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Economical Insurance

Senior Technical Specialist, Strategic Risk


Open to Toronto & Waterloo applicants Posted Apr 067643-1569010

Company Information


Because a changing industry calls for a new way of doing things. An ambitious, innovative and fast-paced company, we offer exceptional training and development programs, competitive pay, great benefits, company-matched RRSPs, and paid volunteer days — all within an engaging, fun, and collaborative work environment.

Founded more than 145 years ago, Economical is one of Canada’s leading property and casualty insurance companies. We rely on our national network of more than 800 independent brokers to sell a range of car, home, business, and farm insurance solutions. With Sonnet and Petline, we’re extending our reach through the direct-to-customer channel. With more than 2,400 active employees across the country and a commitment to rethinking the insurance experience, we’re poised for great things.

We’re now adding to our high-performance team to take us into the future. Let’s rethink insurance, together.


Job Description

Reporting to the Manager, Strategic Risk, you will be supporting the reporting and analysis related to the capital position and solvency of Economical Insurance and its subsidiaries. This position will support the maintenance and enhancement of the company’s current Dynamic Capital Adequacy Test (DCAT) model, along with supporting other department initiatives including exposure and capital management.

** This position is available to candidates at either one of the following locations:  Toronto or Waterloo **

We’re looking for candidates who are on top of their game. Find out what it’s like to work at Economical:


  • Have an in-depth understanding of DCAT & P&C insurance financial statements
  • Work with teams such as Finance and Enterprise Risk Management to prepare capital plans at various levels for Economical and execute on actions available to manage the company’s capital position
  • Recommend new approaches to enhance the current DCAT process and to further streamline it
  • Assist team with tasks related to public company readiness
  • Communicate actuarial concepts and be persuasive in providing recommendations to internal and external stakeholders
  • Identify opportunities for process efficiencies across business areas
  • Perform peer reviews on the technical and qualitative analysis of peers


  •  University degree in Actuarial Science/Statistics or a related field
  • Must have completed a minimum of 7 exams of the Casualty Actuarial Society (FCAS preferred)
  • Must have 7+ years of Canadian P&C Insurance experience with a solid working knowledge of various actuarial areas such as DCAT, capital management, loss reserving, reinsurance and pricing
  • Ability to communicate actuarial concepts to a non-actuarial audience
  • Must have excellent communication and organizational skills


  • Must possess strong programming and design skills in various forms of data manipulation
  • A good working knowledge of the following software packages would be an asset:  Microsoft applications (Excel, Access, etc), Visual Basic for Applications, Oracle Hyperion, Oracle Smart View, SAS or R



Apply on our corporate careers website: To complete the online application process, you’ll need to upload your resume before you apply for the role you’re interested in. Please note that only one document can be uploaded, so be sure to combine your resume and cover letter.


Contact Information

Economical Insurance
519.570.8500 ext.42905