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Senior Actuarial Analyst-Corporate Actuarial

Date: May 15, 2022

Location: Toronto, ON, CA, M2P-2B7 Calgary, AB, CA, T2R-0E4 Moncton, New Brunswick, CA, E1E-4R5 Montreal, Quebec, CA, H4P-2J4 Vancouver, British Columbia, CA, V6J-4Y3 Winnipeg, MB, CA, R3C-3P1 Edmonton, AB, CA, T6E-6A8

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 will decide whether your preference is to work from home, work from the office or a hybrid of time spent at both. You may live and work anywhere that Wawanesa operates in Canada. 
 

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 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 with a high degree of autonomy, the Senior Actuarial Analyst provides contributions to the Corporate Actuarial Forecasting team based on both work experience and knowledge from the actuarial exam system.  In this role, you will gain financial statement and capital management related knowledge by working with various stakeholders on creating a Budget and performing Financial Condition Testing.  You are expected to provide actuarial services or support to pricing, finance, reserving, business development, claims, and operation team.  You will mentor actuarial analysts while applying your 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

Qualifications

  • Work Experience
    • Minimum of 4 years' prior work experience in insurance or related field
  • Education
    • 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

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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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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