Senior Actuarial Analyst - Pricing

Work Location:
Montréal, Quebec, Canada

Hours:
35

Line of Business:
Data & Analytics

Pay Details:
100 000$/$100,000 - 130 000 $/$130,000 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:

We are excited to be expanding our presence in Québec City with a new office opening in the near future. In the interim, candidates based in Québec City are welcome to apply and may work remotely until the office becomes operational. Once the office is established, the role is expected to align with a hybrid working model based out of Québec City.

DEPARTMENT OVERVIEW

The GI Pricing and Profitability team is expanding, and many new positions are now available! Our team is crucial in maintaining the company's financial health and competitive edge. By leveraging data analysis, actuarial science, and market research, we ensure profitability while offering fair and attractive rates that comply with provincial regulations. This growth offers incredible opportunities for career advancement, exposure to diverse projects, and the chance to be part of a transformative journey.

POSITION OVERVIEW

Multiple Senior Actuarial Analyst positions are available within the GI Pricing and Profitability team. As a Senior Analyst, you will focus on implementing pricing strategies and coaching junior actuaries to achieve business objectives. Reporting to the Actuarial Manager, the Senior Analyst is expected to demonstrate subject matter expertise, work autonomously, and play a key part in executing the team's strategic direction

RESPONSIBILITIES

1. Regional Auto (ON, QC) or Residential Pricing

• Review and update of pricing algorithm to support business objectives toward profitability and growth
• Generate ideas in the development of strategies to accelerate profitable growth and execute on their implementation
• Submit filing documentation and support to regulatory bodies where required

2. Pricing Optimization

• Implement pricing optimization strategies across personal lines
• Build and apply models and optimization techniques to recommend premium adjustments
• Track and report on the performance of deployed strategies, identifying areas for improvement

3. Risk Sharing Pool (RSP) Strategy and Performance

• Assist in centralizing and optimizing RSP cession strategy at a national level
• Support the achievement of financial objectives for each pool
• Analyze cession results and pool performance, providing recommendations for optimal outcomes

4. Affinity Market Group (AMG)

• Continuously review and update group discounts to support affinity-related pricing and business objectives
• Monitor affinity group profitability to inform pricing decisions
• Review and update profit-sharing strategies to support AMG regulatory and contractual requirements

5. Initiatives & Governance

• Support internal product and pricing initiatives from the initial business case to rate filings
• Support the development and adherence to pricing controls, ensuring proper governance

6. FSRA Accreditation

• Support cross functional project aimed at further developing and maintaining proper governance in line with FSRA's expectation for upcoming accreditation process
• Contribute to the development of our Bias and Fairness pillar to ensure our pricing strategies reflect these principles

7. Usage Based Insurance (UBI) Pricing

• Support monitoring of UBI driving patterns and competitive trends
• Contribute to the continuous improvement of the UBI pricing strategy

JOB REQUIREMENTS

• University degree in Actuarial Science or related field with minimum SOA (P, FM) and CAS exams completion
• 5+ years of related experience
• Excellent knowledge of Excel
• Proficiency and interest for programming, notably with SQL and R
• Strong aptitude for team work
• Autonomous and resilient; shows initiative and creativity in their work

PREFERRED QUALIFICATIONS

• Prior experience with predictive modeling
• Working toward FCIA/FCAS designation

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):
*Remarque: Étant donné que cet affichage concerne de futurs postes vacants et qu'il servira a pourvoir de nombreux postes aux exigences comparables a l'avenir, nous invitons les candidats bilingues et francophones a poser leur candidature. Lorsqu'un poste sera a pourvoir, une évaluation des besoins en matière de langue sera effectuée pour déterminer si la connaissance d'une autre langue que le français est exigée.