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About the Role

The Senior Actuarial Analyst plays a key role in the end-to-end development of pricing strategies and rate changes for general insurance products. This role contributes to the company's success through establishing pricing strategies, developing models, monitoring rate levels, and executing pricing initiatives.

Responsibilities

• 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.
• Identify above-average profitability customer segments for the purpose of targeted marketing efforts.
• Develop 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.
• 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.

Requirements

• Over five years of actuarial experience in Property & Casualty.
• Bachelor's 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.
• Knowledge of SQL and R programming language.
• Leadership and strong aptitude for team work.
• Ability to develop and empower top talent.
• Customer-centric.
• Ability to communicate effectively in French and English, both verbally and in writing, across all levels of the organization.
• 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.

Skills

• Excel
• SQL
• R programming language
• Leadership
• Team work
• Customer-centric
• Communication (French and English)
• Decision making
• Initiative
• Creativity
• Analytical skills
• Problem-solving skills

Location

• Toronto, Ontario, Canada

Work Type

• Full-time

Experience Level

• Senior

Education Level

• Bachelor's degree in actuarial sciences or related field
• Fellow of the Casualty Actuarial Society (FCAS) designation

Salary/Compensations

• 100,000 - 130,000 CAD
• This role is temporarily eligible for a pay premium above the posted salary range that is reassessed annually.
• The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.

Benefits

• Health and well-being benefits
• Savings and retirement programs
• Paid time off
• Banking benefits and discounts
• Career development
• Reward and recognition programs
• Training programs
• Competitive benefits plan

About the Company

• As part of TD Bank Group, one of Canada's largest financial institutions, at TD Insurance, we care for Canadian families, making it easy to get the best advice, protection, and support in their moments of need, always.
• TD Insurance offers a wide range of products, including General Insurance and Life and Health.
• Everyday, we strive to make every interaction, product and experience remarkably human and refreshingly simple for more than four million customers who count on us.

Equal Opportunity

• TD is committed to providing fair and equitable compensation opportunities to all colleagues.
• Growth opportunities and skill development are defining features of the colleague experience at TD.
• We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals.
• Here at TD, we hire and develop the best.
• 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.