Actuarial Manager - Atlantic Pricing

TD•Montreal, QC

10d•Onsite

About The Position

The GI Pricing and Profitability team plays a crucial role in ensuring the company's financial health and competitive edge. Using a blend of data analysis, actuarial science, and market research, the mission is to ensure the company remains profitable while offering fair and attractive rates to customers that comply with provincial regulatory requirements. As the Actuarial Manager - Atlantic Pricing, you will play a pivotal role in guiding a skilled team of actuaries to develop innovative pricing models and strategies. Reporting directly to the Senior Manager, your responsibilities will include leading the team in designing and implementing sophisticated pricing solutions, from initial data processing to final deployment and monitoring. Strong leadership and communication skills are essential as you will work closely with the underwriting, product development, data analytics teams as well as the external regulators to create pricing strategies that accurately reflect the risk associated with individual driving behaviors while meeting business objectives. Your leadership will be crucial in ensuring the robustness and accuracy of pricing models, while also fostering a culture of continuous improvement and innovation. You will be responsible for building scalable pricing processes, establishing rigorous validation protocols, and creating efficient deployment strategies to drive the success of pricing initiatives.

Requirements

University degree in Actuarial Sciences or related field
8+ years of related experience
Advanced analytical, decision-making and problem-solving skills
Excellent time management skills with a proven ability to meet deadlines
Autonomous and perseverant; shows initiative and creativity in their work

Nice To Haves

Prior people management experience
FCIA/FCAS completed or at least seven Casualty Actuarial Society professional exams

Responsibilities

Ensure team is adequately resourced and capable in managing the day to day and longer-term business needs for the function
Support functional leaders as well as business management with sound actuarial advice and knowledge to help inform business decisions
Oversee the communication, interpretation, application and implementation of actuarial analysis and results to business leaders
Review actuarial analyses produced by the team
Develops new procedures to deal with unforeseen changes and challenges
Ensure work is in line with business methodology, principles and practices
Ensure the availability and quality of data used for all actuarial analysis, based on a thorough knowledge of the data information systems
Challenge business appropriately ensuring best interest of the organization is considered
Lead relationships with corporate and/or control functions to ensure alignment with enterprise and/or regulatory requirements
Support team in staying knowledgeable on emerging issues, trends and evolving regulatory requirements and assess potential impacts to the Bank
Assess / identify key issues and escalate to appropriate levels and relevant stakeholders and business management where required
Ensure business operations are in compliance with applicable internal and external requirements (e.g. financial controls, segregation of duties, transaction approvals and physical control of assets)
Protect the interests of the organization – identify and manage risks, and escalate non-standard, high risk transactions / activities as necessary
Keep abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts
Maintain a culture of risk management and control, supported by effective processes in alignment with risk appetite
Responsible for management of the overall team providing leadership, and guidance for own area of specialization
Grow team expertise to align with business/enterprise demand and direction; assess team skills and capabilities and continually look for ways to provide and enhance the value delivered
Lead a high performing team; provide on-going feedback and performance reviews, coach and develop employees and ensure performance management activities are undertaken and completed for all employees
Manage employees in compliance with all human resources policies, procedures and guidelines of conduct
Share knowledge, information, skills, and subject matter expertise among the team and ensure the timely communication of issues and encourage good working relationships with other functions and teams
Support an environment where team freely escalates business challenges; facilitate change through positive reinforcement of milestones and successes
Build for the future by recruiting all hires to ensure a highly diverse, skilled and qualified professionals to achieve business objectives
Act as a brand ambassador for your business area/function and the bank, both internally and/or externally
Lead and manage a team of professionals and overall operation of a diverse group in an area of moderate risk, complexity or scope, while growing talent, developing skills and capabilities to achieve career goals, support project / initiative success and achieve business results
Ensure an integrated approach with other business areas, broader organization, and enterprise as appropriate
Establishes effective relationships with different Stakeholders, Business Sponsors, Executives and LOB
Provides support and contributes to the overall discipline and strategy for respective areas
Provides coaching, mentorship and guidance to practitioners, business, executives within area of expertise
Deep knowledge and understanding of businesses / actuarial specialization and organizational practices
Sound to advanced knowledge of external competition, industry and/or market trends in relation to own function / business
Focus on short to medium-term issues