Actuarial Specialist - Pricing Initiatives & Governance

TD•Montreal, QC

13d•CA$135,000 - CA$160,000•Hybrid

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 Actuarial Senior Manager, Pricing Initiatives, UBI & Governance, the Actuarial Specialist, Pricing Initiatives & Governance plays a leadership role in supporting the execution of pricing and actuarial initiatives across products and markets, ensuring alignment with business objectives and regulatory expectations. This role also involves leading and contributing to strategic initiatives such as marketing refresh programs, including analysis, implementation support, and tracking of business impacts (retention, growth, profitability). The specialist will support the design, monitoring, and continuous improvement of customer programs and pricing strategies aimed at improving retention, customer experience, and competitive positioning. Additionally, the role requires coordinating the preparation and review of documentation for pricing changes, initiatives, and governance requirements, ensuring clarity, consistency, and adherence to internal standards. Partnering with Product, Marketing, Pricing, and Distribution teams is crucial for supporting the implementation of business initiatives and ensuring actuarial considerations are effectively integrated into decision-making. The role also contributes to the development and maintenance of streamlined processes, tools, and templates to improve efficiency, consistency, and scalability of actuarial and pricing activities. Identifying opportunities for process improvements and automation to reduce manual effort, enhance data quality, and improve turnaround time for analyses and deliverables is key. Assisting in ensuring appropriate controls, documentation, and review processes are in place for pricing changes and model updates, with a focus on practicality and efficiency, is also part of the responsibilities. Collaboration with Risk, Compliance, and Governance teams to support key deliverables (e.g., audit requests, model documentation) in a pragmatic and business-focused manner is expected. Monitoring emerging trends, regulatory developments, and competitive actions to inform initiative design and support proactive adjustments to pricing and product strategies is important. Developing strong working relationships with stakeholders across business and functional teams to facilitate effective delivery of initiatives and alignment on priorities is essential. The role also contributes to the evolution of best practices in pricing initiatives, process optimization, and delivery frameworks, sharing knowledge and supporting team members in adopting new tools, processes, and ways of working. The specialist will act as a resource and mentor for junior team members on initiative execution and actuarial best practices.

Requirements

At least 7 years of actuarial experience in Property & Casualty
Bachelor's degree in actuarial sciences or related field
Excellent knowledge of Excel
Proficiency and interest for programming, notably SAS, VBA, R, Python
Advanced analytical, decision-making and problem solving skills
Client-focused and aptitude for teamwork with solid organizational and communications skills
Excellent time management skills with a proven ability to meet deadlines.
Autonomous and perseverance; shows initiative and creativity in their work
Recognized for their thoroughness and the quality of their work

Nice To Haves

FCIA near completion or at least seven Casualty Actuarial Society professional exams

Responsibilities

Supporting the execution of pricing and actuarial initiatives across products and markets, ensuring alignment with business objectives and regulatory expectations
Lead and contribute to strategic initiatives such as marketing refresh programs, including analysis, implementation support, and tracking of business impacts (retention, growth, profitability)
Support the design, monitoring, and continuous improvement of customer programs and pricing strategies aimed at improving retention, customer experience, and competitive positioning
Coordinate the preparation and review of documentation for pricing changes, initiatives, and governance requirements, ensuring clarity, consistency, and adherence to internal standards
Partner with Product, Marketing, Pricing, and Distribution teams to support the implementation of business initiatives, ensuring actuarial considerations are effectively integrated into decision-making
Contribute to the development and maintenance of streamlined processes, tools, and templates to improve efficiency, consistency, and scalability of actuarial and pricing activities
Identify opportunities for process improvements and automation to reduce manual effort, enhance data quality, and improve turnaround time for analyses and deliverables
Assist in ensuring appropriate controls, documentation, and review processes are in place for pricing changes and model updates, with a focus on practicality and efficiency
Collaborate with Risk, Compliance, and Governance teams to support key deliverables (e.g., audit requests, model documentation) in a pragmatic and business-focused manner
Monitor emerging trends, regulatory developments, and competitive actions to inform initiative design and support proactive adjustments to pricing and product strategies
Develop strong working relationships with stakeholders across business and functional teams to facilitate effective delivery of initiatives and alignment on priorities
Contribute to the evolution of best practices in pricing initiatives, process optimization, and delivery frameworks
Share knowledge and support team members in adopting new tools, processes, and ways of working
Act as a resource and mentor for junior team members on initiative execution and actuarial best practices