Actuarial Analyst II

Job summary

The role involves developing and maintaining actuarial pricing models and performing advanced analyses to drive profitable growth. The analyst will also monitor portfolio performance, interpret statistical model results, and provide actionable insights to leadership.

Job details

COMPANY PROFILE: Red River Mutual is a progressive insurance company with a focus on our customers and employees. We believe everyone has a right to feel safe and protected, and to know that someone is looking out for them. So, we treat our employees like family members – we will be honest with them, support them, offer a listening ear, admit when we are wrong and be a positive force in their lives and in our communities. LOCATION: Altona-MB; Winnipeg-MB; Remote. SCHEDULE: Full-Time REPORTS TO: Actuarial Pricing Manager DIRECT REPORTS: N/A PURPOSE OF POSITION: This position will play a key role in supporting the organization’s pricing strategy and actuarial initiatives as we continue to build in-house expertise. The successful candidate will contribute to the development and maintenance of pricing models, perform advanced actuarial analyses, and provide insights that drive profitable growth while minimizing adverse customer impact. IS THIS ROLE FOR YOU? You want to apply your expertise to support a growing organization You like challenging the status quo in actuarial pricing and analytics You enjoy working with a small tight-knit actuarial team You want to play a key part in developing the actuarial support for Red River Mutual KEY RESPONSIBILITY AREAS: Develop and maintain actuarial models, including rate indications and segmentation models for multiple lines of business. Perform periodic rate and pricing reviews for all lines of business; provide quality recommendations and assist with implementation when required. Maintain, modify, and validate predictive statistical models; interpret model results and communicate insights to leaders. Produce and analyze reports that monitor evolving trends in the book of business; recommend rating and underwriting actions based on observations. Contribute to developing management, financial, and actuarial data, models, or tools to support pricing and portfolio management. Develop and improve pricing algorithms and methodologies for products using modern modeling techniques. Research, extract, and manipulate complex data from relevant sources; identify relationships, issues, and assess data quality. Monitor portfolio performance and market competitiveness using trend analysis and external benchmarks to ensure pricing quality and penetration. Analyze historical and external data to uncover patterns and insights that support product improvement and development. Collaborate with business partners to provide actuarial support for new product development. Maintain and update portfolio health metrics of all company’s products. Provide guidance and support to new and junior analysts as needed, fostering knowledge sharing within the team. QUALIFICATION AND SKILLS: Minimum education of a university degree in Actuarial Mathematics, Statistics, Mathematics, or another related field of study. 3+ years of actuarial analysis experience in the insurance environment. Actively pursuing ACAS or FCAS designation Completion of a minimum of 4 casualty actuarial exams. Experience working with predictive analytic tools and techniques. Experience in Python and R would be considered an asset. Excellent written and verbal communication and interpersonal skills in business and user-friendly language. Process driven with ability to document, maintain and adhere to standards, procedures, and processes. Adaptable and flexible to changing business needs and priorities. Exceptional planning, organization, and prioritization skills. Highly motivated work ethic and able to be self-directed to complete tasks. High attention to detail and quality standards. We thank all applicants for their interest; however, only those selected for an interview will be contacted. Accommodation for applicants with disabilities is available upon request at any stage of the recruitment process. Accessible employment policies and alternative application formats are available upon request by contacting humanresources@redrivermutual.com or 1-800-370-2888 (toll free). As part of our hiring process, successful candidates will be required to complete a comprehensive background check. Where applicable, this may include a driver's abstract. Employment offers are contingent upon these requirements being met and may be withdrawn during the process if any of the requirements are not met to the Company’s satisfaction.

What you’ll do

The role involves developing and maintaining actuarial pricing models and performing advanced analyses to drive profitable growth. The analyst will also monitor portfolio performance, interpret statistical model results, and provide actionable insights to leadership.

Requirements

Candidates must have a university degree in Actuarial Mathematics, Statistics, or a related field and at least 3 years of actuarial experience in insurance. Applicants are required to have completed a minimum of 4 casualty actuarial exams and be actively pursuing an ACAS or FCAS designation.

Listed skills

• Quality assurance · Preferred
• Communication Skills · Preferred
• Python · Preferred

Other relevant skills

Identified from the job description. Confirm important requirements above.

• Actuarial modeling
• Pricing strategy
• Predictive statistical models
• Trend analysis
• Data extraction
• Data manipulation
• Portfolio management
• Python
• R
• Communication skills
• Rate indications
• Underwriting
• Financial modeling
• Market competitiveness
• Quality assurance
• Data Modeling
• Planning
• Management
• Self-Discipline
• Honesty
• Prioritization
• Strong Work Ethic
• Detail Oriented
• Algorithms
• Research
• Interpersonal Communications
• Python (Programming Language)
• Self-Motivation
• Portfolio Management
• Mathematics
• New Product Development
• Verbal Communication Skills
• R (Programming Language)
• Statistics
• Trend Analysis
• Pricing Strategies
• Process Driven Development
• Product Improvement
• Profitable Growth
• Statistical Modeling
• Actuarial Exams
• Data Quality Assessment

Job areas

• Finance & Accounting
• Data & Analytics
• Technology
• Actuarial Analyst
• Actuary
• Mathematicians, Actuaries and Statisticians
• Actuaries

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