Manager

  • 33245
  • Non-Life - Actuarial
  • |
  • Ontario, Canada
  • |
  • Jan 23, 2018
Insurance
RESPONSIBILITIES
  • Effectively manage the daily activities of the department to ensure maximized scheduling and real-time utilization of resources.
  • Achieve all established service standards and turnaround times.
  • Initiate, research and recommend process and workflow enhancements to increase efficiency.
  • Maintain up-to-date knowledge of industry developments and competitive intelligence.
  • Respond to and collaborate on issues and requests from other internal and external departments.
  • Establish prudent pricing processes and maintain to support the strategic direction of the company.
  • Ensure corporate policies regarding underwriting and risk selection are being followed.
  • Provide actuarial expertise in the development of new/revised products and services to achieve successful implementation of approved strategic initiatives, including sound product design, compliance with legal and fiscal regulations, technical specifications and administrative procedures.
  • Develop and implement new pricing and testing procedures in order to improve the quality and efficiency of the associated actuarial procedure. In collaboration with the various leadership teams, review various aspects of a pricing change and make recommendations for product, rate and /or rules changes. Provide an on-going review and improvement of pricing templates and processes for greater automation and accuracy.
  • Provide analysis of the current and future financial position of the Company in order to provide management and regulators with any relevant information aimed at ensuring its financial strength and stability. Develop and implement profitability analysis by product line and by source.
  • Develop methods to regularly review and recommend adjustments to the underlying assumptions inherent in the various pricing models.
  • In conjunction with the Underwriting Department, assist in the development and implementation of an underwriting formula which appropriately reflects the underlying risk, emerging experience and associated expenses inherent in the business being underwritten to determine the appropriate rate for coverage.
QUALIFICATIONS
  • Bachelor’s Degree in Mathematics, Statistics or Actuarial Science preferred.
  • 5 years’ actuarial experience, preferably in the area of pricing or product development.
  • Minimum 3 years’ people leadership experience.
  • ASA or ACAS designation required.
  • Strong knowledge of SAS programming.
  • Strong knowledge of statistical modelling processes, pricing techniques, and forecasting.
  • Demonstrated ability to build strong relationships at all levels of the organization.
  • Demonstrated ability to effectively lead people, get results through others and provide coaching/constructive feedback.