Pricing Actuary Jobs

What you'll do

Summary

This is an excellent opportunity to use and enhance your generalist actuarial skillset. As part of a small actuarial team, you will be responsible for analyzing the losses, forecasting, rate-making, reserving and collaborating on the product design. You are comfortable with loss models and have experience identifying and interpreting the trends affecting the losses, setting the rates, and modelling the impact of product changes on the losses.

Specifically, you will:

• Forecast and report on financial performance of the insurance book of business.
• Independently build models to identify, analyze, and interpret trends and patterns in sales and claims data.
• Look for ways to improve customer experience.
• Review and maintain the rating structure of TuGo products to achieve the desired risk selection.
• Continuously build professional and technical expertise.
• Model and encourage use of best practices of actuarial techniques, modelling, and analytics.
• Develop and maintain insight into competitive benchmarking of rates and participate in optimizing the pricing to meet retention and new business growth targets.
• Responsively and effectively handle issues.
• Potentially manage the work of one or more Data Analysts
• Collaborate and communicate effectively with team members and all other teams.
• Other duties as required.
• Collaborate with relevant stakeholders at all levels of the organization, including making and presenting recommendations to a variety of technical and non-technical audiences.
• Proactively evaluate the rating assumptions and suggest updates based on the emerging claims experience.
• Review and maintain the rate levels to achieve the target profitability metrics for the products.
• Promote and model TuGo culture, values, and brand promise.
• Provide input on the structure of new product features to address the above targets.
• Make recommendations on data collection tools, software, and business processes to maximize insights and efficiency of the pricing function.
• Suggest improved algorithms to determine appropriate levels of loss reserves by reviewing loss reserve development.
• Achieve performance targets.

What you'll bring

• Recent or near FCAS/FSA designation
• Excellent analytical and problem-solving skills
• Able to consistently live our values of valued, effective and trusted
• Ability to work with private information ensuring confidentiality
• Solid knowledge of actuarial principles, 3-4 years of related experience
• Ability to interpret the results and present ideas/decisions clearly
• A passion for continuous learning and professional achievement
• High level of personal integrity and self-accountability
• A strong customer experience focus
• Strong attention to detail
• Experience using R or Python
• Excellent written and verbal English skills
• High proficiency in MS Excel
• Demonstrated creativity to identify and implement innovative solutions
• Experience leading others is an asset
• Bachelor’s degree in Mathematics, Statistics, or Actuarial Science
• Strong team player and positive contributor