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Actuarial Consultant - Corporate Actuarial

Date: May 20, 2021

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

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 is looking for an exceptional candidate to take on the role of Actuarial Consultant in our expanding Corporate Actuarial Reserving team. As a member of the Corporate Actuarial Reserving team, your focus will be on evaluating the P&C overall level of policy liabilities, assist with actuarial financial reporting and implementing process improvements. You will mentor actuarial analysts while applying their knowledge to complex actuarial analysis in the pursuit of solving business issues and answering business questions.

 

Job Responsibilites

  • Best Practice Development
    • Develops and maintains ‘best practice’ processes and methodologies in the relevant actuarial area.
    • Ensures that best practices are fully communicated and understood through training and mentoring of actuarial staff 
  • 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 5 years' prior work experience in insurance or related field
  • Undergraduate university degree in Actuarial Mathematics, Statistics, Mathematics or other related field of study
  • Associate of the Casualty Actuarial Society, Associate of the Society of Actuaries, or equivalent
  • 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
     

 

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.