Associate Business Rating Analyst

Posted 7 Days Ago
Be an Early Applicant
3 Locations
In-Office or Remote
50K-84K Annually
Entry level
Fintech • Software • Financial Services
The Role
Supports the analysis, development, programming, testing, validation, implementation, and documentation of insurance rating engines. Develops business requirements for pricing algorithms, tables, and rates; investigates system defects; validates premiums and actuarial pricing tables; analyzes pricing issues; and supports regulatory rate changes. Collaborates with stakeholders on project scope, risks, and business impacts while recommending corrections and providing client service.
Summary Generated by Built In

Company: CGIC
Department: Auto & Home Pricing
Employment Type: Regular Full-Time
Work Model: Hybrid (2 days in office)
Language: Bilingualism in English and French is required.
Additional Information: This/these role(s) is/are currently vacant

The Opportunity:

We are a leading Canadian financial services co-operative committed to being a catalyst for a sustainable and resilient society and our team is essential to deliver on this strategy. That’s why we prioritize our people, to ensure we provide a strong culture and development opportunities which enables our team to thrive and to live our purpose. The best part is that you will work with people that care passionately about you, our clients and our communities.

As the Associate Business Rating Analyst  you will assist in analyzing, developing and programming business requirements, as well as testing, validating, implementing and documenting rating engines. You will collaborate with business partners and provide exceptional client service by examining and resolving pricing issues with rating systems.

How you will create impact: 
  • Developing, analyzing, documenting and validating business requirements or specifications for requested changes to pricing algorithms, tables and rates.
  • Collaborating with stakeholders and contributing to the creation of project scope and plans by identifying risks and business impacts.
  • Investigating, diagnosing, documenting and retesting simple system defects.
  • Providing support to business analysts with online rating systems, calculating and validating premiums, analyzing and diagnosing pricing issues, and identifying and recommending corrections to rating engines.
  • Conducting pricing analysis and providing documentation for regulatory rate changes, updating and validating Actuarial pricing tables, and programming pricing algorithms.
To join our team:  
  • You have a post-secondary degree in Mathematics, Economics, Business Administration, Computer Science or a related discipline.
  • Having relevant business or systems experience is an asset.
  • Having general knowledge of Property & Casualty (P&C) insurance, technology, and business analysis is an asset.
  • Having knowledge of algorithmic rating and/or programming experience is an asset.
  • Proficiency in English is essential to the main duties in this role, including servicing and communicating primarily with majority non-francophone clients, groups, teams. Drafting complex English documents and preparing daily reports for anglophone leaders. The essential non-French duties are not assignable to adjacent or other team members.
How you will succeed:
  • You influence change and are committed to continuous improvement, in order to exceed client expectations.
  • You leverage critical thinking skills to identify problems and proactively propose solutions.
  • Your strong communication skills allow you to clearly convey messages.
  • You’re an effective team player who shares knowledge to support our peers.
What you need to know:
  • You will be subject to a Background check as a condition of employment, in the event you are the successful candidate.
What’s in it for you?
  • Training and development opportunities to grow your career.
  • Flexible work options to support personal and family needs.
  • A holistic approach to your well-being, with physical and mental health programs and a supportive workplace culture.
  • Volunteer opportunities to give back to your community.

Salary information​

Expected salary $50,280.00 to $83,800.00 CAD

​

Salary placement​

The salary amount for the successful candidate is determined by Co-operators in its discretion and will vary depending on several criteria including but not limited to: local market conditions, geography and relevant job-related factors such as knowledge, skills, qualification, experience and education.​

​

Incentive/Variable pay ​

Employees may also have the opportunity to participate in incentive programs and earn additional compensation tied to individual and/or business performance, or other business metrics.

Skills Required

  • Post-secondary degree in Mathematics, Economics, Business Administration, Computer Science, or a related discipline
  • Bilingualism in English and French
  • Proficiency in English, including complex document drafting and communication with primarily anglophone clients and leaders
  • Relevant business or systems experience
  • General knowledge of Property and Casualty insurance, technology, and business analysis
  • Knowledge of algorithmic rating and/or programming experience
  • Successful completion of a background check
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The Company
HQ: Guelph, Ontario
7,516 Employees
Year Founded: 1945

What We Do

As a leading Canadian financial services co-operative, Co-operators offers multi-line insurance and wealth products, services, and advice to build financial strength and security. With over $56 billion in assets under management, we provide financial solutions and security through property and casualty (P&C) insurance, life insurance, wealth management, institutional asset management and brokerage operations. We are governed by member organizations, including co-operative organizations, credit union centrals and representative farm organizations. We are rooted in the idea that together, we are stronger, safer, and more resilient. Our vision to be a catalyst for a sustainable society is reflected in everything we do, including our community investment programs, strategic partnerships, and active volunteerism. We champion and fund the development of community-oriented co-operatives and social enterprises, invest for positive impact, and work hard to contribute to communities across Canada by supporting financial literacy, mental health, flood safety, and sustainability initiatives and programming. With over 600 locations across the country, over 6,000 employees and a dedicated financial advisor network of over 2,500 licensed insurance representatives, we remain true to our roots: putting the needs of our clients and our communities first. Our response to COVID-19 As an essential service, we took immediate steps to ensure the health and safety of our people, clients, and communities. We’re following the direction of Health Canada as we roll out a phased return to corporate and local offices across the country. If you have applied for a posted role, a recruiter will be in touch with an update. Currently, all interviews are being conducted remotely.

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