Actuarial Consultant-senior Actuarial Consultant-irm
Job ID: 8902
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: $110,000- $155,000 Candidates with salary expectations outside of the range are still encouraged to apply.
About Us
At Wawanesa, we're proud to 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, ON; Kitchener, ON; Thunder Bay, ON; Ottawa, ON; Montreal, QC; Moncton, NB; Dartmouth; NS
The Wawanesa Mutual Insurance Company ("Wawanesa Mutual"), founded in 1896, is one of Canada's largest mutual insurers, with over $3.5 billion in annual revenue and assets of $10 billion (CAD). Wawanesa Mutual, with its National Headquarters in Winnipeg, is the parent company of Wawanesa Life, which provides life insurance products and services throughout Canada, and Western Financial Group, which distributes personal and business insurance across Canada. Wawanesa proudly serves more than 1.7 million members in Canada, and we are home to more than 3,600 employees distributed across the Canadian regions and communities where we operate. We give back to organizations that strengthen communities, donating more than $3.5 million annually to charitable organizations, including over $2 million annually in support of people on the front lines of climate change. To learn more visit wawanesa.com.
We are currently looking for dedicated, driven, and enthusiastic individuals who thrive in an environment that welcomes change and are looking for an opportunity for diverse experience and advancement on a growing team.
Job Overview
Wawanesa Insurance is looking for an exceptional candidate to join our Insurance Risk Management team as either an Actuarial Consultant or Senior Actuarial Consultant. Working under minimal supervision, the Actuarial Consultant of Insurance Risk Management contributes to the accurate and timely measurement, monitoring, reporting and control of enterprise-wide insurance risks and associated escalation and governance process.
Job Responsibilities
Insurance Risk Management
- Insurance risk is defined as the risk of loss resulting from Pricing & Underwriting Risk, Reserving Risk, and Catastrophic risk.
- Provides oversight and challenge to the effectiveness and consistency of enterprise-wide insurance risk and actuarial practices via quarterly independent actuarial Pricing, Reserving, and Reinsurance reviews.
Actuarial and Statistical Methods
- Performs independent rate indications, pricing segmentation analysis and reserving valuations of major business lines.
- Supports the review of key insurance risk models to minimize model risk, including actuarial pricing, budget and forecasting, and reinsurance catastrophe models.
Analytical
- 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
Process Improvement/Efficiency
- Evaluates existing processes to find areas for increased efficiency
- Identifies opportunities for automation of routine tasks and implementation of advanced techniques while ensuring ethical and responsible application of solutions
- Develops creative approaches to solve complex issues and assesses impacts of solution options
Industry
- Recommends actions that should be taken in response to industry news and trends
- Encouraged to represent Wawanesa in industry research, professional standards, and technical working groups and shares insights internally with relevant teams
Commitment to Learning
- 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 and sharing this new expertise with team members
Stakeholder Management
- Provides regular project updates to stakeholders. Anticipates obstacles and raises them in advance; Proposes possible solutions to obstacles.
Project Management
- Leads projects from beginning to end, including training and documentation. Delegates effectively, including following up where appropriate. Includes implementation of final product.
Mentorship
- Actively contributes to the mentorship, training and development of actuarial analysts
Qualifications
- Undergraduate university degree in Actuarial Mathematics, Statistics, Mathematics or other related field of study
- More than four years of actuarial experience an asset
- 7 CAS exams or ACAS designation an asset
- Working programming knowledge of R is an asset
- Experience in Pricing or Modelling considered an asset
Skills
- Ability to learn quickly and independently
- Ability to ask effective questions to elicit detailed and relevant information
- Strong attention to detail when performing analysis with minimal technical errors
- Collaborates well in a team environment, and capable of working with high degree of autonomy.
- Strong interpersonal, communication and presentation skills.
- Solution-oriented with a willingness to handle opposing views and find common ground.
- Leadership skills to successfully manage projects and mentor/coach colleagues.
#LI-JB2
Wawanesa is proud to be one of Manitoba's Top Employers, a Kincentric Best Employer in Canada and a Forbes Best Employer in Canada recognizing an exceptional place to work!
Diversity Equity, Inclusion & Belonging
Wawanesa is an equal opportunity employer and is committed to fostering a diverse workforce that is equitable and inclusive for all. Wawanesa provides equal employment opportunity to all employees and applicants without regard to an individual's protected status: race/ethnicity, colour, religion, creed, sex or gender, sexual orientation, gender identity or expression, family or marital status, pregnancy/childbirth or related conditions, national origin, disability, military or veteran status, or any other protected status. Disability or medical-related accommodations are available upon request throughout all aspects of the recruitment and selection process. Candidates requiring reasonable accommodations may contact, in confidence, jobs@wawanesa.com.
If you are interested in this exciting, challenging position with Wawanesa, apply today with your Resume.
All Wawanesa job applicants are subject to Wawanesa's Privacy Policy.