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Job ID: 35742
Job Openings by Title Actuary / Senior Actuary
Location British Columbia, Canada
Description:
Position:	Actuary / Senior Actuary 

Company:	Insurance

Location:	British Columbia

Job ID:		35742


Responsibilities:

- Use actuarial modeling tools and techniques to develop and maintain rating models, continually optimizing the rating structure for home insurance, and other product lines as required.
- Perform regular rate indications to set expectations for future losses and premium required to maintain desired financial performance.
- Assess profitability of different product segments with a view to optimizing rating structures and providing guidance to underwriting.
- Develop and maintain insight into competitive benchmarking of rates, and use this to help optimize rating structures.
- Provide input on the structure and pricing of new product features or changes to product features.
- Assess and qualify the impact that changes to the pricing strategy or coverages have on performance and the portfolio.
- 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.
- Analyze inputs, assumptions and results of external catastrophe modelling tools to assess the risk exposure of the home insurance portfolio to events such as earthquakes, wildfires and floods.
- Monitor exposure accumulations to find opportunities for profitable growth and risk control.
- Provide input on the reinsurance program strategy, including analyzing the program structure and price.
- Work with reinsurance brokers to support the maintenance of the reinsurance program.
- Research and recommend new risk mitigation options.
- Use statistical and predictive modelling techniques to provide insight on varied projects across all parts of company’s insurance related businesses. This includes working with complex data from multiple sources.
- Use predictive modelling techniques to gain insights into retention and new business, combined with insights on competitive benchmarking, to refine and optimize rating plans for a given outcome.
- Use analytical tools to gain insights into the insurance portfolio, including monitoring trends, changes and risk.
- Leverage analytics and technology to support recommendations for improving processes, product design and underwriting rules.
- Communication of findings to varied audiences across the organization.
- Provide ongoing value-added analysis and recommendations to senior leadership under a complex business environment to meet key strategic business objectives.
- Work independently on complex projects and lead projects working with other members of the team.
- Work with more junior members of the underwriting analytics team, assisting with their development and training across all technical aspects of actuarial work.
- Assist with effective knowledge transfer within team.
- Model and encourage use of best practices of actuarial techniques, modelling and analytics.
- Agile collaboration with all relevant stakeholders across the organization.

Qualifications:

- Undergraduate degree in Actuarial Science, Statistics, Mathematics, Economics, Natural Sciences, Engineering or similar discipline with emphasis on quantitative analysis and methods.
- Strong actuarial student or Near credentialed
- Minimum seven years of experience in an actuarial role with responsibilities including personal lines ratemaking.
- Proven understanding of database structures and logic and use of data science and statistical tools such as SAS, R or Python.
- Demonstrated analytical capabilities, including critical thinking with strong attention to detail.
- Practical knowledge of and experience with reinsurance.
- Excellent written communication skills along with the ability to present results of analysis to a non-technical audience at all levels of the organization, including executive level.
- Highly organized with demonstrated experience in solving problems.
- Demonstrated experience managing/leading projects and meeting project deliverables.
- Preferred:
- Experience with catastrophe modelling and GIS tools.
- Experience leading project teams, and/or developing junior analysts.
- Experience with multiple corporate structures and systems.





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