Actuarial Analyst, Commercial Auto Pricing
Aviva•Toronto, ON
•CA$70,000 - CA$95,000•Hybrid
About The Position
Aviva Canada is seeking an Actuarial Analyst to join their dynamic and impactful Commercial Auto team. This role is responsible for supporting the pricing and profitability of commercial business underwritten by Aviva Canada. The analyst will provide actuarial analysis on Commercial Auto products and collaborate with underwriters and leadership. Senior management will establish appropriate renewal strategies. The team plays a key role in supporting the financial goals related to the commercial insurance operations.
Requirements
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field; equivalent experience will also be considered.
- 1+ years of property & casualty actuarial experience, including internships or co-op placements.
- 2 SOA/CAS exams.
- Strong foundation in mathematics, statistics, and data analysis.
- Proven ability to analyze complex problems, draw insights, and recommend solutions.
- Clear and concise communication skills, with the ability to explain technical concepts to diverse audiences.
- Programming proficiency (e.g., SAS, VBA, or similar tools).
Responsibilities
- Maintain and enhance the commercial insurance segmentation strategy and algorithms.
- Support the alignment of technical considerations with business objectives to help drive meaningful outcomes.
- Conduct pricing reviews of various coverages and segments of the commercial business, including reviewing the rating algorithms and rate adequacy, analyzing the business impact of the pricing changes, communicating the analytical results to the stakeholders, reaching an agreement on the rate actions and preparing the rate filings to the provincial regulators.
- Monitor the performance of the commercial portfolio and on various business initiatives, to identify key trends and recommend actions to the senior management and to the business to achieve profitability and growth targets.
- Maintain and improve actuarial databases/SAS programs.
- Identify data issues and create actions to remedy them.
- Support technical development required to build and maintain Excel rating tools for the business.
- Communicate analytical results to both technical and non-technical audiences.
Benefits
- Eligibility for annual bonus
- Retirement savings
- Share plan
- Health benefits
- Personal wellness
- Volunteer opportunities
- Outstanding career development opportunities
- Support for professional development education
- Competitive vacation package with the option to purchase 5 extra days off per year
- Employee-driven programs focused on gender, LGBTQ+, origins, diversity, and inclusion
- Corporate wellness programs to support our employees’ physical and mental health
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
Upload and Match Resume
What This Job Offers
Job Type
Full-time
Career Level
Entry Level
