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Actuarial Analyst III

Montreal, QC
Part Time
3 days ago

Workplace Model

Pay Details

We're committed to providing fair and equitable compensation to all our colleagues. As a candidate, we encourage you to have an open dialogue with your recruiter and ask compensation related questions, including pay details for this role.

Department Overview

TD Insurance is part of TD Bank Group, one of Canada's largest financial institutions. TD Insurance helps protect clients from the 'accidents of life' with a wide range of products including credit protection, life, health, travel, home and auto insurance. With more than three million clients, TD Insurance authorized products and services are available online, over the phone, and through a network of more than 1,000 TD Canada Trust branches.
In Canada, we have two lines of business, General Insurance and Life and Health. Our General Insurance business is one of the top home and auto insurance groups in Canada and the national leader in group insurance and affinity marketing. Our Life and Health business is the number one provider of critical illness insurance and direct life and health insurance in Canada.
At TD Insurance, we are committed to fostering an inclusive, accessible environment. With a Canada-wide workforce of over 4,000 employees and offices in Atlantic Canada, Quebec, Ontario and Alberta, our company is always growing and can help you to grow. TD Insurance offers a stable and dynamic work environment where talent is appreciated and professional development is taken seriously. More than just a job, we offer rewarding careers.

Job Details

GI Pricing oversees the overall pricing strategy of general insurance products that aligns with TD Insurance's business objectives in compliance with jurisdictional premium regulations. Pricing is a determining component of our home and auto insurance products that cater to direct and affinity markets.
Reporting to the Pricing Manager, the Senior Actuarial Analyst plays a key role in the end-to-end development of pricing strategies and rate changes. The Senior Analyst contributes to the on-going and future success of the company may it be through the establishment of pricing strategies for all products and all insurers for a given region, the development of models, methodologies and tools, the monitoring and measurement of rate levels and effectiveness though rate-indication activities, and/or the execution of planned pricing and business initiatives utilizing best governance practices.

•Develop pricing strategies by market and product to reach growth and profitability objectives:
•Supervise analysis performed by analysts to develop detailed pricing strategies for each market and product based on actual claim experience and the organization's competitive positioning.
•Generate ideas in the development of strategies to accelerate profitable growth and supervise and execute their implementation:
•Optimization of our cession strategies to the Risk Sharing Pools;
•Pricing strategies that will create a competitive advantage;
•Initiatives to improve our customer segmentation in order to reach objectives, taking into consideration competitive and regulatory constraints;
•Identify above-average profitability customer segments for the purpose of targeted marketing efforts;
•Development of models for evaluation and measurement of customers' price elasticity and behaviors.
•Provide support to obtain necessary approvals from regulatory boards;
•Prepare rate change documents according to mandated standards as required by rating boards for pricing changes ;
•Answer questions received from regulators during the revision process;
•Support negotiations with regulatory instances to obtain rate change approvals.
•Implement and upkeep best practices and controls to mitigate risk in addition to applying and updating existing processes, policies and procedures;
•Support the implementation of approved rate changes;
•Ensure that appropriate measures are in place to confirm the accurate pricing of all issued policies (compliance and reputational risks).
•Support and supervise analysts within the team
•Establish and maintain relationships with our partners and liaise with internal and external stakeholders
•Support our business partners for pricing related issues

Job Requirements
What can you bring to TD? Tell us about your most relevant experience, credentials and knowledge for this role, as well as these requirements and desired attributes:

•Over five years of actuarial experience in Property & Casualty
•Bachelor degree in Actuarial Sciences or related field
•Fellow of the Casualty Actuarial Society (FCAS) designation obtained or in the process of being awarded
•Excellent knowledge of Excel
•Proficiency and interest for programming, notably SQL and R
•Predictive modeling is a large asset
•Leadership and strong aptitude for team work
•Ability to develop and empower top talent
•Ability to communicate effectively in English, both verbally and in writing. French is an asset
•Ability to work effectively during demanding periods and take difficult decisions
•Autonomous and perseverant; shows initiative and creativity
•Advanced analytical and problem-solving skills
•Recognized for their thoroughness and the quality of their work

Proficiency in Other than French
This position requires proficiency in a language other than French to support or deal with employees or colleagues who require services and support in a language other than French.

Additional Information

Company Overview
Our Values
At TD we're guided by our purpose is to enrich the lives of our customers, communities and colleagues, and share a set of values that shape our culture and guide our behavior. In exchange for how our colleagues show up to help TD succeed, we are committed to delivering a colleague experience grounded in Impact, Growth and a Culture of Care. No matter where you work across TD, we empower you to make an impact at work and in your community, explore and grow your career and be part of our caring and inclusive culture.

Making Your Well-being a Priority
A supportive culture that promotes colleague well-being is core to who we are. At TD, we focus on total well-being with extensive programs to help colleagues assess, manage, and improve their well-being across four core pillars - physical, financial, social and mental/emotional. In addition, we champion a safe and inclusive work environment so colleagues feel a sense of belonging and feel supported in their personal and professional growth. Through our focus on well-being, we know that we can help our colleagues thrive, contribute to our culture of care, and support better business outcomes, because when colleagues feel their best, they're more likely to do their best.

Our Total Rewards Package
Our Total Rewards package reflects the investment we make in our colleagues to help them, and their families achieve their well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits including medical, dental, vision & mental health coverage, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs.

How We Work
At TD, we believe in-person connections fuel collaboration and collective creativity. Our workplace experience empowers colleagues to do great work side-by-side at TD locations, while offering flexibility to work remotely where it makes sense for the work and team. Our teams work in one of three workplace models: Hybrid, Onsite and Primarily Remote. Wherever our colleagues are working, they'll always have access to the TD community and experience our culture of care.

Who We Are
TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.
TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you've got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we're here to support you towards your goals. As an organization, we keep growing - and so will you.

Our Commitment to Diversity, Equity, and Inclusion
At TD, we're committed to fostering an environment where all colleagues are encouraged to bring their authentic selves to work, experience equitable opportunities, and feel respected and supported. We're dedicated to building an inclusive workforce that reflects the diversity of the customers and the communities in which we live and serve.

Your accessibility is important to us. Please let us know if you'd like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.

How We're Helping Make an Impact in Communities
TD has a long-standing commitment to help drive progress towards a more inclusive and sustainable future. That's why we launched the TD Ready Commitment in 2018, now a multi-year North American initiative. Under the TD Ready Commitment, we are targeting a total of $1 billion by 2030 in community giving four key, interconnected drivers of change: Financial Security, Vibrant Planet, Connected Communities, and Better Health. It's our goal to help support change, nurture progress, and contribute to making the world a better, more inclusive place for our customers, colleagues, and communities.

We look forward to hearing from you!
Banking, Finance and Insurance