Actuarial Analyst - Jobs in Toronto

Job Description

Reporting to: Actuarial Manager, PricingDepartment: ActuarialLocation:Remote / 2235 Sheppard Avenue E / 777 Bay Street Status: Full Time PermanentPosting Date: August 8, 2023Closing Date: September 8, 2023 ABOUT FACILITY ASSOCIATIONFacility Association ensures the availability of automobile insurance to owners, lessees and licensed drivers of motor vehicles who are eligible. We are an unincorporated non-profit association of insurers. FA operates in Ontario, Alberta, Newfoundland and Labrador, New Brunswick, Nova Scotia, Prince Edward Island, Yukon, Nunavut, and Northwest Territories. Every insurer licensed to write automobile liability insurance in these jurisdictions is a member of Facility Association. The affairs and business of FA is managed and controlled by a Board of Directors with authority Canada-wide. The President and CEO is responsible for the day-to-day operations of the organization and management of staff. Additional information in relation to Facility Association is available on its website: https://www.facilityassociation.com/ABOUT THE ROLE:The FA actuarial team offers the opportunities to work collaboratively in its areas of valuation, pricing and data analytics, and within our organization’s Claims, Underwriting and Finance departments, as well as our external stakeholders and member companies. This specific role is focused on pricing, with future opportunities for rotation in different teams within the actuarial department, including opportunities to work on cross-functional projects.DUTIES AND RESPONSIBILITIES:

• Contribute to analyses using actuarial data, (product pricing, reserve valuation, industry loss trends, financial projections, etc.), disclose relevant assumptions, observations and conclusions to the appropriate stakeholders within the established timeline.
• Maintain and improve actuarial databases and queries. Identify data issues and propose actions to correct them.
• Leverage experience to build, improve and enhance tools used in the actuarial processes.
• Create and update reports and exhibits on key business metrics to support decision-making, management reporting and communications with internal and external stakeholders.
• Prepare rate filings for Canadian insurance regulators and respond to regulatory inquiries.
• Support product and pricing change implementation.
• Maintain documentation and risk controls throughout the actuarial processes.

EXPERIENCE AND QUALIFICATIONS:As an actuarial analyst, you demonstrate:

• University or college degree in actuarial science, mathematics, statistics or a related field.
• 1+ years of experience in Propertyamp; Casualty insurance (preferably Canadian) related to pricing, rate filing, reserving, valuation, capital modeling and/or data science.
• Strong knowledge of Microsoft Office software (Excel, Access, Word, PowerPoint).
• Knowledge of at least one programming language (SQL, SAS, VBA, Python, R, etc.).
• Strong analytical and problem-solving skills.
• Strong verbal/written communication skills.
• Ability to work independently and with a team to contribute to the successful delivery of time-sensitive projects.
• Detail and deadline oriented.
• Progress towards an actuarial designation is an asset.
• Experience using GISA/IBC data and exhibits (i.e. Canadian automobile insurance industry statistical data) is an asset.
• Knowledge of Canadian automobile insurance rate regulations and filing guidelines is an asset.

Facility Association is committed to providing accommodation for people with disabilities. Applicants need to make their needs known in advance.FA is proud to be an equal opportunity employer. Alongside a commitment to excellence, FA is also committed to building a diverse working environment with hiring practices that encourage diversity in all its forms, including race, gender, sexual orientation, religion and ethnicity, among others. Please be advised that only those applicants who are selected for interviews will be contacted.