Senior Actuarial Analyst

  • 35980
  • Non-Life - Actuarial
  • |
  • Ontario, Canada
  • |
  • Oct 7, 2019
Insurance
RESPONSIBILITIES
  • Develop, implement, and maintain mathematical models and simulations to analyze rate adequacy, classification experience and other pricing-related analysis.
  • Improve existing and develop new models and templates.
  • Generate clear and user friendly documentation on work produced.
  • Develop, test and enhance results of actuarial analysis in an effective and efficient 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 and efficient 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 and offer insights in order to ensure the development of the most accurate and practical proposals.
  • Develop and present pricing proposals that are in line with business/strategic directions set by senior management.
  • Interpret results of analysis.
  • Communicate results of various analyses to management and other stakeholders.
  • Prepare Regulatory fillings/prepare the necessary documentation for Regulatory filings
  • Communicate with regulatory authorities with respect to filings and rate examinations.
  • Apply knowledge of insurance regulations and products.
  • Supervise systems rate file changes and produce rate pages where required.
  • Research applicable statutes and precedents in order to prepare supporting materials for the preparation of relevant reports for submission to regulatory authorities.
  • Supervise and provide assistance, training and coaching 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.
  • Minimum 5 years of experience in an actuarial related field.
  • Successfully passed at least 5 of the 9 Casualty Actuarial Society exams.
  • Strong working knowledge of Microsoft Excel, Word, PowerPoint and SAS. VBA and Access are assets.
  • Solid knowledge of rate-making policies and procedures.
  • Good working knowledge of insurance products and the insurance distribution process.
  • Good working knowledge of programming languages.
  • Good working knowledge of mathematical theory.
  • Solid working knowledge of legal statutes regulating the insurance industry.
  • Strong research and analytical skills.
  • Strong interpersonal skills.
  • Strong coaching 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 manage multiple tasks and deliver results within timelines.
  • Good decision making skills.
  • Ability to direct projects through the stages of the Project Life Cycle.
  • Customer focused.
  • Driven by success.