About Us
The Mutual Fire Insurance Company of British Columbia is growing and is seeking a Insurance Rating Analyst to join our team.
Founded in 1902, Mutual Fire Insurance was the first mutual insurance company headquartered in British Columbia. Today, the company provides solutions for farm, commercial, and home insurance needs from British Columbia to Ontario. Mutual Fire Insurance is committed to making people a priority by creating membership initiatives, investing in technology, and supporting community projects.
Mutual Fire Insurance's subsidiary, Four Points Insurance provides innovative insurance solutions for small to medium-sized businesses in suburban and rural areas. Four Points Insurance was formed in 2022 to support small businesses through the many adjustments they must face now, and in the future. Built with a passion for customer service and risk management, Four Points Insurance offers business owners a suite of commercial packages insurance options.
In late 2021, Mutual Fire Insurance created two employee driven committees, an ESG Committee and a Purpose Committee. Today these committees are creating the framework and policy for Mutual Fire Insurance to work towards sustainability within our communities, while also ensuring environmental, social, and governance mandates are accomplished.
The Opportunity
We are seeking a detail-oriented and analytical Insurance Rating Analyst to join our team and support critical pricing and rating operations for our Property & Casualty (P&C) insurance products. This role is pivotal in maintaining accurate rate tables, supporting pricing initiatives, and driving operational efficiency through automation and data analysis. The ideal candidate will possess a strong understanding of insurance rating methodologies, data management, and risk assessment tools.
Responsibilities :
RATING OPERATIONS & ANALYSIS
- Maintain and update rate tables to ensure accuracy and compliance with regulatory standards
- Manage vehicle, location, and risk scoring data for auto rating and underwriting purposes
- Support pricing initiatives and provide analytical insights for P&C product development and enhancement
- Support reinsurance submissions and assist with related documentation
- Ensure consistency across rate manuals and rating documentation
DATA MANAGEMENT & DATA ANALYSIS
Maintain and update departmental datasets, reference tables, and extract-transform-load (ETL) protocols.Manage the department's portfolio management and monitoring queries and dashboardsConduct management reporting and analysis on rating, risk, catastrophe and market share metricsPerform geographical mapping and territory analysis to support underwriting, pricing and reinsurance visuals and decision-makingSTAKEHOLDER MANAGEMENT & COMMUNICATION
Collaborate with pricing, product, underwriting, claims and IT teams to ensure alignment on rating methodologies and data requirementsCollaborate with rating vendors to ensure seamless integration and data consistencyMonitor existing product portfolio to ensure alignment with corporate strategy, goals and objectivesCommunicate findings and recommendations clearly to management and cross-functional teamsRespond to ad-hoc requests for data analysis and rating supportADVOCACY & BEST PRACTICES
Contribute to the continuous improvement of rating methodologies, tools, and processes within the organizationPromote best practices in rating analysis and data managementEnsure adherence to organizational standards, policies, and proceduresHere's what you bring :
Bachelor’s degree in Mathematics, Statistics, Actuarial Science, Business Administration, or a related field2+ years of experience in insurance rating, pricing analysis, or a related analytical roleP&C insurance industry experience preferredStrong analytical and problem-solving skills with a keen attention to detailProficiency in rating software and data analysis tools (e.g., Excel, Python, R, SQL, ArcGIS)Experience working with rating vendors and risk scoring toolsExcellent communication, decision-making, and interpersonal skillsCommitment to continuous improvement and innovation in rating processesWhat we offer :
Competitive salaryComprehensive employee benefit packageFlexible work environment, opportunity to work remotely with limited office attendanceDiverse mix of staff and demonstrated work / life balanceCareer growth opportunities and continuing education programsWe thank all applicants for their interest, however only candidates under consideration will be contacted.