Actuarial Consultant - Pricing
Wawanesa Insurance
Nepean, ON, CA, K2E-7W5
5d ago

Job Overview

Our commercial insurance Actuary Pricing team is expanding, and we are looking for exceptional candidates to take on the role of Actuarial Consultant in the Commercial Auto Pricing Team.

In this role, you will analyze data, conduct predictive modeling, and use traditional pricing analysis on our existing and new commercial auto products for all Canadian jurisdictions.

You will use your actuarial techniques to identify and solve business problems. In addition, you are expected to provide actuarial services or support to other pricing, corporate actuarial, product development, and system design projects.

Job Responsibilities

Rate Review and propose pricing actions to solve business problems

  • Review loss experience of commercial auto portfolio, perform rate indication analysis and communicate results to team members and other stakeholders outside of actuarial functions, such as Product and Underwriting teams
  • Review rating algorithms utilizing latest predictive modeling technique to ensure the rating structure is reflective of emerging trends
  • Produce filing documents to regulators and explain the rationale of proposed changes clearly and concisely
  • Quantify impact of pricing proposals and prepare presentations to relevant stakeholders
  • Portfolio results monitoring

  • Monitor the profitability performance of commercial auto products by region, product, and various business initiatives
  • Design monitoring tools to identify key trend on products’ competitiveness, growth, and profitability performance
  • Communicate results to team members and relevant stakeholders
  • Peer Review and Mentoring

  • Review analysis of others for reasonableness, completeness, and accuracy
  • Train / coach other actuarial staff on actuarial methods and actively share expertise with peers
  • Perform other duties as assigned
  • Qualifications

  • Undergraduate university degree in Actuarial Mathematics, Statistics, Mathematics or other related field of study
  • Associate of the Casualty Actuarial Society, Associate of the Society of Actuaries, or equivalent.
  • Minimum of 5 years’ prior work experience in insurance or related field. P&C actuarial pricing experience required
  • Positive attitude. Ability to adapt to change. A team player.
  • Innovative. Strong analytical skills. A critical thinker.
  • Understanding of database systems and how to interpret / extract data from those systems
  • Ability to apply knowledge of actuarial science, mathematics, probability, statistics, principles of finance and business to problems in insurance
  • Ability to ask effective questions to elicit detailed and relevant information
  • Proficiency with relevant modeling software such as Emblem, R, SAS would be an asset
  • Knowledge of Radar and Classifier is preferred

    Wawanesa provides its employees with a respectful , challenging and rewarding environment where they can maximize their potential while contributing to the company’s goals.

    Our full-time permanent employees are provided with highly competitive compensation packages (salaries, generous vacation allowance, leave top up, annual bonus plan, premium free benefits and a pension plan).

    Wawanesa provides a stable environment for its employees in today’s challenging markets.

    Wawanesa is an equal opportunity employer and is committed to fostering a diverse workforce that is equitable and inclusive for all.

    Wawanesa provides equal employment opportunity to all employees and applicants without regard to an individual’s protected status : race / ethnicity, colour, religion, creed, sex or gender, sexual orientation, gender identity or expression, family or marital status, pregnancy / childbirth or related conditions, national origin, disability, military or veteran status, or any other protected status.

    Accommodations are available upon request throughout all aspects of the selection process.

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