Senior Actuarial Analyst

4 weeks ago


Canada ICPEI Full time


About ICPEI

Based in Charlottetown, the Insurance Company of Prince Edward Island (ICPEI) offers market-leading home, auto and commercial insurance solutions. Our products are sold exclusively through a network of brokers across all three Maritime Provinces, Quebec, Ontario and Western Canada. 


Your role

Reporting to the Manager, Actuarial Services, the Senior Actuarial Analyst is a key contributor in the pricing of our products, evaluating insurance liabilities, and supporting other projects related to data, reinsurance and capital. Opportunities to contribute to reserving, pricing and/or data projects will depend on the interests of the employee.


What you bring to the position

  • University degree in Actuarial, Mathematics, Statistics or other related fields
  • Completion of 4+ CAS or SOA actuarial exams
  • 3+ years of relevant P&C insurance experience
  • Advanced user of Microsoft Excel
  • Experience with SQL, Guidewire or Akur8 an asset
  • Deep understanding of insurance principles and actuarial pricing/reserving techniques
  • Strong oral and written communication skills, organization skills and problem-solving skills
  • Ability to form opinions and make recommendations to management 


What you will do

  • Contribute to reserving and pricing analyses in accordance with Canadian Accepted Actuarial Practice. Primary area of focus will depend on the interests of the employee
  • Prepare Quarter End insurance liability valuations
  • Complete Financial Statement notes and provide actuarial support in preparation of regulatory returns and other industry surveys
  • Provide support in preparation of provincial regulatory rate changes and other automobile filings
  • Develop commercial and specialty insurance pricing solutions
  • Prepare annual Finance Condition Testing (FCT) and other ad hoc capital management initiatives 
  • Provide internal actuarial support for audits, regulatory reviews and peer reviews
  • Provide actuarial support to reinsurance requests
  • Independently respond to routine and ad hoc requests related to actuarial valuation, pricing and data
  • Stay abreast of developments in actuarial and regulatory standards and requirements
  • Provide support and mentorship to Actuarial Analysts
  • Collaborate with the VP Operations East, Finance, Underwriting and Claims teams as needed


What we offer

  • Competitive compensation package
  • Comprehensive benefits
  • RRSP program with Company match
  • Training and professional development



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