Actuarial Consultant/sr Actuarial Analyst (Pricing R&D)

Job ID : 7755

Working Business Language : English; this role is considered a head-office role and will be required to communicate with internal stakeholders across Canada where the primary business language utilized is English

Salary : At Wawanesa, salary is only one component of a holistic, comprehensive and competitive offering that we provide to our employees.

In addition to salary, full-time and part-time permanent employees are eligible for an annual bonus plan, leave of absence top-up programs and provided with generous vacation time, personal days, premium free benefits and pension plan.

The salary offered for this role is determined with consideration to various factors, including but not limited to : your work location, local labour market conditions, external market salary data, internal pay equity and the knowledge, skills, experience and anticipated proficiency in the role.

The salary offered is estimated to be within the following range : $80,000- $140,000. Candidates with salary expectations outside of the range are still encouraged to apply.

About Us

At Wawanesa, we're proud to offer a hybrid work environment that offers flexibility to our employees in balancing in-office (2 days per week OR 15 hours per week in a Wawanesa office) and remote work.

You may work from any of the following locations : Winnipeg, MB; Vancouver, BC; Calgary, AB; Edmonton, AB; Toronto, ON; Kitchener, ON;

Ottawa, ON; Montreal, QC; Moncton, NB; Dartmouth; NS

The Wawanesa Mutual Insurance Company, founded in 1896, is one of Canada's largest mutual insurers, with over $4 billion in annual revenue and assets of $12 billion.

Wawanesa Mutual, with executive offices in Winnipeg, is the parent company of Wawanesa General, which offers property and casualty insurance in California and Oregon;

Wawanesa Life, which provides life insurance products and services throughout Canada; and Western Financial Group, which distributes personal and business insurance across Canada.

Wawanesa proudly serves more than two million members in Canada and the United States. Wawanesa actively gives back to organizations that strengthen communities where it operates, donating well above internationally recognized benchmarks for excellence in corporate philanthropy.

Learn more at wawanesa.com.

We are currently looking for dedicated, driven, and enthusiastic individuals who thrive in an environment that welcomes change and are looking for an opportunity for diverse experience and advancement on a growing team.

Job Overview

Wawanesa is looking for an exceptional candidate to take on the role of Actuarial Consultant or Senior Actuarial Analyst in our expanding Pricing Research and Development team.

As a member of Pricing R&D, your focus will be on improving our pricing sophistication through enhancement of loss cost models, collaborating closely with pricing leaders in leveraging the models to optimize rate changes for our members.

You will function as an expert in actuarial methodologies and mentor actuarial staff in the understanding and use of these methods.

Job Responsibilities

Analytical Researches, extracts, and manipulates complex data from relevant sources, and assesses data quality. Supports the business and overall team by performing analyses / reviews and completing ad-hoc requests / special projects in a timely manner with minimal support from peers and leaders.

Evaluates procedures and processes, and recommend alternatives or improvements.

Process Improvement / Efficiency Evaluates existing processes to find areas for increased efficiency. Identifies opportunities for automation of routine tasks and implementation of advanced techniques while ensuring ethical and responsible application of solutions.

Develops new approaches to problem solving and assess impacts with minimal support from leaders.

• Industry Identifies emerging industry trends and analyzes the impact they will have on Wawanesa. Encouraged to represent Wawanesa at external events that may include universities, actuarial clubs, industry organizations, and charitable causes.
• Commitment to Learning Commits to professional development and continuous experiential learning to build cross-functional knowledge, technical skills, and mastery in competencies.

Focuses learning activities on bringing new knowledge and skills to team in order to address any existing gaps.

• Stakeholder Management Provides regular project updates to stakeholders. Anticipates obstacles and raises them in advance.
• Project Management Leads projects from beginning to end. Includes implementation of final product. May include training and documentation of the project.
• Mentorship Actively contributes to the mentorship, training and development of actuarial analysts.
• Coaching & Developing Others Provides feedback, instruction, and development guidance to help others excel in their current or future job responsibilities.
• Leadership Builds trust and credibility with peers. Develops strong working relationships across teams.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or other related discipline.
• More than four years of actuarial experience an asset.
• 7 CAS exams or ACAS designation an asset.
• Experience with machine learning modelling or other pricing modelling methods and software.
• Ability to translate problem solving methods and ideas to various computer languages efficiently and effectively.
• Ability to apply knowledge of actuarial science, mathematics, probability, statistics, principles of finance and business to problems in insurance.
• Understanding of database systems and how to interpret / extract data from those systems.
• Advanced written and verbal communication skills with ability to communicate at the right level of complexity for the audience.
• Ability to develop timelines for projects and handling multiple concurrent assignments in a timely manner while proactively keeping leader informed of progress.
• Works efficiently and cooperatively in a team environment and involve others when appropriate.
• Ability to ask effective questions to elicit detailed and relevant information.

LI-Hybrid #LI-JB2

Wawanesa is proud to be one of Manitoba's Top Employers for 2023 recognizing that we are an exceptional place to work!

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