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Manager, Insurance Risk Management

Date: Apr 8, 2021

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

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

 

We are now recruiting a Manager, Insurance Risk Management to join our growing team. 

 

In this role, you will be primarily responsible for ensuring the accurate and timely measurement, monitoring, reporting and control of enterprise-wide insurance risks and associated escalation and governance process. 

 

The ideal candidate is an Actuary, with preference to those that are a Fellow of the Casualty Actuarial Society or working towards,  and have 8+ years related experience. 
 
 

Job Responsibilities

  • Partners with key stakeholders to provide oversight and effective challenge in relation to the enterprise wide insurance risks.
  • Provides oversight related to effectiveness and consistency of enterprise-wide actuarial practices including evaluating the design, pricing and valuation of the insurance products, and assessing the reasonableness of provisions for policy liabilities as well as the appropriateness of the process followed.
  • Supports independent reserving and rate indications of major business lines.
  • Supports the process buildout for the independent reserving and rate indication reviews.
  • Supports the review of key insurance risk models, including actuarial, budget and forecasting, and insurance risk capital models.
  • Coordinates relevant policy renewals with policy owners; collaborates on the development of new policies and provides support and quality review of policies.
  • Supports the reporting process around insurance risk appetite metrics for the company.
  • Supports the development, maintenance and continual enhancement of the insurance risk measurement and reporting framework, related central data repository and reporting.
  • Maintains and enhances the set of key risk indicators (KRIs) and dashboard reporting used for monitoring against management and Board-approved limits.
  • Ensures timely and accurate reporting and control of measured insurance risks and associated awareness and socialization with key stakeholders and committees
  • Collaborates with other members of the enterprise Risk Management team to continuously enhance risk management practices and achieve enterprise Risk Management objectives
  • Perform other duties as assigned.
     

Qualifications

  • More than 8 years’ of professional experience in the insurance industry.
  • Degree in Actuarial Science, Math, Statistics, Finance or a related field.
  • Fellow of the Casualty Actuarial Society preferred but candidates working towards the FCAS would be considered.
  • Extensive knowledge of current insurance reserving and pricing actuarial techniques.
  • Extensive knowledge of the Property Casualty insurance industry and insurance operations in general.
  • Strong business acumen with excellent analytical and problem-solving skills with the ability to recognize and identify critical issues.
  • Excellent strategic influencing skills with ability to effectively collaborate across the business and to gain respect, credibility and confidence from others.
  • Excellent interpersonal, presentation and communication skills with the ability to effectively convey complex ideas in a simple, persuasive and eloquent manner.
  • Comfortable confronting difficult issues and diplomatic in delivery of challenging messages
  • Ability to operate in an evolving, sometimes ambiguous environment
  • Experience in both Life and P&C insurance industry would be an asset.

 

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 employees are provided with highly competitive compensation packages (salaries, generous vacation allowance, leave top up, goal achievement plan, premium free benefits and a pension plan).  Wawanesa provides a stable and rewarding environment for its employees in today’s challenging markets.


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


Accommodations are available as needed for all applicants.