Actuarial Manager

4 weeks ago


Montréal, Canada TD Bank Full time

**TD Description**

Stay current and competitive. Carve out a career for yourself. Grow with us.

**Department Overview**

TD Insurance is part of TD Bank Group, one of Canada’s largest financial institutions. TD Insurance helps protect clients from the ‘accidents of life’ with a wide range of products including credit protection, life, health, travel, home and auto insurance. With more than three million clients, TD Insurance authorized products and services are available online, over the phone, and through a network of more than 1,000 TD Canada Trust branches.

In Canada, we have two lines of business, General Insurance and Life and Health. Our General Insurance business is one of the top home and auto insurance groups in Canada and the national leader in group insurance and affinity marketing. Our Life and Health business is the number one provider of critical illness insurance and direct life and health insurance in Canada.

At TD Insurance, we are committed to fostering an inclusive, accessible environment. With a Canada-wide workforce of over 4,000 employees and offices in Atlantic Canada, Quebec, Ontario and Alberta, our company is always growing and can help you to grow. TD Insurance offers a stable and dynamic work environment where talent is appreciated and professional development is taken seriously. More than just a job, we offer rewarding careers.

The Manager Pricing has to develop and obtain regulatory approvals and implement pricing strategies for all products and markets of TD Insurance - General Insurance in Canada. Another key responsibility is to build for the future by making sure to hire, retain and develop highly skilled professionals.

**Responsibilities**:

- Play a key role in establishing pricing objectives for each market and product as part of planning process.
- Develop price optimization strategies to attract and retain profitable customers, in order to accelerate profitable growth of TD Insurance
- Supervise analyses performed by team to forecast claims and competitive trends for the annual budget for each market and product
- Support the presentation of pricing objectives to various stakeholders and committees as part of the internal approval process.
- Support the development of strategies to accelerate profitable growth of TD Insurance and that will create a competitive advantage for TDI
- Develop price optimization strategies to attract and retain profitable customers, in order to accelerate profitable growth of TD Insurance
- Supervise initiatives to improve our customer segmentation in order to reach TD Insurance objectives, taking into consideration competitive and regulatory constraints
- Supervise development of models for evaluation and measurement of customers’ price elasticity and behaviors
- Prepare required documents by rating boards for pricing changes according to mandated standards
- Participate in the presentation of proposed changes to rating boards before review and answer questions from rating boards during the review
- Support negotiations with rating boards to obtain approvals in order to achieve planned profit and growth.
- Implement best practices, risk mitigation, risk controls as well as process, policy and procedures for the actuarial function. Ensure maintenance of controls, policies and procedures.
- Lead implementation of approved price change;
- Team is responsible to work with information technology and quality assurance teams for implementation of all approved price changes;
- Ensure appropriate measures are in place to secure pricing accuracy of all policies sold (compliance and reputational risks).
- Support communication of price changes;
- Client Service Center: Explain new strategy to regional management team and present to insurance advisors.
- Communication to clients: Support the client communication team in developing appropriate messaging to our clients following rate changes.
- Develop and maintain Risk Sharing Pools cession strategies;
- Build for the future
- Support recruiting strategy to hire best potential;
- Develop talent of highly skilled team members;
- Act as a coach and mentor for team members;
- Provide development opportunities internally and externally;
- Support the strategy of exporting actuaries in other departments.
- Responsible for managing a team of people
- Responsible for on-time delivery of projects;
- Provide constructive and timely feedback;
- Responsible for performance evaluation of all team members.

**Job Requirements**
- 7 years of experience in an Actuarial function (Property & Casualty)
- Associate of the Casualty Actuarial Society
- Previous leadership (with direct reports)
- Bachelor Degree in Actuarial Science
- Experience with Predictive Modeling is an asset
- Excellent Communication Skills
- Highly adaptable for having discussions with different stakeholders in terms of expertise, training and hierarchical position.
- Ability to work effectively during periods of stress and to make diff



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