Definity Financial

Intermediate Actuarial Analyst, Commercial Insurance Pricing

Definity is the parent company to some of Canada’s most long-standing and innovative insurance brands, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. Our ambition is to be one of Canada’s leading and most innovative property and casualty insurers. We can’t do that without our people, so we embrace and encourage a culture that’s collaborative, ambitious, rewarding, and empowering.

We offer a flexible, hybrid work experience where employees work from the office and virtually depending on the type of work they are doing and who they are working with. Bring your true self and be a part of our journey. It’s better here.

What could this role bring to you?

• Be a part of an experienced commercial pricing department with great team dynamics;
• Emphasis on learning various actuarial and commercial insurance product knowledge, such as actuarial pricing, commercial underwriting, claims handling, and commercial product development;
• Participate in Individual Commercial Rated Auto regulatory filings;
• Develop and apply your experience with spreadsheets, databases, and statistical software to prepare and analyze data for profitability analysis, deep dive analysis, and other diverse applications;
• Communicate actuarial concepts and make recommendations to different stakeholders, including actuarial stakeholders and non-actuarial stakeholders, both verbally and in writing with supporting documentation;
• Produce various data exhibits and analyses relating to measuring, tracking, and monitoring company and industry performance;
• Respond to routine requests of internal and external stakeholders related to standard reports and processes with validation from senior staff;
• Able to take full ownership of small to medium-size projects
• Opportunities to lead and peer review the technical work of junior analysts or COOPs.

What could you bring to the role?

• University degree in a quantitative field: Actuarial Sciences, Mathematics, Statistics
• Completion of a minimum of 3 CAS/SOA exams;
• 1 to 2 years of P&C actuarial experience. Personal or commercial pricing experience is an asset;
• Strong programming skills with SAS, Python, R, Excel VBA, or any programming language;
• Strong Excel skills and efficient use of Microsoft Word and PowerPoint;
• Strong data analytic skills and a strong interest in learning new knowledge and skills;
• Excellent communication and organizational skills;
• Able to perform well in a busy operation and remain calm under pressure;
• Team player, adaptable to a changing and fast-paced environment;

Salary range is $59,400 – $118,100.

Interested in this role, but don’t meet every requirement? We encourage you to apply! We know from experience that a candidate doesn’t need 100% of the qualifications listed to bring incredible value to our team. We’re actively seeking diverse backgrounds and perspectives to help us make insurance better. At Definity, inclusion, diversity, and equity aren’t just “nice to have” — they’re essential to our success.

We also take potential into consideration. If you don’t have this exact experience, but you know you have what it takes, be sure to give us more insight through your application and cover letter.

What’s in it for you? 

• Hybrid work schedule for most roles
• Company share ownership program
• Pension and savings programs, with company-matched RRSP contributions
• Paid volunteer days and company matching on charitable donations
• Educational resources, tuition assistance, and paid time off to study for exams
• Focus on inclusion with employee groups, support for gender affirmation surgery, access to BIPOC counsellors, access to programs for working parents
• Wellness and recognition programs
• Discounts on products and services

Actual salary for the role may vary depending on work location of the successful candidate and other factors including but not limited to, skills, education, experience, working conditions and the local labour market.  In addition to base pay, eligible employees may participate in various incentive plans which are paid out at the discretion of the company and subject to individual and company performance.

Go ahead and expect a lot — you deserve it.
It’s better here — but don’t take our word for it. Definity was named by Great Place to Work® as one of the Best Workplaces™ in Canada for women, for youth, and for inclusion.

Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know by contacting: accessibility@definity.com

Background checks
This role requires successful clearance of a background check (including criminal checks and leadership references).

Click here to apply.