Actuarial Analyst III

TD•Toronto, ON

4d•$93,100 - $130,000•Onsite

About The Position

Multiple Senior Actuarial Analyst positions are available within the GI Pricing and Profitability team. As a Senior Analyst, you will focus on implementing pricing strategies and coaching junior actuaries to achieve business objectives. Reporting to the Actuarial Manager, the Senior Analyst is expected to demonstrate subject matter expertise, work autonomously, and play a key part in executing the team's strategic direction. The GI Pricing and Profitability team is expanding, and many new positions are now available! Our team is crucial in maintaining the company's financial health and competitive edge. By leveraging data analysis, actuarial science, and market research, we ensure profitability while offering fair and attractive rates that comply with provincial regulations. This growth offers incredible opportunities for career advancement, exposure to diverse projects, and the chance to be part of a transformative journey.

Requirements

University degree in Actuarial Science or related field
5+ years of related experience
Excellent knowledge of Excel
Proficiency and interest for programming, notably with SQL and R
Strong aptitude for team work
Autonomous and resilient; shows initiative and creativity in their work

Nice To Haves

Prior experience with predictive modeling
Working toward FCIA/FCAS designation

Responsibilities

Regional Auto (ON, QC, WP) or Residential Pricing: Review and update of pricing algorithm to support business objectives toward profitability and growth. Generate ideas in the development of strategies to accelerate profitable growth and execute on their implementation. Submit filing documentation and support to regulatory bodies where required.
Pricing Optimization: Implement pricing optimization strategies across personal lines. Build and apply models and optimization techniques to recommend premium adjustments. Track and report on the performance of deployed strategies, identifying areas for improvement.
Financial Performance: Support the implementation of a financial projection framework for pricing changes. Track and analyze financial performance, providing insights and recommendations to the manager. Mentor and guide junior analysts in best practices for financial performance tracking.
Risk Sharing Pool (RSP) Strategy and Performance: Assist in centralizing and optimizing RSP cession strategy at a national level. Support the achievement of financial objectives for each pool. Analyze cession results and pool performance, providing recommendations for optimal outcomes.
Private Client Advice (PCA): Track and monitor profitability of the PCA Book of business to support pricing decisions. Identify opportunities to accurately reflect more complex risks associated with this segment while complying with provincial insurance regulations. Assist in calculating premiums and provide pricing expertise for special coverage needs.
Affinity Market Group (AMG): Continuously review and update group discounts to support affinity-related pricing and business objectives. Monitor affinity group profitability to inform pricing decisions. Review and update profit-sharing strategies to support AMG regulatory and contractual requirements.
Pricing Migration: Support the migration to a state-of-the-art pricing and rating platform. Lead enhancements in the way the development and deployment teams work together.