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Risk Management Analyst

3 months ago


Mississauga, Ontario, Canada Unica Insurance Inc. Full time

Role Overview:

As a Risk Management Analyst, you will engage in comprehensive actuarial evaluations for commercial exposures. Your expertise will be pivotal in devising innovative solutions to complex business challenges through advanced statistical modeling and analytical acumen.

Key Responsibilities:

  • Conduct detailed actuarial assessments to address critical business issues such as retention, expansion, profitability, and market competitiveness.
  • Collaborate closely with underwriting teams to gather insights necessary for the development and adjustment of rating frameworks.
  • Offer technical guidance to non-actuarial personnel within the organization.
  • Effectively communicate and elucidate rate indications for various products and regions to audiences lacking technical backgrounds.
  • Facilitate and coordinate meetings with business units to track project progress and solicit feedback to accurately define business requirements and translate them into IT specifications.
  • Create and sustain monitoring reports to evaluate the effectiveness of newly implemented rating structures, making adjustments based on performance data and stakeholder feedback.
  • Prepare analytical reports for senior management and underwriting teams to oversee advancements in profitability and operational execution.

Essential Skills and Qualifications:

  • Exceptional communication and organizational abilities.
  • Proven capacity to influence and drive decision-making processes.
  • Strong programming proficiency, particularly in SAS/R, alongside adeptness in Microsoft Office applications (Excel, PowerPoint, etc.).
  • Proficiency in French (both spoken and written) is considered advantageous.
  • Ability to operate autonomously with minimal oversight.

Educational Background:

  • A degree in Actuarial Sciences from a recognized institution.
  • Completion of at least two CAS examinations.
  • A minimum of three years of experience in actuarial pricing, with a focus on Property & Casualty, particularly in Commercial pricing.

Company Commitment:

Unica Insurance Inc. is dedicated to fostering an inclusive workplace. We welcome applications from women, individuals with disabilities, Indigenous peoples, and visible and ethnic minorities.

Unica operates as a subsidiary of Beneva, a leading property and casualty insurer in Canada, delivering products exclusively through a network of professional insurance brokers.