Manager, Actuarial Services - P&C Insurance

About ICPEI

Based in Charlottetown, the Insurance Company of Prince Edward Island (ICPEI) offers market-leading home, auto and commercial insurance solutions. Our products are sold exclusively through a network of brokers across all three Maritime Provinces, Quebec, Ontario and Western Canada.

Your role

Reporting to the VP Operations, East, the Manager, Actuarial Services oversees the Actuarial Team related to the pricing of our products, evaluating insurance liabilities, and supporting other projects related to data, reinsurance and capital. Opportunities in reserving, pricing and/or data projects will depend on the interests of the employee.

What you bring to the position

University degree in Actuarial, Mathematics, Statistics or other related fields

Completion of 4+ CAS or SOA actuarial exams. CAS exam 5 completion

5+ years of relevant P&C insurance experience

Pricing or data experience an asset

Advanced user of Microsoft Excel

Experience with SQL, Guidewire or Akur8 an asset

Deep understanding of insurance principles and actuarial pricing/reserving techniques

Strong oral and written communication skills, organization skills and problem-solving skills

Ability to form opinions and make recommendations to management

What you will do

Contribute to reserving and pricing analyses in accordance with Canadian Accepted Actuarial Practice. Primary area of focus will depend on the interests of the employee

Prepare Quarter End insurance liability valuations

Prepare Financial Statement notes and provide actuarial support in preparation of regulatory returns and other industry surveys

Responsible for preparation of provincial regulatory rate changes and other automobile filings

Develop commercial and specialty insurance pricing solutions

Prepare annual Finance Condition Testing (FCT) and other ad hoc capital management initiatives

Provide internal actuarial support for audits, regulatory reviews and peer reviews

Provide actuarial support for Reinsurance requests

Manage actuarial solutions to routine and ad hoc requests related to actuarial valuation, pricing and data

Stay abreast of developments in actuarial and regulatory standards and requirements

Manage and build the Actuarial Team

Collaborate with the VP Operations East, Finance, Underwriting and Claims teams as needed

What we offer

Competitive compensation package

Comprehensive benefits

RRSP program with Company match

Training and professional development