Senior Actuarial Associate / Associate Actuary

  • 36524
  • Life - Actuarial
  • |
  • Ontario, Canada
  • |
  • Jan 3, 2020
  • Create and update pricing models for pricing initiatives, which includes preparation and/or presentation of pricing report results to Pricing Actuaries and senior management.
  • Conduct research and derive pricing statistics and other key variables to support UL product line and ensure that the required pricing assumptions are accurate and reasonable.
  • Design required technical changes for pricing of new products and/or product enhancements and ensure all required updates or changes are done as required to support ongoing business operations, monitor pricing assumptions and provide approval for required changes.
  • Support Life special quotes, policy administration and illustration software testing.
  • Communicate insurance quotes and corresponding technical information as required to brokers and regional sales employees, addressing any questions and resolving any outstanding issues.
  • Support pricing projects as required, which includes, but not limited to, evaluating product design concepts, completion of experience studies, and evaluating reinsurance treaties.
  • Assist in the production of management information reports on the profitability of product lines as well as emerging business and industry trends.
  • Support the implementation and testing of product changes in the illustration software and administrative systems.
  • Support other requirements within the Pricing department such as product development, reporting, regulatory implementation ensuring compliance with Canadian Institute of Actuaries guidelines, Income Tax Act and OSFI regulatory framework.
  • Completion of a University degree in Actuarial Science, Math, Finance or a similar discipline.
  • Completion of at least 4 SOA or equivalent actuarial exams.
  • Understanding of valuation and/or pricing analysis methodologies.
  • Excellent working knowledge of Microsoft Office Excel, Word and PowerPoint.
  • Knowledge of Life Insurance products is an asset.
  • Strong knowledge of GGY Analytics AXIS and Excel is required.