Co-operators

Actuarial Consultant - Farm and IRCA Pricing

Co-operators$83K — $133K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Post-secondary degree in Mathematics, Actuarial Science or related discipline
  • Minimum 5 years of experience in property and casualty actuarial field
  • Advanced knowledge of modeling software and programming languages (SQL, SAS, R, Python)
  • Strong understanding of P&C insurance products and actuarial best practices
  • ACAS/FCAS or ACIA/FCIA designations are an asset
  • Experience with Earnix is advantageous

Responsibilities

  • Lead pricing initiatives and collaborate with business partners to meet their needs
  • Develop rate change projects and advanced analytical models aligned with corporate strategies
  • Prepare rate filings and negotiate with regulators
  • Analyze business partner needs to identify innovative solutions for complex challenges
  • Coach and mentor team members, fostering a collaborative environment
  • Lead medium to large sized projects, promoting team involvement and increasing efficiency

Benefits

  • Training and development opportunities for career growth
  • Flexible work options and paid time off
  • Holistic focus on employee well-being including mental and physical health programs
  • Paid volunteer days to support community involvement
  • Comprehensive total rewards package including retirement savings plans, health and wellness benefits
Full Job Description
Company: CGIC
Department: Commercial and Farm
Employment Type: Regular Full-Time
Work Model: Hybrid
Language: English is required, French is an asset.
Additional Information: This/these role(s) is/are currently vacant

The Opportunity:

As an Actuarial Consultant, in Farm and IRCA pricing, you will lead pricing initiatives and collaborate with business partners to understand their needs. You will lead complex projects to deliver unique solutions to ensure the profitability of our Farm and IRCA pricing portfolio.

How you will create impact:

  • Developing rate change projects (rate level or segmentation) and various advanced analytical models aligned with corporate strategies.
  • Preparing of rate filings and negotiating with regulators to support proposed changes.
  • Working efficiently with advanced modeling softwares, various data sources and programming languages to contribute to strategic objectives.
  • Analyzing the needs of business partners to identify innovative solutions for complex challenges and clearly articulating actuarial concepts to key stakeholders.
  • Coaching and mentoring team members to facilitate their development and fostering a team environment focused on collaboration and innovation.
  • Leading and executing medium to large sized projects by defining a project plan, promoting team involvement and increasing efficiency as a team.


To join our team:

  • You have completed a post-secondary degree in Mathematics, Actuarial Science or a related discipline.
  • You have a minimum of 5 years of relevant experience in the property and casualty actuarial field.
  • You have advanced knowledge of modeling softwares and programming languages (SQL, SAS, R and/or Python).
  • You have strong knowledge of P&C insurance products, emerging trends and best practices in the actuarial landscape.
  • Having or working towards the ACAS/FCAS or ACIA/FCIA designation(s) is an asset.
  • Having experience with Earnix is an asset.
  • This position primarily works with majority non-francophone groups, and teams located outside of Québec, and requires proficiency in English. The essential non-French duties are not assignable to adjacent or other team members.


How you will succeed:

  • You have an innovative mindset to improve operational efficiencies and ability to influence change, with a primary focus on client needs.
  • You use critical thinking skills to recognize assumptions, evaluate arguments, draw conclusions and proactively propose solutions.
  • You have strong communication skills to clearly convey messages and explore diverse points of view.
  • You build trusting relationships and provide guidance to support the development of colleagues.


What you need to know:

  • You will be subject to a Background check as a condition of employment, in the event you are the successful candidate.


What's in it for you?

  • Training and development opportunities to grow your career.
  • Flexible work options and paid time off to support your personal and family needs.
  • A holistic approach to your well-being, with physical and mental health programs and a supportive workplace culture.
  • Paid volunteer days to give back to your community.
  • In addition to our competitive salary and incentive programs, eligible employees also benefit from a comprehensive total rewards package including group retirement savings plans, pension and benefits (e.g., health and wellness, dental, disability and life coverage), mental health support and an employee assistance program.


Expected salary range$83,774 - $133,700.

The salary amount for the successful candidate is determined by Co-operators in its discretion and will vary depending on several criteria including but not limited to: local market conditions, geography and relevant job-related factors such as knowledge, skills, qualification, experience and education.

Employees may also have the opportunity to participate in incentive programs and earn additional compensation tied to individual and/or business performance, or other business metrics.

About Co-operators

Co-operators provides auto insurance, home insurance, life insurance, commercial insurance, farm insurance, and group insurance, as well as investment products and property development. They provide travel-related insurance products, hospital and medical coverage, accidental death and dismemberment, vehicle replacement, and hospital and medical coverage insurance.

Co-operators Careers

There has never been a better time to join the dynamic team at Co-operators, a leading company renowned for its commitment to community and sustainability.

Work You’ll Do

Join Co-operators' top-tier team to assist some of the most respected and well-known businesses in navigating their paths to growth and innovation. At Co-operators, the fusion of technology, industry expertise, and leadership in sustainability shapes a unique marketplace position. Engage with a diverse team of business and sustainability advisors to help clients through their transformative journeys. Collaborate with a robust group of professionals dedicated to pioneering change and promoting diversity and inclusion within the industry.

Introducing the Co-operators Business Group Advisory

The team is crafting a market-leading Advisory group to guide well-known companies through their growth and innovation phases, leveraging Co-operators' strong foundation in ethical business practices.

Do Innovative Work

Become part of a team where innovation meets practical application, creating solutions that not only drive business success but also contribute positively to society.

Do Innovative Work

Deliver targeted solutions that leverage deep consulting experience and a commitment to sustainable, innovative practices that are unmatched in the industry.

Be Part of a Great Team

Engage in projects that utilize cutting-edge technology and embrace the comprehensive capabilities of a team committed to excellence and ethical leadership.

Future-proof Your Career

With Co-operators, the potential for professional growth is vast, offering numerous opportunities to advance one's career through continuous training, development, and certification support.

Explore

Discover how Co-operators is leading the way in employee benefits programs, offering extensive diversity training and leadership development to prepare for the future of work.

The Co-operators Leadership and Innovation Alliance

This alliance is dedicated to fostering a culture of leadership and innovation, helping clients and employees alike to navigate the challenges of the modern business landscape. The combined expertise of the team ensures that both innovation and ethical practices drive industry leadership.

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