Actuarial Analyst

  • 36822
  • Non-Life - Actuarial
  • |
  • Ontario, Canada
  • |
  • Feb 13, 2020
Insurance
RESPONSIBILITIES
  • Providing actuarial support in the development of new/revised products and services to achieve successful implementation of approved strategic initiatives, including product design, investigation of compliance, legal and fiscal regulations, technical specifications and administrative procedures.
  • Supporting the development of new pricing and testing procedures in order to improve the quality and efficiency. In collaboration with others, review various aspects of a pricing change and make recommendations for product, rate and /or rules changes. Provide an on-going review and improvements of pricing templates and processes for greater automation and accuracy.
  • Supporting the development of tools and reports for underwriting to ensure strong profitable revenue growth.
  • Supporting ongoing analysis of the current and future financial position of the Company in order to provide management and regulators with any relevant information aimed at ensuring its financial strength and stability. Supporting the development and maintain profitability analysis by product line and by source.
  • Analyzing the changing market conditions affecting pricing/profit of the products and services, our emerging trends and results. Participating in the development of financial models and in the analyses of the results to determine its long-term financial soundness.
  • Developing methods to regularly review and recommend adjustments to the underlying assumptions inherent in the various pricing models.
QUALIFICATIONS
  • Advanced skill in using MS Excel and MS Access.
  • Previous exposure to VBA and SAS, preferred.
  • Knowledge of the various modeling processes, pricing techniques, and forecasting methods.
  • Excellent analytical and decision-making skills as well as the ability to apply regular interpretive thinking to outcomes.
  • University Degree in Math, Statistics or Actuarial Science, coupled with a minimum of 2 years of actuarial experience, preferably in pricing or product development.
  • Must have completed a minimum of 2 SOA or CAS exams with a commitment to continue writing actuarial exams.