Actuarial Pricing Specialist
1 week ago
Zurich Canada Technical Underwriting is seeking a Pricing Actuary to join our growing Business unit for Commercial auto. This role can be based in a Zurich, Canada office (including Toronto or Montreal).
The successful candidate will support the pricing of new and renewal business as well as the development of effective premium/rating structures and strategies in support of business objectives. In this role, you will also support directly the pricing process of the multiple products of commercial auto, with focus on review of pricing algorithm and implementation of the rating tools in production, and tracking the performance and accuracy of key pricing metrics.
Key Responsibilities
- A high level of responsibility, ownership, and ability to influence strategic decisions. This is a great opportunity to work directly with the business and leadership teams.
- Continuous improvement of the Commercial auto pricing algorithm. Set and communicate the pricing algorithm requirements for production systems.
- Monitor performance of the commercial auto book, and track accuracy and completeness of key performance indicators.
- The opportunity to work for a Global company where we often share and leverage insights on best practices with our global colleagues.
- Constantly evolve lines of business, with endless opportunities to add value through new insights and pricing techniques.
- Calculate profit margins on new and renewals of business.
- Coordinate, prepare, and perform actuarial analysis.
- Analyze loss and expense reserves.
- Provide consultation on actuarial models and risk issues.
- Support Market Facing and Technical Underwriters on pricing decisions.
- Ensure the implementation of required governance processes, maintaining compliance with organizational standards and regulatory requirements.
Requirements
Zurich Certified Insurance Apprentice, including Associates Degree
OR
Bachelor's Degree in Mathematics/Statistics or Actuarial Sciences.
AND
5 or more years of experience in the Actuarial area.
FCAS or equivalent international certification.
OR
Bachelor's Degree in Mathematics/Statistics or Actuarial Sciences and 10 or more years of experience in the Actuarial area.
ACAS or equivalent international certification.
Preferred Skills
FCAS designation.
Previous actuarial experience with Commercial Auto.
Experience with Microsoft Excel and/or knowledge of statistical analysis software (such as SQL and R).
Strong verbal and written communication skills.
Ability to explain technical analysis results to non-technical audiences.
Experience collaborating on cross-functional team projects.
About Us
Zurich Canada is part of the Zurich Insurance Group, a multi-line insurer with approximately 55,000 employees worldwide serving customers in global and local markets. We have been a leading insurance provider serving mid-sized and large companies, including multinational corporations, in the Canadian commercial market for 100 years. With over 500 employees in offices across the country, we offer the global strength of a top insurance provider combined with in-depth knowledge of industries and local markets. Our goal is to be risk management professionals' first choice as their premier partner to help meet the risk challenges of today and tomorrow.
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