Actuarial Manager – Full Time, PermanentLocation: Regina Head Office (hybrid work option available) Salary range: $109,052 – $162,859 (after verification of education, experience, and completed exams sponsored by the Casualty Actuarial Society or Canadian Institute of Actuaries) Key ResponsibilitiesActuarial ManagementManage actuarial investigations and communicate actuarial and technical considerations for actuarial projects. Ensure effective collaboration of the team with product management, finance, corporate underwriting, corporate claims, and operational teams to understand issues and recommend solutions. Present results of analyses and own work to SGI management. Enhance machine learning model building capabilities within the team. Work with regulators to ensure compliance and advocate for decisions in SGI's favor. Develop actuarial skills and acumen of self and others at SGI. Consider impacts of actuarial changes on other divisions and communicate changes and reasons proactively. Manage timelines for larger projects with multiple stakeholders. Ensure methodologies used conform with actuarial standards of practice in Canada. Interpret new guidance and regulatory changes, identify opportunities, and educate the team. Review work of the team and peers and provide feedback and coaching. Actuarial Modeling & AnalyticsLead a team that uses modern modeling software to develop, modify, validate highly complex statistical and actuarial models. Gather, manipulate, and validate large amounts of information to solve actuarial business problems. Use sophisticated modelling and statistical techniques to creatively solve complex problems. Manipulate and structure data to derive in‑depth insights using spreadsheets, databases, and actuarial software. Perform actuarial analyses to evaluate risks and propose alternatives and mitigations. Direct development of solution recommendations for complex issues and deliver results to senior management and stakeholders. Ensure development, validation, and maintenance of actuarial reports to meet business needs. Direct development of complex end‑to‑end processes and identify improvements to actuarial processes. PricingProvide insight and research on solutions for effectively pricing products. Manage development of rating, classification systems and processes for new and existing products. Provide input on structure and pricing of new rating classes or changes to classes and coverages. Ensure profitability through setting rates using actuarial pricing methodologies and competitive strategies. Work with pricing team to analyze, research, develop, and recommend improvements to actuarial rating models, analyses, and rating plans. Assess implications of coverage changes on product performance. Enhance insurance pricing models and assess model assumptions. Oversee completion and submission of regulatory rate filings and provide guidance on filings. Make pricing decisions around assumptions, methods, tools, and approaches. Conduct detailed actuarial analyses, communicate results, and make recommendations to stakeholders. Manage development of rate indications and relativity analyses. Analyze and monitor key performance indicators of portfolio and report to leadership. Ensure correct rates are implemented. Gather and compile data required to solve business problems of retention, growth, profitability, and competitive positioning. Oversee development and maintenance of tracking reports for new rating structures. Fine‑tune new rating structures based on tracking and feedback. People LeadershipBuild a high performing workforce through human resource activities. Ensure development of divisional succession plans. Build a culture of leadership and accountability to deliver strategic and corporate strategies. Drive performance and commit to leadership development across the company. Support employees and workforce readiness through mentoring, training, and developmental opportunities. Corporate ManagementEnsure programs and policies align with corporate, strategic, and divisional strategies. Manage risk in area of authority. Prepare, review, manage, and approve departmental/divisional budgets. Prepare decision requests and SGI board items. Apply Health, Safety and Emergency Management Policy and manage related program components. Make efficient, effective decisions for departmental operations. Ensure compliance with federal and provincial legislation and regulations. Establish and maintain internal control systems for reliable financial reporting. Education & ExperienceA four‑year degree in a relevant field such as Mathematics or Applied Science. ACAS (Associate of the Casualty Actuarial Society) or ACIA (Associate of the Canadian Institute of Actuaries). FCIA (Fellow of the Canadian Institute of Actuaries) or FCAS (Fellow of the Casualty Actuarial Society) preferred. Eight years’ experience, including four years leadership and four years in an actuarial role in the applicable product line. Knowledge, Skills and AbilitiesKnowledge of actuarial methods, statistics, and assumptions used in ratemaking and reserving. Knowledge of systems, programming, database structures, logic, and use of data science and statistical tools such as SAS, R or Python. Knowledge of applicable insurance industry and insurance product features. Knowledge of regulatory filing requirements and compliance. Knowledge of advanced actuarial concepts/methods within the core discipline. Knowledge of loss distributions, quantitative modeling, and simulation techniques. Knowledge of financial analysis methods, measures, and risk management. Knowledge of machine learning techniques. Strong quantitative and qualitative analytical capabilities, critical thinking, and attention to detail. Ability to present and communicate results of analyses to non‑technical audiences at all levels, including executive level. Ability to persuade and influence decisions. Equal Opportunity StatementAt SGI, we are committed to a workplace where people feel respected, valued, and able to contribute fully. Through fair, consistent, and transparent people practices, we attract skilled talent with varied lived experiences and offer meaningful work, opportunities for growth, and a strong sense of belonging. Our commitment to reconciliation includes inclusive hiring practices that create meaningful opportunities for Indigenous peoples and support a workforce reflective of the communities we serve.#J-18808-Ljbffr
Manager, Actuarial (Pricing)
SASKATCHEWAN GOVERNMENT INSURANCE
regina, regina
Published 7 days ago
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