Manager, Actuarial Pricing

Actuarial / Actuariat Toronto, Ontario


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: 

The Manager, Actuarial Pricing is responsible for the management of Actuarial staff and the evaluation, and analysis of company and industry data used in the development of pricing proposals.  The incumbent is also responsible to partner with Regional Underwriting to improve pricing sophistication, profitability and growth through portfolio analysis and insights.

What you will be doing:

  • On a consistent basis, evaluate and enhance the underwriting and pricing framework through statistical analysis and portfolio reviews.
    • Drive improvements in profitability analysis tools developed for actuarial, underwriting and other department leaders.
    • Gather and share knowledge gained from statistical reports measuring key portfolio performance indicators
    • Communicate results of various analyses to the Actuarial and Regional Underwriting senior leaders
  • Develop and maintain a professional relationship with the Regions to enhance profitability and growth through portfolio analysis and insights.Participate in the development of rate change indications for various portfolio segments of Northbridge Insurance
    • Develop deep insights in portfolios with respect to profitability drivers.
    • Liaise with Regional Underwriting to review portfolio analysis and develop strategies to stimulate growth and profits, including implementation of renewal rate change frameworks
    • Build strong relationships with Regional and Corporate Underwriting Leaders and other key stakeholders to drive efficient and effective implementation of profitable growth initiatives
  • Review and communicate technical rates for large accounts/programs based on loss-rating and exposure-rating approaches.
    • Develop and maintain guidelines to regional underwriting related to actuarial pricing support on large accounts/programs
    • Drive consistent and efficient large accounts/pricing rating framework
    • Ensure adequate and efficient completion of large account/program pricing analysis provided to regional underwriters
  • Develop an innovative and productive work unit in order to ensure that adequate staffing levels and expertise are available to meet departmental objectives and ad hoc projects.
    • Manage, supervise and coach direct reports/project teams.
    • Provide assistance and training to other employees to efficiently use standard actuarial techniques; supervise/coach actuarial project teams.
  • Initiate research projects.
  • Other duties as assigned.


What we are looking for: 

  • Post-secondary school education in related field of Actuarial Sciences, or Mathematics.
  • Must have at least a Designation of Associate of the Casualty Actuarial Society (ACAS).
  • Minimum 7-10 year’s experience in the insurance industry.
  • Strong working knowledge of Microsoft Excel, Word, PowerPoint and SAS. VBA and Access are assets.
  • Strong working knowledge of ratemaking policies and procedures.
  • Strong working knowledge of advanced mathematical theory and mathematical programming languages.
  • Solid knowledge of insurance products and the insurance distribution process.
  • Strong working knowledge of legal statutes regulating the insurance industry.
  • Ability to direct the analysis of premium and loss data to determine rate adequacy.
  • Ability to develop an innovative and productive work unit in order to ensure that adequate staffing levels and expertise are available to meet departmental objectives and ad hoc projects.

 

What sets you apart: 

  • Superior research and analytical skills.
  • Superior interpersonal/coaching skills (interactions with other departments and co-workers).
  • Excellent ability in explaining complex terms / processes in simple language.
  • Excellent ability to plan, organize and manage multiple demands and changing priorities and deliver results.
  • Excellent communication skills (both oral and written).
  • Strong presentation, listening and coaching skills.
  • Customer-focused.
  • Ability to set meaningful departmental goals and deliver results.
  • Ability to manager staff and work, such that all contribute to business unit and company goals.
  • Strong conflict resolution skills.
  • Adaptable/flexible.
  • Ability to establish and manage both personal and professional development plans.
  • Ability to independently develop solutions of significant importance.
  • Ability to provide strategic direction.
  • Team player.

 

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.