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Senior Actuarial Analyst - Insurance Risk Management

Date: Apr 6, 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

 

Working with a high degree of autonomy, the Senior Actuarial Analyst of Insurance Risk Management contributes to the accurate and timely measurement, monitoring, reporting and control of enterprise-wide insurance risks and associated escalation and governance process.

 

Responsibilities

Insurance Risk Management

  • Provides oversight and challenge related to effectiveness and consistency of enterprise-wide insurance risks and actuarial practices including evaluating the design, pricing and valuation of the insurance products.

Actuarial and Statistical Methods

  • Performs independent rate indications of major business lines. Also supports independent reserving valuations.
  • Supports the process buildout for the independent rate indication and reserving reviews.
  • Supports the review of key insurance risk models, including actuarial, budget and forecasting, and insurance risk capital models.

Efficiency and Effectiveness

  • Collaborates with other members of the Enterprise Risk Management team to continuously enhance risk management practices and achieve Enterprise Risk Management objectives
  • Supports the development, maintenance and continual enhancement of the insurance risk measurement and reporting framework, related central data repository and reporting.

Regulation and Policies

  • Maintains the set of key risk indicators and dashboard reporting used for monitoring against management and Board-approved limits

Build Business Acumen

  • Understanding the insurance mechanism in general, as well as how it works at Wawanesa
  • Perform other duties as assigned/requested by the manager/director

Qualifications

 

Work Experience

  • Minimum of 4 years' work experience in insurance or related field
  • Extensive knowledge of current P&C insurance actuarial pricing techniques
  • Experience in reserving considered an asset

Education

  • 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

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
  • Understanding of database systems and how to interpret/extract data from those systems

Communication

  • Strong written and verbal communication skills

Decision Making

  • Ability to understand the context of an issue and its impact on all areas of the organization

Teamwork and Leadership

IND1

#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 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.