Director of Pricing

  • 37163
  • Non-Life - Actuarial
  • |
  • Alberta, Canada
  • |
  • Apr 2, 2020
Insurance
RESPONSIBILITIES
  • Perform actuarial analysis of insurance rates, rating procedures and rating plans for personal and commercial business lines.
  • Develop effective rating systems.
  • Provide actuarial support for required rate filings.
  • Liaise with Information Technology department on development and maintenance of our underwriting system as it relates to pricing and reinsurance.
  • Prepare insurance forecasting models.
  • Provide advice to enterprise risk manager.
  • Drive the compilation and analysis of data required for reinsurance program.
  • Identify profitable markets and design appropriate products in conjunction with the Corporate Underwriting team.
  • Provide recommendations to the Executive Management team regarding pricing and products.
  • Keep management informed of relevant industry developments.
  • Oversee the results and monitor the work of the Actuarial Analyst and Assistant Actuary.
  • Mentor and provide professional and technical guidance to the actuarial team.
  • Provide support for and serve on special committees as initiated by the company.
  • Communicate and explain pricing and product changes in a clear and effective manner.
  • Participate in strategic planning with Executive and senior management.
  • Develop and maintain effective relationships with internal partners as well as external partners such as government officials and representatives, vendors and consultants.
  • Serve on industry committees and volunteer for actuarial profession
  • Various other duties as they relate to product pricing or loss analysis.
QUALIFICATIONS
  • Bachelor of Commerce or Science Degree.
  • FCIA strongly preferred. ACIA will be considered.
  • Minimum 15 years of property and casualty rating experience, knowledge of rate capping procedures is required, and commercial property knowledge is preferred.
  • Mentorship or supervisory experience.
  • Experience in Reinsurance.
  • Understanding of the industry and area of service; commercial property knowledge preferred.
  • Knowledge of underwriting and risk management.
  • Problem solving using quantitative and analytical skills to make data-driven decisions.
  • Able to manage competing/conflicting priorities while completing assignments successfully.
  • Analytical and research skills.
  • Excellent organizational, planning and implementation skills.
  • Excellent writing and verbal communication skills, with the ability to present to non-technical audiences.
  • Communicate impacts of changes to branches in a way that they are able to respond effectively.
  • Sound analytical thinking, planning, prioritization, and execution skills.
  • Able to meet deadlines.
  • High level of critical and logical thinking, analysis, and/or reasoning to identify underlying principles, reasons, or facts.
  • High degree of accuracy.
  • Familiar with predictive modeling and data manipulation tools such as R, SQL.
  • Customer service driven.
  • Confident with decision making in regards to determining project guidelines, purpose, following through and completion.
  • Ability to respond appropriately in pressure situations with a calm and steady demeanor.