Actuarial Analyst

Overview

As the Actuarial Analyst (I or II, or Senior), you will be responsible for conducting analyses on rate setting, reserving, claims and revenue forecasting, stochastic modelling, reinsurance pricing and commutations and other actuarial analyses on an as needed basis. The Actuarial Analyst will also collaborate with staff from other areas such as Pricing, Reinsurance, Valuation, Underwriting, Capital Management, Enterprise Risk Management, Investments, Finance and Customer & Product Value to work on joint tasks and projects.

MPI is committed to growing actuarial talent at MPI. The Actuarial Analyst will have access to MPI’s Actuarial Development Program (ADP) which provides actuarial analysts with support and resources needed as they work towards attaining Fellowship. The position will also have the opportunity to rotate into other actuarial areas at MPI.

Responsibilities

- Acquire the underlying claims and policy data from the Corporation’s Enterprise Data Warehouse.
- Liaise with applicable departments and committees to acquire and develop business knowledge.
- Perform complex actuarial analyses using actuarial and/or statistical tools, techniques, and software.
- Conduct forecasting analyses on claims, premiums, and exposures for all lines of business.
- Create and maintain monthly executive reporting on claims, premiums and exposures for all three lines of business.
- Deliver data driven insights in a clear and concise way to all stakeholders.
- Communicate and illustrate the story that the data is telling the audience.
- Collaborate with staff from other areas such as Claims, Commercial Lines, Valuation, Pricing, Capital Management, Financial Planning & Analysis and Enterprise Risk Management to work on joint tasks and projects.

Qualifications

- Post-Secondary degree with an Actuarial Science, Mathematics, or Statistics Major.

Actuarial Analyst I:

- Successful completion of a minimum of two actuarial exams or modules as outlined in the ADP policy.
- Experience in an actuarial or mathematical environment is an asset.

Actuarial Analyst II:

- Successful completion of a minimum of three additional actuarial exams or modules as outlined in the ADP policy.
- Two years of experience in an actuarial environment.
- Experience in providing guidance and constructive feedback to peers.

Senior Actuarial Analyst:

- ACIA designation.
- Five years of experience in an actuarial environment.
- Experience in providing guidance, constructive feedback and mentorship to peers.
- Experience in presenting analysis and findings to leadership.
- Experience in an actuarial environment is an asset.
- Advanced Microsoft Excel and VBA skills.
- Working knowledge of PowerBI, R, SQL, and Python would be considered an asset.
- Strong broad-based analytical skills.
- Proven ability to communicate effectively (verbally and written with individuals at all levels).
- Well-developed interpersonal skills.
- Strong attention to detail.
- Strong ability to work independently and under pressure in a fast-paced environment.
- Excellent organizational and time management skills, including the ability to work with changing priorities and timelines.
- Ability to work with confidential and sensitive corporate information.

Conditions of Employment

- Commit to ongoing successful completion of actuarial exams and courses as required to remain in the ADP.

- Employees of the ADP are required to write one exam per year and shall not fail three consecutive exam attempts.

- Commit to pursue the Fellowship level –Fellow of Canadian Institute of Actuaries (FCIA) as per the ADP.

Employee Benefits

Health benefits

We offer a comprehensive health benefits program that includes:

- flexible health, dental and vision plans
- health spending account
- travel health coverage
- other extended health benefits such as ambulance, massage and physiotherapy

Financial security

In an effort to support financial security, we offer:

- registered pension plan
- group, dependent, and optional life insurance coverage
- critical illness insurance
- sick leave to cover short-term disability
- long-term disability

Wellness

We offer programs that focus on how to better achieve a balance between work and personal commitments, as well as maintain a healthy workplace culture. This includes:

- vacation entitlement
- flexible work arrangement for eligible positions
- maternity, parental and adoptive leaves
- bereavement and family responsibility leaves
- employee and family assistance program
- mental-health programming
- lunch-and-learn offerings
- discounted gym memberships and wellness account

Diversity and inclusion

Manitoba Public Insurance believes that diversity and inclusion strengthens us. We consider ourselves to be a barrier-free organization where individual values, beliefs and practices are respected and appreciated for the diversity they bring to our work life.

Employee recognition

It’s important to recognize our employees for their contributions. Not only do we recognize employees as they achieve milestone years in their careers, we also have several outlets for leaders and peers to reward each other for work well done.

Professional development

We want our employees to grow, which is why we offer support in keeping their skills up-to-date. We offer in-house training, professional development and an educational assistance program.

Safety and health

In an effort to encourage a safe and healthy work environment, we offer various safety, health and workplace policies and programs along with technical expertise and assistance to support employee activities in safety and health.

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