Sr Analyst, Actuarial - Pricing

Definity Financial Corporation; Toronto; On-site; CAD 70,000 - 100,000; Full time

Job summary

A leading company in insurance is seeking an actuarial analyst to engage in diverse pricing projects. This role offers mentorship opportunities while managing rate filings, developing tools, and enhancing process efficiencies. Candidates should have a strong actuarial background with skills in predictive modeling and data analysis.

Qualifications

• Experience in pricing or actuarial roles preferred.
• Ability to analyze data for profitability and reporting.
• Familiarity with insurance products and operations.

Responsibilities

• Contribute to pricing projects using actuarial models.
• Manage rate filings and develop new pricing strategies.
• Communicate findings and recommendations to management.

Skills

Predictive modeling

Data analysis

Communication

Project management

Education

Actuarial degree or related field

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.
• 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.