Actuarial Analyst Iii

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**LOCATION**: Altona or Winnipeg

**SCHEDULE**: Full-Time

**REPORTS TO**: Manager, Analytics

**DIRECT REPORTS**: N/A

**COMPANY PROFILE**:

- Red River Mutual is considered one of Insurance Business Canada's Top Insurance Workplaces of 2021_
- Red River Mutual is a progressive insurance company with a focus on our customers and employees. We believe everyone has a right to feel safe and protected, and to know that someone is looking out for them. So, we treat our employees like family members - we will be honest with them, support them, offer a listening ear, admit when we are wrong and be a positive force in their lives and in our communities.

**PURPOSE OF POSITION**:
**IS THIS ROLE FOR YOU?**
- You like challenging the status quo in actuarial pricing and analytics
- You enjoy working with a small tight-knit actuarial team
- You want to play a key part in developing the actuarial support for Red River Mutual

**KEY RESPONSIBILITY AREAS**:

- With a focus on the commercial line of business, design and develop product ratemaking, including rate change methodology in accordance with industry best practice.
- Develop predictive models that are useful in rate and price modelling, periodic claim, and revenue forecasts.
- Develop metrics to access and monitor the health portfolios of all company's products and ensure that such metrics are updated from time to time.
- Maintain and update, when necessary, all pricing and ratemaking models for all line of business.
- Using trend and insight analysis, monitor the performance of all line of business in terms of rate competitiveness in the market.
- Using advanced modeling techniques and actuarial analysis techniques to develop rate indications and segmentation models for all our lines of business.
- Perform periodic rate and pricing reviews for all lines of business; provide quality recommendations and implementation strategy.
- By focusing on both historical and external data, perform advanced actuarial analyses to uncover patterns, trends, insight, etc., which can be used for product improvement and development.
- Provide actuarial supports by collaborating with other stakeholders when new products are developed.
- Conduct regular reviews to ascertain the quality of pricing, rate, and monitor the market penetration of the company's products to ensure market competitiveness.

**QUALIFICATION AND SKILLS**:

- Minimum education of a university degree in Actuarial Mathematics, Statistics, Mathematics, or another related field of study.
- Minimum 5 years of actuarial analysis experience in the insurance environment, preferably in the commercial line of business.
- Actively pursing ACAS or FCAS designation
- Completion of a minimum of six casualty actuarial exams.
- Experience working with predictive analytic tools and techniques. Experience in data analytics and building predictive models is preferred.
- Experience in Python and R would be considered an asset.
- Excellent written and oral communication and interpersonal skills in business and user-friendly language.
- Process driven with ability to document, maintain and adhere to standards, procedures, and processes.
- Adaptable and flexible to changing business needs and priorities.
- Exceptional planning, organization, and prioritization skills.
- Highly motivated work ethic and able to be self-directed to complete tasks.
- High attention to detail and quality standards.
- We thank all applicants for their interest; however only those selected for an interview will be contacted._
- 1-800-370-2888 (toll free).