Business Analyst II (Rating Analyst)

TD; Canada; On-site; CAD 62,000 - 95,000; Full time

Job summary

A leading financial institution in Canada is seeking a Business Analyst to support rate change implementations in the rating engine. This role involves liaising with various teams, managing project timelines, and ensuring quality control of changes. The ideal candidate will have excellent analytical and math skills, a degree in Mathematics or Actuarial Science, and experience in business analysis within the insurance sector. Competitive compensation and development opportunities are provided.

Benefits

Health and well-being benefits

Savings and retirement programs

Career development opportunities

Competitive benefits plan

Qualifications

• Strong analytical skills for rate change analysis.
• Experience in communicating requirements effectively.
• Ability to support testing and quality control.

Responsibilities

• Liaise with Actuarial Pricing to analyze rate change requirements.
• Coordinate with cross-functional teams on projects.
• Manage timelines to deliver changes as per schedules.

Skills

Superior analytical abilities

Excellent math skills

Expertise in Excel

Excellent communication skills

3-5 years previous Business Analyst experience

Good understanding of personal lines insurance products

Experience with insurance policy management systems

Understanding of Agile methodology

Education

Mathematics or Actuarial Science degree

Tools

Excel

Job description

Work Location:

Toronto, Ontario, Canada

Hours:

35

Line of Business:

Enterprise Enabling Functions

Pay Details:

62 900 $/$62,900 - 94 300 $/$94,300 CAD

This role is eligible for a discretionary variable compensation award that considers business and individual performance.

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description:

The Business Analyst for Rating supports rate change implementations in the Insbridge rating engine, supporting Guidewire PolicyCenter for Property and Casualty insurance.

Responsibilities:

• Liaising with Actuarial Pricing to elicit, understand and analyse rate change requirements; including priority, complexity, dependencies and other business and system impacts.
• Work with Business Systems Analysts to communicate and clarify requirements to ensure understanding of all details.
• Engage and coordinate work effort with Guidewire analysts and other technology teams on cross-functional projects.
• Effectively manage timelines to deliver changes according to project schedules and regulatory deadlines.
• Support testing and quality control of all changes, including execution of automated testing and building test cases for manual testing.
• Thoroughly document business requirements, issues, test plans and test results.
• Identify risks and recommend appropriate solutions and mitigation strategies.
• Implement recurrent data updates including VICC, premium capping, postal code/GeoData.
• Respond to ad hoc inquiries and conduct investigations into rating issues and questions as required.

Requirements:

• Superior analytical abilities
• Excellent math skills; Mathematics or Actuarial Science degree would be an asset.
• Expertise in Excel
• Excellent communication skills
• 3-5 years previous Business Analyst experience
• Good understanding of personal lines insurance products and pricing
• Experience with insurance policy management systems or rating engines preferred
• Understanding of Agile methodology and previous experience working in an Agile environment preferred

Who We Are:

As part of TD Bank Group, one of Canada's largest financial institutions, at TD Insurance, we care for Canadian families, making it easy to get the best advice, protection, and support in their moments of need, always.

TD Insurance offers a wide range of products, including General Insurance and Life and Health. More than four million customers count on us.

As the largest direct to consumer insurer in Canada, we are always innovating and providing exciting and rewarding career opportunities for our Canada-wide workforce.

Our Total Rewards Package

Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more

Additional Information:

We're delighted that you're considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we're committed to providing the support our colleagues need to thrive both at work and at home.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

Colleague Development

If you're interested in a specific career path or are looking to build certain skills, we want to help you succeed. You'll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD - and we're committed to helping you identify opportunities that support your goals.

Training & Onboarding

We will provide training and onboarding sessions to ensure that you've got everything you need to succeed in your new role.

Interview Process

We'll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation

Your accessibility is important to us. Please let us know if you'd like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you!

Language Requirement (Quebec only):

Maîtrise d'une langue autre que le français pour offrir du soutien ou traiter avec des employés ou des collègues qui ont besoin de services et de soutien dans une langue autre que le français.