Senior Actuarial Analyst - Pricing Job Montréal area,Montreal Province de Québec Canada,Finance & Banking

Location: Montreal

Description

We are excited to be expanding our presence in Québec City with a new office opening in the near future. In the interim, candidates based in Québec City are welcome to apply and may work remotely until the office becomes operational. Once the office is established, the role is expected to align with a hybrid working model based out of Québec City.

DEPARTMENT OVERVIEW

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.

POSITION OVERVIEW

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

RESPONSIBILITIES

1. 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

2. 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

3. 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

4. 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

5. 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

6. 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

7. Usage Based Insurance (UBI) Pricing

Support monitoring of UBI driving patterns and competitive trends

Contribute to the continuous improvement of the UBI pricing strategy

JOB REQUIREMENTS

University degree in Actuarial Science or related field with minimum SOA (P, FM) and CAS exams completion

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 creativity in their work

PREFERRED QUALIFICATIONS

Prior experience with predictive modeling

Working toward FCIA/FCAS designation

Who We Are:

As part of TD Bank Group, one of Canada's largest financial institutions, at TD Insurance, we care for Canadian families, making it easy to get the best advice, protection, and support in their moments of need, always.

TD Insurance offers a wide range of products, including General Insurance and Life and Health. Everyday, we strive to make every interaction, product and experience remarkably human and refreshingly simple for more than four million customers who count on us.

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