Senior Actuarial Analyst - Corporate Actuarial - Reserving (All Levels)

Wawanesa Insurance; Toronto; Hybrid; CAD 65,000 - 170,000; Full time

Job summary

The Wawanesa Mutual Insurance Company in Canada is seeking an actuarial professional to lead valuation analyses and financial reporting for actuarial reserves. You will improve reporting sophistication through automation, data manipulation, and advanced techniques while mentoring analysts.

This head-office role communicates with stakeholders across Canada. Note: Opportunities at Senior Actuarial Analyst, Actuarial Consultant, or Senior Actuarial Consultant levels are available, with a hybrid

Qualifications

• Post-secondary degree in Actuarial Science, Mathematics, Statistics, or related discipline.
• More than four years of actuarial experience an asset; Associate of the Casualty Actuarial Society or equivalent.

Responsibilities

• Extracts, and manipulates complex data from relevant sources, and assesses data quality.
• Supports the business and team by performing analyses/reviews and completing ad-hoc requests in a timely manner.
• Evaluates processes to find areas for increased efficiency and opportunities for automation.
• Mentors actuarial analysts and provides guidance throughout projects.

Skills

SQL

R

Excel

Power BI

Education

Post-secondary degree in Actuarial Science, Mathematics, Statistics, or related discipline

Associate of the Casualty Actuarial Society or equivalent

Tools

Arius

Job description

Job ID:

10386

Employment Type:

Existing Role

Work Environment:

We offer a hybrid work environment that offers flexibility to our employees in balancing in-office (2 days per week OR 15 hours per week in a Wawanesa office) and remote work. You may work from any of the following locations: Winnipeg, MB; Wawanesa, MB; Vancouver, BC; Calgary, AB; Edmonton, AB; Lethbridge, AB; Toronto (North York), ON; Kitchener, ON; Ottawa, ON; Montreal, QC; Quebec City, QC; Moncton, NB; Dartmouth; NS.

Working Business Language:

English. This role is considered a head-office role and will be required to communicate with internal stakeholders across Canada where the primary business language utilized is English.

Salary:

At Wawanesa, salary is only one component of a holistic, comprehensive and competitive offering that we provide to our employees. In addition to salary, full-time and part-time permanent employees are eligible for an annual bonus plan, leave of absence top-up programs and provided with generous vacation time, personal days, premium free benefits and pension plan.

The salary offered for this role is determined with consideration to various factors, including but not limited to: your work location, local labour market conditions, external market salary data, internal pay equity and the knowledge, skills, experience and anticipated proficiency in the role. The salary offered is estimated to be within the following range. Candidates with salary expectations outside of the range are still encouraged to apply.

• Actuarial Analyst $65,000 - $95,000
• Senior Actuarial Analyst $90,000 - $110,000
• Actuarial Consultant $105,000 - $130,000
• Senior Actuarial Consultant $120,000 - $145,000
• Actuarial Expert $135,000 - $170,000

About The Wawanesa Mutual Insurance Company

Founded in 1896, The Wawanesa Mutual Insurance Company is one of Canada’s largest mutual insurers, fully owned by its more than 1.8 million members. Headquartered in Winnipeg, Wawanesa is the parent company of WSI™, a specialty insurer delivering tailored solutions built around unique needs; Wawanesa Life, a provider of life insurance products; and Western Financial Group, a leading national distributor of personal and commercial insurance.

Wawanesa is committed to helping communities thrive in a changing world. The company invests more than $4 million annually in charitable initiatives, including $2.5 million each year to support people and communities on the front lines of climate change. Learn more at wawanesa.com.

We are currently seeking dedicated, driven, and enthusiastic individuals who thrive in a dynamic environment, embrace change, and are eager to gain diverse experience while advancing their careers as part of a growing team.

Job Overview

As a member of our Reserving function, you will lead the completion of high-quality valuation analysis, as well the financial and regulatory reporting of our actuarial reserves. Your focus will be on deriving insights from this analysis and communicating these to our key stakeholders. In addition, you will prioritize improving the sophistication of our actuarial financial reporting through process enhancements, automation, data manipulation, reporting capabilities, and advancement of our reserving techniques. Providing contributions to the actuarial group based on your knowledge from the actuarial exam system, as well as your prior relevant academic and work experience is expected. You will be a mentor and coach for actuarial analysts while working through complex analysis in the pursuit of solving business problems and answering business questions.

Note: We are open to hiring at the Senior Actuarial Analyst, Actuarial Consultant or Senior Actuarial Consultant level.

Job Responsibilities

• Extracts, and manipulates complex data from relevant sources, and assesses data quality.
• Supports the business and overall team by performing analyses/reviews and completing ad-… requests/special projects in a timely manner with minimal support from peers and leaders. Evaluates procedures and processes, and recommend alternatives or improvements.
• Evaluates existing processes to find areas for increased efficiency. Identifies opportunities for automation of routine tasks and implements advanced techniques. Develops new approaches to problem solving and assesses impacts of solution options with minimal support from leaders.
• Encouraged to represent Wawanesa at external events that may include universities, actuarial clubs, industry organizations, and charitable causes.
• Commits to professional development and continuous experiential learning to build cross-functional knowledge, technical skills, and mastery in competencies.
• Provides regular project updates to stakeholders. Anticipates obstacles and raises them in advance.
• Leads projects from beginning to end. Includes implementation of final product.
• May include training and documentation of the project.
• Actively contributes to the mentorship, training and development of actuarial analysts.
• Provides feedback, instruction, and development guidance to help others excel in their current or future job responsibilities.
• Builds trust and credibility with peers. Develops strong working relationships across teams.

Qualifications

• Post-secondary degree in Actuarial Science, Mathematics, Statistics, or other related discipline.
• More than four years of actuarial experience an asset. Associate of the Casualty Actuarial Society or equivalent. Advanced knowledge of actuarial science, mathematics, probability, statistics, principles of finance and business, and strong ability to apply this knowledge to problems in insurance.
• Ability to develop efficient and viable solutions to problems and assess impacts of these solutions.
• Advanced proficiency with SQL and R, and/or other related programming languages. Advanced proficiency in Excel and Power BI and/or equivalent.
• Advanced proficiency in reserving software such as Arius. Ability to easily adapt to new enterprise system environments.
• Effective communicator with proven presentation skills.
• Works well in a team setting, contributes to team spirit and shared objectives. Adept at supporting and mentoring colleagues.
• Works openly and transparently in collaboration with business partners.
• Shows strong initiative, autonomy, and a desire to win.

Diversity Equity, Inclusion & Belonging

At Wawanesa, we are committed to Diversity, Equity, Inclusion and Belonging (DEIB) and believe that our strength lies in the diversity of our people – this is supported by having a representative workforce.

We welcome applications from all qualified candidates, including racialized persons, women, Indigenous Peoples, persons with disabilities, members of the 2SLGBTQIA+ community, gender-diverse and neurodiverse individuals, and anyone who can contribute to the further diversification of thought and ideas.

We aim to ensure our recruitment process is accessible to all candidates. If you require accommodations during any stage of the recruitment process, please reach out in confidence to [e-mail].

All Wawanesa job applicants are subject to Wawanesa's Privacy Policy.

Please note that the recruitment process for this position may involve the use of AI tools to screen, assess, or select applicants. All final decisions are taken or reviewed by human recruiters and human hiring leaders in compliance with all applicable legislation.