Sr Analyst, Actuarial - Pricing

Definity Financial Corporation; Waterloo; 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 mentor junior analysts. In this role, you will engage in diverse business initiatives, collaborate on rate filings, and develop solutions for emerging trends. You'll gain valuable exposure to product development and actuarial operations, while working on high-impact projects that enhance your career growth. This position offers a unique opportunity to interact with various stakeholders and drive process efficiencies across departments, making it an exciting opportunity for those passionate about the insurance industry.

Qualifications

• Experience with actuarial models and data analysis.
• Strong communication skills for conveying actuarial concepts.

Responsibilities

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

Skills

Actuarial modeling

Predictive modeling

Data analysis

Project management

Stakeholder engagement

Education

Bachelor's degree in Actuarial Science 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?

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