Overview

As the Actuarial Analyst, you will be responsible for conducting analyses on rate setting, reserving, claims and revenue forecasting, stochastic modelling, reinsurance pricing and commutations and other actuarial analyses on an as needed basis. The Actuarial Analyst will also collaborate with staff from other areas such as Pricing, Reinsurance, Valuation, Enterprise Risk Management, Investments and Product to work on joint tasks and projects.

MPI is committed to growing actuarial talent at MPI. The Actuarial Analyst will have access to MPI’s Actuarial Development Program (ADP) which provides actuarial analysts with support and resources needed as they work towards attaining Fellowship. The position will also have the opportunity to rotate into other actuarial areas at MPI.

Responsibilities

• Acquire the underlying claims and policy data from the Corporation’s Enterprise Data Warehouse.
• Liaise with applicable departments and committees to acquire and develop business knowledge.
• Perform complex actuarial analyses using actuarial and/or statistical tools, techniques, and software.
• Focus in one of the following actuarial areas:
• Ratemaking
• Maintain and update the ratemaking methodology based on business needs and industry best practices.
• Maintain and conduct analysis for the Driver Safety Rating program.
• Provide pricing estimates for new product or coverage proposals.
• Determine actuarially sound rates for the Basic line of business.
• Determine actuarially sound rates for Extension and Commercial lines.
• Reserving
• Conduct quarterly valuations of policy liabilities and monthly monitoring of actuarial reserves.
• Prepare the annual review of Policy Liabilities for the Appointed Actuary, and the relevant sections of the Corporation’s Annual Financial Statement.
• Build, maintain, and update stochastic models as part of the Corporation’s Financial Condition Testing (FCT) analysis.
• Comply the annual Financial Condition Testing (FCT) report.
• Reinsurance
• Perform pricing and commutation analysis for the Corporations’ reinsurance contracts.

Qualifications

• Post-Secondary degree with an Actuarial Science, Mathematics, or Statistics Major.
• Successful completion of a minimum of two Casualty Actuarial Exams.
• Experience in an actuarial environment an asset.
• Working knowledge of SAS (Statistical Analysis System) is desired.
• Working knowledge of R, SQL, and Python would be considered an asset.
• Advanced Microsoft Excel and VBA skills.
• Strong broad-based analytical skills.
• Proven ability to communicate effectively (verbally and written with individuals at all levels).
• Well-developed interpersonal skills.
• Strong attention to detail.
• Strong ability to work independently and under pressure in a fast-paced environment.
• Excellent organizational and time management skills, including the ability to work with changing priorities and timelines.
• Ability to work with confidential and sensitive corporate information.

Employee Benefits

Health benefits

We offer a comprehensive health benefits program that includes:

• flexible health, dental and vision plans
• health spending account
• travel health coverage
• other extended health benefits such as ambulance, massage and physiotherapy

Financial security

In an effort to support financial security, we offer:

• registered pension plan
• group, dependent, and optional life insurance coverage
• critical illness insurance
• sick leave to cover short-term disability
• long-term disability

Wellness

We offer programs that focus on how to better achieve a balance between work and personal commitments, as well as maintain a healthy workplace culture. This includes:

• vacation entitlement
• flexible work arrangement for eligible positions
• maternity, parental and adoptive leaves
• bereavement and family responsibility leaves
• employee and family assistance program
• mental-health programming
• lunch-and-learn offerings
• discounted gym memberships and wellness account

Diversity and inclusion

Manitoba Public Insurance believes that diversity and inclusion strengthens us. We consider ourselves to be a barrier-free organization where individual values, beliefs and practices are respected and appreciated for the diversity they bring to our work life.

Employee recognition

It’s important to recognize our employees for their contributions. Not only do we recognize employees as they achieve milestone years in their careers, we also have several outlets for leaders and peers to reward each other for work well done.

Professional development

We want our employees to grow, which is why we offer support in keeping their skills up-to-date. We offer in-house training, professional development and an educational assistance program.

Safety and health

In an effort to encourage a safe and healthy work environment, we offer various safety, health and workplace policies and programs along with technical expertise and assistance to support employee activities in safety and health.