Senior Actuarial Analyst, Reserving

Economical is part of Definity, which 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, Definity has 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.

Summary

Reporting to the Technical Consultant, Financial Reporting & Operations, you are responsible for the valuation and reporting of policy liabilities, reporting on claim trends and supporting other departments such as Pricing, Finance and Risk Management by providing input on claims experience and related financial trends.

What can you expect in this role?

• Compile and categorize data from spreadsheets, databases and statistical software for valuation and related analyses
• Communicate actuarial concepts and make recommendations to Management both verbally and in writing with supporting documentation
• Produce various data exhibits and analyses related to measuring, tracking and monitoring company and industry performance
• Independently respond to routine requests from internal and external stakeholders related to standard reports and processes
• Perform peer reviews on the technical and qualitative analysis of peers and junior staff

What do you bring to the role?

• University degree in any one of the following programs: Actuarial Sciences, Mathematics, Statistics
• Completion of 4-6 exams of the Casualty Actuarial Society
• 2-5 years of relevant experience, preferably in reserving
• 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

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).