Actuarial Manager, PI Auto Pricing

Aviva Canada; Markham; Hybrid; CAD 90,000 - 120,000; Full time

Job summary

A leading insurance firm is seeking an Actuarial Manager in Markham to lead pricing initiatives for personal insurance auto products. The ideal candidate will have a strong background in actuarial science with proven leadership and analytical skills. Responsibilities include managing a team, directing pricing strategies, and collaborating with regional teams. Competitive benefits, career development opportunities, and a flexible work model are offered.

Benefits

Compelling rewards package including base compensation and bonuses

Career development opportunities

Competitive vacation package

Diversity and inclusion programs

Wellness programs

Qualifications

• 5+ years of personal insurance pricing experience or 7+ years of P&C actuarial experience.
• Effective negotiation skills and ability to influence.
• Strong verbal and written communication skills.

Responsibilities

• Lead actuarial pricing initiatives for West personal insurance auto portfolio.
• Accountable for overall performance of the Actuarial Pricing team.
• Collaborate with other regional teams on pricing strategy.

Skills

Leadership skills

Problem-solving skills

Analytical skills

Negotiation skills

Communication skills

Education

Bachelor’s degree in actuarial science, Math, Statistics, or related fields

ACAS / ACIA or FCAS / FCIA (preferred)

Tools

Python

Job description

Overview

Actuarial Manager, PI Auto Pricing role at Aviva Canada. Reporting to the AVP, you will lead actuarial pricing initiatives for the West personal insurance auto portfolio. You will bring a deep understanding of business needs and regulatory requirements, provide actuarial expertise in product design, corporate planning, and underwriting / segmentation analysis, and partner across functions to develop data-driven pricing solutions. You will lead an actuarial team to drive pricing innovation and ensure smooth implementation of rating plans and algorithm changes. Your insights will influence key decisions and help shape Aviva Canada's pricing strategy in a fast-paced environment.

Come join our team!

Responsibilities

• Accountable for the overall performance and people management of an Actuarial Street Pricing team.
• Directly responsible for actuarial methods and assumptions used as well as the overall pricing of West auto personal insurance.
• Lead and support rate reviews for personal insurance auto products. Proactively monitor trends, mix of business, and changes in operational practices that affect personal insurance performance. Effectively communicate the results of the rate reviews to all collaborators and get consensus on rate proposals.
• Improve effectiveness and accuracy in existing processes and procedures. Be forward-thinking and adapt models and techniques to business, product and data structure changes.
• Collaborate with other regional teams to ensure that decisions fit within the overall pricing strategy.
• Coach junior staff members to develop their technical and personal skills. Act as a role model for Aviva values and inspire others to follow them.
• Obtain a deep understanding of the assigned book of business and the Canadian business in general, to explain key factors underlying the emerging experience and provide strategic insights to collaborators.

Qualifications

• Bachelor’s degree in actuarial science, Math, Statistics, or related fields.
• Minimum ACAS / ACIA, FCAS / FCIA is preferred.
• 5+ years of personal insurance pricing experience or 7+ years of P&C actuarial experience.
• Strong leadership skills and the ability to mentor and develop a team.
• Proven ability to manage and complete projects with ability to multitask and prioritize.
• Strong problem-solving and analytical skills with the ability to probe, validate and challenge to ensure accurate insights.
• Entrepreneurial and motivated mindset with ability to translate business requirements into actuarial analysis.
• Effective negotiation skills with the ability to build consensus and influence.
• Excellent working knowledge of regulatory filings.
• Strong verbal and written communication skills to explain technical concepts to non-technical audiences.
• Hands-on as well as managerial experience in scripting/coding, including Python.
• Previous management and leadership experience is an asset.

Benefits

• Compelling rewards package including base compensation, eligibility for annual bonus, retirement savings, share plan, health benefits, personal wellness, and volunteer opportunities.
• Outstanding career development opportunities and support for professional development.
• Competitive vacation package with the option to purchase extra days.
• Employee programs focused on diversity and inclusion.
• Corporate wellness programs to support physical and mental health.
• Hybrid flexible work model.

Please note that we may use AI tools to assist in the recruitment process. This is a new position posted both internally and externally. Aviva Canada is committed to an accommodation process for employees with disabilities; contact your Talent Acquisition Partner to arrange accommodations as needed.