Actuarial Consultant - Rating Quality

Job Overview

Working with a high degree of autonomy, the Senior Actuarial Consultant is responsible for leading the transformation of critical components of the rating algorithm, a foundational enabler of Pricing Sophistication. This includes creating and validating a vision to simplify complex areas of rating logic, taking a national approach, and ensuring an extensible, marketable foundation. Based on that foundation, requirements for rating rules, structures, and manuals are created, soliciting input from multiple areas to develop a sustainable solution. Finally, go to market rating plans and strategies are created to deliver that solution, aligning with business goals. Throughout this process, the Senior Actuarial Consultant acts as a visionary, collaborator, and executor, while championing leading edge quality-focused process changes.

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 and implementation of advanced techniques while ensuring ethical and responsible application of solutions.
• Develops new approaches to problem solving and assess impacts of solution options 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.
• Leads projects from beginning to end. Includes implementation of final product. May include training and documentation of the project.
• Actively contributes to the mentorship, training and development of actuarial analysts.
• Provides feedback, instruction, and development guidance to help others excel in their current or future job responsibilities.
• 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 4 years of actuarial experience an asset.
• 7 CAS exams or ACAS designation an asset.
• 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 comfortably communicating analysis and results to senior leaders in written and/or oral form, and influencing direct leader to accept recommendations
• Discusses ideas in terms familiar to colleagues in different functional areas and teaches the necessary actuarial concepts when needed.
• 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.
• 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.
• Strong attention to detail when performing analysis with minimal technical errors.
• Ability to identify errors and areas of concern that may significantly impact analysis.
• Ability to peer review through reasonability checks.
• Ability to balance materiality/efficiency and accuracy/detail
• 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.
• Ability to work efficiently and co-operatively in a team environment.
• Keeps abreast of current industry and professional standards and applies them directly to requirements and decisions.

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