Manager, Actuarial Pricing

  • 34300
  • Non-Life - Actuarial
  • |
  • Ontario, Canada
  • |
  • Sep 28, 2018
Insurance
RESPONSIBILITIES
  • On a consistent basis, evaluate and enhance the underwriting and pricing framework through statistical analysis and portfolio reviews.
  • Maintain and improve profitability analysis tools developed for actuarial, underwriting and other department leaders
  • Gather and share knowledge gained from statistical reports measuring key portfolio performance indicators
  • Communicate results of various analyses to the Actuarial and Regional Underwriting senior leaders
  • Develop and maintain a professional relationship with the Regions to enhance profitability and growth through portfolio analysis and insights.
  • Participate in the development of rate change indications for various portfolio segments of the company
  • Develop deep insights in portfolios with respect to profitability drivers
  • Liaise with Regional Underwriting to review portfolio analysis and develop strategies to stimulate growth and profits, including implementation of renewal rate change frameworks
  • Build strong relationships with Regional and Corporate Underwriting Leaders and other key stakeholders to drive efficient and effective implementation of profitable growth initiatives
  • Review and communicate technical rates for large accounts/programs based on loss-rating and exposure-rating approaches.
  • Develop and maintain guidelines to regional underwriting related to actuarial pricing support on large accounts/programs
  • Drive consistent and efficient large accounts/pricing rating framework
  • Ensure adequate and efficient completion of large account/program pricing analysis provided to regional underwriters
  • Develop an innovative and productive work unit in order to ensure that adequate staffing levels and expertise are available to meet departmental objectives and ad hoc projects.
  • Manage, supervise and coach direct reports/project teams.
  • Provide assistance and training to other employees to efficiently use standard actuarial techniques; supervise/coach actuarial project teams
  • Initiate research projects.
  • Other duties as assigned.
QUALIFICATIONS
  • Post-secondary education in related field of Actuarial Sciences, or Mathematics
  • Must have at least a Designation of Associate of the Casualty Actuarial Society (ACAS)
  • Minimum 7-10 year’s experience in the insurance industry
  • Strong working knowledge of Microsoft Excel, Word, PowerPoint and SAS. VBA and Access are assets
  • Strong working knowledge of ratemaking policies and procedures
  • Strong working knowledge of advanced mathematical theory and mathematical programming languages
  • Solid knowledge of insurance products and the insurance distribution process
  • Strong working knowledge of legal statutes regulating the insurance industry
  • Ability to direct the analysis of premium and loss data to determine rate adequacy.
  • Ability to develop an innovative and productive work unit in order to ensure that adequate staffing levels and expertise are available to meet departmental objectives and ad hoc projects.
  • Superior research and analytical skills
  • Superior interpersonal/coaching skills (interactions with other departments and co-workers)
  • Excellent ability in explaining complex terms / processes in simple language
  • Excellent ability to plan, organize and manage multiple demands and changing priorities and deliver results
  • Excellent communication skills (verbal and written)
  • Strong presentation, listening and coaching skills
  • Customer-focused
  • Ability to set meaningful departmental goals and deliver results; Ability to manager staff and work, such that all contribute to business unit and company goals
  • Strong conflict resolution skills
  • Adaptable/flexible; Team player
  • Ability to establish and manage both personal and professional development plans
  • Ability to independently develop solutions of significant importance
  • Ability to provide strategic direction