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Senior Actuarial Analyst, Commercial Pricing

Aviva7 days ago
Hybrid
Markham, ON
Senior Level

Top Benefits

Compelling rewards package including base compensation
Eligibility for annual bonus
Retirement savings

About the role

Individually we are people, but together we are Aviva. Individually these are just words, but together they are our Values – Care, Commitment, Community, and Confidence.

Aviva Canada Inc. has multiple excellent opportunities, both at the Actuarial Analyst level and Senior Actuarial Analyst level, in our Commercial Pricing team. The primary mandate of the team is to ensure profitable growth for the commercial book of business. As part of the team, you will be involved in reviewing our current price level, monitoring the performance of various regions / segments and on various business initiatives, projecting underwriting and claims experience, assessing the business impact of proposed initiatives, maintaining our actuarial SAS databases / programs and developing pricing tools for the business. Depending on your assignment, you will work closely with other members of the actuarial team, underwriters and data scientists to provide pricing support for our commercial products. You will have opportunities to work with operational managers and finance partners on some assignments that require collaboration between different departments.

Come join our team!

What you’ll do:

  • Review loss experience of the commercial business and prepare rate indications for various segments and lines of business.
  • Lead pricing reviews of various coverages and segments of the commercial business, including reviewing the rating algorithms and rate adequacy, analysing the business impact of the pricing changes, communicating the analytical results to the stakeholders / senior management and reaching an agreement on the rate actions.
  • Monitor the performance of the commercial portfolio and on various business initiatives, in order to identify key trends and recommend actions to the senior management and to the business to achieve profitability and growth targets.
  • Maintain and improve actuarial databases/SAS programs. Identify data issues and create actions to remedy them.
  • Support technical development required to build and maintain rating tools for the business.
  • Ensure Technical Pricing Standard is applied throughout the pricing work.
  • Act as a technical expert and work comfortably in a team environment, provide supports to peers in the team.
  • Communicate analytical results to both technical and non-technical audiences

What you’ll bring:

  • Strong mathematical and statistical background
  • Strong problem solving and analytical skills
  • Effectively and clearly communicate ideas/decisions
  • 2-4+ years of P&C actuarial experience
  • Proficient in programming; experiences in SAS, Python, Access, and VBA a plus
  • Passed at least 2 SOA/CAS exams

What you’ll get:

  • Compelling rewards package including base compensation, eligibility for annual bonus, retirement savings, share plan, health benefits, personal wellness, and volunteer opportunities.
  • Outstanding Career Development opportunities.
  • We’ll support your professional development education.
  • Competitive vacation package with the option to purchase 5 extra days off per year
  • Employee driven programs focused on gender, LGBTQ+, origins, diversity and inclusion
  • Corporate wellness programs to support our employees’ physical and mental health
  • Hybrid flexible work model

Please note that we may use AI tools to help us through the recruitment process. This is an existing position which has been posted both internally & externally.

Aviva Canada has an accommodation process in place to provide accommodations for employees with disabilities. If upon commencement of employment you require a specific accommodation because of a disability, please contact your Talent Acquisition Partner so that an appropriate accommodation can be arranged. This process applies throughout your career with Aviva Canada.

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