Date: Mar 29, 2023 Location: Remote - Canada, CA Company: Wawanesa Insurance
Job ID: 6164
We\xe2\x80\x99re proud to give our employees the flexibility to choose how and where they want to work. In this role, you can decide whether your preference is to work from home (remote), work from the office or a hybrid of time spent at both. You may work from any of the following locations: British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland & Labrador and/or the Yukon.
The Wawanesa Mutual Insurance Company, founded in 1896, is one of Canada\xe2\x80\x99s largest mutual insurers, with over $4 billion in annual revenue and assets of $12 billion. Wawanesa Mutual, with executive offices in Winnipeg, is the parent company of Wawanesa General, which offers property and casualty insurance in California and Oregon; 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 two million members in Canada and the United States. Wawanesa actively gives back to organizations that strengthen communities where it operates, donating well above internationally recognized benchmarks for excellence in corporate philanthropy. Learn more at 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

Working under minimal supervision, the Manager, Individual Insurance - Pricing is responsible for all facets of the actuarial pricing and product development of individual insurance and investment products, ensuring pricing supports both reasonable expected profitability metrics and acceptable sales levels, while leading a pricing team.
Job Responsibilities

• Lead the development and maintenance of pricing models and assumptions, ensuring sound actuarial practice and regulatory compliance.
• Adhere to the Company\xe2\x80\x99s Product and Pricing Governance Framework supporting and recommending enhancements as appropriate.
• Regularly review and report on product profitability for all currently issued products and analyze the overall profitability of individual products by line of business, recommending changes as required.
• Keep informed of current industry trends, company sales levels and distributions and company experience to identify possible triggers to product and pricing changes.
• Work with multiple areas of the company to support the design and implementation of product and pricing changes ensuring alignment with the Company\xe2\x80\x99s short and long-term strategies.
• Support the maintenance of the individual in force block of business including changes to adjustable policies and the participating dividend scale according to company policies ensuring regulatory compliance and fairness to policyholders.
• Work with reinsurers during product and pricing exercises and support the evaluation of the individual reinsurance program, recommending changes as required.
• Remain up to date on current accepted methodologies in individual insurance pricing.
• Maintain sound knowledge of the current valuation standards and regulatory requirements.
• Manage performance of direct reports inclusive of providing professional and technical guidance and provide regular performance reviews.
• Perform other duties as assigned, handling special projects as assigned.

Qualifications

• Undergraduate university degree in Actuarial Mathematics, Statistics, Mathematics or other related field of study.
• Fellow of the Canadian Institute of Actuaries, complying with continuing education requirements.
• 5 years of actuarial work experience with 3 years related to individual insurance.
• Extensive knowledge of the Life insurance industry, insurance operations and current pricing techniques.
• Excellent computer skills including extensive knowledge of word and excel.
• Excellent analytical and problem-solving skills with the ability to understand context and its impact on all issues.
• Ability to work independently and identify potential impacts of decisions while coaching others in effective decision making.
• Excellent communication skills both written and verbal, with the ability to deliver powerful presentations.
• Ability to lead and complete large complex projects with multiple contributing parties.
• Strong leadership skills.
  

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Wawanesa is proud to be one of Manitoba\'s Top Employers for 2023 recognizing that we are an exceptional place to work!

Wawanesa provides its employees with a respectful, challenging and rewarding environment where they can maximize their potential while contributing to the company\xe2\x80\x99s goals. Our full-time permanent employees are provided with highly competitive compensation packages (salaries, generous vacation allowance, leave top up, annual bonus plan, premium free benefits and a pension plan). Wawanesa provides a stable environment for its employees in today\xe2\x80\x99s challenging markets.

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\xe2\x80\x99s 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. Accommodations are available upon request throughout all aspects of the selection process. Candidates requiring 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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