Actuarial Assistant Analyst/Actuarial Analyst

  • 34833
  • Non-Life - Actuarial
  • |
  • Ontario, Canada
  • |
  • Mar 7, 2019
Insurance
RESPONSIBILITIES
  • Develop, implement, and maintain mathematical models and simulations to analyze rate adequacy, classification experience and other pricing-related analysis.
  • Assist in the improvement of existing models and templates used.
  • Generate clear and user-friendly documentation on work produced.
  • Develop and test results of actuarial analysis in an effective manner.
  • Develop and support assumptions used in analysis.
  • Compile and analyze historical exposure, premium and loss experience using actuarial techniques to determine rate adequacy.
  • Develop, run and modify existing programs in an effective manner to perform statistical analysis.
  • Develop and verify sources of data for analysis, and ensure that data used is sufficient, current, and accurate.
  • Detect and investigate anomalies in data to ensure the development of the most accurate and practical proposals.
  • Prepare pricing proposals that are in line with business/strategic directions set by senior management.
  • Communicate findings to team members and manager.
  • Provide assistance and training to other employees to efficiently use standard actuarial techniques.
  • Other related duties as assigned.
QUALIFICATIONS
  • Post-secondary education with a major in Actuarial Science or Mathematics.
  • For Analyst: Minimum 2 years of experience in an actuarial related field and successfully passed at least 3 of the 9 Casualty Actuarial Society exams.
  • For Assistant Analyst: 1 - 2 years of experience in an actuarial related field and successfully passed 1 - 3 of the 9 Casualty Actuarial Society exams.
  • Good working knowledge of Microsoft Excel, Word and PowerPoint. VBA, SAS and Access are assets.
  • Working knowledge of rate-making policies and procedures.
  • Basic knowledge of insurance products and the insurance distribution process.
  • Knowledge of programming languages.
  • Working knowledge of mathematical theory.
  • Working knowledge of legal statutes regulating the insurance industry.
  • Strong research and analytical skills.
  • Strong interpersonal skills.
  • Good communication skills.
  • Ability to explain complex terms/processes in simple language.
  • Works well with others.
  • Strong time management skills.
  • Ability to work independently.
  • Ability to contribute to multiple tasks within timelines.
  • Creative.
  • Driven by success.