Senior Actuarial Analyst - Research & Development

Wawanesa Insurance

$90K — $110K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field
  • More than two years of actuarial experience is preferred
  • Working towards ACAS designation; completion of 4 CAS exams is a plus
  • Experience with machine learning modeling and pricing modeling software
  • Proficient in translating problem-solving techniques into various programming languages
  • Strong understanding of actuarial science, finance, and insurance principles
  • Familiarity with database systems and data extraction

Responsibilities

  • Research and manipulate complex data, assessing quality
  • Perform analyses and ad-hoc requests with minimal supervision
  • Evaluate and recommend improvements to existing processes
  • Identify opportunities for efficiency and automation
  • Develop innovative problem-solving approaches
  • Analyze industry trends and their impact on Wawanesa
  • Represent Wawanesa at external events and maintain professional development
  • Mentor and provide feedback to Actuarial Analyst colleagues

Benefits

  • Hybrid work environment offering flexibility
  • Generous vacation time and personal days
  • Premium-free health benefits and pension plan
  • Annual bonus plan and leave of absence top-up programs
  • Focus on continuous professional development and experiential learning
Full Job Description
Job ID: 10215

Employment Type: Existing Role

Work Environment: We offer a hybrid work environment that offers flexibility to our employees in balancing in-office (2 days per week OR 15 hours per week in a Wawanesa office) and remote work. You may work from any of the following locations: Winnipeg, MB; Wawanesa, MB; Vancouver, BC; Calgary, AB; Edmonton, AB; Lethbridge, AB; Toronto (North York), ON; Kitchener, ON; Ottawa, ON; Montreal, QC; Quebec City, QC, Moncton, NB; Dartmouth; NS.

Working Business Language: English. This role is considered a head-office role and will be required to communicate with internal stakeholders across Canada where the primary business language utilized is English.

Salary: At Wawanesa, salary is only one component of a holistic, comprehensive and competitive offering that we provide to our employees. In addition to salary, full-time and part-time permanent employees are eligible for an annual bonus plan, leave of absence top-up programs and provided with generous vacation time, personal days, premium free benefits and pension plan.

The salary offered for this role is determined with consideration to various factors, including but not limited to: your work location, local labour market conditions, external market salary data, internal pay equity and the knowledge, skills, experience and anticipated proficiency in the role. The salary offered is estimated to be within the following range: $90,000 - $110,000. Candidates with salary expectations outside of the range are still encouraged to apply.

Job Overview

Working with a high degree of autonomy, the Actuarial R&D provides contributions to the actuarial group based on knowledge from the actuarial exam system and prior relevant academic or work experience. They will mentor Actuarial Analyst colleagues while applying their knowledge to complex actuarial analysis in the pursuit of solving business issues and answering business questions.

Job Responsibilities

  • Researches, extracts, and manipulates complex data from relevant sources, and assesses data quality
  • Supports the business and overall team by performing analyses/reviews and completing ad-hoc requests/special projects in a timely manner with minimal support from peers and leaders
  • Evaluates procedures and processes, and recommend alternatives or improvements
  • Evaluates existing processes to find areas for increased efficiency
  • Identifies opportunities for automation of routine tasks
  • Develops new approaches to problem solving and assess impacts with minimal support from leaders.
  • Identifies emerging industry trends and analyzes the impact they will have on Wawanesa.
  • Encouraged to represent Wawanesa at external events that may include universities, actuarial clubs, industry organizations, and charitable causes
  • Commits to professional development and continuous experiential learning to build cross-functional knowledge, technical skills, and mastery in competencies
  • Focuses learning activities on bringing new knowledge and skills to team in order to address any existing gaps.
  • Provides regular project updates to stakeholders. Anticipates obstacles and raises them in advance.
  • Builds trust with teams around the actuarial function. Leads some projects from beginning to end, Include implementation of final product. May include training and documentation of the project.
  • Actively contributes to the mentorship, training and development of actuarial analysts
  • Reviews analysis of peers and provides thoughtful feedback on reasonableness, completeness and accuracy
  • Builds trust and credibility with peers. Develops strong working relationships across teams.


Qualifications

  • Bachelor's degree in Actuarial Science, Mathematics, Statistics, or other related discipline
  • More than two years of actuarial experience an asset
  • Working towards ACAS designation; 4 CAS exams an asset
  • Experience with machine learning modelling or other pricing modelling methods and software.
  • Ability to translate problem solving methods and ideas to various computer languages efficiently and effectively.
  • Ability to apply knowledge of actuarial science, mathematics, probability, statistics, principles of finance and business to problems in insurance.
  • Understanding of database systems and how to interpret/extract data from those systems.
  • Advanced written and verbal communication skills with ability to communicate at the right level of complexity for the audience.
  • Ability to develop timelines for projects and handling multiple concurrent assignments in a timely manner while proactively keeping leader informed of progress.
  • Works efficiently and cooperatively in a team environment and involve others when appropriate.
  • Ability to ask effective questions to elicit detailed and relevant information.

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