Director

  • 37748
  • Non-Life - Actuarial
  • |
  • Saskatchewan, Canada
  • |
  • Jul 16, 2020
Insurance
RESPONSIBILITIES
  • Investigates and communicates key actuarial and technical considerations for corporate strategic initiatives.
  • Provides insight and research on future strategic initiatives worth pursuing.
  • Leads the development of rating, classification systems and processes for new products and in areas with less existing sophistication.
  • Proposes rates and rating structures for new products to produce the most appropriate products for competitive market conditions.
  • Proposes changes to rating structures for existing products to enhance pricing sophistication.
  • Ensures profitability through setting of rates in competitive automobile products by utilizing actuarial pricing methodologies and competitive strategies.
  • Presents results of actuarial rate analyses to company management.
  • Oversees and performs complex analyses and makes recommendations for regulatory rate filings.
  • Responsible for relationship with rate regulators and influencing decisions in the interests of the company.
  • Provides pricing for All property product lines.
  • Provides guidance, manages, and reviews rate indications and relativity analyses. Analyzes and monitors the performance of competitive automobile products.
  • Determines information needs for pricing projects and direct and implement the necessary solutions.
  • Works with the pricing team to analyze, research, develop, and recommend improvements to actuarial rating models, analysis, applications and rating plans.
  • Directs the necessary improvements to actuarial methods, analysis or applications.
  • Develops and maintains relationships with key internal stakeholders in the underwriting, claims and IT departments, and with the senior management of the organization.
  • Acts as the liaison with underwriting systems to ensure the correct rates are implemented.
  • Builds a high performing workforce by actively leading human resource activities.
  • Ensures development of divisional succession plans.
  • Builds a culture of leadership accountability to effectively deliver on strategic and corporate strategies, ensuring integration with employee performance development and career development plans.
  • Drives performance through team members and is committed to leadership development across the company, supporting employees and workforce readiness through mentoring, training and developmental opportunities.
  • Ensures programs and policies are in alignment with corporate, strategic and divisional strategies.
  • Manages risk in area of authority.
  • Prepares, reviews, manages and/or approves departmental/divisional budgets.
  • Prepares decision requests, decision and/or information items and/or board items.
  • Ensures that the Health, Safety and Emergency Management Policy is applied in area of responsibility, including development, implementation and managing of program components specific to departmental health and safety requirements.
  • Makes decisions for departmental operations that are efficient, effective and in alignment with strategic direction and priorities.
  • Ensures department and program policies, procedures and guidelines are in compliance with applicable federal and provincial legislation and regulations; implements and evaluates changes to legislation and regulations in area of authority.
  • Establishes and maintains an effective system of internal controls to support reliable financial reporting and compliance in accordance with applicable laws and regulations within the span of control and communicates the importance of internal controls to staff.
QUALIFICATIONS
  • A four-year degree from an accredited post-secondary education institution in a relevant field of study such as Mathematics and Applied Science.
  • A Fellowship of the Casualty Actuarial Society designation or Associate of the Casualty Actuarial Society working towards FCAS.
  • Four years’ leadership experience.
  • Six years' experience in an actuarial role in the property and casualty field.
  • Knowledge of actuarial methods, statistics and assumptions used in ratemaking and reserving.
  • Knowledge of the applicable insurance industry and insurance product features.
  • Ability to present and communicate results of actuarial analyses.
  • Knowledge of statistical software, programming, and corporate database concepts.
  • Knowledge of systems and programming techniques used in actuarial modeling and related mathematical and statistical applications.
  • Knowledge of regulatory filings requirements and regulatory compliance.
  • Knowledge of advanced actuarial concepts/methods within the core discipline.
  • Knowledge in loss distributions, quantitative modeling and simulation techniques.
  • Knowledge of financial analysis methods, measures and risk management.