Sr Analyst, Actuarial - Planning

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

Job summary

A leading insurance company is seeking a Sr Analyst, Actuarial - Planning to contribute to loss ratio projections and innovative projects. This role offers exposure to various actuarial teams and opportunities for professional growth in a flexible, hybrid work environment.

Benefits

Hybrid work schedule

Company share ownership program

Pension and savings programs

Paid volunteer days

Educational resources and tuition assistance

Wellness and recognition programs

Qualifications

• 2 to 5 years of full-time actuarial experience in the insurance industry.
• Completion of a minimum of 4-6 CAS/SOA exams or equivalent credentials.

Responsibilities

• Contributions to projections of loss ratios for the 3-year business plan.
• Coaching and mentoring less experienced analysts.

Skills

Communication

Data Analysis

Organizational Skills

Education

University degree in a quantitative field

Tools

SAS

Excel VBA

Python

R

Job description

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

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Join to apply for the Sr Analyst, Actuarial - Planning 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 can’t do that without our people, so we embrace and encourage a culture that’s collaborative, ambitious, rewarding, and empowering.

We offer a flexible, hybrid work experience where employees work from the office and virtually depending on the type of work they are doing and who they are working with. Bring your true self and be a part of our journey. It’s better here.

Reporting to the Planning Manager, your responsibilities include contributions to the projections of the loss ratios for the 3-year business plan as well as its reforecasts each quarter, monitoring, leading innovative projects to improve our processes and coaching and mentoring less experienced analysts. In this role, you will have exposure to all lines of business both personal and commercial and regions as well as opportunities to collaborate with a wide range of teams across other Actuarial teams such as Reserving, Pricing, Strategic Risk, Economic Capital Modeling and external teams such as Finance, Reinsurance and Enterprise Risk Management (ERM). As the Planning team presents the projections, you will also get exposure to higher management.

What could this role bring to you?

• Be a part of a multi-faceted strategic risk team within the Corporate Actuarial department.
• Contribute to various concepts such as catastrophe and large loss analysis, assessing impact of weather change, projection and monitoring of loss ratio, and other risk related queries that impact the business performance
• Develop and apply your experience with spreadsheets, databases, and statistical software to prepare and analyze data for profitability analysis, deep dive analysis, and other diverse applications.
• Communicate actuarial concepts and make recommendations to different stakeholders, including actuarial stakeholders and non-actuarial stakeholders, both verbally and in writing with supporting documentation.
• Produce various data exhibits and analyses relating to measuring, tracking, and monitoring company and industry performance.
• Effectively manage timelines for projects and analysis
• Respond to routine requests of internal and external stakeholders related to standard reports and processes.
• Opportunities to lead and peer review the technical and qualitative work of peers
  
  
  

What could you bring to the role?

• University degree in a quantitative field: Actuarial Sciences, Mathematics or Statistics
• Completion of a minimum of 4-6 CAS/SOA exams or equivalent credentials
• 2 to 5 years of full-time actuarial experience in insurance industry.
• Proficiency in programming language (SAS, Excel VBA, Python or R) is an asset
• Knowledge of IFRS 17 is an asset
• Strong Excel skills and efficient use of Microsoft Word and PowerPoint.
• Strong data analytic skills and a strong interest in learning new knowledge and skills.
• Excellent communication and organizational skills.
• Able to perform well in a busy operation and remain calm under pressure.
• Team player, adaptable to a changing and fast-paced environment.
  
  
  

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

Interested in this role, but don't meet every requirement? We encourage you to apply! We know from experience that a candidate doesn't need 100% of the qualifications listed to bring incredible value to our team. We're actively seeking diverse backgrounds and perspectives to help us make insurance better. At Definity, inclusion, diversity, and equity aren't just "nice to have" — they're essential to our success.

What's in it for you?

• Hybrid work schedule for most roles
• Company share ownership program
• Pension and savings programs, with company-matched RRSP contributions
• Paid volunteer days and company matching on charitable donations
• Educational resources, tuition assistance, and paid time off to study for exams
• Focus on inclusion with employee groups, support for gender affirmation surgery, access to BIPOC counsellors, access to programs for working parents
• Wellness and recognition programs
• Discounts on products and services
  
  
  

Actual salary for the role may vary depending on work location of the successful candidate and other factors including but not limited to, skills, education, experience, working conditions and the local labour market. In addition to base pay, eligible employees may participate in various incentive plans which are paid out at the discretion of the company and subject to individual and company performance.

Go ahead and expect a lot — you deserve it.

It's better here — but don't take our word for it. Definity was named by Great Place to Work as one of the Best Workplaces in Canada for women, for youth, and for inclusion.

Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know by contacting [email protected].

Background checks

This role requires successful clearance of background checks (including criminal checks and leadership references).

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Insurance

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