Actuarial Manager – Residential Pricing Job Toronto area,Ontario Canada,Management

Description

As the Actuarial Manager - Residential Pricing, you will play a pivotal role in guiding a skilled team of actuaries to develop innovative pricing models and strategies. Reporting directly to the Senior Manager, your responsibilities will include leading the team in designing and implementing sophisticated pricing solutions, from initial data processing to final deployment and monitoring.

Strong leadership and communication skills are essential as you will work closely with the underwriting, product development, data analytics teams to create pricing strategies that accurately reflect the risk associated with individual driving behaviors while meeting our business objectives. Your leadership will be crucial in ensuring the robustness and accuracy of our pricing models, while also fostering a culture of continuous improvement and innovation.

You will be responsible for building scalable pricing processes, establishing rigorous validation protocols, and creating efficient deployment strategies to drive the success of our pricing initiatives.

KEY ACCOUNTABILITIES

CUSTOMER

Ensure team is adequately resourced and capable in managing the day to day and longer-term business needs for the function

Support functional leaders as well as business management with sound actuarial advice and knowledge to help inform business decisions

Oversee the communication, interpretation, application and implementation of actuarial analysis and results to business leaders

Review actuarial analyses produced by the team

Develops new procedures to deal with unforeseen changes and challenges

Ensure work is in line with business methodology, principles and practices

Ensure the availability and quality of data used for all actuarial analysis, based on a thorough knowledge of the data information systems

SHAREHOLDER

Challenge business appropriately ensuring best interest of the organization is considered

Lead relationships with corporate and/or control functions to ensure alignment with enterprise and/or regulatory requirements

Support team in staying knowledgeable on emerging issues, trends and evolving regulatory requirements and assess potential impacts to the Bank

Assess / identify key issues and escalate to appropriate levels and relevant stakeholders and business management where required

Ensure business operations are in compliance with applicable internal and external requirements (e.g. financial controls, segregation of duties, transaction approvals and physical control of assets)

Protect the interests of the organization – identify and manage risks, and escalate non-standard, high risk transactions / activities as necessary

Keep abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts

Maintain a culture of risk management and control, supported by effective processes in alignment with risk appetite

EMPLOYEE / TEAM

Responsible for management of the overall team providing leadership, and guidance for own area of specialization

Grow team expertise to align with business/enterprise demand and direction; assess team skills and capabilities and continually look for ways to provide and enhance the value delivered

Lead a high performing team; provide on-going feedback and performance reviews, coach and develop employees and ensure performance management activities are undertaken and completed for all employees

Manage employees in compliance with all human resources policies, procedures and guidelines of conduct

Share knowledge, information, skills, and subject matter expertise among the team and ensure the timely communication of issues and encourage good working relationships with other functions and teams

Support an environment where team freely escalates business challenges; facilitate change through positive reinforcement of milestones and successes

Build for the future by recruiting all hires to ensure a highly diverse, skilled and qualified professionals to achieve business objectives

Act as a brand ambassador for your business area/function and the bank, both internally and/or externally

BREADTH & DEPTH

Lead and manage a team of professionals and overall operation of a diverse group in an…