Sr Analyst, Actuarial

Definity; Toronto; Hybrid; CAD 76,000 - 146,000; Full time

Job summary

An established industry player is seeking a Sr Analyst, Actuarial to join their dynamic team. This role offers the opportunity to lead modeling projects and contribute to innovative solutions that enhance business performance. With a hybrid work environment, you'll collaborate with talented professionals while gaining exposure to the entire model lifecycle. The company values diverse perspectives and fosters an inclusive culture, ensuring every employee feels empowered to thrive. If you're passionate about data science and actuarial practices, this role is an exciting chance to make a significant impact.

Benefits

Hybrid work schedule

Company share ownership

Pension and savings with company-matched RRSP

Volunteer days and charitable donation matching

Educational resources and tuition support

Wellness and recognition programs

Product and service discounts

Qualifications

• 3+ years of relevant experience in actuarial or data science roles.
• Ability to work collaboratively and independently on projects.

Responsibilities

• Lead development and updating of predictive models.
• Engage with stakeholders to develop solutions for business challenges.

Skills

Python

R

SQL

Machine Learning Algorithms (GLM, GAM, XGBoost)

Strong Communication Skills

Innovative Mindset

Education

Degree in Actuarial Sciences, Mathematics, or Statistics

Completion of at least 4 CAS exams

Tools

Google Cloud

Job description

Join to apply for the Sr Analyst, Actuarial role at Definity.

Definity is the parent company to some of Canada’s most long-standing and innovative insurance brands, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. Our ambition is to be one of Canada’s leading and most innovative property and casualty insurers. We embrace a culture that is collaborative, ambitious, rewarding, and empowering.

We offer a flexible, hybrid work experience where employees work from the office and virtually depending on their work and team needs. Bring your true self and be part of our journey. It’s better here.

Reporting to the Personal Insurance Modelling & Pricing Analytics Manager, your responsibilities include contributing to modeling projects using advanced machine learning techniques, providing innovative solutions, and mentoring junior analysts. This role bridges data science and actuarial ratemaking, working with rating teams to ensure success. Projects involve creating loss cost, demand, and market premium models, improving tools and processes, and analyzing data to enhance our business mix. You will gain exposure to the entire model lifecycle across multiple lines of business, with leadership opportunities, interaction with senior management, and career growth potential.

What can you expect in this role?

• Lead the development and updating of predictive models
• Develop solutions for current and emerging business challenges
• Engage with internal and external stakeholders
• Identify process efficiencies in modeling
• Use database and predictive modeling expertise to inform strategic decisions
• Handle routine requests related to reports and processes independently
• Manage project timelines effectively
• Communicate actuarial concepts and recommendations clearly to management
• Monitor and evaluate model performance
• Conduct peer reviews of technical and analytical work

What do you bring to the role?

• Degree in a quantitative field such as Actuarial Sciences, Mathematics, or Statistics
• Completion of at least 4 CAS exams
• 3+ years of relevant experience
• Proficiency in Python, R, and SQL; familiarity with Google Cloud is a plus
• Knowledge of machine learning algorithms like GLM, GAM, XGBoost
• Strong communication skills for technical and non-technical audiences
• Innovative mindset and willingness to challenge the status quo
• Ability to work collaboratively and independently

Salary Range: $76,100 - $146,000

Interested but don’t meet all requirements? We encourage you to apply! We value diverse backgrounds and perspectives to improve insurance. Inclusion, diversity, and equity are essential to our success.

What’s in it for you?

• Hybrid work schedule
• Company share ownership
• Pension and savings with company-matched RRSP
• Volunteer days and charitable donation matching
• Educational resources and tuition support
• Inclusive environment supporting gender affirmation, BIPOC counselors, and working parents
• Wellness and recognition programs
• Product and service discounts

Salary varies by location, skills, and experience. Eligible employees may participate in incentive plans based on performance.

At Definity, we’re recognized as one of Canada’s Best Workplaces for women, youth, and inclusion. Our environment supports accessibility. For accommodations, contact [email protected].

This role requires successful background checks, including criminal and reference checks.

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Finance and Sales

Industries

• Insurance