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Senior Actuarial Consultant (Pricing Research & Development)

Senior Actuarial Consultant (Pricing Research & Development)

Wawanesa InsuranceMontreal, QC
30+ days ago
Salary
CAD105000–CAD150000 yearly
Job description

Job ID : 7756

Working Business Language : English; this role is considered a head-office role and will be required to communicate with internal stakeholders across Canada where the primary business language utilized is English

Salary : At Wawanesa, salary is only one component of a holistic, comprehensive and competitive offering that we provide to our employees. In addition to salary, full-time and part-time permanent employees are eligible for an annual bonus plan, leave of absence top-up programs and provided with generous vacation time, personal days, premium free benefits and pension plan.

The salary offered for this role is determined with consideration to various factors, including but not limited to : your work location, local labour market conditions, external market salary data, internal pay equity and the knowledge, skills, experience and anticipated proficiency in the role. The salary offered is estimated to be within the following range : $105,000-150,000. Candidates with salary expectations outside of the range are still encouraged to apply.

About Us

At Wawanesa, we’re proud to offer a hybrid work environment that offers flexibility to our employees in balancing in-office (2 days per week OR 15 hours per week in a Wawanesa office) and remote work. You may work from any of the following locations : Winnipeg, MB; Vancouver, BC; Calgary, AB; Edmonton, AB; Toronto, ON; Kitchener, ON; Ottawa, ON; Montreal, QC; Moncton, NB; Dartmouth; NS

The Wawanesa Mutual Insurance Company, founded in 1896, is one of Canada’s largest mutual insurers, with over $4 billion in annual revenue and assets of $12 billion. Wawanesa Mutual, with executive offices in Winnipeg, is the parent company of Wawanesa General, which offers property and casualty insurance in California and Oregon; Wawanesa Life, which provides life insurance products and services throughout Canada; and Western Financial Group, which distributes personal and business insurance across Canada. Wawanesa proudly serves more than two million members 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. Learn more at wawanesa.com.

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 and advancement on a growing team.

Job Overview

Wawanesa is looking for an exceptional candidate to take on the role of Senior Actuarial Consultant in our expanding Pricing Research and Development team. As a member of Pricing R&D, your focus will be on improving our pricing sophistication through enhancement of loss cost models, collaborating closely with pricing leaders in leveraging the models to optimize rate changes for our members. You will function as an expert in actuarial methodologies and mentor actuarial staff at all levels in the understanding and use of these methods.

Job Responsibilities

  • Analytical Researches, extracts, and manipulates complex data from relevant sources, and assesses data quality Supports the business and overall team by performing analyses / reviews and completing ad-hoc requests / special projects in a timely manner with minimal support from peers and leaders Evaluates procedures and processes, and recommend alternatives or improvements
  • Process Improvement / Efficiency Evaluates existing processes to find areas for increased efficiency Identifies opportunities for automation of routine tasks and implementation of advanced techniques while ensuring ethical and responsible application of solutions Develops creative approaches to solve complex issues and assesses impacts of solution options
  • Industry Recommends actions that should be taken in response to industry news and trends Encouraged to represent Wawanesa in industry research, professional standards, and technical working groups and shares insights internally with relevant teams
  • Commitment to Learning Commits to professional development and continuous experiential learning to build cross-functional knowledge, technical skills, and mastery in competencies Focuses learning activities on bringing new knowledge and skills to team and sharing this new expertise with team members
  • Stakeholder Management Provides regular project updates to stakeholders. Anticipates obstacles and raises them in advance; Proposes possible solutions to obstacles.
  • Project Management Leads projects from beginning to end, including training and documentation. Delegates effectively, including following up where appropriate. Includes implementation of final product.
  • Mentorship Actively contributes to the mentorship, training and development of actuarial analysts
  • Coaching & Developing Others Actively seeks out opportunities to provide feedback, instruction, and development guidance to help others excel in their current or future job responsibilities
  • Leadership Provides cross functional guidance and leadership in subjects of expertise. Look for ways to add value.

Qualifications

  • Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or other related discipline.
  • More than six years of actuarial experience an asset.
  • FCAS designation an asset.
  • Experience with machine learning modelling or other pricing modelling methods and software.
  • Ability to translate problem solving methods and ideas to various computer languages efficiently and effectively.
  • Ability to apply knowledge of actuarial science, mathematics, probability, statistics, principles of finance and business to problems in insurance.
  • Understanding of database systems and how to interpret / extract data from those systems.
  • Advanced written and verbal communication skills with ability to communicate at the right level of complexity for the audience.
  • Ability to develop timelines for projects and handling multiple concurrent assignments in a timely manner while proactively keeping leader informed of progress.
  • Works efficiently and cooperatively in a team environment and involve others when appropriate.
  • Ability to ask effective questions to elicit detailed and relevant information.
  • LI-Hybrid #LI-JB2

    Wawanesa is proud to be one of Manitoba’s Top Employers , a Kincentric Best Employer in Canada and a Forbes Best Employer in Canada recognizing an exceptional place to work!

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