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Economical Insurance

Senior Actuarial Analyst – Reserving

Canada-Ontario-Toronto

open to Toronto and Waterloo applicants Posted Apr 067433-1569012

Company Information

WHY ECONOMICAL?


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, Reserving & Financial Reporting, you are responsible for the valuation and reporting of policy liabilities, reporting on claim trends, and supporting other departments like Pricing, Finance, and Risk Management in their processes by providing inputs on claims experience and related financial trends.

KEY ACCOUNTABILITIES

  • Emphasis on learning various actuarial operations and the insurance business, such as underwriting, claims handling, and financial reporting;
  • Leverage professional experience with spreadsheets, databases, and statistical software to compile and categorize data used in valuation and related analyses
  • Communicate actuarial concepts and make recommendations to Actuarial management both verbally and in writing with supporting documentation;
  • Produces various data exhibits and analysis relating to measuring, tracking, and monitoring company and industry performance;
  • Independently respond to routine requests of internal and external stakeholders related to standard reports and processes;
  • Perform peer reviews on the technical and qualitative analysis of peers and more junior staff.

JOB REQUIREMENTS

  • University degree;
  • Must have completed 4 to 6 exams of the Casualty Actuarial Society;
  • Must have 2 to 5 years of relevant full time experience, preferably in reserving;
  • Must have excellent communication and organizational skills.

TECHNICAL COMPETENCIES

  • Must possess strong programming skills, including knowledge of SAS and efficient use of Microsoft applications (Excel, Access, VBA, etc.). Knowledge of ResQ will be an added advantage

 

HOW TO APPLY

 

Apply on our corporate careers website: https://www.economical.com/en/careers. 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.

 

We’re looking for candidates who are on top of their game. Find out what it’s like to work at Economical: https://youtu.be/C2mu-vLY_0Q


Contact Information

Economical Insurance
519.570.8500 ext.42905