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Zurich NA Actuary, Programs/MGA Pricing in Canada

Actuary, Programs/MGA Pricing

Description

There are many reasons why Zurich is the intelligent choice for your career.

Collaborate with some of the most diverse minds in the industry. Stimulating challenges. Global awareness. Meaningful work. Work on challenges that help you to grow.You’ll have the chance to develop vital skills, explore your passions, and build a rich and rewarding career.

We are expanding our Actuarial capabilities in Canada! Join our growing team of Actuarial experts! We have senior vacancies in our Property and Liability, Programs and MGA and Mid- Market businesses for Sr. Actuarial Analysts.

Job Summary

You will be managing pricing and development of effective rating and premium structures and strategies. You will be developing and maintaining pricing tools for the business. You will use your strong data management skills to work on mid to large complex risks. You will be consulting daily with Market Facing Underwriters and Underwriting Leadership – developing your knowledge of various property and casualty products with the accountability to resolve complex pricing problems. You will work autonomously on challenging, strategic projects in pricing, ratemaking, reinsurance for new and renewal business. You will be sharing your analysis, recommendations, and conclusions to Underwriting Leadership, You will mentor junior actuarial staff and market facing underwriters.

This role is highly influential and will directly impact our ability to attract and retain business.

Job Accountabilities

  • Supporting our market facing underwriters and leadership in continued growth and profitability of the Programs/MGA businesses

  • Pricing new and renewal programs and MGA (Managing General Agents) risks

  • Creating and updating portfolio monitoring/measurement tools

  • Working with actuarial colleagues across the line of business pricing functions, finance actuaries, financial analysts, US programs/MGA actuaries, and more

Key Accountabilities

  • Calculate premiums and/or reserves for new and/or existing products

  • Review summary datasets

  • Perform statistical analysis

  • Research and analyze loss experience, loss trends and expenses

  • Research and analyze loss and expense reserves

  • Support the development of rates, rating plans and pricing and portfolio management strategies.

  • Develop rate indications and evaluate pricing levels

  • Provide guidance to and review work of less experienced actuaries

  • Pass Applicable Actuarial Exams, as required

Business Accountabilities

Provide analytical support and actuarial expertise to a project team to determine potential benefits, clarify the rationale for investment and support the planning process.

Employ a range of statistical techniques to determine trends and assess potential business benefits and/or risks associated with a defined product category or area of the business.

Independently monitor and analyze data according to tools, methods and formats and recommend appropriate action to mitigate risk and optimize business benefits.

Utilize and develop spreadsheets and other office systems to deliver a range of standard reports and analyses which enable an assigned area of the business to implement pricing policy/assess performance of a product category.

Research best actuarial practice and review and analyze detailed business models to support senior management in developing and improving processes and systems.

Provide specialist advice to address specific technical queries from internal clients in an assigned area of the business and deliver appropriate solutions, in line with the organization's policies and processes and regulatory requirements.

Undertake research to source information for use by colleagues in the analysis of competitor pricing strategy and other competitor practices.

Performance Management Accountabilities

  • Model behaviors that demonstrate commitment to corporate values.

  • Provide input into performance management discussions of project team members.

  • Coach and provide technical advice and counsel within and outside operating unit.

  • Provide guidance and support for team members.

  • Take action to manage own personal development and encourage others to do the same.

Education and Experience

Required experience

  • Bachelor’s Degree in Mathematics/Statistics or Actuarial Science and 5 or more years of experience in the Actuarial area

And

  • ACAS or equivalent international certification

Preferred

Experience in multiple functional areas (pricing and pricing tools, portfolio management and capital management) and knowledge/skills reflective of a senior practitioner.

Strong verbal and written communication skills

Additional Information

Imagine working for a company that truly cares about their employees, customers, stakeholders, and communities they serve. Imagine working for a values-driven organization that has the ambition and desire to be the best global insurance provider in the world. Zurich is that place where 55,000 employees across approximately 200 countries and territories are all focused on helping people and helping companies protect what is truly most important to them. We are a values-driven organization that takes pride in the work that we do every day and we have the ambition to be the best global insurer in the world.

Zurich is committed to providing a diverse, inclusive and barrier-free environment resulting in an accessible organization for employees, customers, and other parties who interact with, or on behalf of, Zurich. We strive to achieve a workplace free of discrimination of all forms, including discrimination on the basis of physical or mental disability, or medical condition. If you are interested in a job opportunity, please advise if you require an accommodation, so we can work with you to provide a more accessible process.

Primary Location: Canada-Ontario-Toronto

Other Locations: Canada

Schedule Full-time

Travel No

Job Posting 09/24/20

Unposting Date Ongoing

Req ID: 200004NM

It is the Policy of Zurich in North America, as an equal opportunity employer, to attract and retain the best-qualified individuals available, without regard to race/ethnicity, color, religion, gender expression, genetic information, national origin, sex, gender identity, sexual orientation, marital status, age, disability or protected veteran status.

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