Actuarial Specialist, Rating Migration
About The Position
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. Reporting to a Senior Manager, the Actuarial Specialist plays a pivotal role in building team capability by coaching junior actuaries and providing technical leadership to deliver business outcomes and lead projects successfully. The Actuarial Specialist is expected to foster a culture of continuous improvement and innovation. As a highly skilled individual contributor, you'll have freedom to innovate, the support to execute, and the visibility to make a direct impact on business results.
Requirements
- University degree in Actuarial Sciences or closely related field
- 7+ years in a P&C Actuarial function
- Excellent knowledge of Excel
- Proficiency and interest in programming, notably with SQL, R and/or Python
- Advanced analytical, decision-making and problem-solving skills
- Autonomous and resilient; shows initiative and creativity in their work
Nice To Haves
- Prior experience with Predictive Modeling is an asset
- Prior experience with modern rating engine migration is an asset
- FCIA/FCAS completed or at least 7+ Casualty Actuarial Society professional exams
Responsibilities
- Provide technical expertise to translate pricing methodologies into implementable rating specifications to the new rating engine
- Guide and review premium reconciliation of new vs legacy engine premiums, quantify impacts, explain drivers and document acceptable differences
- Coach and guide others on new rate engine pricing implementation best practices
- Lead the team through modernizing premium-setting and rate delivery processes (simplified workflows, governance, documentation, approvals)
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
