Senior Actuarial Analyst

The Senior Actuarial Analyst conducts analyses on rate setting, reserving, claims and revenue forecasting, stochastic modelling, budget variance, capital modelling and other actuarial analyses on as needed basis. The Senior Actuarial Analyst will also collaborate with staff from other areas such as Pricing, Reinsurance, Valuation, Capital Management, Enterprise Risk Management, Investments, Actuarial Insights & Forecasting and Product to work on joint tasks and projects.

Due to the sensitivity of the work, the Senior Actuarial Analyst is required to maintain confidentiality due to the extensive impact throughout the corporation and the public.

The Senior Actuarial Analyst will have access to the Corporation’s Actuarial Development Program (ADP), taking P&C exams through Casualty Actuarial Society or the Canadian Institute of Actuaries.

The Senior Actuarial Analyst is expected to take full ownership of certain tasks and deliverables, communicate results to senior management and mentor actuarial analysts and students.

Responsibilities:

Acquire the underlying claims and policy data from the Corporation’s Enterprise Data Warehouse.

Liaise with applicable departments and committees to acquire and develop business knowledge.

Perform complex actuarial analyses using actuarial and/or statistical tools, techniques, and software.

Focus in the following actuarial area of Capital Management:

Liaises with Financial Planning and Analysis (FP&A) to explain budget variance for Claims.

Updates the inputs for the budget model annually with claims for financial reporting.

Builds, maintains, and updates models as part of the Corporation’s Financial Condition Testing (FCT) analysis.

Compiles the annual Financial Condition Testing (FCT) report for the Corporations lines of business.

Assist Capital Management Lead with developing an Economic Capital Model; stress testing, scenario analysis and sensitivity analyses.

Qualifications:

Successful completion of a minimum of seven Casualty Actuarial Exams and attained ACAS designation.

Five years of experience in an actuarial environment.

Previous knowledge of FCT analysis or Economic Capital modelling considered an asset

Experience in providing guidance, constructive feedback and mentorship to peers.

Experience in presenting analysis and findings to leadership.

Working knowledge of R, SQL, or Python would be considered an asset.

Advanced Microsoft Excel and VBA skills.

Strong broad-based analytical skills.

Proven ability to communicate effectively (verbally and written with individuals at all levels).

Well-developed interpersonal skills.

Strong attention to detail.

Strong ability to work independently and under pressure in a fast-paced environment.

Excellent organizational and time management skills, including the ability to work with changing priorities and timelines.

Ability to work with confidential and sensitive corporate information.

Employee Benefits

Health benefits

We offer a comprehensive health benefits program that includes:

flexible health, dental and vision plans

health spending account

travel health coverage

other extended health benefits such as ambulance, massage and physiotherapy

Financial security

In an effort to support financial security, we offer:

registered pension plan

group, dependent, and optional life insurance coverage

critical illness insurance

sick leave to cover short-term disability

long-term disability

Wellness

We offer programs that focus on how to better achieve a balance between work and personal commitments, as well as maintain a healthy workplace culture. This includes:

vacation entitlement

maternity, parental and adoptive leaves

bereavement and family responsibility leaves

employee and family assistance program

mental-health programming

lunch-and-learn offerings

discounted gym memberships and wellness account

Diversity and inclusion

Manitoba Public Insurance believes that diversity and inclusion strengthens us. We consider ourselves to be a barrier-free organization where individual values, beliefs and practices are respected and appreciated for the diversity they bring to our work life.

Employee recognition

It’s important to recognize our employees for their contributions. Not only do we recognize employees as they achieve milestone years in their careers, we also have several outlets for leaders and peers to reward each other for work well done.

Professional development

We want our employees to grow, which is why we offer support in keeping their skills up-to-date. We offer in-house training, professional development and an educational assistance program.

Safety and health

In an effort to encourage a safe and healthy work environment, we offer various safety, health and workplace policies and programs along with technical expertise and assistance to support employee activities in safety and health.