Actuary-group Insurance
Job ID: 8674
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: $100,000- $140,000. 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
Working under minimal supervision, the Actuary of Group Insurance - Pricing is responsible for all facets of actuarial pricing of group life and health insurance products, ensuring products are priced to support expected profitability taking into account the need to generate adequate level of sales. This role will be seen as the group insurance pricing expert and will be expected to lead and mentor analysts.
Job Responsibilities
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
Coaching & Developing Others
- Actively seeks out opportunities to provide feedback, instruction, and development guidance to help others excel in their current or future job responsibilities
Leadership
- Provides cross functional guidance and leadership in subjects of expertise. Look for ways to add value.
Qualifications
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, or other related discipline
- More than six years of actuarial experience an asset
- FSA and/or FCIA designation required
- Communication/Building Relationships
- Advanced oral and written communication skills, demonstrating the ability to convey business terminology and insights that are meaningful and well received
- Ability to clearly document major projects and key processes
- Effective at negotiating, and able to use communication skills to influence senior leaders to accept recommendations through written proposals and oral presentations
- Discusses ideas in terms familiar to colleagues in different functional areas and teaches the necessary actuarial concepts when needed.
- Computer/Programming Skills
- Proficient with Excel, SQL, R, Python and/or other related software/programming languages/actuarial software
- Ability to easily adapt to new enterprise system environments
- Ability to identify areas for improved efficiency and suggest solutions
- Problem solving
- Advanced knowledge of actuarial science, mathematics, probability, statistics, principles of finance and business, and strong ability to apply this knowledge to problems in insurance
- Ability to develop efficient and viable solutions to problems and assess impacts of these solution options to all key stakeholders
- Detail oriented
- Strong attention to detail when performing analysis with minimal technical errors
- Ability to identify errors and areas of concern that may impact analysis
- Ability to peer review through reasonability checks
- Ability to balance materiality/efficiency and accuracy/detail
- Time Management/Organization
- Ability to prioritize and complete multiple concurrent assignments, both individually and as a leader of a group, in a timely manner while proactively keeping leader informed of progress
- Develops effective and accurate timelines for project planning
- Conflict Management/Teamwork
- Ability to work efficiently and co-operatively in a team environment.
- Ability to respectfully challenge status quo.
- Ability to draw out insights from other team members, leveraging the experience of the full team.
- Actuarial Standards
- Ensures team members are applying current industry and professional standards to requirements and decisions
- Analyzes impact on team's work when changes are made to relevant standards and recommends appropriate actions
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.
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