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Sr. Actuarial Technical Specialist, Personal Insurance NEW

Definity Financial Corporation
Toronto, ON
$87,600 - $181,000 / year
Entry Level
Posted 15 days ago

The incumbent reports to one of the Actuarial Vice Presidents and has responsibility to actuarial area of personal insurance-pricing, working primarily on larger scale projects.

Pricing responsibilities include analysis pertaining to rate adequacy, including analysis of loss and premium trends, development of rating structures using mutli-variate actuarial models and research and development of emerging technologies. Support is provided to product development in personal insurance.

What can you expect in this role?

  • Work collaboratively with management to expand and build on project plans for complex projects and provide technical leadership on emerging actuarial issues.
  • Combine creative actuarial knowledge with sound business judgment in developing sophisticated models that assist the company in meeting growth and profitability targets.
  • Communicate actuarial concepts and be persuasive in providing recommendations to internal and external stakeholders.
  • Recommend new approaches to analysis related to measuring, tracking and monitoring company and industry performance.
  • Identify opportunities for process efficiencies across business areas.
  • Perform peer reviews on the technical and qualitative analysis of peers.

What do you bring to the role?

  • Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field
  • At a minimum, must have attained associateship in the Casualty Actuarial Society (ACAS)
  • At least 5 years of relevant full time experience with a preference for individuals who have experience across a range of actuarial disciplines.
  • Must have excellent communication and organizational skills.
  • Excellent analytical and problem-solving skills
  • Solid knowledge of insurance products, pricing methodologies, and industry best practices
  • Ability to work independently and collaborate with cross-functional teams
  • Results-driven mindset with a focus on driving business performance
  • Proficiency in actuarial software and programming languages (Excel, VBA, SQL, etc.)

Salary range is $87,600 - $181,000.

Actual salary for the role may vary depending on work location of the successful candidate and other factors including but not limited to, skills, education, experience, working conditions and the local labour market. In addition to base pay, eligible employees may participate various incentive plans which are paid out at the discretion of the company and subject to individual and company performance.

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