Pricing analyst Jobs in Waterloo, ON

Description

Who we need

The Assistant Vice-President, Pricing will support the pricing and product profitability management of all blocks of business within Securian Canada including Creditor, Affinity & Associations (A&A), Individual and Specialty insurance. This includes product portfolios for both the Life and General company, with a focus on extended health care solutions (Health and Dental insurance plans) and the A&A business. You will also support entry into new markets and products as appropriate.

Reporting to the VP, Product & Pricing, you will collaborate closely with Product and Pricing teams, as well as Actuarial and Finance, to ensure proper financial management in product pricing.

What you will do

• Be responsible for profitable pricing of life insurance products in accordance with the company standards and policies ensuring that appropriate discussions and signoffs are obtained as required;
• Manage and monitor a suite of health and life insurance products, including pricing reviews as agreed with Actuarial;
• Report regularly on product performance against approved risk tolerances and profitability requirements;
• Provide direction and support on financial underwriting for new and existing partnerships;
• Develop and regularly review appropriate products metrics including the connections between pricing and capital, in conjunction with Finance and Actuarial;
• Define parameters of risk and profitability and make recommendations for product design and features to balance client needs, market requirements and profitability, and support assessment of product initiatives, including new products, new distribution channels and change to existing products and distribution channels, against approved risk tolerances and profitability requirements;
• Build and strengthen close connections with finance and non-finance business partners to provide a broad financial business view, support initiatives, and share skills and information;
• Provide thought leadership and functional expertise to internal / external stakeholders;
• Maintain ongoing and regular dialogue with industry actuaries and consultants - stay on top of emerging trends and experience in product pricing;
• Liaise with external partners including brokers, distributers, Third-Party Administrators (TPAs) and reinsurers;
• Lead pricing workstreams for new business and existing business initiatives;
• Assist with contract and treaty negotiations with clients;
• Be responsible to enforce pricing review for existing business and to ensure the block of business continues to meet our profitability standards;
• Assist in responding to Requests for Proposals (RFPs), leading the pricing portion of the response;
• Ensure pricing methodology aligns with IFRS 17 standard;
• Assist Actuarial by providing pricing Axis models to be leveraged for reserving;
• Develop expertise in new products and markets;
• Assist with recruiting across Actuarial departments;
• Promote risk management culture and ensure pricing methodology follows internal guidelines;
• Co-Lead the Product and Pricing Working Group;
• Maintain and update internal pricing guidelines.

What you will bring

The education. 10+ years’ experience covering a broad range of actuarial and financial functions including Pricing. Fellowship of the Canadian Institute of Actuaries (FCIA) / Fellowship of the Society of Actuaries (FSA) required.

The experience. Strong pricing and product expertise in the Extended Health Insurance space (Health & Dental). Expertise in A&A and Group Benefits pricing would be also an asset and ideally will cover Health & Dental, Life and Disability benefits.

The skills. Ability to influence management decisions and collaborate well with different functions. Strong verbal and written communication skills, with acumen in both professional and business communications. Ability to conduct and facilitate discussions relating to both technical and non-technical topics. Experience with developing and maintaining relationships with external vendors. Ability to assess RFPs and negotiate contracts with partners.

Why join?

When you’re a part of Securian Canada, you’re a member of an agile and innovative, high-performing, bright-thinking, make-things-happen culture – so that together, we can discover the art of possible.

At our company, we see your potential on day one and challenge you to grow your unique strengths as you create a career filled with opportunity, collaboration, and purpose.

You’ll also be part of a team that’s committed to diversity, equity, and inclusion, and who values diverse perspectives, so that you can be the person you want to be – both in, and outside, work.

Securian Canada offers a competitive total rewards program with a variety of perks and benefits, including :

to help pay for a wide range of wellbeing services that are meaningful to you;

If you have at least 70% of the qualifications we're looking for, want to work in a fast-growing, leading and progressive company, and feel driven to help Canadians and their families build secure futures – we want to hear from you!

Take the first step in building your future with Securian Canada. Apply now.

Securian Canada is committed to providing a barrier-free work environment and equal access to employment for all qualified applicants. As such, upon request, Securian Canada will work with applicants that require reasonable accommodations during the recruitment process. Please contact [email protected] for accommodation requests. All information shared during any accommodation request process will be stored and used only in a manner that is consistent with applicable laws and Securian Canada / Canadian Premier Life Insurance Company policies.

Who we are – and who we’re here for

We’re here for all Canadians and their families – however they define family. Our practical, life-ready insurance and protection solutions are designed to help provide financial security, so that Canadians can spend more time making every moment count.

For more than 65 years, we’ve been giving Canadians the confidence to face life’s uncertainties. With offices in Toronto, Montreal, Burnaby, Waterloo and Winnipeg, Securian Canada brings together strong local roots and expertise, a North American footprint, and a global perspective – all while innovating at the speed the markets we serve expect.

Together with our U.S. parent company, Securian Financial, we are a leading insurance provider in the Canadian Financial Institution and Association & Affinity markets. We offer insurance solutions built with genuine care – providing specialized experiences to those we serve.

What we do every day to be our very best

Every day at Securian Canada means a day spent helping Canadians and their families build secure tomorrows. We’re agile and innovative, and we aren't afraid to challenge and create, or bring diverse perspectives to our work.