Junior Actuarial Analyst (UW Info Session)

Job Code: 8069
Location: Waterloo, ON
Department: Personal Insurance
# of openings: 1
Job Type: Full Time
Closing Date: 21/09/18

Description

If you are looking for a challenging new opportunity to develop your actuarial skillset within a strong culture of innovation, consider joining our actuarial teams at Economical Insurance, including our direct arm, Sonnet.  We’re looking for candidates who are on top of their game. Find out what it’s like to work at Economical: https://youtu.be/C2mu-vLY_0Q

This role is available at any one of the following locations:  Toronto, Waterloo, Vancouver or Montreal.

Reporting to a Manager or Team Lead, you will have responsibility in one of four areas: Personal Insurance Pricing, Commercial Insurance Pricing, Corporate Actuarial, or Advanced Analytics. 

Personal and Commercial Pricing analysts are responsible for analysis pertaining to rate adequacy and segmentation, including development of rating structures using multivariate actuarial models and determination of overall rate level. 

Corporate Actuarial analysts are responsible for the valuation of policy liabilities, reviewing the company’s overall financial condition (DCAT), and supporting the corporate planning, risk management, and de-mutualization processes. Corporate Actuarial is also responsible for the development of stochastic economic capital models used to assist management in estimating the company’s capital requirements in aggregate and at the business segment level.

Advanced Analytics analysts develop statistical models based on socio-demographic, financial and policyholder data in support of stakeholders in a variety of business units, such as Sales, Marketing, and Claims.   Advanced Analytics also researches new and innovative data sources and modelling techniques.

KEY ACCOUNTABILITIES

  • Develop knowledge of actuarial operations and the insurance business, including predictive modeling, underwriting, reserving, claims handling, and product development
  • Develop and apply professional experience with statistical software, databases, and spreadsheets to prepare and analyze data used in pricing, reserving and profitability analysis
  • Learn to communicate actuarial concepts to a non-technical audience
  • Respond to requests of internal and external stakeholders with support from more senior staff
  • Develop segmentation strategies to support bottom line growth
  • Support the development and enhancement of processes to improve efficiency

JOB REQUIREMENTS

  • University degree; preference given to candidates with actuarial science or statistics degrees
  • Must have completed at least two exams of the Casualty Actuarial Society
  • Must have excellent communication and organizational skills

TECHNICAL COMPETENCIES

  • Candidates must possess strong programming & data manipulation skills
  • Candidates should have experience with Excel, VBA, and other Microsoft Office tools
  • Knowledge of R, SAS, Emblem, Radar, Python, and ResQ is an asset (varies by position)
  • For pricing and advanced analytics roles, preference is given to candidates with predictive modelling / machine learning experience, geospatial mapping, or experience with large datasets

INFORMATION SESSION

Economical is pleased to be holding an information session at the University Club on Wednesday, September 19, 2018 from 6:00 pm to 8:00 pm for graduating students interested in career opportunities with the company.  Participating students will have the opportunity to network with actuarial leaders and learn more about available roles and corporate culture. 

Please see Economical's info session page for more details and to RSVP for the session.





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