Pricing Analyst

  • 37923
  • Non-Life - Actuarial
  • |
  • Ontario, Canada
  • |
  • Aug 7, 2020
Insurance
RESPONSIBILITIES
  • Participates in specialized training in areas such as actuarial concepts, underwriting principles, business management, leadership/soft skills, and technical/data analysis skills. Applies increasing knowledge to assignments.
  • Prepares multiple provincial rate filings, at various stages of completion, focusing on product, pricing and regulatory issues.
  • Develops sensitivity analyses to assess potential impacts of rate changes on policyholders.
  • Consults with actuarial partners on trends analysis.
  • Makes recommendations to the team based on analysis of trends.
  • Consults with Business Intelligence and Analytics group on trends and pricing decisions.
  • Based on discussions, reviews refined recommendations with the team on actions to take within particular provinces.
  • Completes analyses with high level of accuracy. May include loss and production analyses, cross-market and cross-provincial projects, and competitive intelligence projects.
  • Researches and analyzes questions/issues raised during filings.
  • Presents recommendations to the team on responses to be and to questions raised.
  • Provides relevant data to internal product processing, regulatory/legal departments and the broader team in response to inquiries.
  • Updates internal documentation with respect to periodic data pulls in advance of team reviews.
  • Presents findings of analysis to management on a periodic basis.
  • Other duties as assigned.
QUALIFICATIONS
  • Bachelor’s degree in business management, mathematics, management information, finance, actuarial science, economics or other analytics related field preferred.
  • 2 years of experience in data analytics preferred.
  • Working knowledge of Personal or Business Insurance products and systems.
  • Working knowledge of financial analysis, pricing techniques, and alternate distribution systems.
  • Able to extract and analyze competitive data.
  • Able to interact with others on a team.
  • Ability to handle shifting priorities.
  • Strong time management skills.
  • Ability to self-direct; strong sense of urgency in meeting deadlines.
  • Good verbal and written communications.
  • Understands basic actuarial concepts such as loss development and trending.
  • Working understanding of competitive analysis tools.
  • Working understanding of basic ratemaking and its application, such as profitability, risk loads, etc.
  • Working understanding of techniques and models used to forecast insurance financials.
  • Understands and is able to access available sources of company and Industry trend information.
  • *Working understanding of and good working relationship with claim, business centers, call centers, and information technology. Developing understanding of the workflow and terminology of these areas and their impact on PL.
  • Solid knowledge of Excel, Access, and Word.