Actuarial Analyst, Ratemaking

Posted 20 Hours Ago
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West Toronto, ON
Junior
Fintech • Payments • Financial Services
The Role
As an Actuarial Analyst on the Ontario Auto Ratemaking Team, you will develop pricing strategies, build and improve pricing algorithms, carry out actuarial analyses, produce reports on business trends, and apply machine learning techniques. You will collaborate with talented actuaries to innovate in the insurance industry while ensuring profitability and compliance with regulations.
Summary Generated by Built In

Do you have good analytical skills? Is there no limit to your curiosity when it comes to innovation? Come innovate and change the world of insurance with us! A world in constant change. Be part of the journey! The Ontario Auto Ratemaking Team is looking for a candidate to join it as an Actuarial Analyst. This team is responsible for designing rating algorithms for this market and ensuring its profitability. Are you interested in working with a group of talented actuaries in an environment that fosters growth and development? Then you may be the one we are looking for! More specifically, you will be required to:

  • Contribute to developing an optimal pricing strategy based on claim cost models, behavioural models and competitive intelligence 

  • Support the implementation of cutting-edge pricing techniques in an evolving and uncertain regulatory environment in a way that minimizes the adverse impact on Desjardins’ members and clients, and spurs profitable growth 

  • Understand, help to build and improve the pricing algorithms for our property or auto products using modern modeling techniques (GLM, GBM, etc.) 

  • Carry out 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 book of business and recommend rating and underwriting actions based on observations 

  • Perform ad-hoc quick or deep-dive analyses using the latest machine learning techniques (decision trees, clustering etc.) 

  • Contribute to improving the RSP cession strategy 

  • Contribute to completion and submission of regulatory rate filings 

What we offer*

  • Competitive salary and annual bonus

  • 4 weeks of flexible vacation starting in the first year

  • Defined benefit pension plan that provides predictable, stable income throughout retirement

  • Group insurance including telemedicine

  • Reimbursement of health and wellness expenses and telework equipment

Benefits apply based on eligibility criteria.

What you bring to the table

  • Bachelor degree in Actuarial Science, Mathematics, Statistics or a related field

  • A minimum of two years of relevant experience

  • Please note that other combinations of qualifications and relevant experience may be considered

  • Knowledge of French is required for positions in Quebec

  • Advanced proficiency of English due to the nature of the duties or work tools or because the position involves interactions with English-speaking partners, members and/or clients

  • Knowledge of the P&C insurance market and completion of some actuarial exams 

  • Microsoft Office Suite, SAS, VBA, R 

Action oriented, Business insight, Complexity, Customer Focus, Differences, Nimble learning

#LI-Hybrid

Trade Union (If applicable)

At Desjardins, we believe in equity, diversity and inclusion. We're committed to welcoming, respecting and valuing people for who they are as individuals, learning from their differences, embracing their uniqueness, and providing a positive workplace for all. At Desjardins, we have zero tolerance for discrimination of any kind. We believe our teams should reflect the diversity of the members, clients and communities we serve.

If there's something we can do to help make the recruitment process or the job you're applying for more accessible, let us know. We can provide accommodations at any stage in the recruitment process. Just ask!

Job Family

Actuarial Services (FG)

Unposting Date

2025-01-6

Top Skills

R
SAS
VBA
The Company
Calgary, AB
40,858 Employees
On-site Workplace

What We Do

Desjardins Group is the largest cooperative financial group in North America and the fifth largest cooperative financial group in the world, with assets of $435.8 billion as at March 31, 2024. It was named one of Canada's Best Employers by Forbes magazine and by Mediacorp. To meet the diverse needs of its members and clients, Desjardins offers a full range of products and services to individuals and businesses through its extensive distribution network, online platforms and subsidiaries across Canada. Ranked among the world's strongest banks according to The Banker magazine, Desjardins has some of the highest capital ratios and credit ratings in the industry and the first according to Bloomberg News

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