Manager, Reserving - Corporate Actuarial

Job Code: 7880
Location: Waterloo, ON
Department: Corporate Actuarial
# of openings: 1
Job Type: Full Time
Closing Date:



Because a changing industry calls for a new way of doing things. An ambitious, innovative and fast-paced company, we offer exceptional training and development programs, competitive pay, great benefits, company-matched RRSPs, and paid volunteer days — all within an engaging, fun, and collaborative work environment.

Founded more than 145 years ago, Economical is one of Canada’s leading property and casualty insurance companies. We rely on our national network of more than 800 independent brokers to sell a range of car, home, business, and farm insurance solutions. With Sonnet and Petline, we’re extending our reach through the direct-to-customer channel. With more than 2,400 active employees across the country and a commitment to rethinking the insurance experience, we’re poised for great things.

We’re now adding to our high-performance team to take us into the future. Let’s rethink insurance, together.

** Please note:  This  role is available to applicants in either Waterloo or Toronto **

In this role, you will:

  • Oversee the process of estimation of policy liabilities as well as profitability analyses and communication of findings to stakeholders
  • Partner with the Manager of Actuarial Reporting, Manager of Planning and Manager of Strategic Risk within the Corporate Actuarial department 
  • Work with Finance, Claims, Risk Management, Commercial Insurance and Personal Insurance departments and Auditors (both Internal and External) at the direction of the Corporate Actuarial Director

Your Responsibilities

  • Oversee the scheduling, preparation and production of policy liability estimates, including the data collection from both internal and external information sources
  • Act as a contact for other departments regarding policy liability estimation for all lines of business of Economical Insurance and its subsidiaries
  • Provide leadership and guidance, technical instruction and ongoing feedback to direct reports regarding performance, productivity, work quality, personal conduct and adherence to corporate policies and procedures
  • Clearly communicate loss reserve analysis results to the Director, Corporate Actuarial and Chief Actuary
  • Recommend and implement enhancements to the reserving and projection process to improve process efficiencies, model parametrization and the ability to quickly parse the change in profitability into terms of loss experience, assumption changes and methodology changes
  • Ensure that all analyses, reports and documentation are compliant with internal company policies and regulatory requirements
  • Assist with special corporate strategic projects such as demutualization, mergers & acquisitions, etc.

Your Skills and Experience

  • University Degree in Actuarial Science or a relevant discipline
  • Must have successfully achieved Fellowship in the Casualty Actuarial Society
  • Must have at least 5 years of relevant full-time reserving experience
  • Must have good project management skills such as communication and organizational skills, and an ability to promote and supervise a team effort toward project completion


At Economical, we all work together to come up with big ideas — then bring them to life. We focus on our customers first, we bring our best, and we’re stronger together. If you’ve got the passion and the desire to help us reinvent insurance, let’s talk.



Create a general profile here. To complete the online application process, you’ll need to upload your resume before you apply for the role you’re interested in. Please note that only one document can be uploaded, so be sure to combine your resume and cover letter.

We are committed to providing an inclusive work environment that welcomes diversity and supports accessibility across the organization. If you require accommodation at any time during the recruitment process, please let us know by contacting:

Visit to learn more about us and what we’re up to.

Economical Insurance includes the following companies: Economical Mutual Insurance Company, The Missisquoi Insurance Company, Perth Insurance Company, Waterloo Insurance Company, Family Insurance Solutions Inc., Sonnet Insurance Company, Petline Insurance Company

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