Senior Actuarial Analyst/actuarial Consultant-commercial
Job ID: 8568
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: $80,000- $125,000. 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 with a high degree of autonomy, the Actuarial Consultant is responsible for leading development of best practices integration into processes and methods used by the Commercial Pricing department. The successful candidate will mentor actuarial analysts while applying their knowledge to complex actuarial analysis in the pursuit of solving business issues and answering business questions.
We are open to Actuarial Consultant or Senior Actuarial Analyst level.
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 some support from peers and leaders
- Evaluates procedures and processes, and suggests potential alternatives or improvements
- Process Improvement/Efficiency
- Evaluates existing processes to find areas for increased efficiency
- Identifies opportunities for automation of routine tasks
- Develops new approaches to problem solving and assess impacts of solution options with some support from leaders
- Industry
- 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
- 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 the team in order to address any existing gaps
- Stakeholder Management
- Provides regular project updates to stakeholders
- Project Management
- Builds trust with teams around the actuarial function. Knows when to ask for the expertise of others.
- Mentorship
- Actively contributes to the mentorship, training and development of actuarial analysts
- Coaching & Developing Others
- Reviews analysis of peers and provides thoughtful feedback on reasonableness, completeness and accuracy
- Leadership
- 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
- Communication/Building Relationships
- Strong oral and written communication skills, demonstrating the ability to convey business terminology and insights that are meaningful and well received
- Ability to produce easy-to-consume documentation and to effectively present work to a wide audience
- Ability to anticipate the questions that stakeholders may have on work product, and prepare materials accordingly
- Learns the vocabulary of the different team's actuaries connect with and discusses ideas using terms familiar to these functions
- Computer/Programming Skills
- Proficient knowledge of Excel, SQL, R, Python and/or other related software/programming languages/actuarial software
- AWS (S3 and Sagemaker) or Power BI experience would be an asset
- Ability to adapt to new enterprise system environments
- Ability to identify areas for improved efficiency
- Problem solving
- Advanced knowledge of actuarial science, mathematics, probability, statistics, principles of finance and business knowledge, and ability to apply this knowledge to problems in insurance
- Ability to develop solutions or alternative approaches to significantly material issues
- Detail oriented
- Strong attention to detail when performing analysis with minimal technical errors
- Ability to identify errors and potential areas of concern
- 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, proactively keeping leader informed of progress
- Develops timelines for project plans
- Conflict Management/Teamwork
- Ability to work efficiently and co-operatively in a team environment. Ability to respectfully challenge the status quo.
- Ability to respectfully challenge status quo
- Seeks input from others to get stronger results
- Actuarial Standards
- Keep abreast of current industry and professional standards and applies them directly to requirements and decisions
- Keep abreast of current industry and professional standards and applies them directly to requirements and decisions
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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