• Sr Actuarial Analyst

  • Sr Actuarial Analyst
  • Position: Sr Actuarial Analyst Company: Insurance Organization Location: Ontario Job ID: 20235 RESPONSIBILITIES: - Reporting to the Vice President of Actuarial Services, the Senior Actuarial Analyst will be responsible for the acquisition, analysis, and evaluation of company and industry data to determine rate/reserve adequacy, and oversees the development of rate proposals and filings/reserve reviews. - You will also have the opportunity to direct system rate changes and rate page production, conducts ad hoc analysis with minimal supervision. - Lastly, there will be the opportunity to compile and analyze company data for analysis of loss reserves, loss adjustment expense reserve adequacy and work independently on ad hoc projects. - Initiate research projects. - Direct the analysis of premium and loss data to determine rate/reserve adequacy. - Direct the development and verification of sources of data for analysis to ensure that data used is current, accurate, and sufficient and appropriately documented. - Develop and implement mathematical models to analyze corporate loss reserves. - Analyze company data for rate/reserve adequacy. - Investigate anomalies in data in order to ensure the development of the most accurate and practical proposals. - Research applicable statutes and precedents in order to prepare supporting materials for rate and rule recommendations and filings for submission to regulatory authorities. - Develop and enhance the pricing/competitive analysis/reserve review processes. - Develop and present rate/reserve proposals that are in line with business/strategic directions set by senior management. - Supervise systems rate files changes and produce rate pages. - Communicate with regulatory authorities with respect to filings and rate examinations (i.e. through verbal and written reports). - Communicate results of various analyses to the Vice President Actuarial Services (i.e. through written reports). - Develop pricing/reserve recommendations. - Develop work process in order to ensure that departmental objectives and ad hoc projects are met. - Maintains contact with Underwriting and other departments to collect information for rate analysis and rate proposals; VP Actuarial Services to present rate/reserve proposals; - Accounting to provide information regarding the adequacy of loss reserves and loss adjustment expense reserves; - Systems to maintain rating engines and suggest and implement systems improvements; Planning on IBNR issues. - Maintains contact with Provincial Regulators to file rates and rate revisions, and to respond to provincial regulatory authorities’ queries on filings; IBC/GAA as required; QUALIFICATIONS: - B.Sc. in Actuarial Sciences, or Bachelor or Masters Degree in Mathematics or a related quantitative discipline preferred. - Successfully passing 6 or more Casualty Actuarial Society exams (or equivalent experience). - Minimum 5 years experience in the property and casualty insurance field (experience in Commercial Lines an asset). - Excellent relationship building/management skills. - Supervision experience an asset. - Advanced computer skills (PC and Mainframe; Business Object, Word, Excel, VBA an asset). - Knowledge of data processing systems and programming (more of a conceptual rather than technical emphasis). - Working knowledge of advanced mathematical theory and mathematical programming languages. - Solid working knowledge of rate-making and/or reserving policies and procedures. - Knowledge of insurance products and the insurance distribution process. - Solid working knowledge of legal statutes regulating the insurance industry. - Good analytical skills. - Ability to mentor staff and work, such that all contribute to business unit and company goals. - Ability to handle multiple projects and deliver results. - Good communication skills (both oral and written). - Ability to explain complex terms / processes in simple language. - Good interpersonal/coaching skills (interactions with other departments and co-workers). - Customer focused. - Team player. - Adaptable/flexible. - Ability to establish and manage both personal and professional development plans. [URL]http://www.nasearchg.com/jobdetails.aspx?id=20235&showheader=true[/URL]
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