Overview

Actuarial Analyst III – Pricing Jobs in Toronto, Canada at Meloche Monnex Inc.

Description

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DEPARTMENT OVERVIEW

The GI Pricing and Profitability team is expanding, and many new positions are now available! Our team is crucial in maintaining the company’s financial health and competitive edge. By leveraging data analysis, actuarial science, and market research, we ensure profitability while offering fair and attractive rates that comply with provincial regulations. This growth offers incredible opportunities for career advancement, exposure to diverse projects, and the chance to be part of a transformative journey.

POSITION OVERVIEW

Multiple Senior Actuarial Analyst positions are available within the GI Pricing and Profitability team. As a Senior Analyst, you will focus on implementing pricing strategies and coaching junior actuaries to achieve business objectives. Reporting to the Actuarial Manager, the Senior Analyst is expected to demonstrate subject matter expertise, work autonomously, and play a key part in executing the team’s strategic direction

RESPONSIBILITIES

1. Regional Auto (ON, QC) or Residential Pricing

  • Review and update of pricing algorithm to support business objectives toward profitability and growth
  • Generate ideas in the development of strategies to accelerate profitable growth and execute on their implementation
  • Submit filing documentation and support to regulatory bodies where required

    • 2. Pricing Optimization

  • Implement pricing optimization strategies across personal lines
  • Build and apply models and optimization techniques to recommend premium adjustments
  • Track and report on the performance of deployed strategies, identifying areas for improvement

    • 3. Risk Sharing Pool (RSP) Strategy and Performance

  • Assist in centralizing and optimizing RSP cession strategy at a national level
  • Support the achievement of financial objectives for each pool
  • Analyze cession results and pool performance, providing recommendations for optimal outcomes

    • 4. Affinity Market Group (AMG)

  • Continuously review and update group discounts to support affinity-related pricing and business objectives
  • Monitor affinity group profitability to inform pricing decisions
  • Review and update profit-sharing strategies to support AMG regulatory and contractual requirements

    • 5. Initiatives & Governance

  • Support internal product and pricing initiatives from the initial business case to rate filings
  • Support the development and adherence to pricing controls, ensuring proper governance

    • 6. FSRA Accreditation

  • Support cross functional project aimed at further developing and maintaining proper governance in line with FSRA’s expectation for upcoming accreditation process
  • Contribute to the development of our Bias and Fairness pillar to ensure our pricing strategies reflect these principles

    • 7. Usage Based Insurance (UBI) Pricing

  • Support monitoring of UBI driving patterns and competitive trends
  • Contribute to the continuous improvement of the UBI pricing strategy

    • JOB REQUIREMENTS

  • University degree in Actuarial Science or related field

  • Proficiency and interest for programming, notably with SQL and R

  • Autonomous and resilient; shows initiative and creativity in their work

    • PREFERRED QUALIFICATIONS

  • Prior experience with predictive modeling

  • Who We Are:

    As part of TD Bank Group, one of Canada’s largest financial institutions, at TD Insurance, we care for Canadian families, making it easy to get the best advice, protection, and support in their moments of need, always.

    TD Insurance offers a wide range of products, including General Insurance and Life and Health. Everyday, we strive to make every interaction, product and experience remarkably human and refreshingly simple for more than four million customers who count on us.

    Our Total Rewards Package
    Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career…

    Title: Actuarial Analyst III – Pricing

    Company: Meloche Monnex Inc.

    Location: Toronto, Canada

    Category:

     

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