Actuarial Analyst II / Senior - Ontario Pricing

Wawanesa Insurance - Toronto, ON (28 days ago)

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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 Analyst II or Senior Actuarial Analyst in our expanding personal lines practice. In this role, you will analyze data and conduct predictive and traditional pricing analysis on our existing and new products for the Ontario region. You will perform ad-hoc analysis and create ad-hoc reports to meet business objectives. In addition, you are expected to provide actuarial services or support to other pricing, corporate actuarial, product development, and system design projects.

Job Responsibilities:
Perform ratemaking and product review mandates 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
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
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 with ability to communicate at the right level of complexity for the audience
Presents ideas to audiences in with precision and clarity
Organization
Strong ability to handle multiple concurrent assignments in a timely manner
Adaptable to change with a focus on client services
Teamwork and leadership
Works efficiently and cooperatively in a team environment and Involve others when appropriate
Ask effective questions to elicit detailed and relevant information

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.

Wawanesa