Actuarial Specialist

The role

The Actuarial Specialist leads pricing analyses, rating structures, and predictive analytics solutions as an independent contributor. This role applies advanced actuarial knowledge to support business decisions, regulatory requirements, and pricing methodologies while mentoring less experienced team members.

What you will do

• Lead complex pricing analyses and investigate trends impacting profitability, growth, retention, and rate adequacy.
• Develop and enhance pricing methodologies, rating structures, and actuarial assumptions.
• Review pricing results for reasonableness and identify opportunities to improve portfolio performance.
• Communicate pricing recommendations and business impacts to management and key stakeholders.
• Develop, maintain, and enhance pricing models including GLMs, machine learning models, and predictive analytics solutions.
• Analyze portfolio performance, rate level indications, dislocation impacts, retention, and new business growth.
• Conduct scenario testing to quantify the impacts of pricing, underwriting, and market changes.
• Monitor market trends, competitor pricing, and emerging industry developments.
• Support rate filings and regulatory approval processes.
• Provide technical guidance, mentoring, and peer review support to analysts and senior analysts.

Required qualifications

• Undergraduate degree in Mathematics, Actuarial Science, Statistics, Data Science, or a related field
• 5-8 years of pricing experience within a P&C insurance company
• Strong knowledge of actuarial pricing techniques, predictive modelling, and data analytics
• Experience developing and validating GLMs and other predictive models
• Advanced proficiency with Excel, actuarial software, and pricing platforms such as Earnix
• Strong SQL, Python, R, or equivalent programming skills
• Knowledge of insurance product design, rate indications, regulatory filings, and portfolio management
• Strong communication, presentation, and stakeholder management skills
• Ability to translate complex analytical findings into actionable business recommendations

Nice to have

• FCAS/FCIA designation
• ACAS nearing Fellowship

Benefits

• Extended health and dental benefits
• Disability insurance
• Retirement plan matching
• Paid time off
• Recognition and perk programs

About the company

Gore Mutual is a modern mutual that is joining Beneva as part of its Property & Casualty operations in Ontario and Western Canada. The company aims to transform the industry through decisions anchored in long-term benefits to customers, members, and communities.