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Senior Actuarial Analyst, Modelling, Personal Insurance

Job ID : 5868
Category : Personal Insurance
Brand : Definity
Regular/Temporary : Regular
Fulltime/Parttime : Full Time
Location : Waterloo, 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.

Location: Toronto, Waterloo, Montreal, or Vancouver - Hybrid 

As a Senior Actuarial Analyst reporting to a Manager on the Modelling & Pricing Analytics team, you will be responsible for developing advanced predictive models and supporting other analytics initiatives. Working closely with analytics colleagues, regional pricing teams and other business stakeholders. In this role, you will have exposure to both the theoretical and practical aspects of predictive modelling.

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

What can you expect in this role?

  • Develop predictive models for the personal insurance department to support our corporate objectives
  • Measure, track and monitor model performance to ensure continuous delivery of high value insights
  • Effectively plan and manage analytics projects, leading team members through technical work.
  • Support our various stakeholders in their use, understanding and implementation of our models
  • Act as a mentor and coach junior members of the team to grow talent
  • Translate insights derived from complex analysis into accessible take-aways for non-technical audiences
  • Drive innovation and process improvement to promote leading practices and efficiency across the organization

What do you bring to the role?

  • Bachelor’s Degree in Actuarial Science or a related quantitative field
  • Must have at least 3 to 5 years of relevant full-time experience
  • Actuarial exams or designation (an asset)
  • Deep understanding of machine learning techniques such as GLM, GAM, XGBoost, Neural Networks, k-NN and SVM, etc
  • Experience in end-to-end modelling projects starting with scoping, development, evaluation, and deployment
  • Proficiency in Python/R and SQL
  • Solid knowledge of P&C pricing concepts such as: classification changes, rate indication, pricing algorithms and how they interact with predictive models
  • Knowledge of Git for version control and collaboration (an asset)
  • Excellent communication and organizational skills
  • Ability to develop creative solutions to complex problems, both in a team and independently


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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