Pricing Actuary
1 week ago
We are seeking a skilled Pricing Actuary to join our team at HSB Canada. In this role, you will play a critical part in developing and implementing pricing strategies that drive profitable growth for our Commercial and Personal Specialty lines.
Job DescriptionThe successful candidate will conduct qualitative and quantitative data analysis to inform pricing decisions, develop actuarial models, and provide pricing support for new and existing products. You will work closely with our Corporate Underwriting Team to identify trends, develop rating structures, and monitor rate adequacy.
Responsibilities- Lead the development of pricing tools and reports to monitor product performance
- Conduct indication analysis to ensure rate adequacy of pricing components and rating methodology
- Design, test, and maintain pricing models, including predictive analytics and statistical analysis of loss and premium trends
- Manage Profit Margins on new and renewal business and assist in the monitoring of product performance
- Develop and present trend analysis, rate monitoring, and ad hoc requests from senior management
To be successful in this role, you will need:
- A University Degree in a quantitative field: Actuarial Science, Mathematics, Statistics
- 5-7 years of P&C actuarial work experience, Commercial or Personal Lines
- Completion of at least 2 actuarial CAS/ SOA exams
- Proven experience in advanced programming and data mining using Power BI, Excel, VBA, and SQL
- Strong presentation skills to communicate technical concepts to internal and external stakeholders
As a Pricing Actuary at HSB Canada, you can expect:
- A competitive salary range of $120,000 - $150,000 per year, depending on experience
- A dynamic and collaborative work environment
- Opportunities for professional growth and development
- A comprehensive benefits package
HSB Canada is a leading specialty insurance provider, driven by technology and fueled by innovation. We offer 150 years of technical and service excellence, and we are committed to delivering exceptional results for our clients. Join us and be part of a team that is shaping the future of insurance and risk solutions.
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