Actuarial Services Manager

7 days ago


Toronto, Ontario, Canada Financial Services Regulatory Authority of Ontario Full time
Job Summary

We are seeking a highly skilled Actuarial Services Manager to join our team at the Financial Services Regulatory Authority of Ontario. As a key member of our Auto Actuarial Services Team, you will be responsible for managing the team's activities and ensuring alignment with our overall Auto Insurance Supervision objectives.

Key Responsibilities
  • Manage the Actuarial Services team to ensure consistency with overall Auto Insurance Supervision objectives and alignment with FSRA direction for regulating and supervising auto insurance industry rates, underwriting and products.
  • Support FSRA leadership in formulating strategy, developing tactics, and executing programs and services, while promoting innovation and continuous improvement.
  • Plan and manage Actuarial Services priorities, ensuring alignment with Auto Insurance Supervision performance measures, standards, and best practices.
  • Lead the costing analysis and benchmarking process for government-led auto insurance product reforms.
  • Support the Auto Insurance Supervision's strategy for reforming auto insurance rating and underwriting regulations.
  • Maintain and enhance the actuarial review process for rate filing applications.
  • Oversee the process, deliverables, and budget for external consultants and consulting contracts related to auto insurance supervision.
  • Manage and process the actuarial review of rate filing applications.
  • Oversee the review of predictive models used in auto insurance rate filings.
  • Collaborate with the management team on operational planning, performance metrics, and program effectiveness.
  • Build a robust actuarial team by overseeing hiring, orientation, training, coaching, performance standards, reviews, and management.
Qualifications
  • Degree in actuarial science.
  • Fellow of the Casualty Actuarial Society (FCAS) and Fellow of the Canadian Institute of Actuaries (FCIA).
  • 6 to 8 years of experience in planning, managing, and delivering actuarial services within a large organization, including significant experience in auto insurance pricing or related areas.
  • Auto Insurance Pricing experience strongly preferred.
What We Offer

We offer a competitive compensation package, a hybrid work model, and flexible work arrangements. We prioritize learning and development, wellbeing, diversity, equity, inclusion, and belonging, and community giving.

FSRA is committed to ensuring equity in employment and creating a diverse, inclusive workforce that reflects the communities we serve.



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