OverviewThe Economical Insurance Group Junior Actuarial Analyst Full Time in Waterloo, ON
The Economical Insurance Group
Branch Waterloo ON CA
Junior Actuarial Analyst
Support is provided to product development in both personal and commercial insurance. Emphasis on learning various actuarial operations and the insurance…
LOCATION: Waterloo, Toronto or Montreal
Reporting to the Manager within Product, Pricing & Analytics or Corporate Actuarial, you will have responsibility in one of three actuarial areas: Pricing, Advanced Analytics or Corporate Actuarial.
Pricing analysts are responsible for analysis pertaining to rate adequacy, including analysis of loss and premium trends, production of rate indications, and development of rating structures using multi-variate actuarial models. Support is provided to product development in both personal and commercial insurance.
Corporate Actuarial analysts are responsible for the valuation of policy liabilities, reviewing the company’s overall financial condition (DCAT), and supporting the corporate planning and risk management processes. Corporate Actuarial is also responsible for the development of stochastic economical capital models used to assist management in estimating the company’s capital requirements in aggregate and at business segmentation level.
Advanced Analytics analysts develop statistical models based on socio-demographic, financial and policyholder data in support of changes to products, processes, and technologies. Advanced Analytics works closely with Personal and Commercial Insurance, Claims, Underwriting, and Sales & Distribution to develop data-driven solutions to improve business operations.
Emphasis on learning various actuarial operations and the insurance business, such as underwriting, claims handling, and product development;
Develop and apply professional experience with spreadsheets, databases, and statistical software to compile and categorize data used in pricing, reserving and profitability analysis;
Learn to communicate basic actuarial concepts to other actuaries both verbally and in writing;
Produce various data exhibits and analysis relating to measuring, tracking, and monitoring company and industry performance;
Respond to routine requests of internal and external stakeholders related to standard reports and processes with validation from more senior staff.
Must have completed at least two exams of the Casualty Actuarial Society;
Must have excellent communication and organizational skills.
Must possess strong programming skills, including efficient use of Microsoft applications (Excel, Access, VBA, etc.);
Knowledge of SAS is an asset.
Employment Type: Full Time
Location: Waterloo, ON, CA
Posted on: 2015-09-23