Actuarial Analyst III - Pricing

Pay Details

93 100 $/$93, $/$130,000 CAD

Montréal, Quebec, Canada

35

Data & Analytics

This role is temporarily eligible for a pay premium above the posted salary range that is reassessed annually. You are encouraged to have an open dialogue with your recruiter who can provide more specific pay details for this role. TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience  compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role.

The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs. As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

The GI Pricing and Profitability team is expanding, and many new positions are now available! Our team is crucial in maintaining the company's financial health and competitive edge. By leveraging data analysis, actuarial science, and market research, we ensure profitability while offering fair and attractive rates that comply with provincial regulations. This growth offers incredible opportunities for career advancement, exposure to diverse projects, and the chance to be part of a transformative journey.

Multiple Senior Actuarial Analyst positions are available within the GI Pricing and Profitability team. As a Senior Analyst, you will focus on implementing pricing strategies and coaching junior actuaries to achieve business objectives. Reporting to the Actuarial Manager, the Senior Analyst is expected to demonstrate subject matter expertise, work autonomously, and play a key part in executing the team's strategic direction.

• Regional Auto (ON, QC) or Residential Pricing
• Review and update of pricing algorithm to support business objectives toward profitability and growth
• Generate ideas in the development of strategies to accelerate profitable growth and execute on their implementation
• Submit filing documentation and support to regulatory bodies where required
• Pricing Optimization
• Implement pricing optimization strategies across personal lines
• Build and apply models and optimization techniques to recommend premium adjustments
• Track and report on the performance of deployed strategies, identifying areas for improvement
• Risk Sharing Pool (RSP) Strategy and Performance
• Assist in centralizing and optimizing RSP cession strategy at a national level
• Support the achievement of financial objectives for each pool
• Analyze cession results and pool performance, providing recommendations for optimal outcomes
• Affinity Market Group (AMG)
• Continuously review and update group discounts to support affinity-related pricing and business objectives
• Monitor affinity group profitability to inform pricing decisions
• Review and update profit-sharing strategies to support AMG regulatory and contractual requirements
• Initiatives & Governance
• Support internal product and pricing initiatives from the initial business case to rate filings
• Support the development and adherence to pricing controls, ensuring proper governance
• FSRA Accreditation
• Support cross functional project aimed at further developing and maintaining proper governance in line with FSRA's expectation for upcoming accreditation process
• Contribute to the development of our Bias and Fairness pillar to ensure our pricing strategies reflect these principles
• Usage Based Insurance (UBI) Pricing
• Support monitoring of UBI driving patterns and competitive trends
• Contribute to the continuous improvement of the UBI pricing strategy

• University degree in Actuarial Science or related field
• 5+ years of related experience
• Excellent knowledge of Excel
• Proficiency and interest for programming, notably with SQL and R
• Strong aptitude for team work
• Autonomous and resilient; shows initiative and…