Pricing Actuary

  • 38882
  • Life - Actuarial
  • |
  • British Columbia, Canada
  • |
  • Jan 14, 2021
Insurance
RESPONSIBILITIES
  • Independently build models to identify, analyze, and interpret trends and patterns in sales and claims data.
  • Proactively evaluate the rating assumptions and suggest updates based on the emerging claims experience.
  • Forecast and report on financial performance of the insurance book of business.
  • Review and maintain the rate levels to achieve the target profitability metrics for the products.
  • Review and maintain the rating structure of company products to achieve the desired risk selection.
  • Provide input on the structure of new product features to address the above targets.
  • Develop and maintain insight into competitive benchmarking of rates and participate in optimizing the pricing to meet retention and new business growth targets.
  • Suggest improved algorithms to determine appropriate levels of loss reserves by reviewing loss reserve development.
  • Make recommendations on data collection tools, software, and business processes to maximize insights and efficiency of the pricing function.
  • Collaborate with relevant stakeholders at all levels of the organization, including making and presenting recommendations to a variety of technical and non-technical audiences.
  • Model and encourage use of best practices of actuarial techniques, modelling, and analytics.
  • Achieve performance targets.
  • Collaborate and communicate effectively with team members and all other teams.
  • Responsively and effectively handle issues.
  • Look for ways to improve customer experience.
  • Promote and model company culture, values, and brand promise.
  • Continuously build professional and technical expertise.
  • Other duties as required.
QUALIFICATIONS
  • Bachelor’s degree in Mathematics, Statistics, or Actuarial Science
  • Solid knowledge of actuarial principles, 3-4 years of related experience
  • Recent or near FCAS/FSA designation
  • High proficiency in MS Excel
  • Experience using R or Python
  • Excellent analytical and problem-solving skills
  • Strong attention to detail
  • Ability to interpret the results and present ideas/decisions clearly
  • High level of personal integrity and self-accountability
  • Demonstrated creativity to identify and implement innovative solutions
  • Ability to work with private information ensuring confidentiality
  • Excellent written and verbal English communication skills
  • Strong team player and positive contributor
  • Able to consistently live our values of valued, effective and trusted
  • A strong customer experience focus
  • A passion for continuous learning and professional achievement
  • A passion for travel