Careers

Reporting directly to the Vice President and Chief Actuary & Risk Officer, the Director, Pricing is accountable for the qualitative and quantitative analysis of the Corporation’s rates and rate structure. The Director works closely with the Product Development and Digital and Transformation teams on new products and model development as well as implementation of rates. The position attends the Public Utilities Board (PUB) for the annual General Rate Application to provide support and expert testimony at regulatory hearings.

The Director acts as an advisor to Executive Management on business strategy and conducts statistical research to support and bring forward changes to the business.   

• Determine actuarially sound rates for the Basic, Extension and Commercial lines of business. Provide a professional opinion (i.e. sign-off) on the appropriateness of these rates to the PUB.
• Collaborate with the key internal stakeholders to incorporate strategic, operational, and competitive requirements into the proposed rates.  
• Research and implement more sophisticated pricing techniques to be aligned with industry best practices within the guidelines of MPI values and vision
• Accountable for all pricing information that goes into the General Rate Application.
• Testify at the PUB rate hearings on behalf of the Corporation.
• Responsible for monitoring the Corporations exposure book of business and understanding the impact to the rates and rate models.
• Accountable for the design, maintenance, and output of the pricing models to ensure that they are within accepted actuarial practice.
• Responsible for management of an operating budget, participate in strategic planning, long term human resource planning, budgeting, and improvement initiatives.
• Responsible for hiring, performance management, and workforce planning.

• Fellow of the Canadian Institute of Actuaries.
• Fellow of the Casualty Actuarial Society.
•  Ten years of senior level experience in the casualty insurance industry, including:

• Five years at a management level.
• Five years of strategic involvement in rate setting and risk management.

• Strong knowledge of actuarial principles and associated tools and methodology.
• Superior experience in research and analysis, with the ability to interpret and synthesize complex data.
• Advanced capabilities in organizational skills with the ability to plan and manage multiple complex projects and tasks simultaneously.
• Exceptional oral and written communication skills, with the ability to clearly convey complex information in a concise and straightforward manner.
• Excellent interpersonal skills, with the ability to engage in public speaking and formal presentations.
• Advanced ability to work under pressure, meet deadlines and negotiate.
• Working knowledge of business computer applications and PC skills for document preparation and statistical/financial/cost benefit analysis.
• Working knowledge of applicable MPI legislation, regulations, policies, procedures and practices.