Analyst, Actuarial - Reserving - Junior to Intermediate

Definity Financial; Waterloo; On-site; CAD 53,000 - 123,000; Full time

Job summary

Join the Reserving team at a leading insurance company, where you will analyze data and assess reserve adequacy for personal and commercial portfolios. This role offers the opportunity to develop your actuarial skills, collaborate with various teams, and communicate complex concepts to stakeholders. Ideal candidates will have a quantitative degree and a proactive mindset.

Qualifications

• Completion of at least 3 CAS/SOA exams.
• Experience or knowledge in P&C insurance is an asset.
• Strong communication and presentation skills.

Responsibilities

• Analyze data for claim experience assessment and reserve adequacy.
• Communicate actuarial concepts to stakeholders.
• Collaborate with internal and external partners.

Skills

Communication

Data Analysis

Teamwork

Education

University degree in a quantitative field

Tools

Microsoft Excel

SQL

Python

Job description

What could this role bring to you?

• Be a part of the Reserving team within the Corporate Actuarial department.
• Gain exposure to the monthly estimation and adequacy assessment of Definity’s Personal and Commercial portfolio reserves.
• Develop and apply your skills with spreadsheets, databases, and statistical software to prepare and analyze data for claim experience assessment, reserve adequacy analysis, and support presenting these findings to stakeholders.
• Work closely with the Appointed Actuary and collaborate with internal Corporate Actuarial teams and external partners in Finance, Reinsurance, Claims, and Business.
• Communicate actuarial concepts and make recommendations to both technical and non-technical stakeholders, verbally and in writing, with supporting documentation.

What could you bring to the role?

• University degree in a quantitative field such as Actuarial Sciences, Mathematics, or Statistics.
• Completion of at least 3 CAS/SOA exams.
• Experience or knowledge in P&C insurance is an asset.
• Proficient in Microsoft Excel, Word, and PowerPoint.
• Knowledge of SQL and Python is an asset.
• Can-do attitude, result-oriented mindset, and a strong willingness to deliver high-quality work on time.
• Respond to routine requests from internal and external stakeholders related to data extraction, adequacy assessments, and financial reports, with validation from senior staff.
• Strong communication and presentation skills to convey complex concepts clearly to both technical and non-technical audiences.
• Team player, adaptable to a dynamic and fast-paced environment.

Salary Range:

• Junior: $53,800 - $106,400
• Intermediate: $65,200 - $123,000