Share this Job

Senior Actuarial Associate - Group Pricing

Date: Apr 26, 2021

Location: Winnipeg, MB, CA, R3C-1A8 Toronto, ON, CA, M2P-2B7 Vancouver, British Columbia, CA, V6J-4Y3 Waterloo, ON, CA, N2L-1T2 Calgary, AB, CA, T2R-0E4 Montreal, Quebec, CA, H4P-2J4 Kitchener, ON, CA, N2G-1H6 Edmonton, AB, CA, T6E-6A8

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

The Senior Actuarial Associate is a key contributor to the Group Pricing team, ensuring actuarial pricing and product development of Group Life, Disability and Health insurance products is executed to support reasonable expected profitability, adequate level of sales, continued satisfaction of customers and responsive to emerging trends. This role will be instrumental in the development and implementation of actuarial pricing models, experience studies, reporting and analytics and support decision-making with recommendations for actuarial assumptions. This role will collaborate internally with other departments and externally with the Canadian industry. They will lead Actuarial Analysts while applying their experience, highly developed analytical skills and knowledge from the actuarial exam system.

 

Job Responsibilities

  • Solve problems independently and anticipates future problems and solutions
  • Demonstrate actuarial leadership by developing and implementing Group Pricing Actuarial Models
  • Evaluate complex actuarial topics and recommend/build model improvements where appropriate
  • Support the development and implementation of Group claim experience analysis and trend studies
  • Support the development and implementation of reporting and analytics
  • Review and update actuarial assumptions to reflect changes in actual company and industry experience, future expectations and market trends
  • Keep informed of applicable industry trends and interpret changes to regulatory requirements, through active participation in working groups and educational sessions. Analyze the impact to the company; recommend and implement changes as required
  • Research and perform analysis and reviews as required for in force and currently issued products
  • Support development of Group Product communication and marketing materials through data analytics
  • Lead projects, coach and mentors other
  • Strong organizational and time-management skills to manage competing priorities
  • Seek opportunities to improve and innovate within and outside role, encourage others to innovate as well
  • Prepare periodic reports for internal and external users
  • Prepare and present results to senior leaders

Qualifications

  • Undergraduate university degree in Actuarial Mathematics, Statistics, Mathematics or other related field
  • Actively pursuing the Fellowship designation of the Canadian Institute of Actuaries
  • Minimum 3 years of work experience in the insurance industry
  • Comprehensive knowledge of the fundamental concepts and techniques for modeling and managing risk
  • Excellent technical skills in Microsoft Excel and Access or other actuarial software and proficient in Microsoft Word and PowerPoint
  • Knowledge of regulatory requirements, company policies and industry issues
  • Excellent analytical and problem-solving skills with the ability to select the most appropriate solution and implement in a timely manner
  • Excellent attention to detail with the ability to mentor other team members
  • Excellent written and verbal communication skills, with the ability to present and produce clearly expressed documentation with a tone and style fitting for the audience and message
  • Strong team player, working to ensure group objectives are met by making quality contributions and supporting fellow team members
  • Strong project management and time management skills with ability to manage competing priorities
  • Demonstrates motivation and enthusiasm
  • Curious and comfortable with change

 

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.