Actuarial Pricing Specialist, Personal Insurance

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.

Definity offers a flexible, hybrid work experience where employees work from the office and virtually depending on the type of work they are doing and who they are working with. Leaders partner with their teams to find the right balance of on-site and remote work that best meets the needs of their teams, colleagues, brokers and customers, while ensuring collaboration, teamwork and accountability for goals.

We are seeking an Actuarial Pricing Technical Specialist to join our Personal Insurance Pricing Department at Definity. In this role, you will apply your actuarial expertise and business acumen to support the identification, development, execution, and monitoring of pricing actions for our portfolios. You will play a critical role in conducting advanced actuarial analysis and providing technical guidance to your peers to drive sound pricing proposals and decisions. 

What can you expect in this role? 

• Design and enhance actuarial framework and models to support pricing initiatives 
• Conduct deep dive analysis to understand and explain the dynamics underlying different sources of information, identifying key trend and drivers 
• Monitor and evaluate pricing performance, profitability, and competitiveness using latest data 
• Identify and implement process efficiencies across the team’s operational works  
• Provide technical review and guidance to other team members 
• Proactively manage timelines and deliverables  
• Effectively communicate actuarial concepts and make pricing recommendations to management with supporting analysis and documentations 
• Cross-team and cross-department collaboration to align pricing proposals with corporate objectives and priorities 

What do you bring to the role? 

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field 
• Completed a minimum of 6 exams of the Casualty Actuarial Society or equivalent credentials 
• At least 4 years of actuarial pricing experience in the insurance industry 
• Experience in leading large projects and coaching team members
• Excellent analytical and problem-solving skills 
• Solid knowledge of insurance products, pricing methodologies, and industry best practices 
• Ability to work independently and collaborate with cross-functional teams 
• Results-driven mindset with a focus on driving business performance 
• Proficiency in actuarial software and programming languages (Excel, VBA, SQL, etc.) 
• Strong communication and presentation abilities to convey complex concepts effectively 

Salary range is $75,700 - $152,300

Actual salary for the role may vary depending on work location of the successful candidate and other factors including but not limited to, skills, education, experience, working conditions and the local labour market.  In addition to base pay, eligible employees may participate various incentive plans which are paid out at the discretion of the company and subject to individual and company performance.

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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).

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