Actuarial Analyst - Pricing

Actuarial / Actuariat Toronto, Ontario Montreal, Quebec

Poste chez Northbridge Financial Corporation

“The Power of Together”

Join Northbridge, a growing dynamic company that has a long and rich Canadian history in providing innovative insurance solutions to customers nationwide.

Northbridge Financial Corporation is a leading commercial property and casualty insurance company that’s been helping protect Canadian businesses for more than 90 years. We’re 100% Canadian! 

We offer a wide range of creative solutions to our customers through our Northbridge Insurance, TruShield Insurance and Federated Insurance brands where we strive to create a fair and friendly culture, upheld by the foundation of our five corporate values: respect, passion, connectedness, creativity, and excellence. 

By continually striving to challenge the status quo, and by focusing on helping the customers we have the privilege of insuring achieve the possibilities of their business, we’ve been able to build our reputation as one of Canada’s largest commercial insurance providers. 

To help us continue to build on this success, we’re committed to attracting, developing and retaining the best people. 

Be part of a team that’s passionate about making a difference every day, fuelled by our entrepreneurial spirit and where everyone owns a part of our success. Our company has had an amazing journey so far, and our future is full of new possibilities!

Located in the heart of Toronto’s Financial District, our head office is easily accessible by TTC and GO Transit, and within walking distance to the Eaton Centre, Scotiabank Arena, Rogers Centre, and CN Tower. As a national property and casualty commercial insurance provider, we also have offices across Canada.  

Position Summary 

This position is accountable for the acquisition and analysis of company and industry data to develop rates and rating structures for personal and commercial lines pricing.  Assist in the preparation of pricing analysis and resulting pricing reports.

What you will be doing:

  • Develop and verify sources of data for analysis through the development of computer programs, or program specifications, and ensure that data used is sufficient, current, and accurate.
  • Develop, implement, and maintain mathematical models and simulations to analyze rate adequacy and other pricing-related analysis.
  • Prepare pricing proposals that are in line with business/strategic directions set by senior management.
    • Run and modify existing programs, and develop new programs, to perform statistical analysis and access various databases used in the analysis of past experience and implementation of pricing reviews.
    • Investigate anomalies in data in order to ensure the development of the most accurate and practical proposals.
    • Assist in production of Regulatory Filings and other reports related to Pricing.
    • Compile and analyze company data for pricing analysis. 
  • Compile and analyze company premium and loss data using standard actuarial techniques to determine rate adequacy.
  • Research applicable statutes and precedents in order to prepare supporting materials for the preparation of relevant reports for submission to regulatory authorities.
  • Implement systems rate file changes and produce rate pages where required.
  • Provide assistance and training to other employees to efficiently use standard actuarial techniques.
  • Other related duties as assigned.

What we are looking for:

  • Sc. in Actuarial Sciences, or Bachelor or Master’s Degree in Mathematics or a related quantitative discipline preferred or other related degree with major in Actuarial Science
  • Fluently bilingual in English and French
  • Successfully passing a minimum of 3 or more Casualty Actuarial Society exams (or equivalent experience).
  • Computer literate (PC and Mainframe; Business Object, SAS, Word, Excel, VBA an asset).
  • Basic knowledge of insurance products and the insurance distribution process.
  • Knowledge of data processing systems and programming (more of a conceptual rather than technical emphasis).
  • Working knowledge of advanced mathematical theory and mathematical programming languages.
  • Good working knowledge of rate-making and/or reserving policies and procedures.
  • Working knowledge of legal statutes regulating the insurance industry.

What sets you apart:

  • Strong research and analytical skills.
  • Strong interpersonal skills (interactions with other departments and co-workers).
  • Good communication skills (both oral and written).
  • Ability to explain complex terms/processes in simple language.
  • Team player.
  • Adaptable/flexible.
  • Ability to establish and manage both work and personal development plans.

 What we Have to Offer: 

  • Northbridge Cares program – volunteer day and donation matching
  • Generous paid time off, including personal days. Flexible work hours as well as early departure opportunities
  • Flexible Group Benefits Plan – medical, dental, insurances
  • Defined Contribution Pension Plan + Optional Group RRSP
  • Northbridge Employee Share Purchase Plan
  • Education Assistance Program
  • Employee Assistance plan
  • Staff Insurance - discount on home, automobile and pet insurance
  • Plus, the opportunity to contribute to the success of Northbridge through sharing your knowledge and experience while learning from others!

Northbridge welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection process.