Location: Montreal, Quebec
The Manager, Pricing is accountable for conducting analyses of company and industry experience and estimating the rate adequacy for each company and product line in Ontario. The incumbent is also responsible for actively promoting rate adequacy with other departments and the Region. The incumbent also plays an important role in The Group’s financial planning process.
The Pricing Managers report to the Vice-President, Pricing and R&D. One Pricing Manager is responsible for the Western and Eastern Regions, whereas the other Pricing Manager is responsible for the Ontario and Quebec Regions. Reporting to the Ontario Pricing Manager is the Ontario Pricing Leader who directs the Actuarial Analysts.
Specific Responsibilities:
- Prepare, present & interpret - in an easy to understand fashion - quarterly rate indications for relevant companies, products and provinces.
- Create regulatory rate filings, and negotiate with provincial regulators to secure desired structural and rate amendments as per internally agreed upon timeline.
- Using internal and external data sources (e.g. corporate data warehouse, IBC Statistical Plan data), investigate and identify factors underlying variations in loss experience. Working with the business units, elaborate strategies to address such underlying causes to improve profitability.
- Estimate the premium impact of legislative amendments (e.g. tort reforms), as well as product and pricing decisions using dislocations analyses.
- Work with the Strategic Business Units and the Region to solve business problems of the following nature: retention, growth, profitability, competitive positioning.
- Work with the Actuarial R&D Team and the business units in the context of Product and Pricing ENIGMA reviews to develop the optimal rating structure for a given product, taking into account profitability, forecasted competitiveness and impact on business retention. Develop and maintain tracking reports to measure the level of success of these new structures. Present and interpret tracking results to the Region, and recommend corrective actions, if required.
- Participate in the corporate business plan reforecast exercises by providing actuarial advice on parameters used to forecast business growth, retention and profitability. This also includes assessing what future rate increases could be approved by provincial regulators.
Personal Characteristics:
Professional, friendly and courteous in all interactions, whether with customers or co-workers.
Perform well in a busy operation and remain calm under pressure.
Team player adaptable to a changing environment.
Strong written and verbal communication skills.
Strong Management skills.
Qualifications:
Minimum of 5 years of experience within actuarial services as well as 2 years of management experience.
Minimum of 5 exams of the Casualty Actuarial Society.
University degree in Actuarial Sciences/Math/Statistics.
Infrequent, scheduled travel required, often overnight
Benefits - Full
Qualified applicants, please forward your resume to erin@westconnectemployment.com.
Monday, September 22nd, 2008 at 10:54 pm and is filed under Jobs. Help us spread this entry via trackback from your own site.
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