Actuary

About This Role

Being an Actuary involves analyzing the profitability of treaty reinsurance treaties and working closely with underwriting and client management teams to ensure competitive pricing. The role also includes conducting strategic projects to support the management of the treaty portfolio, and suits someone with excellent communication, technical, and organizational skills.

Responsibilities

• Lead treaty reinsurance pricing independently by identifying and evaluating key cost drivers, defending pricing assumptions with stakeholders, and overseeing multiple timelines to ensure a smooth treaty renewal process
• Assess pricing adequacy across varying contract terms and provide pricing recommendations in response to evolving regulatory frameworks (i.e. auto reform)
• Drive advanced portfolio analytics to identify emerging trends and insights, supporting strategic decision-making and delivering business recommendations
• Oversee and guide the development, maintenance, and enhancement of actuarial models and pricing assumptions
• Lead strategic projects aligned with business needs, managing expectations with internal and external stakeholders
• Support reinsurance facultative and primary single risks pricing
• Provide CAT modelling support by using industry and in-house software
• Challenge the status quo and provide recommendations on areas of improvement
• Provide peer review and training/mentorship to junior analysts
• Attend industry seminars and workshops as necessary by business
• Perform other ad hoc tasks to achieve the goals and objectives of the company

Requirements

• First and foremost, demonstrate a natural desire to provide exceptional client service through energy, enthusiasm, and initiative
• Bachelor's Degree in Actuarial Science, Mathematics or equivalent
• FCAS designation is required for Actuary title
• Near FCAS or career ACAS with pricing experience would also be considered at a Senior Actuarial Associate level
• 5+ years of P&C actuarial work experience
• Prior experience in pricing is required
• Experience in reinsurance pricing is preferred
• Excellent working knowledge of MS Excel, PowerPoint, Access
• Programming and modeling experience such as SQL, Power BI, AIR, RMS considered an asset
• Demonstrate exceptional actuarial judgment by making technical decisions independently and be self-driven to deliver business insights
• Proven experience leading projects and provide coaching to junior staff
• Demonstrate exceptional communication skills to distill complex technical concepts into clear, persuasive messages for senior internal and external stakeholders