Actuarial Specialist - Commercial Auto Product and Underwriting Strategy

Work Location:
Toronto, Ontario, Canada

Hours:
35

Line of Business:
Data & Analytics

Pay Details:
135 000 $/$135,000 - 160 000 $/$160,000 CAD

This role is temporarily eligible for a pay premium above the posted salary range that is reassessed annually. You are encouraged to have an open dialogue with your recruiter who can provide more specific pay details for this role.

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. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. 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.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description:

Reporting to the Commercial Automobile Product and Underwriting Strategy Senior Manager, the Actuarial Specialist will be a key contributor to the development and implementation of product and underwriting strategies to deliver premium and earnings goals and contribute to overall business objectives. This is an individual contributor role with enterprise influence, partnering closely with Product, Underwriting, and Operations to drive strategy and execution.

Key Responsibilities

Product Management and Underwriting Strategy

• Drive product management and underwriting strategy initiatives for Commercial Automobile Insurance, including evolving the product suite, optimizing underwriting levers, monitoring performance, identifying areas of opportunity and developing recommendations to ensure growth, profitability and legendary customer experience for Commercial Automobile.
• Optimize underwriting rules and processes, with an emphasis on straight-through processing while being consistent with organizational risk appetite.

• Develop and implement new products in Commercial Automobile to meet customer needs while staying in line with overall business objectives, risk appetite and regulatory changes. Includes new products offerings, endorsements and eligibility.
• Participate in cross-functional initiatives as a subject matter expert to help provide guidance for complex situations and to identify risk.

Portfolio Analysis and Monitoring

• Optimize underwriting rules and processes, with an emphasis on straight-through processing while being consistent with organizational risk appetite.
• Own end-to-end analytical deliverables from extracting and preparing data, applying statistics and analytics, supplementing with business acumen to translate data into meaningful insights.

• Monitor portfolio performance and adjust product offering and underwriting levers based on risk appetite, competitive market, and profitability.
• Quantify expected benefits and track realized outcomes for initiatives and projects.
• Translate complex analyses into clear insights and recommendations tailored to technical and executive audiences.
• Leverage market intelligence information on industry emerging trends, competitors and market information to support strategic decision-making.
• Lead, motivate and develop relationships with internal and external business partners and stakeholders to develop productive working relationships to identify areas of opportunity and build solutions for growth. Stakeholders including but not limited to UW Operations, Pricing, Acquisition, Business Enablement teams, and Personal Lines Products, Underwriting Strategy and Analytics Teams.
• Promote an in-depth understanding of Commercial Automobile products and customer segments, customer needs, competitive landscape and industry trends across the organization.

• Optimize underwriting rules and processes, with an emphasis on straight-through processing while being consistent with organizational risk appetite.
• Maintain a culture of risk management and control, supported by effective processes in alignment with risk appetite.

Experience & Education

• More than seven years of actuarial experience in Property & Casualty Insurance.
• Fellow of the Casualty Actuarial Society (FCAS) designation obtained or in progress.
• Bachelor's degree in Actuarial Sciences or a related field.
• General Insurance Product, Pricing and Underwriting experience is an asset.
• Commercial insurance knowledge is beneficial.
• Proficient in Excel.
• Proficiency in programming languages such as Python, SQL, R.

• Analytical mindset to quantify and solve business problems, uses sophisticated analytical thought process and to exercise judgement and identify solutions.

• Proficiency in programming languages such as Python, SQL, R.
• Demonstrated ability to translate analytics into product and underwriting decisions to drive meaningful outcomes.
• Strong problem-solving skills and the ability to make fact-based recommendations in a timely manner.
• Strong organization skills, with the ability to work in a fast-paced environment and manage multiple deadlines and priorities.

• Leadership qualities and strong teamwork skills.
• Client-focused with solid organizational and communication skills.
• Autonomous, perseverant, and demonstrate initiative and creativity.
• Recognized for thoroughness and quality of work.

Who We Are:

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.

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more

Additional Information:
We're delighted that you're considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we're committed to providing the support our colleagues need to thrive both at work and at home.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

Colleague Development

If you're interested in a specific career path or are looking to build certain skills, we want to help you succeed. You'll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.

If you're passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.

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.

Training & Onboarding
We will provide training and onboarding sessions to ensure that you've got everything you need to succeed in your new role.

Interview Process
We'll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation
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.

We look forward to hearing from you!

Language Requirement (Quebec only):
Ce poste n'exige pas la maîtrise d'une langue autre que le français.