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Manager, Actuarial Pricing (Remote or Hybrid)

Date: Aug 17, 2022

Location: Toronto, ON, CA, M2P-2B7 Winnipeg, MB, CA, R3C-3P1 Remote - Canada, CA

Company: Wawanesa Insurance

 

We’re proud to give our employees the flexibility to choose how and where they want to work. In this role, you can decide whether your preference is to work from home (remote), work from the office or a hybrid of time spent at both. You may live in and work in any of the following locations: British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland & Labrador and/or the Yukon.  

 

The Wawanesa Mutual Insurance Company, founded in 1896, is Canada’s largest mutual insurer, with $3.9 billion in annual revenue and assets of $10.5 billion. Wawanesa Mutual, with executive offices in Winnipeg, is the parent company of Wawanesa General, which offers property and casualty insurance in California and Oregon; Wawanesa Life, which provides life insurance products and services throughout Canada; and Western Financial Group, which distributes personal and business insurance across Western Canada. With more than 5,700 employees, Wawanesa proudly serves more than two million policyholders in Canada and the United States. Wawanesa is thrilled to be named one of Canada’s Best Employers by Forbes for 2022. This certification recognizes us as a leading employer and reinforces that we’re a company that values our people for who they are and the work they do to support our customers, communities, and brokers. Wawanesa is also a Manitoba Top Employer for 2022 recognizing that we are an exceptional place to work. Wawanesa actively gives back to organizations that strengthen communities where it operates, donating well above internationally recognized benchmarks for excellence in corporate philanthropy.
 

We are currently looking for dedicated, driven, and enthusiastic individuals who thrive in an environment that welcomes change and are looking for an opportunity for diverse experience and advancement on a growing team.

 

Job Overview

 

Working under minimal supervision, the Manager, Actuarial Pricing is responsible for leading the actuarial pricing team in completing timely actuarial rate analysis for all personal property and auto products written in all relevant jurisdictions by working closely with multiple areas of the company, and ensuring consideration of market conditions.

 

Job Responsibilities

  • Develop and maintain rating structures and rates, inclusive of soliciting input from multiple areas of the company.
  • Provide oversight of actuarial analysis of insurance rates, rating procedures and rating plans.
  • Prepare necessary regulatory filings, ensuring the actuarial practices are consistent with accepted actuarial practice and correctly applied.
  • Assist with the implementation of approved refinements to current risk classification systems (rating plans), pricing models and ratemaking methodologies as appropriate to meet the organizational objectives.
  • Work with multiple areas of the company to identify profitable markets and design appropriate products.
  • Remain up to date on current accepted methodologies and new emerging methodologies in insurance pricing.
  • Ensure procedures are in place to collect the relevant data necessary for the pricing process and verify its availability, completeness and accuracy.
  • Monitor the company’s insurance portfolio relating to changes in mix of business, retentions, current/prospective profitability etc. and report to management as necessary.
  • Maintain statistical databases necessary for product pricing and product development.
  • Ensure required regulatory reporting for pricing activity is carried out.
  • Manage performance of direct reports inclusive of providing professional and technical guidance, and provide regular performance reviews.
  • Play an active role in the interpretation of data and statistical studies in the pricing area.
  • Develop and maintain appropriate relationships with regulators and professional associations.
  • Perform other duties as assigned, handling special projects as assigned by Vice President, Actuarial Pricing.

Qualifications

  • Undergraduate university degree in Actuarial Mathematics, Statistics, Mathematics or other related field of study.
  • Extensive knowledge of current insurance pricing techniques.
  • Extensive knowledge of the Property Casualty insurance industry and insurance operations in general.
  • Excellent communication skills both written and verbal.
  • Excellent analytical and problem solving skills with the ability to understand context and its impact on all issues
  • Identifies when something needs to be done and initiates action as required
  • Adapts to change effectively
  • Develops and implements comprehensive plans that bridge complex issues and span across time
  • Strong leadership skills with the ability to develop and communicate a vision
  • Fellow of the Casualty Actuarial Society an asset

#LI-Remote

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. Candidates requiring accommodations may contact, in confidence, jobs@wawanesa.com.

If you are interested in this exciting, challenging position with Wawanesa, apply today with your Resume.


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