Actuarial Analyst

**Actuarial Analyst**
- Internal Title: Actuarial Analyst
- Location: Calgary
- Department: Underwriting & Product Development
- Reports to: Manager, Underwriting & Product Development

**Are you looking for a great place to build a career?**
- MMI Insurance is an ambitious, growing company looking for people with the desire, ability, and experience to provide excellent customer service and product knowledge to our clients.
- We want people to excel as part of a team with a diversity of skills, talents and backgrounds.

**What Does MMI Offer?**
- Competitive salary
- An annual Bonus program
- A group benefits package fully paid for by MMI Insurance
- A group RSP with company providing matching contributions
- Training and career development opportunities
- Work life balance, with a 35-hour work week
- A hybrid work environment for many positions
- Competitive Vacation and Holiday benefits
- Paid Sick time and Personal Days benefits
- Recognition program for employees

**Job Summary**
- This is a full-time, permanent position, with salary compensation. We are planning to fill 1 position in Calgary.
- MMI Insurance is seeking a dynamic and motivated Actuarial Analyst to join our underwriting team. The Actuarial Analyst is responsible for supporting the development, monitoring, and enhancement of actuarial pricing models and analytical tools, with a primary focus on personal property insurance. This role supports strategic and operational objectives by enabling more timely, accurate, and data-driven pricing decisions. The analyst will also assist in monitoring performance and trends within the personal property book of business and contributing to portfolio-level insights. The analyst will work cross-functionally with Underwriting, Claims, and Business Development teams.

**Responsibilities**:

- Support the design, implementation, and refinement of personal property pricing models (e.g., homeowners, tenants, condominiums, mobile homes).
- Contribute to risk-based pricing initiatives by incorporating predictive and behavioral indicators into rating algorithms.
- Assist in developing and enhancing models related to regional perils, including hail loss modeling relevant to Alberta exposures.
- Perform monthly monitoring of the personal property portfolio, identifying shifts in performance, trends in key metrics, and areas requiring investigation.
- Assist in producing insights related to the composition of the book of business, retention and churn dynamics, and new business trends.
- Collaborate on the development of risk scoring frameworks to better segment and assess insurance risk.
- Analyze claims, exposure, and premium data to inform pricing assumptions, identify emerging trends, and support strategic business decisions.
- Conduct IBNR (Incurred but Not Reported) reserve calculations to support claims reserving and financial reporting.
- Contribute to ongoing efforts to improve underwriting, renewal and claims audit processes, particularly where data-driven insights can add value.
- Other projects as assigned

**Knowledge, Skills and Experience**
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
- Recent graduate to 2 years of experience in insurance pricing or actuarial science.
- Completion of at least 2 SOA/CAS exams.
- Experience or coursework in data analysis using R, showing strong analytical skills with proficiency in data analysis tools such as Excel, R, SQL or Python.
- Excellent communication skills and ability to work collaboratively within a team.
- Detail-oriented with a strong commitment to accuracy and precision.
- Able to maintain the confidentiality of policyholders, business, staff, and management information. Respects and adheres to the privacy rules.
- On-the-job training provided. Familiarity with the Basic Ratemaking concepts considered an asset.

**Working Conditions or Special Circumstances**
- The work schedule is Monday-Friday, 7 hours per day, with a one-hour unpaid lunch. However, at times the position may require working odd or long hours at a time to complete special requests or projects, with the Manager’s approval.
- Work interruption can be frequent in meeting the needs of clients and fellow team members.
- Physical requirements:

- Computer use for up to 7 hours per day.
- Sitting for up to 7 hours per day
- Own transportation required.
- A hybrid work model may be possible with this position.

**Job Types**: Full-time, Permanent

**Benefits**:

- Casual dress
- Company events
- Dental care
- Disability insurance
- Extended health care
- Life insurance
- On-site parking
- Paid time off
- RRSP match
- Tuition reimbursement
- Vision care
- Work from home

Application question(s):

- How many SOA / CAS exams have you completed successfully?

**Education**:

- Bachelor's Degree (required)

**Experience**:

- insurance pricing or actuarial science: 1 year (preferred)

Work Location: Hybrid remote in Calgary, AB T1Y 6J7