Actuarial Analyst (Affinity)

Description

We are a unique practice in the Canadian marketplace that focuses on the development of new insurance solutions and optimization of existing insurance solutions for Affinity program sponsors. These programs are targeted at large customer or membership bases of clients whose core business is not always insurance, such as banks, financial institutions, retailers, associations, and hospitality providers.

Solutions are positioned to be complementary to the core services or product offerings of these Affinity organizations. We aim to achieve key objectives of customer/member engagement, optimized customer experience, and revenue and business growth. Through our work, we are constantly challenging the market status quo.

We are seeking an aspiring actuarial analyst to be integrated into a broader team of Affinity consulting professionals. Foundational elements of client strategy, customer engagement, and operations are complemented by core analytics delivered through the actuarial component of our practice.

You will be on the front lines of insurance strategy development, product development/enhancement, and new business development. You will be exposed to a variety of lines of insurance business, clients, and unique solutions supporting an ever-evolving marketplace.

As an actuarial analyst in our practice, you will be a key resource in preparing and reconciling data, developing and maintaining key models, and assisting the consulting teams on a range of activities.

The ideal candidate can work well in teams to support our consulting mandates and can also work independently with appropriate guidance. This includes assisting more senior colleagues with projects related to key insurance lines of business in the market, including travel insurance, embedded credit card insurance, personal home & auto insurance, and life and health insurance solutions.

The successful candidate will be expected to participate in WTW's study program in pursuit of a professional actuarial designation through a recognized actuarial professional association.

The Role:

• Provide actuarial and analytics support on various insurance business lines and programs.
• Participate in consulting mandates by providing support on pricing and loss reserving analysis, analysis of profit-sharing arrangements, financial forecasting and scenario modeling, claims analyses, dashboard reporting, industry benchmarking, and other ad hoc analysis.
• Support to actuarial and non-actuarial consultants on both technical and program strategy issues can include data reconciliation and compilation, production of reports, presentations, summary analyses, and client communications.
• Leverage technical skills to assist with the streamlining of processes, increasing efficiencies, and providing additional perspectives on tackling challenging actuarial and analytical problems.
• Development of analysis to support strategic recommendations related to bidding processes for partner relationships on behalf of our clients.
• Assist with other research and presentation material for new client prospects.

Qualifications

The Requirements

• A University degree in actuarial science, mathematics, or statistics.
• Pursuing a professional designation through the exams of a recognized actuarial professional association.
• Highly organized, resourceful, and excellent attention to detail.
• Strong analytical and critical thinking skills.
• Effective and efficient time management skills; ability to simultaneously manage multiple projects and work independently.
• Strong communication skills, both verbal and written.
• Experience with using the Microsoft suite, particularly with Excel, Word, and PowerPoint.
• Experience with manipulating and summarizing large data sets using R, Python, SQL, or similar programming languages.

Other Valuable Candidate Assets

• Experience with summarizing and illustrating data using dashboard reporting tools like PowerBI.
• Experience with personal insurance programs.
• Fluency in French.

Equal Opportunity Employer