Sr Analyst, Actuarial - Pricing

Definity Financial Corporation; Toronto; On-site; CAD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking an Actuarial Analyst to contribute to innovative pricing projects and enhance their actuarial operations. In this role, you will engage in diverse initiatives, from creating new pricing strategies to collaborating on rate filings. You'll gain invaluable exposure to product development and project leadership opportunities, while working closely with both internal and external stakeholders. This position offers a unique chance to develop your skills in predictive modeling and actuarial analysis, paving the way for significant career growth in the insurance sector.

Qualifications

• Experience in actuarial operations and insurance business.
• Strong analytical skills with a focus on profitability.

Responsibilities

• Contribute to pricing projects using actuarial models.
• Manage rate filings and develop pricing strategies.

Skills

Predictive Modeling

Actuarial Analysis

Data Analysis

Communication Skills

Education

Bachelor's Degree in Actuarial Science

Fellowship in Actuarial Science

Tools

Database Software

Predictive Modeling Software

Job description

Reporting to the Pricing Manager, your responsibilities include contributions to pricing projects using state-of-the-art actuarial models and innovative approaches, as well as coaching and mentoring less experienced analysts. Projects are varied and include managing rate filings, developing new tools and processes, creating rating structures, and monitoring/reporting on overall rate adequacy. In this role, you will gain exposure to rating and product development in personal auto lines, with valuable project leadership opportunities, exposure to higher management, and career development potential.

What can you expect in this role?

• Work on diversified and unique key business initiatives, ranging from diagnostics to creating new pricing strategies.
• Collaborate on and manage rate filings across different regions.
• Participate in creating solutions for current and emerging trends.
• Engage in high-exposure, cross-departmental projects.
• Interact with internal and external stakeholders.
• Identify opportunities for process efficiencies across business areas.
• Develop knowledge of actuarial operations and the insurance business, including predictive modeling, underwriting, claims handling, and product development.
• Utilize database and predictive modeling software to analyze data for profitability and other applications.
• Manage timelines effectively for independent projects and analyses.
• Communicate actuarial concepts and recommendations to management, both verbally and in writing, with supporting documentation.
• Measure, track, and monitor company and industry performance.
• Perform peer reviews on the technical and qualitative analysis of colleagues.