Analyst, Rate Implementation

Starr Underwriting; Waterloo; On-site; CAD 50,000 - 93,000; Full time

Job summary

A leading insurance company in the Region of Waterloo is looking for a Rating Analyst. In this role, you will develop and implement Rating Algorithms and collaborate with various stakeholders to ensure accurate delivery of rate changes. A university degree in a related field and 1-2 years of Agile experience are required. The salary range is $50,200 - $92,500.

Qualifications

• 1-2 years' experience in Agile environments.
• Basic understanding of the P&C industry and Rating Algorithms.
• Strong analytical skills for rate change impact analysis.

Responsibilities

• Collaborate with business to create requirements for projects.
• Perform analysis on the impact of rate changes.
• Act as Subject Matter Expert for business consultation.

Skills

Technical skills

Communication

Agile experience

Education

University Degree in Actuarial Science or related discipline

Tools

Guidewire Development

Scrum

Job description

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?

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