The full-time position of Senior Actuarial Analyst-Pricing at TD Insurance supports the GI Pricing and Profitability team in the Data & Analytics division. Developing pricing strategies, performing actuarial analysis, and increasing profitability across personal insurance products are the main goals of the role. Depending on actuarial experience, credentials, geography, technical abilities, and employer compensation, senior actuarial analysts in Canada can normally make between CAD $80,000 and $110,000 annually. Benefits, including health insurance, retirement plans, paid time off, professional growth, and performance-based incentives, may also be included in the position.
Implementing pricing models, analyzing insurance data, preparing regulatory submissions, and coaching less experienced actuarial analysts are all part of your daily tasks. While keeping up with cross-functional teams, you’ll contribute to pricing optimization, governance-related initiatives, and even Usage-Based Insurance (UBI) plans. This may involve a lot of coordination, emails, and fast check-ins.
In addition to a team-oriented workplace, TD Insurance provides clear professional advancement opportunities, robust benefits, and continuous development initiatives. Additionally, there is the chance to work on strategic pricing initiatives that actually impact business outcomes in practice as well as on paper.
Details of Senior Actuarial Analyst Job:
- Company Name: TD Insurance
- Location: Canada
- Salary: $80,000 to $110,000 per year
- Job Type: Full-time
Job Description:
- At TD Insurance, the full-time position of Senior Actuarial Analyst-Pricing is for the GI Pricing and Profitability group.
- By developing pricing plans and performing actuarial analysis that genuinely aids in decision-making, this function supports the team. The concept consists of a combination of model work, profitability evaluations, regulatory compliance, and governance follow-ups to maintain alignment.
- The position is posted in Montréal and Toronto, but candidates from Québec City may also have potential hybrid opportunities.
- Pricing optimization, profitability analysis, regulatory responsibilities, and governance activities are the main focus of this function daily.
- In addition to supporting product development in a more realistic, “from concept to numbers” manner, you will collaborate with business stakeholders to improve insurance pricing strategies.
Responsibilities of Senior Actuarial Analyst Jobs in Canada:
- To facilitate business momentum and long-term profitability, review and improve pricing algorithms.
- Create and implement personal insurance product pricing strategies.
- Create and submit the necessary paperwork for the regulatory rate filing.
- Create pricing optimization models and offer suggestions for premium adjustments or improvements.
- Monitor the pricing strategy’s performance over time, then identify areas that could use improvement.
- Examine the performance of the Risk Sharing Pool and offer reasonable pricing recommendations.
- When necessary, review and update profit-sharing plans and affinity group discounts.
- Encourage the creation of business cases, their implementation, and the practical realities of product pricing initiatives.
- Participate in governance activities like pricing fairness programs and FSRA accreditation.
- Monitor Usage-Based Insurance (UBI) trends and make necessary adjustments to your pricing plan.
- Provide technical advice, coaching, and review assistance to junior actuarial analysts.
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Requirements for Senior Actuarial Analyst Jobs in Canada:
- A university degree in actuarial science or a closely connected discipline is essentially required. Additionally, passing both the CAS and at least the SOA P and FM exams.
- Actuarial pricing for at least five years, or something similar. It is essential to have a strong working understanding of Microsoft Excel.
- It is also expected that you have programming experience with R and SQL. In addition, you should have strong analytical abilities, strong communication skills, and teamwork abilities.
- Additionally, you must be at ease working independently while maintaining initiative and a certain level of creativity.
- Experience in predictive modeling is highly valued, and earning an FCIA or FCAS accreditation is regarded as a good perk.
Benefits of Senior Actuarial Analyst Jobs:
- Competitive Salary: Depending on their location, experience, actuarial credentials, and technical abilities, senior actuarial analysts can make a good living.
- Career Advancement: Possibilities to advance to director, senior manager, actuarial manager, or other leadership roles.
- Professional Development: Employers may fund continuing education, training courses, certifications, and actuarial tests.
- Actuarial Exam Support: For professional actuarial qualifications, some employers offer study time, reimbursement for exam fees, and other benefits.
- Health Benefits: Medical, dental, vision, and extended health coverage may be included in employment packages.
- Retirement Benefits: Employer contributions, retirement savings plans, and pension plans are available to qualified workers.
- Paid Vacation: Statutory holidays, paid time off, and other relevant leave benefits are normally granted to full-time employees.
- Bonus Opportunities: Performance-based bonuses or other incentives are available for some actuarial roles.
- Experience with Data and Analytics: Gain proficiency in statistical modeling, financial forecasting, predictive analytics, and data analysis.
- Pricing Expertise: Get useful experience creating insurance pricing plans and evaluating profitability.
- Job Stability: The insurance and financial services sectors in Canada value actuarial and insurance analytics expertise.
- Hybrid Work Options: Flexible or hybrid work arrangements are available in many corporate actuarial positions.
- Cross-Functional Exposure: Collaborate with underwriting, finance, claims, data science, product, and business strategy departments to gain cross-functional exposure.
- Significant Business Impact: Assist companies in making more profitable, risk-reduction, and pricing decisions.
- Transferable Skills: Careers in insurance, banking, consulting, and financial services can benefit from expertise in actuarial analysis, statistical modeling, financial analysis, and risk assessment.
How to Apply:
Use the application link above to access the official TD Careers website, where you can submit your application. You should apply as soon as you can because applications are accepted on a rolling basis.
Frequently Asked Questions:
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What does a Senior Actuarial Analyst do?
Analyzing insurance data, creating pricing models, assessing risks, keeping an eye on profitability, and assisting with business choices are all tasks performed by a senior actuarial analyst. Report preparation and collaboration with pricing, underwriting, finance, and data analytics teams may also be part of the job.
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What is the salary for Senior Actuarial Analyst jobs in Canada?
Depending on experience, actuarial credentials, geography, technological skills, and company, senior actuarial analysts can normally make between CAD $80,000 and $110,000 annually.
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What skills are needed for Senior Actuarial Analyst positions?
Statistical analysis, actuarial modeling, data analytics, insurance pricing, risk assessment, financial analysis, programming, problem-solving, and communication are all crucial competencies.
