Manager, R&D

  • 35228
  • Non-Life - Actuarial
  • |
  • Ontario, Canada
  • |
  • May 22, 2019
  • Lead the pricing best practices area of indications, predictive modeling, and competitive analysis, including training and knowledge transfer.
  • Research/Implement new methods to be used in pricing by building Machine learning models, explore new applications/datasets to supplement the work of the regional pricing teams, churn model for retention, and Price Optimization.
  • 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.
  • Manage 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
  • Undergraduate university degree in Actuarial Mathematics, Statistics, Mathematics or other related field of study.
  • Associate of the Casualty Actuarial Society Designation or FCAS
  • At least 5 years’ experience in the Property Casualty insurance industry and insurance operations with some experience in a leadership role.
  • Extensive knowledge of current insurance pricing techniques.
  • In depth experience with Emblem, Radar and/or Classifier or related software.
  • Excellent communication skills both written and verbal.
  • Excellent analytical and problem-solving skills with the ability to understand context and its impact on all issues.
  • Ability to Identify when something needs to be done and initiates action as required.
  • Proven ability to adapt to change effectively.
  • Develop and implements comprehensive plans that bridge complex issues and span across time.
  • Demonstrated strong leadership skills with the ability to develop and communicate a vision.
  • Fellow of the Casualty Actuarial Society is an asset.
  • Experience with R and Python is an asset.