The Senior Manager Actuarial is responsible for:
Reviewing rate filings from insurers under the Automobile Insurance Premiums Regulation to establish or revise highly complex rating programs for basic and additional coverage for all classes of automobile risks. This position reviews rate filings submitted by insurers for reasonableness based on actuarial principles and makes recommendations to the AIRB, taking into consideration the potential premium impact to policyholders.
Working with insurers prior to submission of a change to a rating program to ensure adequate understanding and streamline process for all parties. This is required prior to filings related to mergers or implementation of new or innovative rating algorithms such as machine learning.
Utilizing the General Insurance Statistical Agency's automobile statistical plan exhibits - analyze the data to provide perspective on the performance of the automobile insurance market and to conduct special actuarial review projects.
Developing preferred policy and future direction for the regulation of automobile insurance including advice to the Minister on the operation of the Grid rating program, territorial review or other topical issue.
Providing expertise, direction and leadership on national committees representing the Ministry and Province when requested while also motivating internal professional staff.
Requirements for this role include:
Member of the Casualty Actuarial Society and/or Canadian Institute of Actuaries with expert knowledge of actuarial principles and methods involving property and casualty insurance. A FCAS designation is preferred.
Knowledge of predictive analytical models such as generalized linear models or machine learning.
Demonstrated communication and presentation skills.
A solid understanding of the Alberta Insurance Act and its regulations as they pertain to the regulation of automobile insurance is considered an asset.
Proficient in Microsoft Office programs, with expertise in Excel.
A University degree in Science, Statistics, Actuarial Science, Business, Management, Finance, Insurance and Risk Management or a related field plus a minimum of six (6) years financial experience related to automobile insurers' rate programs. Related experience or education may be considered as an equivalency on a one for one basis. Must have an Associate of the Casualty Actuarial Society (ACAS) designation.
Competencies are behaviours that are essential to reach our goals in serving Albertans. We encourage you to have an in depth understanding of the competencies that are required for this opportunity and to be prepared to demonstrate them during the recruitment process. The link below will assist you with understanding competencies: http://psc.alberta.ca/APSCompetencies
Ability to anticipate, assess, and readily adapt to changing priorities, maintain resilience in times of uncertainty and effectively work in a changing environment.
Drive for Results:
Knowing what outcomes are important and maximizing resources to achieve results that are aligned with the goals of the organization, while maintaining accountability to each other and external stakeholders.
Develop Self and Others:
A commitment to lifelong learning, and the desire to invest in the development of the long-term capability of yourself and others.
Build Collaborative Environments:
Leads and contributes to the conditions and environments that allow people to work collaboratively and productively to achieve outcomes.
Proactively building networks, connecting, and building trust in relationships with different stakeholders.
The work done within the APS is part of a larger integrated and inter-related environment. It is important to know that work done in one part of the APS impacts a variety of other groups/projects inside and outside the APS. Systems Thinking allows us to keep broader impacts and connections in mind.
Creative Problem Solving:
Ability to assess options and implications in new ways to achieve outcomes and solutions.
$3,352.75 to $4,574.56 bi-weekly.
The Alberta Public Service is a great place to work.
What we offer:
Tips on Applying on Alberta Government Jobs see here:
- Comprehensive benefits plan: http://www.chr.alberta.ca/Practitioners/DocList410.cfm
- Pension plan: http://www.mepp.ca/
- Leadership and mentorship programs
- Professional learning and development
- Positive workplace culture and work-life balance.
Final Candidates for this position will be asked to undergo a security screening.
This competition may be used to fill current and future vacancies at equal or lesser classifications across the Government of Alberta. Candidates with lesser qualifications may be considered at a lower classification and salary.
36.25 hours per week, full-time, permanent role with working hours from 8:15am - 4:30pm.
How to Apply
To apply online, users will be required to have an online account: https://www.alberta.ca/navigating-online-jobs-application.aspx
As only one file can be uploaded, please ensure your cover letter, resume and any other related documents are submitted in one file using the following suggested naming convention: Lastname,Firstname_JobIDXXXXXXX
Applicants are advised to provide information that clearly and concisely demonstrates how their qualifications meet the advertised requirements. In your resume, please include dates (including months and years) associated with all education and work experience. Also, please indicate whether your work experience is casual, part-time or full-time. For example: January 15, 2006 - June 25, 2009: Assistant (PT three 8 hrs shifts/week).
It is recommended that applicants who have obtained educational credentials from outside of Canada and have not had them previously assessed, obtain an evaluation of their credentials from the International Qualifications Assessment Service (IQAS)
It is recommended that applicants include the assessment certificate from IQAS or any other educational assessment service as part of their application.
Tips for Applicants:
We thank all applicants for their interest. All applications will be reviewed to determine which candidates' qualifications most closely match the advertised requirements. Only the most suitable candidates will be contacted for an interview.
If you require any further information on this job posting, please contact Olya Fedyshena-Soltis at firstname.lastname@example.org. If this competition is closed, please continue to check http://www.jobs.alberta.ca for a listing of current career opportunities with the Government of Alberta.