Senior Actuarial Analyst

Co-operators; Toronto; Hybrid; CAD 70,000 - 116,000; Full time

Benefits offered by this job

Training & development

Flexible work options

Total rewards package

Volunteer days

Health and wellness programs

Job summary

CGIC in Ontario seeks a pricing actuary for commercial auto, hybrid role with 2 days in office. You will work on rating engines using Earnix, analyze portfolio profitability, and support rate implementation.

You have a degree in Mathematics or Actuarial Science, 2 years P&C experience, and familiarity with Earnix or similar engines. English required; French is an asset. A supportive team culture and development opportunities are offered.

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.
• Experience supporting actuarial projects and/or reserve analysis.
• ACAS or FCAS designation is an asset.

Responsibilities

• Join strategic initiatives in a collaborative pricing team and develop rating engines using Earnix.
• Participate in pricing projects, analyze profitability, and support rate implementation.
• Work with modeling tools and data sources to support strategic objectives.
• Explain actuarial concepts to business partners and document key functions.
• Improve actuarial practices and lead small to medium projects with timelines.

Skills

Communication

Teamwork

Problem solving

Project management

Education

Mathematics or Actuarial Science degree

ACAS/FCAS designation asset

Tools

Earnix

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.

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 $69,660.00 to $116,100.00 CAD

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.

Incentive/Variable pay

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.