Actuary, Canada

XL CATLIN; Toronto; On-site; CAD 70,000 - 110,000; Full time

Job summary

An established industry player is seeking a talented Actuary to join their team in Toronto. This role offers the opportunity to lead pricing strategies and portfolio management for a diverse range of insurance products. You will leverage advanced analytics to drive business performance and ensure compliance with pricing standards. Collaborating closely with underwriting and claims teams, your insights will enhance pricing accuracy and support strategic decision-making. If you are passionate about the insurance industry and have a strong background in actuarial science, this is your chance to make a significant impact in a dynamic environment.

Benefits

Flexible Working Arrangements

Enhanced family-friendly leave benefits

Diversity and Inclusion Programs

Volunteering and charitable giving programs

Qualifications

• Extensive experience in non-life insurance pricing is required.
• Leadership skills to manage and motivate a team are essential.

Responsibilities

• Ensure market leading pricing and portfolio management capabilities.
• Provide decision-making guidance using advanced analytics.

Skills

non-life insurance pricing

Influencing Skills

Negotiating 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

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 multi-locations/territories.
• Robust verbal communications skills to gain buy-in to 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.

How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business − property, casualty, professional, financial lines, and specialty.

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.

• Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe.
• Robust support for Flexible Working Arrangements.
• Enhanced family-friendly leave benefits.
• Named to the Diversity Best Practices Index.
• Signatory to the UK Women in Finance Charter.

At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future.

• Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society – are essential to our future.
• Addressing climate change: The effects of a changing climate are far-reaching and significant.
• Integrating ESG: All companies have a role to play in building a more resilient future.
• AXA Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them.

AXA XL is an Equal Opportunity Employer.

Location

CA-CA-Toronto

Job Field

Actuarial

Schedule

Full-time

Job Type

Standard