Actuarial Consultant-reserving
Job ID: 8995
Working Business Language: English; this role is considered a head-office role and will be required to communicate with internal stakeholders across Canada where the primary business language utilized is English
Salary: At Wawanesa, salary is only one component of a holistic, comprehensive and competitive offering that we provide to our employees. In addition to salary, full-time and part-time permanent employees are eligible for an annual bonus plan, leave of absence top-up programs and provided with generous vacation time, personal days, premium free benefits and pension plan.
The salary offered for this role is determined with consideration to various factors, including but not limited to: your work location, local labour market conditions, external market salary data, internal pay equity and the knowledge, skills, experience and anticipated proficiency in the role. The salary offered is estimated to be within the following range: $110,000- $150,000. Candidates with salary expectations outside of the range are still encouraged to apply.
About Us
At Wawanesa, we're proud to offer a hybrid work environment that offers flexibility to our employees in balancing in-office (2 days per week OR 15 hours per week in a Wawanesa office) and remote work. You may work from any of the following locations: Winnipeg, MB; Wawanesa, MB; Vancouver, BC; Calgary, AB; Edmonton, AB; Lethbridge, AB; Toronto, ON; Kitchener, ON; Thunder Bay, ON; Ottawa, ON; Montreal, QC; Moncton, NB; Dartmouth; NS
The Wawanesa Mutual Insurance Company ("Wawanesa Mutual"), founded in 1896, is one of Canada's largest mutual insurers, with over $3.5 billion in annual revenue and assets of $10 billion (CAD). Wawanesa Mutual, with its National Headquarters in Winnipeg, is the parent company of Wawanesa Life, which provides life insurance products and services throughout Canada, and Western Financial Group, which distributes personal and business insurance across Canada. Wawanesa proudly serves more than 1.7 million members in Canada, and we are home to more than 3,600 employees distributed across the Canadian regions and communities where we operate. We give back to organizations that strengthen communities, donating more than $3.5 million annually to charitable organizations, including over $2 million annually in support of people on the front lines of climate change. To learn more visit wawanesa.com.
We are currently looking for dedicated, driven, and enthusiastic individuals who thrive in an environment that welcomes change and are looking for an opportunity for diverse experience and advancement on a growing team.
Job Overview
As a member of our Reserving function, you will lead the completion of high-quality valuation analysis, as well the financial and regulatory reporting of our actuarial reserves. Your focus will be on deriving insights from this analysis and communicating these to our key stakeholders. In addition, you will prioritize improving the sophistication of our actuarial financial reporting through process enhancements, automation, data manipulation, reporting capabilities, and advancement of our reserving techniques. Providing contributions to the actuarial group based on your knowledge from the actuarial exam system, as well as your prior relevant academic and work experience is expected. You will be a mentor and coach for actuarial analysts while working through complex analysis in the pursuit of solving business problems and answering business questions.
Note: We are open to Senior Consultant or Consultant level
Job Responsibilities
Analytical
- Extracts, and manipulates complex data from relevant sources, and assesses data quality
- Supports the business and overall team by performing analyses/reviews and completing ad-hoc requests/special projects in a timely manner with minimal support from peers and leaders
- Evaluates procedures and processes, and recommend alternatives or improvements
Process Improvement/Efficiency
- Evaluates existing processes to find areas for increased efficiency
- Identifies opportunities for automation of routine tasks and implements advanced techniques
- Develops new approaches to problem solving and assesses impacts of solution options with minimal support from leaders
Industry
- Encouraged to represent Wawanesa at external events that may include universities, actuarial clubs, industry organizations, and charitable causes
Commitment to Learning
- Commits to professional development and continuous experiential learning to build cross-functional knowledge, technical skills, and mastery in competencies
Stakeholder and Project Management
- Provides regular project updates to stakeholders. Anticipates obstacles and raises them in advance.
- Leads projects from beginning to end. Includes implementation of final product. May include training and documentation of the project.
Mentorship and Coaching & Developing Others
- Actively contributes to the mentorship, training and development of actuarial analysts
- Provides feedback, instruction, and development guidance to help others excel in their current or future job responsibilities
- Builds trust and credibility with peers. Develops strong working relationships across teams.
Qualifications
- Post-secondary degree in Actuarial Science, Mathematics, Statistics, or other related discipline
- More than four years of actuarial experience an asset
- Associate of the Casualty Actuarial Society or equivalent
- Advanced knowledge of actuarial science, mathematics, probability, statistics, principles of finance and business, and strong ability to apply this knowledge to problems in insurance
- Ability to develop efficient and viable solutions to problems and assess impacts of these solutions
- Advanced proficiency with SQL and R, and/or other related programming languages
- Advanced proficiency in Excel and Power BI and/or equivalent
- Advanced proficiency in reserving software such as Arius
- Ability to easily adapt to new enterprise system environments
- Effective communicator with proven presentation skills
- Works well in a team setting, contributes to team spirit and shared objectives
- Adept at supporting and mentoring colleagues
- Works openly and transparently in collaboration with business partners
- Shows strong initiative, autonomy, and a desire to win
#LI-JB2
Wawanesa is proud to be one of Manitoba's Top Employers, a Kincentric Best Employer in Canada and a Forbes Best Employer in Canada recognizing an exceptional place to work!
Diversity Equity, Inclusion & Belonging
Wawanesa is an equal opportunity employer and is committed to fostering a diverse workforce that is equitable and inclusive for all. Wawanesa provides equal employment opportunity to all employees and applicants without regard to an individual's protected status: race/ethnicity, colour, religion, creed, sex or gender, sexual orientation, gender identity or expression, family or marital status, pregnancy/childbirth or related conditions, national origin, disability, military or veteran status, or any other protected status. Disability or medical-related accommodations are available upon request throughout all aspects of the recruitment and selection process. Candidates requiring reasonable accommodations may contact, in confidence, jobs@wawanesa.com.
If you are interested in this exciting, challenging position with Wawanesa, apply today with your Resume.
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