Senior Actuarial Analyst/Consultant – Commercial Pricing

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

Job summary

An established industry player is seeking a Senior Actuarial Analyst/Consultant to provide insights and drive pricing strategies in the commercial insurance sector. This role involves leveraging advanced analytics and actuarial techniques to analyze trends, identify risks, and ensure competitive pricing. Collaborating with a talented team, you will have the opportunity to communicate complex findings clearly to stakeholders, enhancing decision-making across various departments. Join a company that values your well-being and career growth, offering competitive salaries, flexible benefits, and a supportive community-focused environment.

Benefits

Employee share purchase plan

Pension plans

Flexible health benefits

Wellness programs

Education assistance

Leadership training

Volunteer days

Discounts on staff insurance

Qualifications

• 5+ years of experience in actuarial-related fields.
• In-depth knowledge of commercial insurance products.

Responsibilities

• Price complex commercial risks and ensure rate adequacy.
• Communicate results to non-actuarial stakeholders.

Skills

Actuarial techniques

Data analysis

Statistical modeling (GLMs)

Communication skills

Problem-solving

Education

Post-secondary education in Actuarial Science

Associate designation with CAS or CIA

Tools

Excel

SAS

SQL

Python

PowerPoint

Job description

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What it's like to be a Northbridge Senior Actuarial Analyst/Consultant

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.

We want your talent

If you are great at:

• Using actuarial techniques to price complex commercial risks and ensure rate adequacy.
• Developing and validating key assumptions to support pricing accuracy and decision-making.
• Understanding products, underwriting strategies, and market dynamics to provide informed recommendations.
• Clearly documenting methodologies to make complex actuarial concepts accessible.
• Effectively communicating results and recommendations to non-actuarial stakeholders.
• Performing deep dive analysis
• Reviewing actuarial planning indications

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.

We really mean it when we say we put you first. Here are a few ways how:

• 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 CIP, FCIP, CRM or other courses desired, 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 companies. 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.