Actuarial Analyst III
About The Position
GI Pricing oversees the overall pricing strategy of general insurance products that aligns with TD Insurance's business objectives in compliance with jurisdictional premium regulations. Pricing is a determining component of our home and auto insurance products that cater to direct and affinity markets. Reporting to the Pricing Manager, the Senior Actuarial Analyst plays a key role in the end-to-end development of pricing strategies and rate changes. The Senior Analyst contributes to the on-going and future success of the company may it be through the establishment of pricing strategies for all products and all insurers for a given region, the development of models, methodologies and tools, the monitoring and measurement of rate levels and effectiveness though rate-indication activities, and/or the execution of planned pricing and business initiatives utilizing best governance practices.
Requirements
- Over five years of actuarial experience in Property & Casualty
- Bachelor's degree in actuarial sciences or related field
- Fellow of the Casualty Actuarial Society (FCAS) designation obtained or in the process of being awarded
- Excellent knowledge of Excel
- Knowledge of SQL and R programming language
- Leadership and strong aptitude for team work
- Ability to develop and empower top talent
- Customer-centric
- Ability to communicate effectively in French and English, both verbally and in writing, across all levels of the organization
- Ability to work effectively during demanding periods and take difficult decisions
- Autonomous and perseverant; shows initiative and creativity
- Advanced analytical and problem-solving skills
- Recognized for their thoroughness and the quality of their work
Responsibilities
- Develop pricing strategies by market and product to reach growth and profitability objectives: Supervise analysis performed by analysts to develop detailed pricing strategies for each market and product based on actual claim experience and the organization's competitive positioning.
- Generate ideas in the development of strategies to accelerate profitable growth and supervise and execute their implementation: Pricing strategies that will create a competitive advantage; Initiatives to improve our customer segmentation in order to reach objectives, taking into consideration competitive and regulatory constraints; Identify above-average profitability customer segments for the purpose of targeted marketing efforts; Development of models for evaluation and measurement of customers’ price elasticity and behaviors.
- Provide support to obtain necessary approvals from regulatory boards; Prepare rate change documents according to mandated standards as required by rating boards for pricing changes; Answer questions received from regulators during the revision process; Support negotiations with regulatory instances to obtain rate change approvals.
- Support and supervise analysts within the team
- Establish and maintain relationships with our partners and liaise with internal and external stakeholders
- Support our business partners for pricing related issues
Benefits
- health and well-being benefits
- savings and retirement programs
- paid time off
- banking benefits and discounts
- career development
- reward and recognition programs
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What This Job Offers
Job Type
Full-time
Career Level
Senior
