Senior Manager, Farm and IRCA Pricing

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

Job summary

A leading Canadian financial services co-operative is hiring a Senior Manager of Farm and IRCA Pricing in Montreal. This role requires 5+ years in the actuarial field and involves leading a team and overseeing pricing models. The position offers a hybrid work environment with training opportunities and a comprehensive total rewards package.

Benefits

Training and development opportunities

Flexible work options

Mental health support

Paid volunteer days

Qualifications

• 5+ years of experience in the Actuarial field.
• 3+ years of progressive leadership experience.
• Experience in the insurance industry sector.
• Holding an Actuarial designation (ACAS / ACIA, FCAS / FCIA) is an asset.

Responsibilities

• Lead the Farm and individually-rated commercial auto (IRCA) book of business.
• Coach and develop your team and manage performance.
• Oversee development of pricing models that meet high quality standards.
• Ensure usage of appropriate actuarial tools and techniques.

Skills

Leadership

Critical thinking

Actuarial concepts

Pricing segmentation techniques

Insurance concepts

Education

University degree in Actuarial, Mathematics, Statistics or relevant field

Job description

Overview

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 Property & Casualty (P&C) Pricing team is considered an industry leader in the application of actuarial science. Our diverse, skilled team is action-oriented and strives to proactively deliver effective solutions and results. Our success is enhanced by forming strategic partnerships and continuously surpassing the industry in the advancement of science and analytics.

The Senior Manager of Farm and IRCA Pricing will lead the Farm and individually-rated commercial auto (IRCA) book of business by supporting the delivery of profitable growth solutions and partner with broader organization to drive business results using pricing expertise. You will contribute to decisions and strategies to meet corporate financial targets and foundational pricing practices to support the Farm & IRCA business units in achieving financial targets.

How you will create impact

• Coaching and developing your team, recruiting, and selecting talent, managing, and rewarding performance, and fostering an agile culture to deliver on strategic objectives.
• Participating in the elaboration of the project roadmap which includes defining, measuring, and communicating the benefits of analytics solutions & contributing to project budgeting and resource management for its line of business projects.
• Overseeing the development, maintenance, and improvements our pricing models & non-pricing models that meet high quality standards and adequately forecast the future, considering all variables that might affect our results in the future results.
• Ensuring usage of appropriate actuarial tools and techniques, including but not limited to rating plan development, operational research, rate level etc. to ensure delivery of profitable growth solutions to drive business results.
• Participating in the elaboration of best practices with regards to pricing models and ensuring application of model governance principles within their team.
• Understanding any adverse downstream impacts of proposed changes and proposing implementation strategies to minimize and mitigate them. Seeking efficiencies in implementation processes, considering various systems and stakeholders, with the goal of reducing the time to market for new initiatives.

How you will succeed

You build trusting relationships and provide feedback to enable the successful development of your team and colleagues.

You foster innovation and continuous improvement with a focus on client experience.

You facilitate the adoption of change and create a high-performance culture through alignment of your team’s work with organizational goals.

You successfully convey messages and demonstrate openness to exploring alternative points of view.

You use critical thinking to guide decision making and apply a strategic mindset to adjust business plans based on shifting priorities.

To join our team

• You have 5 or more years of experience in the Actuarial field.
• You have 3 or more years of progressive leadership experience.
• You have a university degree in Actuarial, Mathematics, Statistics or other relevant field.
• You have experience working in the insurance industry sector.
• You have expert knowledge in Actuarial concepts: Pricing segmentation techniques, loss ratios, expense allocation, earned premiums, etc. and expert knowledge of Insurance concepts and practices, of P&C products and underwriting & of the insurance industry landscape and competitive environment.
• You have good understanding of business operations, strategies, and processes.
• You have comprehensive understanding of internal and industry standards, aswell as of the changing business environment and understanding of the regulatory environment.
• You have in-depth understanding of the business dynamics of your own department / district.
• Holding an Actuarial designation (ACAS / ACIA, FCAS / FCIA) is an asset.
• Experience with Auto regulation 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 to expect

You will travel occasionally.

As a leader, strict confidentiality is required with respect to sensitive matters and employees’ personal information.

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 (, health and wellness, dental, disability and life coverage), mental health support and an employee assistance program.