Pricing Actuarial Manager, Atlantic Automobile - Montréal, Canada - TD Bank

TD Bank

Verified Company

Montréal, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

403051BR

Insurance

Montreal, QC

March 15, 2023

Company Overview

Department Overview

TD Insurance is part of TD Bank Group, one of Canada's largest financial institutions.

TD Insurance helps protect clients from the 'accidents of life' with a wide range of products including credit protection, life, health, travel, home, and auto insurance.

With more than three million clients, TD Insurance authorized products and services are available online, over the phone, and through a network of more than 1,000 TD Canada Trust branches.

In Canada, we have two lines of business, General Insurance and Life and Health.

Our General Insurance business is one of the top home and auto insurance groups in Canada and the national leader in group insurance and affinity marketing.

Our Life and Health business is the number one provider of critical illness insurance and direct life and health insurance in Canada.

At TD Insurance, we are committed to fostering an inclusive, accessible environment.

With a Canada-wide workforce of over 4,000 employees and offices in Atlantic Canada, Quebec, Ontario and Alberta, our company is always growing and can help you to grow.

TD Insurance offers a stable and dynamic work environment where talent is appreciated, and professional development is taken seriously. More than just a job, we offer rewarding careers.

The Manager Pricing must develop and implement pricing strategies for automobile products market in Atlantic Provinces.

Another key responsibility is to build for the future by making sure to hire, retain and develop highly skilled professionals.

About this Role

The Manager Pricing must develop and obtain regulatory approvals and implement pricing strategies for Auto products in Atlantic Provinces of TD Insurance - General Insurance in Canada.

Another key responsibility is to build for the future by making sure to hire, retain and develop highly skilled professionals.

Responsibilities:

Play a key role in establishing pricing objectives for Auto products in Atlantic Provinces as part of planning process
Support analyses performed by team to forecast claims and competitive trends for the annual budget for Auto products in Atlantic Provinces
Support the presentation of pricing objectives to various stakeholders and committees as part of the internal approval process.
Support the development of strategies to accelerate profitable growth of TD Insurance and that will create a competitive advantage for TDI
Supervise initiatives to improve our customer segmentation to reach TD Insurance objectives, taking into consideration competitive and regulatory constraints
Prepare required documents by rating boards for pricing changes according to mandated standards
Participate in the presentation of proposed changes to rating boards before review and answer questions from rating boards during the review
Support negotiations with rating boards to obtain approvals to achieve planned profit and growth.
Implement best practices, risk mitigation, risk controls as well as process, policy, and procedures for the actuarial function. Ensure maintenance of controls, policies, and procedures.
Lead implementation of approved price change.
Work with information technology and quality assurance teams for implementation of all approved price changes.
Ensure appropriate measures are in place to secure pricing accuracy of all policies sold (compliance and reputational risks).
Support communication of price changes.
Develop and maintain Risk Sharing Pools cession strategies.
Support recruiting strategy to hire best potential.
Develop talent of highly skilled team members.
Manage, coach and mentor team members.

Requirements:

What can you bring to TD? Tell us about your most relevant experience, credentials and knowledge for this role, as well as these requirements and desired attributes:

7 years of experience in an Actuarial function (Property & Casualty)
Associate of the Casualty Actuarial Society
Bachelor's Degree in Actuarial Science
Experience with Predictive Modeling is an asset
Excellent Communication Skills
Highly adaptable for having discussions with different stakeholders in terms of expertise, training, and hierarchical position.
Ability to work effectively during periods of stress and to make difficult decisions.
Autonomous and perseverant; shows initiative and creativity in his/her work.
Strong analytical and problemsolving skills

Additional Information

This position requires proficiency in a language other than French to support customers, employees or markets located outside the province of Quebec or who require services in a language other than French.

LI-Hybrid

Flexible Work Options

N/A

Hours

35h

Inclusiveness

At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported.

We are dedicated to building a workforce that reflects t