Middle Market Pricing Actuary

Zurich 56 Company Ltd; Toronto; Hybrid; CAD 85,000 - 120,000; Full time

Job summary

Zurich Canada is seeking a Middle Market Pricing Actuary for its Toronto office. The role entails overseeing pricing algorithms, analyzing data to drive decisions, and collaborating across teams. Ideal candidates will possess a Bachelor’s degree in a relevant field and at least 5 years of actuarial experience in a commercial setting.

Benefits

Comprehensive health/benefits plan

Minimum four weeks of vacation per year

Training and development opportunities

Qualifications

• 5+ years of experience in the Actuarial area.
• Experience in Commercial Lines preferred.
• Strong analytical skills for consulting on actuarial models.

Responsibilities

• Lead reviews of rating tools and pricing algorithms.
• Monitor performance of the Middle Market book.
• Provide actuarial analysis and support pricing decisions.

Skills

Data-Driven Insights

Communication Skills

Portfolio Management

Education

Bachelor’s Degree in Mathematics / Statistics or Actuarial Sciences

FCAS or equivalent international certification

Tools

SQL

R

Microsoft Excel

Job description

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Middle Market Pricing Actuary

123949

The Opportunity

Are you looking for a caring, collaborative, values-driven workplace with inspiring teammates and leaders? Do you have the ambition and desire to be the best and thrive at the most impactful global insurance provider in the world? Look no further than Zurich Canada.

Zurich Canada is looking for a Pricing Actuary to join our growing team to support the Middle Market business unit. This role can be based in either the Toronto or Montreal Zurich Canada offices.

The Pricing Actuary leads the reviews of rating tools, portfolio management, and strategies in support of business objectives. In this role, the actuary will partner with key stakeholders from the business, global pricing teams and reserving to review pricing algorithms and implement the rating tools in production and track the performance and accuracy of key pricing metrics.

This is a unique opportunity to build your knowledge and experience for the future in a supportive environment where your voice matters.

This is a hybrid work opportunity.

What you will do

• A high level of responsibility, ownership, and ability to influence strategic decisions. Work directly with the business and leadership teams and use data-driven insights to influence outcomes.
• Continuous improvement of the Commercial Middle Market pricing algorithm. Set and communicate the pricing algorithm requirements for production systems.
• Monitor performance of the Middle Market book, and track accuracy and completeness of key performance indicators. Be an advocate for the importance of data in portfolio management.
• Investment in upscaling pricing capabilities.
• The opportunity to work for a Global company where we often share and leverage insights on best practices with our global colleagues. Collaborate with actuaries across the globe to develop global pricing tools.
• Constantly evolve lines of business, with endless opportunities to add value through new insights and pricing techniques.
• Calculate profit margins on new and renewals of business.
• Coordinate, prepare, and perform actuarial analysis.
• Provide consultation on actuarial models and risk issues.
• Support Market Facing and Technical Underwriters on pricing decisions.
• Ensure the implementation of required governance processes, maintaining compliance with organizational standards and regulatory requirements.

Job Qualifications - What you bring to the table

Required:

• Bachelor’s Degree in Mathematics / Statistics or Actuarial Sciences

AND

• 5 or more years of experience in the Actuarial area.
• FCAS or equivalent international certification

OR

• Bachelor’s Degree in Mathematics / Statistics or Actuarial Sciences and 10 or more years of experience in the Actuarial area.
• ACAS or equivalent international certification.

Preferred:
• FCAS designation
• Previous actuarial pricing experience in Commercial Lines of business.
• Experience collaborating on cross-functional team projects.
• Strong verbal and written communication skills.
• Ability to explain technical analysis results to non-technical audiences.
• Experience with Microsoft Excel and /or knowledge of statistical analysis software (such as SQL and R)
• Verbal and written proficiency in the English language is required to facilitate communication with internal and external key stakeholders located outside of Quebec.

Our Culture

• At Zurich, we are proud of our culture. We are passionate about Diversity, Inclusion, Equity and Belonging (DIEB). We want you to bring your whole self to work, and we want our employees to be reflective of the communities in which we live and work. Our DIEB initiatives are creating an environment where everyone feels welcome.

• We have a collaborative culture where diversity of thought is valued. We value your input and strive to give our employees the tools they need to make an impact.

• We care about our employees’ well-being and offer a comprehensive health/benefits plan with varying levels of coverage to suit your specific needs and a competitive total compensation package.

• We understand how important it is to rest, recharge and do the things you love. At Zurich, all employees receive a minimum of four weeks of vacation per year to do just that.

• We also understand that employees require time off for personal reasons. Maybe you have an appointment during a workday, a cultural or religious holiday you would like to observe, or you need time off to focus on your mental health. Zurich employees receive four personal days per year to be used at their discretion.

• We are committed to continuous improvement and offer access to a comprehensive range of training and development opportunities.

• We care about our communities. Our communities are where our customers, people, and shareholders live and work. While we can be proud of the contribution to society Zurich makes through our core business of insurance, we must also give back to our communities through our talent, time and resources.

• We have won numerous awards for our workplace culture. We are proud to be one of Greater Toronto’s Top Employers and to have received Insurance Business Canada’s 5-Star Diversity, Equity and Inclusion Award.

Make a difference. Be challenged. Be inspired. Be supported. Love what you do. Work for us.

About Us

Zurich Canada is part of the Zurich Insurance Group, a multi-line insurer with approximately 55,000 employees worldwide serving customers in global and local markets. Zurich Canada has been a leading insurance provider serving mid-sized and large companies, including multinational corporations, in the Canadian commercial market for 100 years. With over 500 employees in offices across the country, Zurich offers the global strength of a top insurance provider combined with in-depth knowledge of industries and local markets. Zurich Canada aspires to be risk management professionals’ first choice as their premier partner to help meet the risk challenges of today and tomorrow. Read more at www.zurichcanada.com

A future with Zurich

Now is the time to move forward and make a difference. At Zurich, we want you to share your unique perspectives, experiences and ideas so we can grow and drive sustainable change together. As part of a leading global organization, Zurich North America has over 148 years of experience managing risk and supporting resilience. We are a leading provider of commercial property-casualty insurance solutions and a wide range of risk management products and services for businesses and individuals. Today, we serve more than 25 industries, from agriculture to technology and insure 90% of the Fortune 500. Our growth strategy is not limited to our business. As an employer, Zurich strives to provide ongoing career development opportunities and foster an environment where voices are diverse, behaviors are inclusive, actions drive equity, and our people feel a sense of belonging. Be a part of the next evolution of the insurance industry. Join us in building a brighter future for our people, our customers and the communities we serve.

As a global company, Zurich recognizes the diversity of our workforce as an asset. We recruit talented people from a variety of backgrounds with unique perspectives that are truly welcome here. Taken together, diversity and inclusion bring us closer to our common goal: exceeding our customers’ expectations. Zurich is committed to providing a diverse, inclusive and barrier-free environment resulting in an accessible organization for employees, customers, and other parties who interact with, or on behalf of, Zurich. We strive to achieve a workplace free of discrimination of all forms, including discrimination on the basis of physical or mental disability, or medical condition. If you are interested in a job opportunity, please advise if you require an accommodation, so we can work with you to provide a more accessible process.

Zurich does not accept unsolicited resumes from search firms or employment agencies. Any unsolicited resume will become the property of Zurich Canadian Holdings Limited. If you are a preferred vendor, please use our Recruiting Agency Portal for resume submission.

Only applicable for Canada: For Zurich Canada's commitment to diversity and accessibility please click here . If you would prefer to not receive future electronic messages from Zurich Insurance Company Ltd's recruitment management system, please email your request to have your job profile deleted from the system by clicking here . Zurich Insurance Company Ltd 100 King St., W., Suite 5500, Toronto, ON, M5X 1C9. www.zurichcanada.com