Actuarial Consultant - Research & Development

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Actuarial Consultant - Research & Development Job ID: 9333

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: $120,000 – $145,000. Candidates with salary expectations outside of the range are still encouraged to apply.

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 (“Wawanesa Mutual”), founded in 1896, is one of Canada’s largest mutual insurers, with over $3.5 billion in annual revenue and assets of $10 billion (CAD). Wawanesa Mutual, with its National Headquarters in Winnipeg, is the parent company of 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 1.7 million members in Canada, and we are home to more than 3,600 employees distributed across the Canadian regions and communities where we operate. We give back to organisations that strengthen communities, donating more than $3.5 million annually to charitable organisations, including over $2 million annually in support of people on the front lines of climate change.

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 optimise rate changes for our members. You will function as an expert in actuarial methodologies and mentor actuarial staff in the understanding and use of these methods.

Note: we are open to hiring at the Actuarial Consultant or Senior Actuarial Consultant.

Job Responsibilities

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 recommends alternatives or improvements.

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.

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.

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.

Provides regular project updates to stakeholders. Anticipates obstacles and raises them in advance; proposes possible solutions to obstacles.

Leads projects from beginning to end, including training and documentation. Delegates effectively, including following up where appropriate. Includes implementation of final product.

Actively contributes to the mentorship, training and development of actuarial analysts.

Actively seeks out opportunities to provide feedback, instruction, and development guidance to help others excel in their current or future job responsibilities.

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 6 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 handle multiple concurrent assignments in a timely manner while proactively keeping leaders informed of progress.

Works efficiently and cooperatively in a team environment and involves others when appropriate.

Ability to ask effective questions to elicit detailed and relevant information.

Diversity Equity, Inclusion & Belonging At Wawanesa, we are committed to Diversity, Equity, Inclusion and Belonging (DEIB) and believe that our strength lies in the diversity of our people – this is supported by having a representative workforce.

We welcome applications from all qualified candidates, including racialised persons, women, Indigenous Peoples, persons with disabilities, members of the 2SLGBTQIA+ community, gender‑diverse and neurodiverse individuals, and anyone who can contribute to the further diversification of thought and ideas.

We aim to ensure our recruitment process is accessible to all candidates. If you require accommodations during any stage of the recruitment process, please reach out in confidence to jobs@wawanesa.com.

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