Actuary, Product and Pricing

Securian Canada; Toronto; On-site; CAD 80,000 - 110,000; Full time

Job summary

A leading insurance company is looking for an experienced Actuary to join their Product and Pricing team in Toronto. The ideal candidate will possess a strong background in Health and Dental insurance with excellent analytical skills. This role offers competitive compensation and various benefits, with a commitment to diversity and inclusion.

Benefits

Flexible work arrangements

Generous paid vacation time

Paid volunteer day

Educational assistance up to $3,500 a year

Comprehensive health and dental coverage

14% RRSP matching program

Qualifications

• 5+ years of actuarial experience in Health & Dental insurance.
• Strong understanding of pricing and modeling with GGY AXIS.
• Ability to work with large data sets and draw actionable insights.

Responsibilities

• Analyze and enhance pricing models for Life and Health insurance.
• Perform pricing reviews to ensure product sustainability.
• Collaborate with Underwriting and Finance teams on pricing strategy.

Skills

Analytical skills

Problem-solving skills

Communication skills

Education

Bachelor’s degree in a quantitative field

FSA and/or FCIA designation

Tools

GGY AXIS

Job description

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Who we need

We are looking for a strategic, detail-driven

Department: Actuarial, Risk & Product

Location: Toronto, ON

Description

Who we need

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.
  
  

Why join?

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 [e-mail] 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.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Insurance

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