Actuarial Specialist

CoreFactor; Toronto; Hybrid; CAD 80,000 - 110,000; Full time

Job summary

A leading company in the insurance sector is seeking an Actuarial Specialist with extensive analytical expertise to perform critical evaluations and develop pricing strategies. This full-time position offers a hybrid work environment and seeks candidates with strong problem-solving skills and a deep understanding of insurance products. Applicants must have a Bachelor’s degree and relevant professional qualifications, with at least five years of experience.

Qualifications

• Bachelor's degree in Actuarial Science or related field required.
• Must have attained associateship in the Casualty Actuarial Society (ACAS).
• At least 5 years of relevant experience.

Responsibilities

• Conduct analysis for rate adequacy, focusing on loss and premium trends.
• Develop rating structures using multi-variate actuarial models.
• Work collaboratively on complex projects providing technical leadership.

Skills

Analytical skills

Problem-solving

Communication

Organizational skills

Actuarial knowledge

Business judgment

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics

Associateship in the Casualty Actuarial Society (ACAS)

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.)

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