Analyst, Rate Implementation

Definity; Waterloo; Hybrid; CAD 50,000 - 93,000; Full time

Job summary

A leading insurance provider in Waterloo, Canada is seeking an Analyst for Rate Implementation. This role involves developing and testing Rating Algorithms, engaging with various teams, and ensuring accurate delivery of Rate Changes. Candidates should have a relevant degree, strong technical skills, and experience in Agile environments. This position offers a hybrid work model and many employee benefits.

Benefits

Company share ownership program

Pension and savings programs

Educational resources and tuition assistance

Wellness and recognition programs

Paid volunteer days

Qualifications

• 1-2 years’ experience in Agile environments.
• Certifications in Guidewire development or Scrum Master advantageous.

Responsibilities

• Develop and implement Rating Algorithms into the Guidewire system.
• Collaborate with Actuarial Pricing to develop and test Rate Books.
• Analyze the impact of rate changes on related systems.

Skills

Technical skills

Strong communication

Education

University Degree or college diploma in Actuarial Science, business, computer science, information systems, or a related discipline

Tools

Guidewire Development

Agile methodologies

Job description

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Definity is the parent company to some of Canada’s most long-standing and innovative insurance brands, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. Our ambition is to be one of Canada’s leading and most innovative property and casualty insurers. We can’t do that without our people, so we embrace and encourage a culture that’s collaborative, ambitious, rewarding, and empowering.

We offer a flexible, hybrid work experience where employees work from the office and virtually depending on the type of work they are doing and who they are working with. Bring your true self and be a part of our journey. It’s better here.

The Rating Analyst is a business and IT facing resource responsible for developing Rating Algorithm and Rates into the system, testing them and coordinating implementation of the same to the production Guidewire Policy Center rating system. The candidate validates Pricing requirements and understands impact of the requirement to the rating and underwriting system. The candidate also works on any project or enhancement that is impacting Premiums and on regular maintenance of rate structure. The candidate will work with Pricing stakeholders to understand, develop, and test Rate Changes according to team processes and best practices. He or she actively collaborates with our Product team, Actuarial pricing team, TS delivery team, Dev-Ops, and Product Owner.

What can you expect in this role?

1. Collaboration with business to create requirements when working on a Project and review Actuarial requirements when working on an isolated rate change.
2. Perform analysis on the impact of rate change to the Guidewire system and third-party systems.
3. Work with Actuarial Pricing to Develop and Test Rate Books (Rate Differentials and Algorithm).
4. Collaborative work in a mature Agile delivery team.
5. Act as a Subject Matter Expert for business consultation on the Rating system.
6. Deliver Rate Changes with accuracy and success from start to finish.
7. Follow TS Change and Release management practices and coordinate delivery of Rate Changes to production.
8. Lead post-production monitoring to proactively monitor business impacts.
9. Support Production by investigating Rating incidents.

What do you bring to this role?

• University Degree or college diploma in Actuarial Science, business, computer science, information systems, or a related discipline.
• Strong technical skills and basic understanding of the P&C industry, Personal Insurance Lines of Business, and Rating Algorithms.
• 1-2 years’ experience in Agile environments.
• Certifications and Accreditations (Guidewire Development, Guidewire business training, Scrum Master, CIP, etc.) nice to have
• Strong communication to effectively communicate with business and technology stakeholders.

Salary Range : $50,200 - $92,500

Interested in this role, but don't meet every requirement? We encourage you to apply! We know from experience that a candidate doesn't need 100% of the qualifications listed to bring incredible value to our team. We're actively seeking diverse backgrounds and perspectives to help us make insurance better. At Definity, inclusion, diversity, and equity aren't just "nice to have" — they're essential to our success.

What's in it for you?

• Hybrid work schedule for most roles
• Company share ownership program
• Pension and savings programs, with company-matched RRSP contributions
• Paid volunteer days and company matching on charitable donations
• Educational resources, tuition assistance, and paid time off to study for exams
• Focus on inclusion with employee groups, support for gender affirmation surgery, access to BIPOC counsellors, access to programs for working parents
• Wellness and recognition programs
• Discounts on products and services

Actual salary for the role may vary depending on work location of the successful candidate and other factors including but not limited to, skills, education, experience, working conditions and the local labour market. In addition to base pay, eligible employees may participate in various incentive plans which are paid out at the discretion of the company and subject to individual and company performance.

Go ahead and expect a lot — you deserve it.

It's better here — but don't take our word for it. Definity was named by Great Place to Work as one of the Best Workplaces in Canada for women, for youth, and for inclusion.

Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know by contacting [email protected].

Background checks

This role requires successful clearance of background checks (including criminal checks and leadership references).

Seniority level

Not Applicable

Employment type

Full-time

Job function

Information Technology

Industries

Insurance

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