Actuary, Product and Pricing

Securian Canada; Toronto; On-site; CAD 70,000 - 100,000; Full time

Job summary

A leading insurance provider in Canada seeks a strategic Actuary to join their Product and Pricing team in Toronto. The role requires a strong background in Health and Dental insurance, analytical skills for developing pricing models, and collaboration with various stakeholders. This opportunity emphasizes career growth and a commitment to diversity and inclusion, offering competitive compensation and benefits.

Benefits

Flexible work arrangements

Generous paid vacation time

Paid volunteer day

Paid personal and wellness days

Educational assistance up to $3,500 a year

Flexible health and wellness account

Up to 14% RRSP matching contributions

Family-friendly maternity/parental leave

Qualifications

• 5+ years of actuarial experience with knowledge of Health & Dental insurance.
• Experience working with large data sets.
• Ability to explain complex concepts to various audiences.

Responsibilities

• Analyze data and develop or enhance pricing models.
• Perform regular pricing reviews to ensure product sustainability.
• Collaborate with cross-functional teams on pricing strategies.

Skills

Analytical skills

Problem-solving skills

Communication

Education

Bachelor’s degree in Actuarial Science, Mathematics, or Statistics

FSA and/or FCIA designation

Tools

GGY AXIS

Job description

We are looking for a strategic, detail-driven Actuary with a strong background in Health and Dental insurance to join our growing Product and Pricing team.

Reporting to the Assistant Vice President, Pricing, you will be accountable to help assess new business opportunities and monitor / review performance of existing blocks. As an integral part of our Actuarial team, you will use your analytical skills to assess models and provide recommendations to ensure our insurance products are profitable and sustainable. We have an ever-growing number of partners that we work closely with to deliver our products. You will also liaise with external and internal stakeholders to ensure that pricing strategies align with business objectives.

What you will do

• Analyze data to develop or enhance GGY AXIS pricing models for a wide range of Life and Health insurance products;
• Perform regular in-force pricing reviews to ensure ongoing product sustainability;
• Monitor trends , identify issues, and recommend strategic adjustments to maintain profitability;
• Provide support for financial underwriting of new and existing partnerships;
• Collaborate closely with the Underwriting team to ensure pricing aligns with our risk appetite;
• Act as a key partner to cross-functional teams , especially Finance and other business units, to provide insights and support on business initiatives.

What you will bring

• The education and the professional designation. Bachelor’s degree in a quantitative field (e.g., Actuarial Science, Mathematics, Statistics). FSA and / or FCIA designation required.
• The experience and the technical skills. 5+ years of actuarial experience with a solid understanding of Health & Dental insurance. Advanced knowledge of GGY AXIS for pricing and modeling. Exposure to LTD and IFRS 17 considered a strong asset. Skilled at working with large data sets and drawing actionable insights.
• The core competencies. Self-starter with strong problem-solving skills and the ability to work independently. Highly attentive to detail with a commitment to accuracy. Strong verbal and written communication skills, and ability to explain complex concepts clearly to both technical and non-technical audiences. Flexible and comfortable adapting to evolving processes and priorities. Able to design or improve processes with limited direction.

When you’re a part of Securian Canada, you’re a member of an agile and innovative, high-performing, bright-thinking, make-things-happen culture – so that together, we can discover the art of possible.

At our company, we see your potential on day one and challenge you to grow your unique strengths as you create a career filled with opportunity, collaboration, and purpose.

You’ll also be part of a team that’s committed to diversity, equity, and inclusion, and who values diverse perspectives, so that you can be the person you want to be – both in, and outside, work.

Securian Canada offers a competitive total rewards program with a variety of perks and benefits, including :

• Flexible work arrangements with monthly financial allocations to support your work-life balance;
• Generous starting paid vacation time , plus additional vacation days for every year of service;
• Paid volunteer day so you can dedicate time to a cause you are passionate about;
• Paid personal and wellness days to support your total wellbeing;
• Educational assistance of up to $3,500 a year (with approval from your manager);
• Flexible health and wellness account (in addition to comprehensive drug and dental coverage) to help pay for a wide range of wellbeing services that are meaningful to you;
• Up to 14% of combined contributions to the RRSP matching program;
• Family-friendly maternity / parental leave and,
• Many more benefits, perks and programs.

If you have at least 70% of the qualifications we're looking for, want to work in a fast-growing, leading and progressive company, and feel driven to help Canadians and their families build secure futures – we want to hear from you!

Take the first step in building your future with Securian Canada. Apply now.

Securian Canada is committed to providing a barrier-free work environment and equal access to employment for all qualified applicants. As such, upon request, Securian Canada will work with applicants that require reasonable accommodations during the recruitment process. Please contact [emailprotected] for accommodation requests. All information shared during any accommodation request process will be stored and used only in a manner that is consistent with applicable laws and Securian Canada / Canadian Premier Life Insurance Company policies.

Who we are – and who we’re here for

We’re here for all Canadians and their families – however they define family. Our practical, life-ready insurance and protection solutions are designed to help provide financial security, so that Canadians can spend more time making every moment count.

For more than 65 years, we’ve been giving Canadians the confidence to face life’s uncertainties. With offices in Toronto, Montreal, Burnaby, Waterloo and Winnipeg, Securian Canada brings together strong local roots and expertise, a North American footprint, and a global perspective – all while innovating at the speed the markets we serve expect.

Together with our U.S. parent company, Securian Financial, we are a leading insurance provider in the Canadian Financial Institution and Association & Affinity markets. We offer insurance solutions built with genuine care – providing specialized experiences to those we serve.

What we do every day to be our very best

Every day at Securian Canada means a day spent helping Canadians and their families build secure tomorrows. We’re agile and innovative, and we aren't afraid to challenge and create, or bring diverse perspectives to our work.