Manager, Actuarial Pricing

  • 34019
  • Non-Life - Actuarial
  • |
  • Ontario, Canada
  • |
  • Aug 7, 2018
Insurance
RESPONSIBILITIES
  • Develop and maintain rating structures and rates, inclusive of soliciting input from multiple areas of the company.
  • Provide oversight of actuarial analysis of insurance rates, rating procedures and rating plans.
  • Prepare necessary regulatory filings, ensuring the actuarial practices are consistent with accepted actuarial practice and correctly applied.
  • Assist with the implementation of approved refinements to current risk classification systems, pricing models and ratemaking methodologies as appropriate to meet the organizational objectives.
  • Work with multiple areas of the company to identify profitable markets and design appropriate products.
  • Remain up to date on current accepted methodologies and new emerging methodologies in insurance pricing.
  • Ensure procedures are in place to collect the relevant data necessary for the pricing process and verify its availability, completeness and accuracy.
  • Monitor the company’s insurance portfolio relating to changes in mix of business, retentions, current/prospective profitability etc. and report to management as necessary.
  • Maintain statistical databases necessary for product pricing and product development.
  • Ensure required regulatory reporting for pricing activity is carried out.
  • Lead performance of direct reports inclusive of providing professional and technical guidance, and provide regular performance reviews.
  • Play an active role in the interpretation of data and statistical studies in the pricing area.
  • Develop and maintain appropriate relationships with regulators and professional associations.
  • Perform other duties as assigned, handling special projects as assigned by Director, Actuarial Pricing.
QUALIFICATIONS
  • Undergraduate university degree in Actuarial Mathematics, Statistics, Mathematics or other related field of study.
  • ACAS designation a requirement; FCAS designation considered an asset.
  • Extensive and recent knowledge of the Canadian Property Casualty market specifically, with demonstrated insurance industry and insurance operations experience.
  • Extensive knowledge of current Canadian insurance pricing techniques.
  • Superior communication and presentation skills, with the ability to communicate with all levels of leadership at the right level for the audience.
  • Excellent analytical and problem-solving skills with the ability to understand context and its impact on all issues, identify key areas requiring action and successfully execute strategies for resolution.
  • Ability to develop and implement comprehensive plans that bridge complex issues for long term success.
  • Strong leadership skills with the ability to develop and communicate a vision that will motivate, engage and challenge team members.
  • Willingness to act as a change agent for the organization, demonstrating courage and integrity.