Company: CGIC
Department: Commercial and Farm
Employment Type: Temporary Full-Time (18 months)
Work Model: Hybrid (2 days in office)
Language: Bilingualism in English and French is an asset.
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.
Our Farm & Commercial insurance team aspires to be the industry leader by meeting the evolving needs of Canadian businesses and farm operations. Our passionate team is committed to enhancing the client experience and delivering operational efficiencies by investing in leading edge technology and leveraging analytics to achieve strategic objectives.
As a Senior Actuarial Consultant, Pricing Lead, you play a key role in leading the development of the rating engine for fleet and garage auto. You will work closely with actuarial teams and business partners to develop the new pricing engine using the Earnix platform.
How you will create impact:
- Providing expertise on various databases, programming languages and modeling softwares to contribute to Actuarial strategic objectives.
- Cultivating relationships with business partners, analyzing their needs and designing innovative solutions for their complex challenges.
- Providing input to the Pricing leadership team, assisting in the development of the team’s strategy and roadmap, for the line of business.
- Providing coaching, guidance, and consistent feedback to indirect reports.
- Supporting the department in offering a “best-in-class”, professional work environment where learning, sharing knowledge and innovation are valued.
To join our team:
- You have five years of relevant experience in the property and casualty actuarial field.
- You have a post-secondary degree in actuarial science, Mathematics, Statistics, or a related discipline.
- You have expert knowledge of actuarial pricing principles, concepts and theories needed, along with a basic understanding of corporate actuarial concepts relevant to pricing (ex. capital allocation, reinsurance, etc.)
- You have the ability to identify and resolve moderately complex business problems.
- You possess an analytical mindset with sound judgment, allowing decision-making in design, testing and reconciling to fit the business need, with resources available, determining long-term impacts and efficiencies.
- You have a strong understanding of auto legislation in all provinces.
- Having or willing to complete the ACAS/ACIA or FCAS/FCIA designations would be an asset.
- This position primarily works with majority non-francophone groups, and teams located outside of Québec, and requires proficiency in English. The essential non-French duties are not assignable to adjacent or other team members.
How you will succeed:
- You have an innovative mindset to improve operational efficiencies and ability to influence change, with a primary focus on client needs.
- You use critical thinking skills to recognize assumptions, evaluate arguments, draw conclusions and proactively propose solutions.
- You have strong communication skills to clearly convey messages and explore diverse points of view.
- You build trusting relationships and provide guidance to support the development of colleagues.
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.
Expected salary range $104,717 - $154,700+.
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.
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
- 5 years of relevant experience in the property and casualty actuarial field.
- Post-secondary degree in actuarial science, Mathematics, Statistics, or a related discipline.
- Expert knowledge of actuarial pricing principles, concepts and theories.
- Basic understanding of corporate actuarial concepts relevant to pricing (e.g., capital allocation, reinsurance).
- Ability to identify and resolve moderately complex business problems.
- Analytical mindset with sound judgment for design, testing, and reconciliation decisions.
- Strong understanding of auto legislation in all provinces.
- Proficiency in English.
- Experience with the Earnix platform (developing pricing/rating engines).
- Bilingualism in English and French.
- Having or willingness to complete ACAS/ACIA or FCAS/FCIA designations.
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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