What are the responsibilities and job description for the Financial Services – Vice-President, Commercial Lines Actuarial Pricing position at Stonewood Group Inc.?
About the Company
Be one of the first applicants, read the complete overview of the role below, then send your application for consideration.
Our client is a leading property and casualty insurance company providing home, automobile, leisure / lifestyle, and business insurance to millions of customers globally.
A well-known employer of choice, our client’s brand extends to superior customer service and experience both via its extensive brick-and-mortar network and its continually evolving digital capabilities.
An exciting leadership opportunity exists to drive our client’s aggressive growth agenda in its commercial lines business.
Scope of Position
Reporting to the SVP, Commercial Business, the successful candidate will be responsible for leading the development of pricing strategies and analytics to continuously enhance the company’s competitiveness and success in the Canadian marketplace.
Working with a strong team of actuaries and field underwriters, the role will be accountable for leading the analysis, design, and development of both current and new business segment rating algorithms and pricing tools that will support our field underwriting teams across Canada.
The appropriate combination of segment mix, pricing sophistication, and underwriting expertise will both improve and grow a profitable book of commercial lines business.
As the lead actuary for Commercial Lines, the role is also accountable for governance and controls related to maintaining technical pricing standards, ensuring economic capital requirements are met, and key pricing KPIs such as rate indications are met.
The successful candidate will work with global peers and all internal Canadian stakeholders in delivering on the mandate.
Duties & Responsibilities
Thought Leadership in Analytics and Pricing
- Lead the development and communication of Commercial Lines pricing strategies to all stakeholders.
- Work with global peers and partners in continuously improving analytic and pricing sophistication in commercial lines.
- Engage, coach, and mentor a team of actuaries in delivering its mandate.
- Build the capability of both the direct and indirect team, ensuring effective growth and succession of talent.
- Manage recruitment, selection, orientation, and general management of the team.
Business Leadership
Required Qualifications, Knowledge, & Skills
The following indicates specific industry, academic, and functional experience / qualifications that are important to the successful achievement of the identified responsibilities and performance deliverables :
REMUNERATION & BENEFITS
Highly competitive base salary, variable compensation along with other compensation.
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