Manager, Actuarial

Farm Mutual Re; Cambridge; Hybrid; CAD 60,000 - 75,000; Full time

Job summary

A mutual reinsurer in Cambridge is seeking an Actuarial Manager to lead a small team of actuarial analysts. Responsibilities include managing risks, overseeing pricing strategies, and ensuring data accuracy. The ideal candidate will have a bachelor's degree in a related field, at least 7 years of experience in the actuarial field, and great leadership skills. A flexible work environment and comprehensive wellness plan are offered, along with competitive salary and benefits.

Benefits

Flexible hybrid work environment

Comprehensive wellness plan

Ongoing professional development opportunities

Paid volunteer day

Exceptional employer-paid benefits

Qualifications

• Minimum of 7 years of prior experience in Property and Casualty actuarial field, with a minimum of 2 years in Reinsurance pricing.
• Minimum of 2 years experience in a people leadership role.

Responsibilities

• Directly supervise a small team of 4-6 actuarial analysts.
• Manage the department schedules for effective team resourcing.
• Resolve complex actuarial issues related to pricing and risk.
• Communicate insights to the leadership team.
• Collaborate with departments to estimate impacts from reserving practice changes.

Skills

Communication skills

Interpersonal skills

Organizational skills

Analytical skills

Problem-solving skills

Education

Bachelor’s Degree in Actuarial Science, Mathematics or Statistics

Completed FCAS / FCIA designation

Job description

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Direct message the job poster from Farm Mutual Re

Farm Mutual Re is a mutual reinsurer that offers tailored reinsurance solutions for varied insurance lines and helps mutual insurers keep their promises by providing financial stability and insurance capacity. Recognized as Waterloo Area’s Top Employers 2025 and Canada’s Greenest Employer 2025, we remain committed to making a meaningful impact on our members, customers, employees, and business partners. Our values of care, trust, courage, and sustainability foster a sense of belonging and guide our decisions and actions.

The Opportunity

Reporting to the AVP, Actuarial, this role leads and executes annual goals relating to risk assessments, pricing strategies, reserving policies and reporting as assigned by leadership. The role will manage team resources and processes, assigning tasks to ensure schedules and goals are met. The role will lead the ORSA risk measurement process to support annual reporting by developing robust models and methodologies to estimate actuarial risk.

The Actuarial Manager ensures that data accuracy, integrity and consistency are acted upon in a timely and appropriate fashion for departmental projects. The role recommends procedural improvements and policy adjustments for better accuracy in pricing and risk assessments. In addition, the role directly manages the team’s actuarial work to ensure department goals are met, particularly in pricing analysis and risk evaluation and contributes to broader department initiatives.

As the successful candidate, you will :

• Directly supervise a small team of 4-6 actuarial analysts, providing mentorship & coaching as well as managing performance reviews and team development.
• Manage the department schedules to ensure effective team resourcing.
• Resolve complex actuarial issues related to pricing and risk and proposes process & policy improvements to optimize the team’s performance.
• Communicate insights to the leadership team to support decision making.
• Collaborate with departments to estimate the impact arising from reserving practise changes and regulatory reforms.
• Review performance against targets, perform root cause analysis and provide recommendations for action to address the underlying issues.

Your Skills and Qualifications

You have a Bachelor’s Degree in Actuarial Science, Mathematics or Statistics.

You have a minimum of 7 years of prior experience in Property and Casualty actuarial field, with a minimum of 2 years in Reinsurance pricing

You have a minimum of 2 years experience in a people leadership role.

You have completed your FCAS / FCIA designation. You have excellent communication skills along with exceptional interpersonal skills to develop deep-rooted relationships, influence change and exhibit a collaborative leadership style.

You hold strong organizational, analytical, and problem-solving skills, and the ability to prioritize competing demands and projects.

What’s in it for you?

Flexible hybrid work environment, which balances remote and in-office work

A comprehensive wellness plan, including personalized health coaching, fitness classes, and access to an on-site gym

Ongoing professional development opportunities, such as paid education, training, certifications, mentorship programs, and personalized career development plans

Paid volunteer day to give back to your community

In addition to our competitive salary, employees also receive exceptional employer-paid benefits, a defined benefit pension plan, and more to support their future

How to Apply

Visit our website and complete our Employment Application found on our Careers page.

Farm Mutual Re is committed to creating an equitable, diverse, and inclusive work environment for all. We provide accommodations that help achieve a barrier-free workplace. If you require an accommodation to participate in the recruitment process, please contact [e-mail].

Seniority level

Seniority level

Mid-Senior level

Employment type

Employment type

Full-time

Job function

Job function

Management

Industries

Insurance

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