Technical Specialist, Reserving

Job Code: 9868
Location: Waterloo, ON
Department: Corporate Actuarial
# of openings: 2
Job Type: Full Time
Closing Date: 30/09/19


Reporting to the Manager, Reserving & Financial Reporting, you are responsible for the valuation and reporting of policy liabilities, reporting on claim trends, and supporting other departments like Pricing, Finance and Risk Management in their processes by providing input on claims experience and related financial trends.


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.

** This position is available to candidates located in Waterloo or Toronto **

In this role, you will:

  • combine creative actuarial knowledge with sound business judgment in developing sophisticated models that assist the company in meeting growth and profitability targets

Your Responsibilities

  • Effectively manage timelines for independent projects and analysis
  • Communicate actuarial concepts and provide recommendations to internal and external stakeholders
  • Recommend and create new approaches to analysis related to measuring, tracking and monitoring company and industry performance
  • Identify opportunities for process efficiencies across business areas
  • Perform peer reviews on the technical and qualitative analysis of team members
  • Support the Manager in coaching and counselling of junior team members

Your Skills and Experience

  • University degree in any one of the following programs: Actuarial Sciences, Mathematics, Statistics, Computer Science
  • Completion of 6 exams (minimum) of the Casualty Actuarial Society; 6C is required
  • 4-7 years of relevant full-time experience with solid knowledge of actuarial valuation and reserving
  • Strong programming skills including SAS and VBA
  • Excellent communication and organizational skills
  • Able to perform well in a busy operation and remain calm under pressure
  • Team player, adaptable to a changing and fast-paced environment

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.

We’re looking for candidates who are on top of their game. Find out what it’s like to work at Economical:


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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