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Actuarial Consultant - Pricing

Date: Jun 4, 2021

Location: Toronto, ON, CA, M2P-2B7 Winnipeg, MB, CA, R3C-3P1 Montreal, Quebec, CA, H4P-2J4

Company: Wawanesa Insurance

 

Wawanesa Mutual Insurance is one of the largest property and casualty insurers in Canada with $3 billion in annual revenues and assets of more than $9 billion. Wawanesa Mutual, founded in 1896 with executive offices in Winnipeg, is the parent company of Wawanesa General, which offers property and casualty insurance in California and Oregon, and Wawanesa Life, which distributes life insurance products and services throughout Canada. With over 3,500 employees, Wawanesa proudly serves over two million policyholders through nine regional offices and 41 service offices in Canada and the United States.  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, advancement on a growing team.

 

Job Overview

 

Wawanesa Insurance is looking for an exceptional Actuarial Consultant candidate to join our expanding personal lines pricing team! In this role, you will analyze data and conduct predictive and traditional pricing analysis on our products for the Ontario and Central regions. You will mentor junior actuarial analysts while applying your knowledge to complex actuarial analysis in the pursuit of solving business issues and answering business questions. In addition, you are expected to provide actuarial services or support to other pricing, corporate actuarial, product development, and system design projects. 

 

Responsibilities:

  • Perform pricing reviews for personal property and automobile lines of business; make quality recommendations and provide implementation support when required.
  • Prepare rate filings; provide data and other support to obtain approval for the proposed rate changes in the Ontario region.
  • Provide actuarial support for new product development and assist in developing new system testing strategies.
  • Perform monitoring activities to assess the quality of our insurance portfolio, and track the rates, market share and insurance results of our competitors.
  • Conduct analysis to address insurance issues; propose quality solutions and provide implementation support when required. 
  • Maintain, develop, and validate actuarial reports to meet business needs.
  • Maintain, modify, and validate predictive statistical models; interpret the model results to managers.
  • Assist in other actuarial/underwriting/IT areas as required.

Qualifications

 

  • Minimum of 5 years' prior work experience in insurance or related field
  • 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

 

Skills:

  • Problem solving
    • Ability to apply knowledge of actuarial science, mathematics, probability, statistics, principles of finance and business to problems in insurance
  • Computer proficiency
    • Ability to translate problem solving methods and ideas to various computer languages efficiently and effectively
    • Robust knowledge of Microsoft Office applications
    • Understanding of database systems and how to interpret/extract data from those systems
    • Able to adapt to new enterprise system environments
  • Communication
    • Strong written and verbal communication skills
    • Communicates at the right level of complexity for the audience
  • Organization
    • Ability to handle multiple concurrent assignments in a timely manner
    • Adapt to change effectively and perform under pressure
  • Decision Making
    • Ability to understand the context of an issue and its impact on all areas of the organization
  • Teamwork and leadership
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#LI-WAWA

 

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 and rewarding environment for its employees in today’s challenging markets.

 

The health and safety of our employees is our top priority. In response to the COVID-19 pandemic, the majority of our workforce is currently working from home.

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

Accommodations are available as needed for all applicants.