Actuarial Analyst ii (remote)

  • 40318
  • Non-Life - Actuarial
  • |
  • Canada
  • |
  • Sep 22, 2022
RESPONSIBILITIES
  • supporting the organization’s pricing strategy as we develop our in-house actuarial expertise for the company
  • design and develop product ratemaking
  • Develop predictive models that are useful in rate and price modelling, periodic claim, and revenue forecasts.
  • Develop metrics to access and monitor the health portfolios of all company's products and ensure that such metrics are updated from time to time.
  • Maintain and update, when necessary, all pricing and ratemaking models for all line of business.
  • Using trend and insight analysis, monitor the performance of all line of business in terms of rate competitiveness in the market.
  • Using advanced modeling techniques and actuarial analysis techniques to develop rate indications and segmentation models for all our lines of business.
  • Perform periodic rate and pricing reviews for all lines of business; provide quality recommendations and implementation strategy.
  • By focusing on both historical and external data, perform advanced actuarial analyses to uncover patterns, trends, insight, etc., which can be used for product improvement and development.
  • Provide actuarial supports by collaborating with other stakeholders when new products are developed.
  • Conduct regular reviews to ascertain the quality of pricing, rate, and monitor the market penetration of the company's products to ensure market competitiveness.
  • Mentor new and junior actuarial analysts to develop their capacity in the application of actuarial techniques and methods.
QUALIFICATIONS
  • 4 casualty actuarial exams.
  • Experience working with predictive analytic tools and techniques. Experience in data analytics and building predictive models is preferred.
  • Experience in Python and R would be considered an asset.
  • ->SALARY: 100-130k