Director, Actuarial Services

  • 36511
  • Non-Life - Actuarial
  • |
  • Ontario, Canada
  • |
  • Dec 27, 2019
Insurance
RESPONSIBILITIES
  • Manage and oversee the P&C actuarial pricing team.
  • Analyze and make pricing recommendations for all insurance coverages in all lines of business. Responsible for balancing rate adequacy, accuracy and competitiveness to ensure the company can achieve identified profit and revenue objectives. Identify segmentation opportunities.
  • Utilize predictive modeling to enhance the company’s insurance's ability to price all risks and to improve overall profitability.
  • Perform and/or supervise analysts performing data analysis using predictive modeling tools
  • Data Management - maintain data integrity and database functionality.
  • Interpretation of new legislation and the maintenance of positive relationships with external regulatory bodies.
  • Member of the Insurance Management Team. Actively participates in Strategic Planning and Budgeting processes.
  • Responsible for the Business and Technical specifications to the EDW project.
  • Ongoing competitive analysis of existing coverages against industry benchmarks and recommendations for revisions as necessary.
  • Ongoing review of existing product offerings to identify potential gaps and/or risk exposures. Responsible for making recommendations on new product / coverage introductions.
  • Identification and elimination of potential exposures to risk based on policy wordings or lack of exclusions.
QUALIFICATIONS
  • Minimum 7 years of relatable experience, from a technical perspective as well as leading a team
  • Prior experience completing Automobile rate filings and predictive modelling, with a strong background in Statistics
  • FCAS, FCIA
  • University Degree in Actuarial Science
  • Strong communication skills, in order to explain difficult statistical concepts in layman's terms
  • Ability to be work independently and think outside-of-the-box