Actuarial Analyst I
7 days ago
**COMPANY PROFILE**:
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’ll be honest with them, support them, offer a listening ear, admit when we’re wrong and be a positive force in their lives and in our communities.
**LOCATION**: Altona or Winnipeg
**SCHEDULE**: Full-Time, 12-Month Contract
**REPORTS TO**: Actuarial Pricing Manager
**DIRECT REPORTS**: N/A
***
**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**:
- Use advanced modeling techniques and actuarial analysis techniques to develop rate indications and segmentation models for all our lines of business.
- Perform pricing reviews for all lines of business; make quality recommendations and provide implementation support when required.
- Produce and analyze reports that monitor the evolving trends in the book of business and recommend rating and underwriting actions based on observations.
- Perform monitoring activities to assess the quality of our insurance portfolio, and track the rates, market share and insurance results of our competitors.
- Maintain, modify, and validate predictive statistical models; interpret the model results to leaders.
- Contribute to developing management, financial and actuarial data, models, or tools.
- Understand, build and improve the pricing algorithms for our products using modern modelling techniques.
- Maintain, develop, and validate actuarial reports to meet business needs.
- Support the business and overall team by providing general analytical support to the Actuarial function.
- Gather actuarial data and information to complete analysis as directed; solicit feedback on improvements to reporting and communications.
- Research, extract, and manipulate complex data from all relevant sources. Identify relationships, problems/issues, and assess data quality.
- Analyze the needs of business partners, researching multiple data sources and identifying actuarial requirements to design innovative solutions for complex challenges.
- Assist in communicating analysis insights and decisions to business leaders. Translates actuarial. analysis to understandable business metrics fit for audience.
- Propose quality solutions and provide implementation support when required.
- Take ownership of product structure, algorithms, pricing tables and rules in all systems.
**QUALIFICATION AND SKILLS**:
- Minimum education of a university degree in Actuarial Mathematics, Statistics, Mathematics or another related field of study;
- 1 + years of actuarial analysis experience.
- Completion of 3 or more actuarial exams would be considered an asset.
- Experience working with predictive analytic tools and techniques.
- 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.
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