Manager, Actuarial Services – Waterloo, Ontario

Heartland Farm Mutual Inc.; Waterloo; On-site; CAD 80,000 - 120,000; Full time

Job summary

Join a forward-thinking company that values innovation and teamwork as a Manager in Actuarial Services. In this pivotal role, you will lead a talented team, driving the development of innovative tools and strategies to enhance company performance. Your expertise in data analytics and ratemaking will be crucial as you navigate complex data and collaborate with various stakeholders. This is an exciting opportunity to make a significant impact in a supportive environment that encourages growth and values your contributions. If you're ready to take the next step in your career with a proud Canadian mutual organization, we want to hear from you!

Qualifications

• Minimum of 5 actuarial exams required, FCAS or ACAS preferred.
• Strong understanding of P&C pricing and ratemaking concepts.

Responsibilities

• Lead and manage the analytics team, providing project updates and coaching.
• Research and develop innovative ratemaking techniques using data analytics.

Skills

Data Analytics

Project Management

Communication Skills

Actuarial Ratemaking

Team Leadership

Education

FCAS or ACAS

Actuarial Exams (minimum of 5)

Tools

Guidewire Systems

Emblem

Job description

Located in Ontario and Nova Scotia, Heartland Mutual Insurance strives to be the Best Mutual. Our team of talented and dedicated professionals challenge the norm and strive to be extraordinary. It’s all about fulfilling our promise with a personal approach. With our team, you’ll bring this purpose to life every day by living our values, being open to change, and pursuing your career aspirations.

Heartland Mutual Insurance has an excellent opportunity in our Analytics Department for a Manager, Actuarial Services.

What you will do…

1. General
   • Develop the team’s talent base – skills, capabilities, knowledge.
   • Strategically plan, manage, and coach the team daily.
   • Provide regular project updates to stakeholders. Anticipate obstacles and raise them in advance; propose possible solutions to obstacles.
   • Lead projects from beginning to end, including documentation. Delegate effectively, including following up where appropriate.
2. Research & Development
   • Research, extract, and manipulate complex data from relevant and diverse sources, and assess data quality.
   • Provide and deliver innovative tools to provide company value.
   • Investigate and build on the use of new innovative ratemaking and insurance techniques. Share findings across the team and organization, including formal implementations when appropriate.
   • Using data analytics, develop and re-evaluate underwriting appetite by identifying trends in company performance. Share and work with other company stakeholders with ensuing actions.
3. Coordinate and perform rate reviews on all lines of business, as prioritized by the company. This includes but is not limited to creating rate indications, loss ratio analysis, competitive analysis, completing filings, calculating impacts, while using actuarial ratemaking principles, data analytics, GLMs or other advanced statistical techniques.
4. Coordinate and perform regular rate filings with provincial regulators.
5. Work with Leadership, Underwriting and IT teams on rate reviews and other strategic actions.
6. Data Analytics
   • Understand and effectively utilize Heartland’s Guidewire systems and their underlying data structures.
   • Conduct data extraction as necessary.
   • Conduct data exploration, such as quote data, billing data, and new experience extractions.

Minimum Qualifications:

• A minimum of 5 actuarial exams. FCAS or ACAS an asset.
• A thorough understanding of P&C pricing and ratemaking concepts.
• Demonstrated strength in oral, written and presentation communication skills.
• Prior management experience is preferred.
• A working knowledge of Emblem would be an asset.

Intrigued? We can’t wait to hear from you!

If you have the qualifications we are seeking and would thrive in a work environment where you are valued and respected, please apply on the company website. Accommodations are available on request for candidates taking part in all aspects of the selection process.

A Place Where YOU Can Make a Difference! Proudly Canadian. Mutually Owned.