Actuarial Analyst

Do you value integrity and innovation? How about passion and caring? Great Us too, and that's why you'll fit right in. Our intentional culture promotes trust and participation, encouraging you to bring your heart and mind to work every day.

Out-of-Scope

Work Location - This role is eligible for hybrid or remote work. The position can be located in Regina, Saskatoon, Winnipeg, Toronto, Edmonton and Calgary.

Key Accountabilities

Note: This section is not intended to be an exhaustive list of duties and responsibilities - other duties and responsibilities may be assigned.

Pricing & Ratemaking- Uses actuarial modeling tools and techniques to develop and maintain rating models, continually optimizing the rating structure.- Performs regular rate indications to set expectations for future losses and premium required to maintain desired financial performance.- Assesses profitability of different product segments with a view to optimizing rating structures.- Develops and maintains quarterly Canada-wide rate comparisons.- Provides input on the structure and pricing of new rating classes or changes to classes and coverages.- Assesses and qualifies the impact that changes to the coverages have on performance and the Saskatchewan Auto Fund (SAF).- Collaborates with relevant stakeholders at all levels of the organization, including making and presenting recommendations to a variety of technical and non-technical audiences.- Effectively communicates the issues to promote understanding and provide appropriate interpretation and context to the specific audiences.- Enhances insurance pricing model and assesses model assumptions.- Contribute to completion and submission of regulatory rate filings

Modelling & Analytics- Uses statistical and predictive modelling techniques to provide insight on varied projects across all parts of the businesses, and to respond to government and media requests. This includes working with complex data from multiple sources.- Understand, build and improve the pricing algorithms for products using modern modeling techniques (GLM, GBM, etc.)- Leverages analytics and technology to support recommendations for improving processes, product design and underwriting rules.- Conduct detailed actuarial analyses by analyzing data (indications, filings, competitive analysis), make appropriate assumptions, communicate results to the stakeholders (management, stakeholders, other teams) and make recommendations in a fast-paced environment- Produce and analyze reports that monitor the evolving trends in the Saskatchewan Auto Fund (SAF) and recommend rating and underwriting actions based on observations- Makes recommendations on data collection tools, software and business processes to maximize insights and efficiency of the pricing function

Leadership- Actively contributes to and supports a culture of a high performing workforce.- Participates in divisional succession plans, ensuring ongoing professional and career development and supports development in others.- Supports a culture of leadership and accountability to effectively deliver on strategic and corporate strategies.- Is actively committed to leadership development across the company, supporting team and workforce readiness through mentoring, training and developmental opportunities.

Corporate Management- Enables the success of programs and policies that are in alignment with corporate, strategic and divisional strategies.- Manages risk in area of authority.- Ensures that the Health, Safety and Emergency Management Policy is applied in area of responsibility.

Education and Experience- A four-year degree from an accredited post-secondary education institution in Actuarial Science or a relevant field of study such as Business or Mathematics & Applied Science- Successful completion of at least 2 exams sponsored by the Casualty Actuarial Society or equivalent university accreditation and working towards a Fellow of the Canadian Institute of Actuaries (FCIA) and/or Fellow of the Casualty Actuarial Society (FCAS) designation.- Dedication to complete exams sponsored by the Casualty Actuarial Society is preferred.

Knowledge, Skills and Abilities- Knowledge of actuarial methods, modelling, statistics and assumptions used in ratemaking and reserving.- Knowledge of database structures and logic and use of data science and statistical tools such as SAS, R or Python.- Skilled quantitative & qualitative analytical capabilities, including critical thinking with strong attention to detail.- Ability to present results of analysis to a non-technical audience at all levels of the organization, including executive level.- Knowledge of regulatory filing requirements and regulatory compliance.- Knowledge of the insurance industry and insurance product features.

Behavioural Competencies

Leader Level 3 - Applies (Team/Dept)- Accountability - Provides Direction and Sets Expectations- Business Acumen - Applies Broader Business Metrics and Understands the Internal and Ex