Job Opportunities Actuarial Consultant Insurance Risk Management

Wawanesa Insurance; Toronto; On-site; CAD 95,000 - 140,000; Full time

Job summary

A leading mutual insurance company in Toronto is seeking an Actuarial Consultant for the Insurance Risk Management team. This full-time role involves analyzing pricing, underwriting, and reserving risks, while fostering stakeholder relationships and contributing to strategic initiatives. Candidates should possess a Bachelor’s degree in Actuarial Science and should ideally have actuarial experience alongside knowledge of SQL, R, and Python.

Qualifications

• Bachelor’s degree in Actuarial Science or a related discipline.
• More than four years of actuarial experience (an asset).
• Working programming knowledge of SQL, R and Python (an asset).

Responsibilities

• Contributes to accurate measurement and monitoring of various risks.
• Researches and assesses data quality for decision-making.
• Identifies opportunities for efficiency and automation.

Skills

Actuarial analysis

Data manipulation

Process improvement

Stakeholder management

Education

Bachelor’s degree in Actuarial Science or related discipline

Tools

SQL

R

Python

Job description

Working Business Language

English (This role is considered a head‑office role and will be required to communicate with internal stakeholders across Canada).

Salary

Estimated range: $95,000 – $140,000. Candidates with expectations outside the range are encouraged to apply.

About Us

At Wawanesa Mutual Insurance Company, founded in 1896, we are one of Canada’s largest mutual insurers with over $3.5 billion in annual revenue and assets of $10 billion (CAD). Our hybrid work environment offers flexibility to our employees, with 2 days per week (or 15 hours per week) in a Wawanesa office and remote work available from locations such as Winnipeg, Vancouver, Calgary, Edmonton, Toronto, Ottawa, and more. We serve more than 1.7 million members across Canada and are committed to giving back to communities by donating over $3.5 million annually to charitable organizations.

Job Overview

Working with a high degree of autonomy, the Actuarial Consultant of Insurance Risk Management contributes to accurate and timely measurement, monitoring and reporting of pricing, underwriting, reserving, catastrophe and reinsurance risks. The successful candidate will build business acumen to inform strategic initiatives, business processes and regulatory requirements, applying their knowledge to a broad range of actuarial analysis on emerging and ongoing risks across the organization.

Job Responsibilities

• Insurance Risk Management
  • Insurance risk is defined as the risk of loss resulting from pricing and underwriting reserving catastrophic and reinsurance risks.
  • Provides oversight and challenge to the effectiveness and consistency of enterprise‑wide insurance risk and actuarial practices via quarterly independent actuarial reviews.
  • Performs independent rate indications, pricing segmentation and line of business performance analysis, reserving valuations of major business lines, assessing long‑term climate impact on insurance risk.
  • Supports the review of key insurance risk models to minimize model risk, including actuarial pricing budgets and forecasting and reinsurance catastrophe models.
• Analytical
  • Researches, extracts and manipulates complex data from relevant sources and assesses data quality.
  • Supports the business and overall team by performing analyses/reviews and completing ad‑hoc requests/special projects in a timely manner with minimal support from peers and leaders.
  • Evaluates procedures and processes and recommends alternatives or improvements.
• Process Improvement / Efficiency
  • Evaluates existing processes to find areas for increased efficiency.
  • Identifies opportunities for automation of routine tasks and implementation of advanced techniques while ensuring ethical and responsible application of solutions.
  • Develops new approaches to problem‑solving and assesses impacts of solution options with minimal support from leaders.
• Industry
  • Identifies emerging industry trends and analyzes the impact they will have on Wawanesa.
  • Encouraged to represent Wawanesa at external events that may include universities, actuarial clubs, industry organizations and charitable causes.
• Commitment to Learning
  • Commits to professional development and continuous experiential learning to build cross‑functional knowledge, technical skills and mastery in competencies.
  • Focuses learning activities on bringing new knowledge and skills to the team in order to address any existing gaps.
• Stakeholder Management
  • Provides regular project updates to stakeholders, anticipating obstacles and raising them in advance.
• Project Management
  • Leads projects from beginning to end, including implementation of the final product and, when applicable, training and documentation.
• Mentorship
  • Actively contributes to the mentorship, training and development of actuarial analysts.
• Coaching & Developing Others
  • Provides feedback, instruction and development guidance to help others excel in current or future job responsibilities.
• Leadership
  • Builds trust and credibility with peers, developing strong working relationships across teams.

Qualifications

• Bachelor’s degree in Actuarial Science or a related discipline.
• More than four years of actuarial experience (an asset).
• 7 CAS exams or ACAS designation (an asset).
• Working programming knowledge of SQL, R and Python (an asset).
• Experience in pricing, reserving or building actuarial models (an asset).

Diversity, Equity, Inclusion & Belonging

At Wawanesa we are committed to Diversity, Equity, Inclusion and Belonging (DEIB) and believe that our strength lies in the diversity of our people; this is supported by having a representative workforce.

We welcome applications from all qualified candidates including racialized persons, women, Indigenous Peoples, persons with disabilities, members of the 2SLGBTQIA community, gender‑diverse and neurodiverse individuals and anyone who can contribute to the further diversification of thought and ideas.

We aim to ensure our recruitment process is accessible to all candidates. If you require accommodations during any stage of the recruitment process, please reach out in confidence to us.

All Wawanesa job applicants are subject to Wawanesa's equal employment opportunity statement.

Employment Type

Full Time.