Actuarial Pricing Expert for Personal Insurance

6 days ago


Vancouver, British Columbia, Canada Definity Full time
Actuarial Pricing Specialist Job Description

At Definity, we're seeking an Actuarial Pricing Specialist to join our Personal Insurance Pricing Department. In this role, you'll apply your actuarial expertise to identify, develop, execute, and monitor pricing actions for our portfolios. You'll be responsible for conducting advanced actuarial analysis and providing technical guidance to your peers to drive sound pricing proposals and decisions.

Key Responsibilities
  • Design and enhance rate adequacy analysis based on actuarial principles.
  • Conduct deep dive analysis to understand and explain key drivers of performance.
  • Apply strong analytical and problem-solving skills to drive data-driven decision making.
  • Identify and implement process efficiencies across the team's operational work.
  • Provide technical review, coaching, and guidance to other team members.
  • Proactively manage timelines and deliverables.
  • Effectively communicate actuarial concepts and make pricing recommendations to management with supporting analysis and documentation.
  • Collaborate with cross-functional teams and leadership stakeholders to gain alignment in key assumptions and understand business stories underlying each portfolio.
Requirements
  • Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field.
  • Completed a minimum of 6 exams of the Casualty Actuarial Society or equivalent credentials.
  • At least 4 years of actuarial pricing experience in the insurance industry.
  • Excellent analytical and problem-solving skills.
  • Solid knowledge of insurance products, pricing methodologies, and industry best practices.
  • Ability to work independently and collaborate with cross-functional teams.
  • Results-driven mindset with a focus on driving business performance.
  • Proficiency in actuarial software and programming languages (Excel, VBA, SQL, etc.).
  • Strong communication and presentation abilities to convey complex concepts effectively.
What's in it for you?
  • 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 counselors, access to programs for working parents.
  • Wellness and recognition programs.
  • Discounts on products and services.


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