Senior Actuarial Analyst - Large Accounts & Rate Indications

Co-operators; Toronto; Hybrid; CAD 80,000 - 100,000; Full time

Job summary

A leading Canadian financial services co-operative seeks a Senior Actuarial Analyst to support large account reviews and rate indications. The role involves collaborating with actuarial teams, enhancing client experiences, and utilizing advanced modeling tools to achieve strategic objectives. The ideal candidate will have a strong background in mathematics or actuarial science and experience in the Property and Casualty field.

Benefits

Training and development opportunities

Flexible work options

Paid volunteer days

Comprehensive total rewards package

Qualifications

• 2 years of experience in the Property and Casualty field.
• Experience supporting Actuarial projects and/or completing reserve analysis.

Responsibilities

• Developing rate indications for Pricing Alliance business units.
• Leading small to medium sized projects within the team.
• Communicating actuarial concepts to business partners.

Skills

Critical Thinking

Communication

Innovative Mindset

Education

Post-secondary degree in Mathematics

Actuarial Science

Tools

Modeling Softwares

Programming Languages

Job description

Senior Actuarial Analyst - Large Accounts & Rate Indications

Company: CGIC
Department: Commercial & Farm Pricing
Employment Type: Regular Full Time
Work Model: Hybrid
Language: English is required, French is an asset
Additional Information: This/these role(s) is/are currently vacant

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.

Our Farm & Commercial insurance team aspires to be the industry leader by meeting the evolving needs of Canadian businesses and farm operations. Our passionate team is committed to enhancing the client experience and delivering operational efficiencies by investing in leading edge technology and leveraging analytics to achieve strategic objectives.

As a Senior Actuarial Analyst you are a key player supporting large account reviews and rate indications. 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.

How you will create impact:

• Developing rate indications to support the Pricing Alliance business units in achieving their financial objectives.
• 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.

How you will succeed:

• You have an innovative mindset to improve operational efficiencies and ability to influence change, with a primary focus on client needs.
• You use critical thinking skills to recognize assumptions, evaluate arguments, draw conclusions and proactively propose solutions.
• You have strong communication skills to clearly convey messages and explore diverse points of view.
• You build trusting relationships and provide guidance to support the development of colleagues.

To join our team:

• 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.
• You have experience supporting Actuarial projects and/or completing reserve analysis and reporting.
• Having or working towards the ACAS/ACIA or FCAS/FCIA 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.

What you need to know:

• Detail oriented work that requires a high degree of mental concentration for extended periods of time.
• 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.