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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 Description About this Role
The UBI Manager Pricing has to develop and maintain our usage-based insurance offer as well as to obtain regulatory approvals when needed to implement changes to our UBI pricing automobile program in all markets of TD Insurance - General Insurance in Canada. Another key responsibility is to build for the future by making sure to hire, retain and develop highly skilled professionals.
•Play a key role in establishing pricing objectives for each automobile market where UBI is available as part of planning process
•Contribute to the development and implementation of a new and improved UBI program
•Supervise analyses performed by the team to evaluate and forecast driving patterns and competitive trends of our UBI program
•Support the presentation of pricing objectives to various stakeholders and committees as part of the internal approval process
•Support the development of price optimization strategies to accelerate profitable growth of TD Insurance and hence creating a competitive advantage for TDI
•Supervise initiatives to improve our customer segmentation in order to reach TD Insurance objectives, taking into consideration competitive and regulatory constraints
•Prepare required documents by rating boards for pricing changes according to mandated standards
•Participate in the presentation of proposed changes to rating boards before review and answer questions from rating boards during the review
•Support negotiations with rating boards to obtain approvals in order to achieve planned profit and growth
•Implement best practices, risk mitigation, risk controls as well as process, policy and procedures for the actuarial function. Ensure maintenance of controls, policies and procedures
•Lead implementation of approved price changes:
•Team is responsible to work with information technology and quality assurance teams for implementation of all approved price changes
•Ensure appropriate measures are in place to secure pricing accuracy of all policies sold (compliance and reputational risks)
•Support communication of price changes:
•Client Advice Center: Explain new strategy to regional management team and present to insurance advisors
•Communication to clients: Support the client communication team in developing appropriate messaging to our clients following rate changes
•Support Risk Sharing Pools cession strategies
•Build for the future:
•Support recruiting strategy to hire best potential
•Develop talent of highly skilled team members
•Act as a coach and mentor for team members
•Provide development opportunities internally and externally
•Support the strategy of exporting actuaries in other departments
•Responsible for managing a team of people:
•Responsible for on-time delivery of projects
•Provide constructive and timely feedback
•Responsible for performance evaluation of all team members 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:
•7 years of experience in an Actuarial function (Property & Casualty)
•Associate of the Casualty Actuarial Society
•Previous leadership (with direct reports)
•Bachelor Degree in Actuarial Science
•Experience with Predictive Modeling is an asset
•Excellent Communication Skills
•Highly adaptable for having discussions with different stakeholders in terms of expertise, training and hierarchical position.
•Ability to work effectively during periods of stress and to make difficult decisions.
•Autonomous and perseverant; shows initiative and creativity in his/her work.
•Strong analytical and problem-solving skills Additional Information
#LI-Hybrid Flexible Work Options
At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live and serve. If you require an accommodation for the recruitment/interview process (including alternate formats of materials, or accessible meeting rooms or other accommodation), please let us know and we will work with you to meet your needs.
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