Upcoming Opportunities – Senior Actuarial Analysts, Team Leads and Data Scientists – Greater Toronto

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Job Title:
Upcoming Opportunities – Senior Actuarial Analysts, Team Leads and Data Scientists – Greater Toronto
Position ID:
J0219-0893
Job Type:
Permanent Full Time
Division:
Actuarial
Region:
Head Office
Job Category:
Actuarial
Number of Positions:
1
Closing Date:
30/06/2019

Keeping You Moving

RSA is one of the world’s leading multinational insurance groups with over 300 years of experience and over 20 million customers worldwide.Our people are committed to building a dynamic internal culture where our people love what they do and feel motivated to keep things moving – for customers, for their colleagues and as part of their own growth and development. In RSA, employing positive people is how we achieve success. You will be working in an environment that encourages you to do great work and you constantly will be faced with fresh challenges that have a direct impact on our business. We believe your personality and passion will keep RSA and our business moving forward. At RSA we have a culture that supports and rewards high performance with a competitive reward policy for top performers. Our rewards package includes competitive compensation, work / life balance, opportunities to learn and the chance to make a difference working for a worldwide industry leader.At RSA Canada, our purpose is to Make Life Better Together and we do that every day through our commitments to our people, our customers and our partners. We are committed to fostering an inclusive, fair, and accessible environment where every team member has the opportunity to reach their full potential and where everyone feels comfortable being their true selves. We hire on the basis of merit and we are committed to inclusive, barrier-free recruitment and selection processes, as well as equal access to training and promotion opportunities.

Position Overview:

The RSA Actuarial team is always on the lookout for top Actuarial talent. We are growing and looking for a variety of backgrounds to add to our diverse disciplined team. Our growth will be in Commercial Pricing, Personal Pricing, 17 (International Financial Reporting Standard), Economic Capital, Analytics, Data Science and Reserving. If your background and interests align to our any of areas of focus, we would love to learn a bit more about you.

Who you are

Your enthusiasm is infectious. You challenge the status quo. You find solutions to problems. You go the extra mile to exceed customers’ expectations. You get things done the right way. You represent our brand with passion and pride. You are a team player. You have fun and you make work fun for those working around you.

What you will achieve in this role

Commercial and Personal Lines Pricing:
• Develop new predictive models and incorporate machine learning techniques to be used for pricing and underwriting
• Create new and improve existing analytical tools and models;
• Contribute to proposals for new and innovative approaches for pricing, underwriting, portfolio management and product design based on statistical analyses, a solid understanding of P&C insurance products, and awareness of RSA business strategy;
• Update pricing assumptions used in rate indications, produce indicated overall rate level changes

Economic Capital:
• Parameterize, calibrate and run our Internal Model to project our future balance sheet given the business we have written in the past and are writing today. Interrogate the results to understand the capital requirements of our business and what is driving these requirements.
• Perform key tasks such as operational plan updates, stress and scenario testing, sensitivity testing, and updating our model each quarter to reflect changes in our balance sheet.
• Contribute to the development of our Internal Model with objectives of increasing usability and improving efficiency such that more focus can be given to analysis, increasing business engagement and integration with business decision making.

Analytics:
• Enhance analytical capabilities across the company through learning & implementing advanced analytical techniques and automation
• Produce and maintain existing analytical tools and reports for key business stakeholders, as well as create new and improve existing tools
• Collaborate within Analytics and also with other areas of business by discussing and sharing analyses and insights
• Support the ongoing improvement of data integrity and quality used in management information

Data Science:
• Develop new predictive models and incorporate machine learning techniques to be used for pricing, underwriting, portfolio management, claims analytics, and operations
• Ability to visualize and communicate modelling findings with various business units
• Continuous working with cutting-edge data science technology from data manipulation to predictive modelling
• Increase business and technical knowledge through frequent liaison and collaboration with colleagues in various business units

Reserving and IFRS17:
• Assist in the setting and monitoring of actuarial liabilities for all legal entities in RSA Canada by performing monthly, quarterly, and annual actuarial analyses of policy liabilities including data management, identifying anomalies or trends and addressing possible issues
• Assist in monthly, quarterly and annual financial reporting for unpaid claim liabilities and contribute to the development of new finance processes and reporting to maintain compliance with local and international reporting standards
• Increase business and technical knowledge through frequent liaison with colleagues throughout the business and the industry and use this in combination with the actuarial analysis carried out to add insight and understanding to our business
• Help develop our current reserving and finance processes and evolve them into an IFRS17 compliant status. Keep informed of any changes and developments in the standard so we can react accordingly.

What you bring to this role

• University or college degree in actuarial science, mathematics, statistics, or related field
• Excellent analytical, organizational, problem-solving, and documentation skills
• Skills range from technical computer use of Excel, Access, VBA, actuarial specialist software skills to proficiency with R and good knowledge of SQL, SAS and Python
• Experience in working with large data sets from various sources and formats
• Strong communication skills (both oral and written)
• Out-of-the-box thinker, striving for innovate solutions to business and analytic problems
• Uncompromising standards on technical expertise and integrity
• Ability and willingness to continuously expand knowledge and skills through efforts during and outside of work, with an emphasis on new technical developments as well as leadership techniques
• Some roles require working towards, or already received, an ACAS designation or equivalent as well as working towards Fellowship. However Data Science/Analytics roles do not have the requirement for previously mentioned designations.

Other Information

Applicants agree that by providing personal information in response to this ad, and otherwise in any recruitment process with RSA or its affiliated companies (the “Company”) such personal information may be retained and used for a period of one (1) year from the date of this application, for the purpose of consideration for employment opportunities which may arise during that time period, unless an applicant notifies the Company to the contrary.We thank all applicants. However, only those selected for an interview will be contacted.We invite you to learn more about us at our Career Site, www.rsagroup.ca, where you can apply on line. RSA group of Companies is strongly committed to diversity and welcomes applications from visible minority group members, women, Aboriginal persons, and persons with disabilities, members of the LGBT community, and others who may contribute to the further diversification of ideas.RSA group of Companies will provide reasonable accommodation for qualified individuals with disabilities in the job application process.If you have difficulty using our online application system and you need an accommodation due to a disability, please email AODA@RSAGROUP.CA or call us at toll free 1 (800)-855-0511. Please note this email is only for accommodation requests. Resumes sent to this email address will not be considered.

Applicants agree that by providing personal information in response to this ad, and otherwise in any recruitment process with RSA or its affiliated companies (the “Company”) such personal information may be retained and used for a period of one (1) year from the date of this application, for the purpose of consideration for employment opportunities which may arise during that time period, unless an applicant notifies the Company to the contrary.

Johnson is an equal opportunity employer. We thank all applicants for their interest. However, only those selected for an interview will be contacted.