Senior Actuarial Analyst

  • 38287
  • Life - Actuarial
  • |
  • Ontario, Canada
  • |
  • Sep 29, 2020
Consulting
RESPONSIBILITIES
  • Actuarial valuations, Includes both post retirement and post-employment benefits programs.
  • Conduct accounting disclosures, claims analyses, costings, projections, and periodic experience updates as required to assist in the financial management of clients’ insurance plans.
  • Maintaining a variety of Excel-based group benefit actuarial tools.
  • Conduct underwriting analysis based on clients’ plan history and change in risk to negotiate the best insurance rates possible on their behalf.
  • Flexible benefit pricing.
  • Assist consultants with negotiating renewal ratings.
  • Preparing quarterly experience reviews, letters.
  • Perform market reviews and benchmarks to meet the evolving business needs of our clients.
  • Preparing financial exhibits.
  • Analyzing quotations and preparing specifications for seeking quotations.
  • Arranging and writing the client report summarizing quotation results.
  • Reviewing group insurance contracts, agreements, and employee booklets.
  • Peer review and validation work done by junior health and benefits analysts.
  • Assist in analytic projects such as pooling risk simulations and drugs utilization reviews.
  • Promoting good public relations by developing strong working relationships with clients and insurance company representatives.
  • Maintaining an up-to-date knowledge group system, products and technology, while having a thorough understanding of how these relate to group insurance consulting.
  • Occasional travel required to client locations.
QUALIFICATIONS
  • Bachelor’s degree is required, preferably in Actuarial Science, Mathematics, or related discipline.
  • Commitment to professional development. Completion of at least 3 SOA exams, and working towards completion of ACIA and ASA designation.
  • Minimum of 2-5 years of relevant experience; relevant experience in a consulting/insurance environment working in group underwriting and group benefits departments preferred.
  • A superior ability in mathematics and financial analysis, and demonstrated computer skills using financial spreadsheet programs.
  • Superior communication skills, both written and oral.
  • Must be a highly motivated, client service and team oriented individual.
  • Ability to multi-task on several projects simultaneously in an environment with concurrent deadlines subject to change, as well as regular interruptions.
  • Strong technical skills across Microsoft Office Suite, including Word, PowerPoint and Excel. Must have Advanced Excel proficiency.
  • Local travel is required.