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Senior Actuarial Analyst - Economic Capital

Date: Jul 22, 2021

Location: Winnipeg, MB, CA, R3C-3P1 Toronto, ON, CA, M2P-2B7 Montreal, Quebec, CA, H4P-2J4

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 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 under minimal supervision, the Senior Actuarial Analyst supports the Economic Capital initiatives with a focus on modelling and analysis. The successful candidate will have a unique opportunity to utilize their strong technical skillset and build business acumen to support business processes and strategic initiatives.  You will also mentor other Analysts within the team, applying their knowledge to complex actuarial analysis in the pursuit of solving business issues and answering business questions.
 
Economic Capital Modelling

  • Supports the development and maintenance of the company’s Economic Capital Model to meet business needs and support the Own Risk and Solvency Assessment (“ORSA”).
  • Performs various Economic Capital Model analysis including result validation and production of reports and presentations.
  • Supports integration of the Economic Capital Model into various applications including pricing, risk management, capital allocation, etc.
  • Leads research and monitoring of best practices and methodologies related to capital modeling and recommends enhancements.

Stress Testing

  • Supports the identification and development of scenario narratives ensuring stress testing is conducted in accordance with regulatory guidelines.
  • Leads the development, maintenance and enhancement of the stress testing model.
  • Performs stress testing analysis including the production of reports and presentations.

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
  • Perform other duties as assigned

Qualifications

  • At least 4 years of relevant insurance experience and/or economic capital modelling.
  • Undergraduate university degree in Actuarial Mathematics, Statistics, Mathematics or other related field of study.
  • Pursuing FCAS designation and have credit for: Preliminary Actuarial Exams & VEE Credits, Online Courses (Modules) 1 and 2, Minimum of two (2) Associateship/Fellowship Exams.
  • Exposure and/or aptitude working with statistical modelling software.
  • Working programming knowledge of Risk Explorer, VBA, SQL, R and/or Python is an asset.
  • Strong interpersonal, communication and presentation skills.
  • Solution-oriented with a willingness to handle opposing views and find common ground.
  • Leadership skills to successfully manage projects and mentor/coach colleagues.
  • Collaborates well in a team environment, and capable of working with high degree of autonomy.
  • Ability to learn quickly and independently.

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 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. We’re also proud to give our employees in Canada the flexibility to choose how and where they want to work. Options in most roles include work from the office, from home, or a hybrid mix of time spent at both.
 

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, color, 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.