opportunities for automation of routine tasks and implement advanced techniques responsibly.
• Develop innovative problem-solving approaches and assess their impacts with minimal guidance.

Industry

• Identify emerging industry trends and analyze their potential impact on Wawanesa.
• Represent Wawanesa at external events, including universities, actuarial clubs, industry organizations, and charitable causes.

Commitment to Learning

• Engage in professional development and continuous learning to enhance technical skills and cross-functional knowledge.
• Focus on acquiring new knowledge and skills to address existing gaps within the team.

Stakeholder Management

• Provide regular updates to stakeholders, anticipate obstacles, and communicate proactively.

Project Management

• Lead projects from initiation to implementation, including training and documentation as needed.

Mentorship

• Contribute actively to the mentorship and development of actuarial analysts.

Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or related field.
• More than four years of actuarial experience is advantageous.
• 7 CAS exams or ACAS designation is advantageous.
• Experience with machine learning modeling or other pricing modeling methods and software.
• Proficiency in translating problem-solving methods into various programming languages.
• Knowledge of actuarial science, mathematics, probability, statistics, finance, and business principles as applied to insurance.
• Understanding of database systems and data extraction techniques.
• Excellent written and verbal communication skills, tailored to the audience.
• Ability to manage multiple projects and communicate progress proactively.
• Effective teamwork skills and the ability to involve others appropriately.
• Ability to ask insightful questions to gather relevant information.

Wawanesa is proud to be recognized as a great place to work in Canada!

Diversity, Equity, Inclusion & Belonging

We are committed to fostering a diverse, equitable, inclusive, and belonging-focused workplace. 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 others who can contribute to our diversity of thought and ideas.

We strive to make our recruitment process accessible. If you need accommodations during any stage, please contact us confidentially.

All applicants are subject to Wawanesa's employment policies.