Actuary, Canada

XL CATLIN; Toronto; On-site; CAD 80,000 - 120,000; Full time

Job summary

An established industry player is seeking an experienced actuary to lead pricing strategies for their Canadian operations. This role involves ensuring market-leading pricing and portfolio management capabilities, engaging with underwriting teams, and utilizing advanced analytics to drive business performance. The ideal candidate will possess extensive experience in non-life insurance pricing, strong leadership skills, and the ability to communicate effectively with internal and external stakeholders. Join a dynamic team committed to innovation and excellence in the insurance sector, where your expertise will help shape the future of risk management.

Qualifications

• Extensive experience in non-life insurance pricing is essential.
• Leadership skills to manage a team of actuaries across locations.

Responsibilities

• Ensure technical pricing and portfolio management capabilities for Canada.
• Provide guidance throughout the underwriting process using advanced analytics.

Skills

Non-life insurance pricing

Influencing skills

Negotiation skills

Leadership skills

Verbal communication

Strategic thinking

Education

Bachelor’s degree in actuarial science

Bachelor’s degree in Mathematics

Bachelor’s degree in Applied Math

Bachelor’s degree in Statistics

Job description

Job Description

Actuary, Canada

Job Number: 25AAPA02D20241127

Location: Toronto, ON, Canada

DISCOVER your opportunity

What will your essential responsibilities include?

• Ensure that all Canada product lines have market leading, technical pricing and portfolio management capabilities, coordinating with relevant LOB and Product actuarial support.
• Primary contact for Canadian Underwriting management (Large Commercial and Middle Market), including portfolio reporting and strategy discussions.
• Provide decision making guidance throughout the entire underwriting process, through the use of advanced analytics, to drive excellent business performance.
• Develop and leverage product pricing methodologies (aligned to global strategies and methodologies) including pricing algorithms, pricing parameters, pricing change impact analysis, and advanced pricing techniques for Canada Casualty-model supported business. Support development, testing and calibration of Pricing tools, alongside Models team.
• Micro portfolio management activities including selection of base loss ratio for business planning, profitability studies & deep dives, dashboard maintenance, and post-event loss evaluations.
• Conduct deals specific pricing, collateral requirements, captive/scheme/program pricing, and risk transfer testing, as needed.
• Engage closely with CUO, Underwriting, Reserving, Claims, to improve pricing accuracy.
• Ensure compliance with Pricing Model Standards, maintain required technical pricing documentation, and enforce pricing model governance.
• Support reinsurance purchasing with data and analysis. Provide guidance on net calculations for planning, limits reporting, reserving, etc.

You will report to Head of Pricing, Primary.

We’re looking for someone who has these abilities and skills:

• Extensive experience of non-life insurance pricing.
• Robust influencing and negotiating skills.
• Bachelor’s degree in actuarial science, Mathematics, Applied Math, Statistics, or related field.
• Leadership skills to work collaboratively with colleagues to build consensus.
• Demonstrated experience managing, motivating, and leading a team of credentialed and non-credentialed actuaries across multiple locations/territories.
• Robust verbal communication skills to gain buy-in and communicate clearly and concisely with internal and external clients.
• Robust ability to think strategically.

FIND your future

AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it.

AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic.

At AXA XL, we know that an inclusive culture and a diverse workforce enable business growth and are critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and can reach their highest potential.

AXA XL is an Equal Opportunity Employer.

Location

CA-CA-Toronto

Job Field

Actuarial

Schedule

Full-time

Job Type

Standard