The Opportunity
Are you looking for a caring, collaborative, values-driven workplace with inspiring teammates and leaders? Do you have the ambition and desire to be the best and thrive at the most impactful global insurance provider in the world? Look no further than Zurich Canada.
If you have a passion for learning and leading in Actuarial Pricing and are looking for a new challenge, we would love to hear from you.
Zurich Canada is currently looking for a Chief Pricing Actuary to function as the lead actuary of our Business Unit and as a member of the local management team providing business insight to leadership.
Reporting to the Canada CUO, you will have overall responsibility for pricing for Canada, for the governance supporting the pricing process, and for the professional development of your technical staff. You will also be a part of the North American Actuarial Leadership team.
This is a unique opportunity to build your knowledge and experience for the future in a supportive environment where your voice matters. This is a hybrid work opportunity.
What you will do
PRICING specific:
- Participate in pricing strategy and portfolio management development and implement the actuarial components of the emerged strategy.
- Accountable for necessary pricing, reinsurance analysis and product analysis for all business written by Zurich Canada, in country and outside Canada.
- Collaborate with and influence Market Facing and Product Underwriting on strategic portfolio and individual account pricing decisions.
- Provide direction and/or strategic support for implementation of rate revisions, rate development, competitor benchmarking, rate proposals and, where appropriate, rate filings.
- Ensure that pricing models and tools are updated regularly in order to reflect market developments and to meet Underwriting governance requirements.
RISK MANAGEMENT specific:
- Provide leadership advocacy for Risk perspective with first line functions.
- Lead actuarial and other services to deliver independent deep dive analyses and risk assessments.
- Act as independent partner to the Underwriting and Finance functions.
- Lead actuarial to deliver independent top-down analysis and assessment of reserving and underwriting methodology and approaches, and specific targeted deep dive analyses on pricing (including large deals and captives) and underwriting risk.
- Participate in Finance and Underwriting decision processes, providing independent challenge as part of decision making.
- Deliver Risk challenge and review of Underwriting and Finance in accordance with Group, Regional, and Local regulatory policies, in the context of moderate to high regulatory complexity.
Additional Job Functions:
- Local/Business Unit oversight of all Line of Businesses.
- Provide thought leadership on portfolios or global actuarial issues with a high level of complexity / diversity.
- Lead a team of 20+ with 4+ direct reports in Canada and outside Canada.
- Responsible for departmental budget.
- Deputize for the regional chief pricing actuary as needed.
- Volunteer and network with local Actuarial and/or leadership organizations to increase professional profile and Zurich’s presence.
- Adhere to professional standards of practice as defined by CAS and the CIA.
- Support the cascade of Group strategy to department personnel.
What you bring to the table
Required:
- Bachelors Degree and 10 or more years of experience in the Actuarial area plus FCAS or equivalent international certification.
- OR
- Bachelors Degree and 15 or more years of experience in the Actuarial area plus ACAS or equivalent international certification.
- AND
- Experience leading cross-functional teams.
- People management experience including manager of managers.
- Knowledge of insurance industry.
Preferred:
- FCAS.
- 10 or more years of experience in applying actuarial principles with experience in multiple actuarial disciplines (pricing, reserving, reinsurance) in commercial and personal lines and in multiple business units.
- Strong verbal and written communication skills.
Our Culture
At Zurich, we are proud of our culture. We are passionate about Diversity, Inclusion, Equity and Belonging (DIEB). We want you to bring your whole self to work, and we want our employees to be reflective of the communities in which we live and work. Our DIEB initiatives are creating an environment where everyone feels welcome.
We have a collaborative culture where diversity of thought is valued. We value your input and strive to give our employees the tools they need to make an impact.
We care about our employees’ well-being and offer a comprehensive health/benefits plan with varying levels of coverage to suit your specific needs and a competitive total compensation package.
We understand how important it is to rest, recharge and do the things you love. At Zurich, all employees receive a minimum of four weeks of vacation per year to do just that.
We also understand that employees require time off for personal reasons. Zurich employees receive four personal days per year to be used at their discretion.
We are committed to continuous improvement, and offer access to a comprehensive range of training and development opportunities.
We care about our communities. Our communities are where our customers, people, and shareholders live and work. While we can be proud of the contribution to society Zurich makes through our core business of insurance, we must also give back to our communities through our talent, time and resources.
We have won numerous awards for our workplace culture. We are proud to be one of Greater Toronto’s Top Employers and to have received Insurance Business Canada’s 5-Star Diversity, Equity and Inclusion Award.
Make a difference. Be challenged. Be inspired. Be supported. Love what you do. Work for us.
About Us
Zurich Canada is part of the Zurich Insurance Group, a multi-line insurer with approximately 55,000 employees worldwide serving customers in global and local markets. Zurich Canada has been a leading insurance provider serving mid-sized and large companies, including multinational corporations, in the Canadian commercial market for 100 years. With over 500 employees in offices across the country, Zurich offers the global strength of a top insurance provider combined with in-depth knowledge of industries and local markets. Zurich Canada aspires to be risk management professionals’ first choice as their premier partner to help meet the risk challenges of today and tomorrow. Read more at www.zurichcanada.com.
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