Senior Actuarial Analyst

Co-operators General Insurance Company; Quebec; Hybrid; CAD 70,000 - 116,000; Full time

Benefits offered by this job

Training and development opportunities

Flexible work options

Volunteer days

Total rewards package

Job summary

CGIC in Canada is seeking an Actuarial Analyst II to support pricing initiatives within the Commercial & Farm Pricing team. You will collaborate with actuarial colleagues and business partners to ensure profitability for P&C lines, focusing on commercial auto pricing projects.

This role offers a hybrid work model (2 days in office), English language requirements with French as an asset, and opportunities for training, development and a comprehensive rewards package.

Qualifications

• Post-secondary degree in Mathematics, Actuarial Science or related discipline.
• 2 years of experience in the Property and Casualty field.
• Working knowledge of modeling software and programming languages such as Earnix or other live rating engines.
• Having or working towards ACAS or FCAS designations is an asset.
• This role primarily works with non-Francophone groups, and requires English proficiency.

Responsibilities

• Support pricing initiatives and analyze portfolio profitability.
• Develop rating algorithms and support rate implementation.
• Collaborate with actuarial teams and business partners on projects.
• Lead small to medium projects within the team and report on timelines.
• Communicate actuarial concepts to business partners and document key functions.

Skills

Pricing analytics

Earnix

Actuarial modeling

Communication

Team collaboration

Education

Bachelor's degree in Mathematics/Actuarial Science or related discipline

Tools

Earnix

Live rating engines

Job description

Company: CGIC
Department: Commercial & Farm Pricing
Employment Type: Regular Full-Time
Work Model: Hybrid (2 days in office)
Language: English is required, French is an asset.

The Opportunity:

We are a leading Canadian financial services co-operative committed to being a catalyst for a sustainable and resilient society and our team is essential to deliver on this strategy. That’s why we prioritize our people, to ensure we provide a strong culture and development opportunities which enables our team to thrive and to live our purpose. The best part is that you will work with people that care passionately about you, our clients and our communities.

As an Actuarial Analyst II you are a key player to support pricing initiatives. You will work collaboratively with actuarial teams and business partners to support actuarial projects to ensure the profitability of property and casualty (P&C) lines of business. You will work on commercial auto related projects.

How you will create impact:

• Joining strategic initiatives in a highly collaborative team of commercial auto pricing actuaries impacting multiple entities. Develop expertise and build rating engine using Earnix.
• Participating in a variety of pricing projects, including analyzing portfolio profitability, developing and improving rating algorithms, impact analysis, and supporting rate implementation.
• Working with advanced modeling softwares, various data sources and programming languages to contribute to strategic objectives.
• Communicating actuarial concepts to business partners and maintaining documentation of key actuarial functions.
• Improving existing actuarial practices and procedures in alignment with emerging trends and best practices in the insurance industry and actuarial landscape.
• Leading small to medium sized projects within the team, including developing, following, and reporting on timelines.

To join our team:

• Having knowledge of commercial auto is an asset.
• You have completed a post-secondary degree in Mathematics, Actuarial Science or related discipline.
• You have 2 years of experience in the Property and Casualty field.
• You have working knowledge of modeling softwares and programming languages such as Earnix or other live rating engines.
• You have experience supporting Actuarial projects and/or completing reserve analysis and reporting.
• Having or working towards the ACAS or FCAS designations is an asset.
• This position primarily works with majority non-francophone groups, and teams located outside of Québec, and requires proficiency in English. The essential non-French duties are not assignable to adjacent or other team members.

How you will succeed:

• You influence change and are committed to continuous improvement, in order to exceed client expectations.
• You leverage critical thinking skills to identify problems and proactively propose solutions.
• Your strong communication skills allow you to clearly convey messages.
• You’re an effective team player who shares knowledge to support our peers.

What you need to know:

• You will be subject to a Background check as a condition of employment, in the event you are the successful candidate.

What’s in it for you?

• Training and development opportunities to grow your career.
• Flexible work options and paid time off to support your personal and family needs.
• A holistic approach to your well-being, with physical and mental health programs and a supportive workplace culture.
• Paid volunteer days to give back to your community.
• In addition to our competitive salary and incentive programs, eligible employees also benefit from a comprehensive total rewards package including group retirement savings plans, pension and benefits (\"e.g.,\" health and wellness, dental, disability and life coverage), mental health support and an employee assistance program.

Salary information

Expected salary $69,660.00to$116,100.00CAD

Salary placement

The salary amount for the successful candidate is determined by Co-operators in its discretion and will vary depending on several criteria including but not limited to: local market conditions, geography and relevant job-related factors such as knowledge, skills, qualification, experience and education.

Employees may also have the opportunity to participate in incentive programs and earn additional compensation tied to individual and/or business performance, or other business metrics.