About ICPEI
Based in Charlottetown, the Insurance Company of Prince Edward Island (ICPEI) offers market-leading home, auto and commercial insurance solutions. Our products are sold exclusively through a network of brokers across all three Maritime Provinces, Quebec, Ontario and Western Canada.Your role
Reporting to the VP Operations, East, the Manager, Actuarial Services oversees the Actuarial Team related to the pricing of our products, evaluating insurance liabilities, and supporting other projects related to data, reinsurance and capital. Opportunities in reserving, pricing and/or data projects will depend on the interests of the employee.What you bring to the position
University degree in Actuarial, Mathematics, Statistics or other related fields
Completion of 4+ CAS or SOA actuarial exams. CAS exam 5 completion
5+ years of relevant P&C insurance experience
Pricing or data experience an asset
Advanced user of Microsoft Excel
Experience with SQL, Guidewire or Akur8 an asset
Deep understanding of insurance principles and actuarial pricing/reserving techniques
Strong oral and written communication skills, organization skills and problem-solving skills
Ability to form opinions and make recommendations to managementWhat you will do
Contribute to reserving and pricing analyses in accordance with Canadian Accepted Actuarial Practice. Primary area of focus will depend on the interests of the employee
Prepare Quarter End insurance liability valuations
Prepare Financial Statement notes and provide actuarial support in preparation of regulatory returns and other industry surveys
Responsible for preparation of provincial regulatory rate changes and other automobile filings
Develop commercial and specialty insurance pricing solutions
Prepare annual Finance Condition Testing (FCT) and other ad hoc capital management initiatives
Provide internal actuarial support for audits, regulatory reviews and peer reviews
Provide actuarial support for Reinsurance requests
Manage actuarial solutions to routine and ad hoc requests related to actuarial valuation, pricing and data
Stay abreast of developments in actuarial and regulatory standards and requirements
Manage and build the Actuarial Team
Collaborate with the VP Operations East, Finance, Underwriting and Claims teams as neededWhat we offer
Competitive compensation package
Comprehensive benefits
RRSP program with Company match
Training and professional development