Wawanesa - Manager, Actuarial Pricing (Alberta Auto)
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Job Overview
This role is a critical driver of both profitability and growth in a key product segment for Wawanesa by driving increasingly sophisticated pricing plans, advanced analytics, and insights. Fast paced, with data driven curiosity, this role is a key contributor to advancing pricing sophistication. Business understanding and knowledge of the changing regulatory environment, along with actuarial expertise, will drive you to lead key pricing initiatives that collaborate with functions ranging from product design and business development to claims and advanced analytics, all to achieve strategic goals.
Job Responsibilities
Develop and maintain rating structures and rates, inclusive of soliciting input from multiple areas of the company.
Provide oversight of actuarial analysis of insurance rates, rating procedures and rating plans.
Prepare necessary regulatory filings, ensuring the actuarial practices are consistent with accepted actuarial practice and correctly applied.
Assist with the implementation of approved refinements to current risk classification systems (rating plans), pricing models and ratemaking methodologies as appropriate to meet the organizational objectives.
Work with multiple areas of the company to identify profitable markets and design appropriate products.
Remain up to date on current accepted methodologies and new emerging methodologies in insurance pricing.
Ensure procedures are in place to collect the relevant data necessary for the pricing process and verify its availability, completeness and accuracy.
Monitor the company’s insurance portfolio relating to changes in mix of business, retentions, current/prospective profitability etc. and report to management as necessary.
Maintain statistical databases necessary for product pricing and product development.
Ensure required regulatory reporting for pricing activity is carried out.
Manage performance of direct reports inclusive of providing professional and technical guidance, and provide regular performance reviews.
Play an active role in the interpretation of data and statistical studies in the pricing area.
Develop and maintain appropriate relationships with regulators and professional associations.
Perform other duties as assigned, handling special projects as assigned by Vice President, Actuarial Pricing.
Qualifications
Undergraduate university degree in Actuarial Mathematics, Statistics, Mathematics or other related field of study.
Fellow of the Casualty Actuarial Society an asset.
Extensive knowledge of current insurance pricing techniques.
Extensive knowledge of the Property Casualty insurance industry and insurance operations in general.
Excellent communication skills both written and verbal.
Excellent analytical and problem solving skills with the ability to understand context and its impact on all issues
Identifies when something needs to be done and initiates action as required.
Adapts to change effectively.
Develops and implements comprehensive plans that bridge complex issues and span across time.
Strong leadership skills with the ability to develop and communicate a vision.
Wawanesa is proud to be one of Manitoba’s Top Employers, a Kincentric Best Employer in Canada and a Forbes Best Employer in Canada recognizing an exceptional place to work!
Diversity Equity, Inclusion & Belonging
At Wawanesa, we are committed to Diversity, Equity, Inclusion and Belonging (DEIB) and believe that our strength lies in the diversity of our people – this is supported by having a representative workforce.
We welcome applications from all qualified candidates, including racialized persons, women, Indigenous Peoples, persons with disabilities, members of the 2SLGBTQIA+ community, gender-diverse and neurodiverse individuals, and anyone who can contribute to the further diversification of thought and ideas.
We aim to ensure our recruitment process is accessible to all candidates. If you require accommodations during any stage of the recruitment process, please reach out in confidence to jobs@wawanesa.com.