Actuarial science Jobs in Markham, ON

Individually we are people, but together we are Aviva. Individually these are just words, but together they are our Values – Care, Commitment, Community, and Confidence.

The role of the Actuarial Manager is to lead actuarial pricing transformation initiatives and work collaboratively with all stakeholders to drive profitable growth for commercial insurance. Working with a solid actuarial team, this individual will use predictive analytics to review pricing structures, implement changes to ratings, execute segmentation strategies, and develop strong relationships to achieve those goals. This Actuarial Manager will be a trusted partner to the business stakeholders to design pricing solutions by collaborating across multiple business functions and leading discussions with different stakeholders to ensure business objectives are aligned.

Job Responsibilities :

• Lead and support pricing transformation initiatives across commercial insurance (Aviva Business & GCS) that align with overarching CI strategies. Objectives include profitable growth, shifting the mix of business, embedding risk-selection criteria into pricing, and enabling frontline underwriters with state-of-the-art pricing tools and fit-for-purpose design.
• Lead and support rate reviews for commercial products. Proactively monitor trends, mix of business, and changes in operational practices that affect commercial insurance performance. Effectively communicate the results of the rate reviews to all stakeholders and get buy-in from stakeholders on rate proposals.
• Help to identify key milestones for projects and accurately forecast the time required to reach those milestones.
• Build and review predictive models in partnership with Data Science to enhance the accuracy of the pricing algorithms. Drive a balanced approach between technical considerations and business objectives to ensure maximum impact. Be able to demonstrate the value of predictive analytics to non-actuaries.
• Build strong relationships with key stakeholders at the head office and the field. Identify the needs of our partners and tailor solutions that serve their needs and maximize value for commercial insurance.
• Build regular monitoring processes. Seek improvement in existing processes and procedures to improve effectiveness and accuracy. Be forward-thinking and adapt models and techniques to changes in business requirements, product, and data structure.
• Coach junior staff members to develop their technical and personal skills. Act as a role model for the Aviva values and inspire others to follow them.

Required Skills :

Additional Information :

Aviva Canada is committed to providing accommodations for people with disabilities during all phases of the hiring process, including the application process. If you require an accommodation because of a disability, we will work with you to meet your needs. Applicants need to make their needs known in advance. If you are selected for an interview and require an accommodation, you are encouraged to advise the Talent Acquisition Partner, who will consult with you to determine an appropriate accommodation.

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