Actuarial Analyst III

About the role

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 an

Responsibilities

• Develop pricing strategies by market and product to reach growth and profitability objectives:
• Supervise analysis performed by analysts to develop detailed pricing strategies for each market and product based on actual claim experience and the organization's competitive positioning.
• Generate ideas in the development of strategies to accelerate profitable growth and supervise and execute their implementation:
• Pricing strategies that will create a competitive advantage;
• Initiatives to improve our customer segmentation in order to reach objectives, taking into consideration competitive and regulatory constraints;
• Identify above-average profitability customer segments for the purpose of targeted marketing efforts;
• Development of models for evaluation and measurement of customers' price elasticity and behaviors.
• Provide support to obtain necessary approvals from regulatory boards;
• Prepare rate change documents according to mandated standards as required by rating boards for pricing changes;
• Answer questions received from regulators during the revision process;
• Support negotiations with regulatory instances to obtain rate change approvals.
• Support and supervise analysts within the team
• Establish and maintain relationships with our partners and liaise with internal and external stakeholders
• Support our business partners for pricing related issues
• Job Requirement:
• Over five years of actuarial experience in Property & Casualty
• Bachelor's degree in actuarial sciences or related field
• Fellow of the Casualty Actuarial Society (FCAS) designation obtained or in the process of being awarded
• Excellent knowledge of Excel
• Knowledge of SQL and R programming language
• Leadership and strong aptitude for team work
• Ability to develop and empower top talent
• Customer-centric
• Ability to communicate effectively in French and English, both verbally and in writing, across all levels of the organization
• Ability to work effectively during demanding periods and take difficult decisions
• Autonomous and perseverant; shows initiative and creativity
• Advanced analytical and problem-solving skills
• Recognized for their thoroughness and the quality of their work

Additional Information

Work Location: Toronto, Ontario, 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: GI Pricing oversees the overall pricing strategy of general insurance products that aligns with TD Insurance's business objectives in compliance with jurisdictional premium regulations. Pricing is a determining component of our home and auto insurance products that cater to direct and affinity markets. Reporting to the Pricing Manager, the Senior Actuarial Analyst plays a key role in the end-to-end development of pricing strategies and rate changes. The Senior Analyst contributes to the on-going and future success of the company may it be through the establishment of pricing strategies for all products and all insurers for a given region, the development of models, methodologies and tools, the monitoring and measurement of rate levels and effectiveness though rate-indication activities, and/or the execution of planned pricing and business initiatives utilizing best governance practices.

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