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Actuarial Technical Specialist, Personal Insurance - Pricing

Job ID : 5992
Category : Personal Insurance
Brand : Definity
Regular/Temporary : Regular
Fulltime/Parttime : Full Time
Location : Toronto, Canada

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Definity includes some of Canada’s most long-standing and innovative insurance brands, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. With strong roots that date back to 1871, we’ve grown to become a digital leader in the insurance industry. We’re proud to help our clients and communities adapt and thrive in a world of constant change.

Our promise to you: It’s better here. Why? Because we CARE, and we provide an employee experience that’s collaborative, ambitious, rewarding, and empowering.

Our ambition is to be one of Canada’s leading and most innovative P&C insurers. Come be a part of our journey, and love what you do.

Starting in September, Definity employees move to a hybrid work model so we can collaborate, build mentoring relationships, and solve complex or cross-functional business opportunities together. Our teams work in whichever environment best supports what they're working on and who they're working with. We're actively reinventing our offices as welcoming workspaces that optimize collaboration and empower leaders to use our space to strengthen team dynamics. Our tools and processes seamlessly connect employees from multiple locations, and our culture encourages respectful engagement and flexibility. Leaders work with their teams to determine the right balance of on-site and remote work that best meets the needs of their team, cross-functional engagement, responsibilities and timelines, plus those of our customers, our broker partners, and the company culture.

What can you expect in this role?

Reporting to the Pricing Manager, your responsibilities include contributions to pricing projects using state of the art actuarial models and innovative approaches as well as the coaching and mentoring of less experienced analysts. Projects are varied and include development of rating structures and monitoring/reporting on overall rate adequacy. In this role, you will have exposure to rating and product development work in both personal auto and personal property lines, with valuable project leadership opportunities and career development potential.

  • Develop knowledge of actuarial operations and the insurance business, including predictive modeling, underwriting, claims handling, and product development
  • Develop and apply your experience with database and predictive modeling software to prepare and analyze data for profitability analysis and other diverse applications
  • Effectively manage timelines for independent projects and analysis
  • Communicate actuarial concepts and make recommendations to management both verbally and in writing with supporting documentation
  • Measure, track, and monitor company and industry performance
  • Respond to requests of internal and external stakeholders
  • Identify opportunities for process efficiencies across business areas
  • Perform peer reviews on the technical and qualitative analysis of peers

What do you bring to the role?

  • University degree
  • Must have completed a minimum of 6 exams of the Casualty Actuarial Society
  • Must have 4 to 7 years of relevant full time experience
  • Must have excellent communication and organizational skills
  • Must possess strong programming skills, including knowledge of SAS and efficient use of Microsoft applications (Excel, Access, VBA, etc.)

#LI-JG1

We also take potential into consideration. If you don’t have this exact experience, but you know you have what it takes, be sure to give us more insight through your application and cover letter.

Go ahead and expect a lot — you deserve it, and we’ve got it: 

  • Hybrid work schedule for most roles
  • Company share ownership program
  • Pension and savings programs, with company-matched RRSP contributions
  • Paid volunteer days and company matching on charitable donations
  • Educational resources, tuition assistance, and paid time off to study for exams
  • Focus on inclusion with employee groups, support for gender affirmation surgery, access to BIPOC counsellors, access to programs for working parents
  • Wellness and recognition programs
  • Discounts on products and services

Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know by contacting: [email protected]

Background checks
This role requires successful clearance of a background check (including criminal checks and leadership references).

#LI-Hybrid

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