Pricing Analyst (Actuary)

Munich Re; Toronto; Hybrid; CAD 60,000 - 100,000; Full time

Job summary

Join a forward-thinking company as a Pricing Analyst, where you'll leverage your analytical skills to drive pricing strategies and support innovative projects. This role offers a unique opportunity to engage in both personal and commercial property pricing, utilizing advanced actuarial methods and data analysis tools. You'll work in a dynamic environment that values diversity and encourages professional growth. If you're an innovative thinker with a passion for problem-solving and a desire to make an impact, this position is perfect for you. Enjoy a hybrid work setting and a comprehensive benefits package that supports your well-being and career development.

Benefits

Annual Company Bonus

Flexible Health and Dental Benefits

Wellness Program

Pension Plan with Employer Contribution

Generous Time Off

Learning and Development Programs

Employee Referral Program

Recognition Program

Qualifications

• 3-5 years of relevant experience in pricing and actuarial analysis.
• Strong programming knowledge and data processing abilities.

Responsibilities

• Conduct qualitative and quantitative data analysis for pricing.
• Collaborate with stakeholders for pricing and data analysis.

Skills

Statistical Analysis

Problem-Solving

Data Processing

Analytical Skills

Communication Skills

Time Management

Actuarial Methods

Education

Bachelor's Degree in Mathematics, Statistics, or related field

Tools

MS Office

Power BI

Python

SQL

VBA

Job description

Company
HSB Canada
Location
Toronto, Canada

HSB Canada, part of Munich Re, is Canada's premier engineering-driven specialty insurer and provider of inspection, engineering and technology services that set the standard for excellence in the market. Our constantly evolving offerings lead the market in cyber, equipment breakdown, renewable energy, technology services, engineering based risk management and inspection services. We bring technical expertise to help our clients stay ahead of complex, emerging and technology-based risks. We recognize Diversity, Inclusion, and Belonging as key priorities and a culture that welcomes different thoughts and opinions.

Primary Objectives:

The Pricing Analyst conducts qualitative and quantitative data analysis to assist in pricing and rating new and existing products, as well as in identifying new business opportunities, in order to facilitate the Company planning process.

Located at our Head Office in downtown Toronto, reporting to the AVP Pricing, and as part of the Corporate Underwriting Team, the role will contribute to pricing, data analytics and tool projects, using actuarial models and innovative approaches. Projects are varied and include development of rating structures and monitoring/reporting on overall rate adequacy. This role will have exposure to rating in both personal and commercial property lines with valuable career development potential. It is an ideal position for an innovative thinker with a problem-solving mindset, who is eager to learn and grow.

Job Responsibilities:

• Apply pricing components and rating methodology to price existing and new products based on thorough statistical analysis.
• Provide actuarial support in the development of new products and services to achieve successful implementation of approved strategic initiatives.
• Provide actuarial and statistical analysis related to rate adequacy, including loss and premium trends, production of rate indicators and development of rating structures.
• Collaborate with internal stakeholders such as Treaty, Regional Offices, Digital Distribution, New Solution Development and Claims to support their needs for pricing, data processing, analysis and mining of data and reporting.
• Provide ongoing review and improvements of pricing and processes for greater automation, accuracy and rate adequacy.
• Drive and deliver existing projects and contribute to various pricing projects. Projects are varied and include development and implementation of rating structures and pricing models.
• Measure, track and monitor product performance. Analyze market changes and emerging trends affecting pricing and profitability of the products and make recommendations on rates to management with supporting documentation to ensure strong profitable revenue growth.
• 3-5 years of relevant experience in a similar role with the ability to apply actuarial methods to develop insurance rating and pricing structures, compile, analyze, present and translate findings from analytics to concrete suggestions for business opportunities and to facilitate decision making.
• Advanced programming knowledge and data processing abilities (using tools such as MS Office, Power BI and languages such as VBA, Python, SQL).
• Strong analytical and problem-solving skills and looking for efficient, automated solutions.
• Organizational and time management skills to prioritize workloads and multiple projects and meet time sensitive deadlines with high degree of accuracy.
• Ability and desire to learn and adapt quickly to a changing and fast-paced environment.
• Strong interpersonal and communication skills in effectively working within a team and collaborating with several business partners.
• Strong written and oral communication skills.
• P&C and Insurance analytics experience including a strong understanding of earned premium, incurred claims, loss development and deriving loss costs is an asset.
• Strong team player, able to contribute in a collaborative environment.
• A positive, professional attitude is essential for this role.

Company Benefits:

We are pleased to offer our employees great benefits and resources to support their mental, physical and financial wellbeing. These include:

• An engaging and collaborative environment that promotes continuous learning and development.
• A hybrid work environment that combines weekly in-office and remote days.
• A great compensation package including an annual company bonus.
• Competitive company-paid flexible health and dental benefits, starting on your first day.
• Flexible dollars provided by the company to put towards a Health Spending Account and/or Wellness Spending Account.
• Wellness program with tools and resources supporting your mental, physical, and financial wellbeing – on and off the job.
• Participation in the DC Pension Plan with a progressive employer contribution scale based on tenure starting at 4%, plus optional company match in the RRSP plan.
• Generous time off including vacation, personal days, unplanned time, Statutory Holidays and company-wide early closure half-days.
• Learning and development programs and resources, including unlimited access to LinkedIn Learning, Education Assistance Program, and reimbursement for professional fees.
• Employee Referral Program and Recognition Program.

HSB Canada is committed to providing a work environment that is inclusive and free of employment barriers and discrimination. Accommodations will be made for qualified applicants with a disability throughout the recruitment process. If you receive a request for an interview and you have a disability which will require an accommodation to support your participation, please consult with Human Resources or contact [e-mail] as soon as practical so that suitable accommodations can be arranged.

We thank all candidates for their interest; however only those selected for interview will be contacted.