The Insurance Analytics team is responsible for providing a variety of analytics across the Insurance & Working Capital Solutions Group (IWCS). They are responsible for supporting the performance and integrity of all programs within IWCS. Their responsibilities include the development and maintenance of credit and pricing models, business analytics and forecasting. These activities are undertaken with a view to providing market-driven insurance solutions to meet the needs of the Canadian trade community.
• Provide an actuarial service covering all aspects of business and financial control
• Provides underwriting statistics and recommendations on the adequacy of premium rates and rating methods
• Reviews premium rates/rating methods and provides input to the business plan of the actuarial function
• Involved in general strategic business planning, recommendations and advice on adequacy of reinsurance levels and cover
• Depending on the team's needs, provide (non-actuarial) modeling support.
Key Responsibilities Quantitative Analyst:
• Responsible for the actuarial analysis and pricing of products across the guarantee and insurance product groups
• Develops, enhances and maintains portfolio management tools (e.g. pricing and scoring models) and related applications for the quantification and management of financial risks
• Responsible for the measurement of the financial performance of pricing and automation strategies
• Responsible for independently gathering, examining and analyzing data, writing technical specifications for data manipulation methodologies, producing clear and concise reports, graphs, summaries and recommendations
• Communicates quantitative findings and complex subject matter, both verbally and in writing, in a fashion that is concise and tailored to both technical and non-technical audiences
• Develops and documents standards and processes relevant to the development, testing, validation, calibration and usage of the models for all IWCS product groups
• Provides training and support to all direct and indirect users of the models as necessary
• Proactively identifies opportunities to make improvements to models, policies and processes that are consistent with team and corporate goals
Senior Quantitative Analyst: In addition to the above responsibilities:
• Take a lead role in the responsibilities listed above and perform them at an advanced/expert level
• Provide oversight and coaching to more junior employees
• Be expected to independently manage the non-standard requests that come to the team
• Completed an Undergraduate Degree in Actuarial Science, Mathematics, Finance, Statistics or in a related field
• For Quantitative Analyst role:
o Completed 3-6 exams of either the Casualty Actuarial Society (CAS) or the Society of Actuaries (SOA)
o Minimum 5 years’ experience in actuarial analysis and risk management
• For Senior Quantitative Analyst role:
o Completed 6-9 exams of either the Casualty Actuarial Society (CAS) or the Society of Actuaries (SOA)
o Minimum 7 years’ experience in actuarial analysis and risk management
• Advanced MS-Excel capabilities
• Advanced knowledge of accounting, finance and actuarial principles and practices
• Advanced programming knowledge and experience in the management and manipulation of large and complex data files (R, VBA, SAS/SQL, etc.)
• Team player, with strong interpersonal, problem solving and communication skills
• Fluent in English (written and oral)
• Bilingual in both official languages (French and English)
• Analytics related skills (data sourcing, manipulation, modeling and interpretation)
• Financial or accounting designation
• Pursuit of actuarial designation under way (FCIA, FCAS or FSA with a focus on General Insurance or Enterprise Risk Management)
• Experience communicating with and influencing decisions at a senior management level
Salary Range Quantitative Analyst:
• $86,000 - $128,000 plus performance based incentive
Senior Quantitative Analyst:
• $102,000 - $154,000 plus performance based incentive
How to apply
Only candidates selected for an interview will be contacted.
Application deadline: November 17, 2017, 11:59 p.m. EST on www.edc.ca/careers
EDC is committed to employment equity and actively encourages applications from women, Aboriginal people, persons with disabilities and visible minorities. If selected for an interview, please advise us if you require special accommodation. Candidates must meet the requisite government security screening requirements.
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