Indication Actuarial Consultant

Allstate; Markham; Hybrid; CAD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking an Indication Consultant to join their dynamic team. This role involves executing and managing indication projects that support pricing strategies, utilizing advanced actuarial and statistical methodologies. The ideal candidate will thrive in a hybrid work environment, collaborating with teams to drive innovation and efficiency. With a commitment to employee growth and community impact, this opportunity offers a chance to make a meaningful difference while advancing your career in a supportive culture. Join a company recognized for its inclusivity and dedication to employee well-being, and take your skills to the next level.

Benefits

Flexible Work Arrangements

Employee Discounts

Good Office Program

Student Loan Payment Matching

Retirement Savings Program

Annual Wellness Allowance

Personal Reflection Day

Tuition Reimbursement

Qualifications

• 3-5 years of experience in property and casualty pricing or modeling.
• Strong analytical skills and ability to communicate complex ideas.

Responsibilities

• Execute and manage indication projects for pricing insurance business.
• Perform complex analyses to inform business decisions.
• Lead projects to implement efficiencies in the indication process.

Skills

Actuarial Science

Statistical Modeling

Data Analysis

Project Management

Communication Skills

Predictive Modeling

Programming

Education

Bachelor's Degree in Actuarial Science or Related Field

Tools

SAS

Job description

At Allstate, great things happen when our people work together to protect families and their belongings from life’s uncertainties. And for more than 90 years, our innovative drive has kept us a step ahead of our customers’ evolving needs. From advocating for seat belts, air bags, and graduated driving laws, to being an industry leader in pricing sophistication, telematics, and, more recently, device and identity protection.

Job Description

Who is Allstate:
Allstate Insurance Company of Canada is a leading home and auto insurer focused on providing its customers prevention and protection products and services for every stage of life. The company is proud to have been named a Best Employer in Canada for nine consecutive years and prioritizes supporting employees and fostering an inclusive, welcoming corporate culture. Allstate is committed to making a positive difference in the communities in which it operates through partnerships with charitable organizations, employee giving, and volunteerism. Serving Canadians since 1953, Allstate strives to provide reassurance with its "You’re in Good Hands" promise.

Through our Employee Value Proposition, Opportunity, Flexibility, Community, Diversity, and Family, we have worked hard to develop and nurture a culture where employees feel valued, experience personal growth, have career options, and truly enjoy the work they do.

Role Designation:

Hybrid

Benefits to joining Allstate

• Flexible Work Arrangements
• Employee discounts (15% on auto and property insurance, plus many other products and services)
• Good Office program (receive up to $400 back after purchasing office equipment)
• Student Loan Payment Matching Program for Government Student loans
• Comprehensive Retirement Savings Program with employer matched contributions
• Annual Wellness allowance to support employees with improving health and wellbeing
• Personal reflection day
• Tuition Reimbursement
• Working within the community and giving back!

Job description:

Reporting to the Indication Manager, the Indication Consultant is responsible for executing and/or managing indication projects in support of pricing insurance business utilizing accepted actuarial and statistical standards, as well as methodologies and knowledge gained through on-the-job training. This role works closely with provincial pricing teams and key business partners to execute appropriate pricing, modeling, and product strategies to support business goals.

Accountabilities:

1. Uses best practices to determine appropriate analysis and performs moderate to highly complex analysis, using creative actuarial or statistical modeling techniques, including proper documentation and evaluation, as appropriate to inform business decisions.
2. Provides thought and/or technical leadership, including contributions to improvement, development, and innovation, and sometimes serves as a subject matter expert.
3. Plans, implements, manages, and/or contributes on projects that are moderate to high complex and are of moderate scale using accepted project management standards, this work is primarily self-directed.
4. Communicates appropriateness of actuarial/modeling techniques and results to management and non-technical users to inform business decisions.
5. Responsible for selecting, reviewing, using, and ensuring quality of data used to perform actuarial and statistical services and determination of appropriate tool utilization.
6. Leverages understanding of insurance business, products, markets, and regulatory environments in the creation of business strategies and decisions, building expertise within a specialized area.
7. May mentor and/or supervise less experienced talent.
8. Performs indications and peer reviews for countrywide property lines and auto specialty lines.
9. Leads projects to implement efficiencies/automation in the indication process.

Qualifications:

1. Bachelor’s degree required – preferably in related field of study such as actuarial science, math/applied math, statistics/applied statistics.
2. 3-5 years of experience, two or more in property and casualty pricing/reserving/modeling.

Certifications, Licenses, Registrations:

• Pursuing actuarial designation.

Functional Skills:

• Advanced knowledge in the use and ability to learn a wide variety of tools, data sources, and computer applications.
• Strong written and verbal communication skills including the ability to effectively collaborate with multi-disciplinary groups and various organizational levels.
• Experience in using, modifying, and building predictive models as well as adapting them to unique situations.
• Ability to code in one or more programming languages and manipulate large, complex data sets.
• Advanced product, price, risk management, and insurance regulation knowledge, including professional standards of actuarial/statistical techniques.
• High-level project management skills to independently handle multiple projects of moderate complexity.
• Lead people/projects in a team environment.

Bonus qualification:

• SAS experience an asset.

Allstate Canada Group has policies and practices that provide workplace accommodations. If you require accommodation, please let us know and we will work with you to meet your needs.

Joining our team isn’t just a job — it’s an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. And one where you can impact the future for the greater good.

You’ll do all this in a flexible environment that embraces connection and belonging. And with the recognition of several inclusivity and diversity awards, we’ve proven that Allstate empowers everyone to lead, drive change, and give back where they work and live.

Good Hands. Greater Together.