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Senior Actuarial Analyst

Date: Jun 8, 2019

Location: Toronto, ON, CA, M2P-2B7 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

Working with a high degree of autonomy, the Senior Actuarial Analyst provides contributions to the Actuarial Commercial Auto pricing group based on both work experience and knowledge from the actuarial exam system.  They will mentor assistant and actuarial analysts while applying their knowledge to complex actuarial analysis in the pursuit of solving business issues and answering business questions.

 

Responsibilities

 

  • 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
  • Actuarial Standards
    • Understanding of current industry and professional standards/environment which impact decisions and indicate requirements
    • Committed to professional development and continuous learning
  • Data Collection
    • Research, extract, and manipulate complex data from all relevant sources
    • Identify relationships, problems/issues, and assess data quality
  • Actuarial and Statistical Methods
    • Perform analysis/reviews as assigned
    • Incorporate, understand and transfer knowledge of current methods, while ensuring completeness and accuracy
    • Identify and test underlying assumptions when appropriate
    • Prepare recommendations based on data summaries, trend analysis, financial analysis and business analysis
    • Evaluate procedures and processes regularly and determine/recommend alternatives or improvements
  • Efficiency
    • Evaluate existing processes to find areas for increased efficiency
    • Identify opportunities for automation of routine tasks
    • Develop creative new approaches to problem solving and assess impacts of solution options
  • Workflow Management
    • Track the status of project timelines, tasks, and various activities
    • Develop effective plans that define activities, resources, and timelines
  • Communication
    • Construct and provide progress updates and reports regarding department objectives and tasks
    • Develop and deliver presentations to the actuarial group and other departments
  • Regulation and Policies
    • Interpret government regulations and internal policies
  • Build Business Acumen
    • Identify the business requirements for a given task and initiate action as required
    • Understanding the insurance mechanism in general, as well as how it works at Wawanesa
    • Understanding of both industry and company terminology
  • Other
    • Perform other duties as assigned/requested by the manager/director

Qualifications

  • Minimum of 3 year prior work experience in insurance or related field
  • Undergraduate university degree in Actuarial Mathematics, Statistics, Mathematics or other related field of study
  • Pursuing FCAS and have Credit for the following from the CAS Syllabus of Education:
    • Preliminary Actuarial Exams & VEE Credits
    • Online Courses (Modules) 1 and 2
    • Minimum of three (3) Associateship/Fellowship Exams
  • Ability to apply knowledge of actuarial science, mathematics, probability, statistics, principles of finance and business to problems in insurance
  • 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
  • Strong written and verbal communication skills
  • Communicates at the right level of complexity for the audience
  • Ability to handle multiple concurrent assignments in a timely manner
  • Adapt to change effectively and perform under pressure
  • Ability to understand the context of an issue and its impact on all areas of the organization
 

 

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.

 

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