Senior Actuarial Analyst/Consultant – Commercial Pricing

Northbridge Financial; Toronto; On-site; CAD 70,000 - 110,000; Full time

Job summary

An established industry player is seeking an Actuarial Analyst to provide insights that drive strategic decisions across various teams. In this dynamic role, you will utilize your actuarial expertise to analyze trends and develop pricing strategies that align with business objectives. Collaborating with actuaries and data scientists, you will leverage advanced analytics and predictive modeling to enhance pricing optimization. This hybrid position offers a unique opportunity to work from home and the office, ensuring a balanced work-life experience. Join a company that values your contributions and supports your professional growth while making a meaningful impact in the insurance sector.

Benefits

Employee share purchase plan

Pension plans

RRSP

Discounts on staff insurance

Flexible health benefits

Wellness programs

Education assistance

Leadership training

Donation matching

Team volunteer days

Qualifications

• 5+ years of experience in actuarial roles with strong analytical skills.
• In-depth knowledge of commercial insurance and pricing techniques.

Responsibilities

• Price complex commercial risks and ensure rate adequacy.
• Investigate trends in losses and communicate findings to stakeholders.

Skills

Actuarial Techniques

Data Analysis

Statistical Models

Communication Skills

Problem Solving

Education

Post-secondary education in Actuarial Science

Associate designation with CAS or CIA

Tools

Excel

PowerPoint

SAS

SQL

Python

Job description

PURPOSE:

Our Actuarial Analysts are known in the organization for being the experts in providing insights to many teams, including claims, finance, and underwriting; allowing us the ability to best serve our customers while mitigating risk. They use their strong actuarial knowledge to analyse trends, identifying emerging risks and ensuring pricing strategies align with business objectives. The team leverages data-driven insights to enhance rate adequacy, competitiveness, and profitability across the commercial portfolio.

They are passionate about digging deep into the data to uncover meaningful insights and providing their take on what we should do next – this doesn’t just mean being good with numbers – it also means being able to explain complex findings in a clear, compelling way to leaders without an actuarial background. Working in collaboration with other actuaries and data scientists within our team, there are opportunities to utilize advanced analytics, and predictive modeling to refine pricing structure and ensure that Northbridge stays on the cutting edge in this competitive industry.

KEY ACCOUNTABILITIES:

Large Account Pricing and Experience Rating

• Use actuarial techniques to price complex commercial risks and ensure rate adequacy.
• Develop and validate key assumptions to support pricing accuracy and decision-making.
• Understand products, underwriting strategies, and market dynamics to provide informed recommendations.
• Clearly document methodologies to make complex actuarial concepts accessible.
• Effectively communicate results and recommendations to non-actuarial stakeholders.

Perform Deep Dive Analysis

• Investigate trends in losses, premiums, and exposures to uncover underlying causes of performance challenges.
• Perform in-depth assessments of specific segments, risk factors, and emerging issues.
• Translate complex data into clear findings that inform pricing, underwriting and business decision.
• Communicate results of various analyses to management and other stakeholders.

Review Actuarial Planning Indications

• Analyse historical performance of planning segments to identify trends.
• Use actuarial techniques and market data to forecast future performance.
• Communicate results and assist regional stakeholders in selecting planning loss ratio and rate changes.

Develop and Enhance Pricing Optimization

• Build, refine and maintain actuarial pricing predictive models to reflect emerging trends and market conditions.
• Gather feedback from business stakeholders on rates, ensuring the pricing strategy aligns with market.
• Collaborate with regional stakeholders to review rate strategies and ensure alignment with business objectives.

Supervise and provide assistance, training and coaching to other employees to efficiently use standard actuarial techniques.

Other related duties as assigned.

We want your talent:

If you have:

• Post-secondary education with a major in Actuarial Science, Mathematics, or a related field.
• Associate or near-Associate designation with CAS or CIA
• Minimum 5 years of experience in an actuarial related field
• In-depth knowledge of commercial insurance product and strong understanding of actuarial pricing techniques (including GLMs and other statistical models)
• Advanced proficiency in actuarial tools and programming languages such as Excel, PowerPoint, SAS, SQL and Python.
• High preference for candidates with Quebec market experience and bilingual proficiency (English & French)
• Ability to clearly communicate technical concepts and findings to non-actuarial stakeholders.

WORKING CONDITIONS:

• Hybrid work! You get to work from the office and at home 50/50, allowing you to manage both worlds with the ease and flexibility you need.
• We offer competitive salaries and support your financial health through our employee share purchase plan, pension plans, RRSP, discounts on staff insurance, and more!
• We help you prioritize your well-being from day one through flexible health benefits, early leave days, wellness programs, rewards, and recognition programs.
• We are invested in helping you grow in your career through education assistance to complete your FCAS and FCIA, internal mobility, leadership training and mentoring programs.
• NBFC cares about the community and supports the causes you believe in with donation matching and team volunteer days.

Who we are:

We’re Northbridge Financial. We’re proud to be 100% Canadian and owned by Fairfax Financial. We serve through our Northbridge Insurance, Federated Insurance, and TruShield Insurance brands. We have a reputation for being one of Canada’s leading commercial property and casualty insurance company. Our employees are dedicated to understanding the needs of our customers and we go above and beyond to help Canadian businesses have a safer and brighter future. We’re a company of passionate people who put people first. Do you want to join a team that believes in working hard – and having fun at work – all while making a difference? Look no further than Northbridge.

At Northbridge Financial we embrace and celebrate you and are committed to creating an inclusive workplace for all! No matter who you are or what makes you unique, we welcome you. Please let us know how we can assist or accommodate you during the selection process.