Actuarial Specialist

CoreFactor; Toronto; Hybrid; CAD 80,000 - 120,000; Full time

Job summary

CoreFactor is seeking an Actuarial Specialist for a client in the Greater Toronto Area. This full-time, permanent role involves analysis of insurance rates, development of actuarial models, and collaboration with management to enhance business performance. The ideal candidate will have a strong background in actuarial science, excellent communication skills, and a results-driven mindset.

Qualifications

• Minimum 5 years of relevant full-time experience.
• Associateship in the Casualty Actuarial Society (ACAS) required.
• Solid knowledge of insurance products and pricing methodologies.

Responsibilities

• Analyze rate adequacy and loss trends.
• Develop rating structures using multi-variate models.
• Provide technical leadership on actuarial issues.

Skills

Communication

Analytical skills

Problem-solving

Organizational skills

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics

Tools

Excel

VBA

SQL

Job description

CoreFactor is searching for an Actuarial Specialist for a client in the GTA.

This is a full-time/permanent role with a hybrid work environment, requiring the successful incumbent to go into the office 3 days per week.

This role can be located out of the clients Toronto, Kitchener/Waterloo or Montreal office.

Overview:

Responsibilities include analysis pertaining to rate adequacy, including analysis of loss and premium trends, development of rating structures using mutli-variate actuarial models and research and development of emerging technologies. Support is provided to product development in personal insurance.

The Role

• Work collaboratively with management to expand and build on project plans for complex projects and provide technical leadership on emerging actuarial issues.
  
• Combine creative actuarial knowledge with sound business judgment in developing sophisticated models that assist the company in meeting growth and profitability targets.
  
• Communicate actuarial concepts and be persuasive in providing recommendations to internal and external stakeholders.
  
• Recommend new approaches to analysis related to measuring, tracking and monitoring company and industry performance.
  
• Identify opportunities for process efficiencies across business areas.
  
• Perform peer reviews on the technical and qualitative analysis of peers.
  
  
  

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field
  
• At a minimum, must have attained associateship in the Casualty Actuarial Society (ACAS)
  
• At least 5 years of relevant full time experience with a preference for individuals who have experience across a range of actuarial disciplines.
  
• Must have excellent communication and organizational skills.
  
• Excellent analytical and problem-solving skills
  
• Solid knowledge of insurance products, pricing methodologies, and industry best practices
  
• Ability to work independently and collaborate with cross-functional teams
  
• Results-driven mindset with a focus on driving business performance
  
• Proficiency in actuarial software and programming languages (Excel, VBA, SQL, etc.)