Actuarial Analyst
Liberty Mutual Canada
- Toronto, ON
- Permanent
- Full-time
- Perform actuarial analysis for various business segments and make recommendations concerning pricing, reserving, and tiering of portfolios.
- Manage and participate in studies that underlie actuarial assumptions designed to improve risk selection, pricing, and reserve setting.
- Provide advice to underwriters on pricing, rates, and related matters, including the development and use of pricing models/tools, and business planning.
- Monitor and analyze financial results in order to communicate the impact of strategic and operational plans. Develop and revise strategic and tactical plans as necessary to meet corporate objectives and respond to environmental changes.
- Assist in quarterly and year-end reserving exercises.
- Identify data requirements for pricing and reserve analyses, pricing tools development, and financial reporting.
- Extract and manipulate data from various sources systems.
- Perform portfolio monitoring and profitability reviews.
- Monitor developments in latest actuarial techniques and trends in the insurance market.
- Assist in regulatory matters.
- Bachelor’s degree in mathematics or relevant discipline.
- 1 to 2 years of relevant experience.
- Preferably have first 4-5 CAS exams completed.
- Actively working towards ACAS and ultimately FCAS designation.
- Strong analytical skills with a solid interest in continuous learning and further developing actuarial techniques, standards, and assumptions.
- Strong interest and aptitude for data science, advanced mathematical statistical modeling, and predictive modeling
- Strong programming skills: Excel, Access, VBA, SAS, R, Python.
- Interest in Artificial Intelligence, Machine Learning, and their applications.
- Strong interest in developing knowledge of insurance operations and collaborations with Finance, Underwriting, Claims, Information Technology, Legal, and Marketing functions.
- Ability to establish and build effective relationships both internally and externally.
- Ability to work effectively both individually and as a team.
- Excellent oral and written communication skills.
- Ability to act as a mentor to junior actuarial students.