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Senior Actuarial Analyst - Pricing

Date: Apr 23, 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

 

Wawanesa Insurance is looking for an exceptional candidate to join our expanding personal lines pricing team in either an Actuarial Analyst II , Senior Actuarial Analyst , Actuarial Consultant , or Actuary role.

 

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

 

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:
    • Minimum of 3 Associateship Exams & VEE Credits

Work Experience

  • Minimum of 2 years’ prior work experience in insurance or related field.
  • P&C Actuarial Pricing experience a strong asset.
  • Experience with relevant modeling software such as Emblem, Classifier or Radar an asset

 

Skills Required:

Problem solving

  • Strong 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 with ability to communicate at the right level of complexity for the audience

Organization

  • Strong ability to handle multiple concurrent assignments in a timely manner

Teamwork and leadership

  • Work efficiently and cooperatively in a team environment and involve others when appropriate

IND1

 

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.