Actuarial and Investments Intern supporting actuarial and investment functions in product pricing and financial reporting. Assists with data analysis, automation, and cash flow analysis for commercial loans.
About the role
- Actuarial Analyst role at Aviva Canada overseeing pricing and profitability for commercial insurance. Responsibilities include analysis, reporting, and collaboration with stakeholders.
Responsibilities
- Maintain and enhance the commercial insurance segmentation strategy and algorithms.
- Support the alignment of technical considerations with business objectives to help drive meaningful outcomes.
- Conduct pricing reviews of various coverages and segments of the commercial business, including reviewing the rating algorithms and rate adequacy, analyzing the business impact of the pricing changes, communicating the analytical results to the stakeholders, reaching an agreement on the rate actions and preparing the rate filings to the provincial regulators.
- Monitor the performance of the commercial portfolio and on various business initiatives, to identify key trends and recommend actions to the senior management and to the business to achieve profitability and growth targets.
- Maintain and improve actuarial databases/SAS programs.
- Identify data issues and create actions to remedy them.
- Support technical development required to build and maintain Excel rating tools for the business.
- Communicate analytical results to both technical and non-technical audiences.
Requirements
- Bachelor’s degree in actuarial science or a related field; equivalent experience will also be considered.
- Minimum 1 year of P&C actuarial experience (including internships).
- Passed at least 2 SOA/CAS exams.
- Strong mathematical and statistical background.
- Strong problem solving and analytical skills.
- Ability to effectively and clearly communicate ideas and decisions.
Benefits
- Compelling rewards package including base compensation, eligibility for annual bonus, retirement savings, share plan, health benefits, personal wellness, and volunteer opportunities.
- Hybrid flexible work model.
- Outstanding career development opportunities.
- Competitive vacation package with the option to purchase 5 extra days off per year.
- Employee-driven programs focused on gender, LGBTQ+, origins, diversity, and inclusion.
- Corporate wellness programs to support our employees’ physical and mental health.
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