Actuarial Analyst - Jobs in Winnipeg, MB

Job Description

COMPANY PROFILE: Red River Mutual is considered one of Insurance Business Canadas Top Insurance Workplaces of 2020!We are a progressive property & casualty 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 communitiesLOCATION: Altona, Winnipeg or Virtual in ManitobaSCHEDULE: Full-TimeREPORTS TO: VP Data and Analytics (or Actuarial Manager)DIRECT REPORTS: N/APURPOSE OF POSITION: The Actuarial Analyst will play a key role in supporting the organization’s pricing strategy as we develop our in-house actuarial expertise for the company. The successful candidate will participate actively in the updating of cutting-edge pricing techniques in a way that minimizes the adverse impact on customers, and spurs profitable growth while contributing to the development in management, financial and actuarial data, models, or tools.IS THIS ROLE FOR YOU

• You want to apply your expertise to support a growing organization
• 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 modeling 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; solicits 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.
• Actively working towards the ACAS/FCAS designation.
• 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.Job Type: Full-timeQuick Apply

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