Senior Actuarial Analyst

Position Type:

As one of Canada's leading life insurers, Blue Cross Life Insurance Company of Canada (Blue Cross Life) takes great pride in being the most trusted brand by Canadian consumers, offering exceptional coverage tailored to protect them and their families. Our unwavering commitment to service and product excellence has earned us the title of Canada's Most Respected Life Insurance Company for three consecutive years.

Federally licensed with operations across Canada, Blue Cross Life provides a full suite of top-tier Individual and Group Life and Disability insurance options. This comprehensive range of products is backed by an insurer with decades of experience protecting Canadians.

Our employees are the key component in enabling us to deliver competitive life and disability products nationally; we value their knowledge and integrity and are dedicated to their professional development by providing an environment of continuous learning and growth. We seek creative problem solvers who care about the work they do while helping to drive responsiveness and insight throughout our organization. 

If you are looking for an opportunity in a challenging, fast-paced, and collaborative work environment, the career you have been looking for may be waiting for you at Blue Cross Life.

What's in it for you?

We provide a work environment where people are respected and fulfilled both professionally and personally through healthy relationships, work-life balance and meaningful work. And because we're in the insurance business – paid benefits and perks to keep you at your very best

Your every day with us:

As an Actuarial Analyst, no two days will look the same. You'll have the opportunity to play a significant role in ensuring the company's objectives for profitability are achieved and collaborate with people from various teams from Blue Cross organizations across Canada.  You'll need strong analytical skills and a love for data/analytics.

As a Senior Actuarial Analyst, you will:

• Create and/or populate actuarial models to price various group life products and revisions;
• Maintain documentation of completed calculations/recommendations, and validate results against historical calculations or other benchmarks;
• Complete peer review of work completed by other members of the team; Provide support to the underwriting team for large/complex quotes;
• Actively collaborate with a multidisciplinary product development team on initiatives related to group products;
• Communicate with reinsurance partners regarding quotations and technical pricing models and evaluate reinsurance treaties;
• Support the implementation and testing of new products or product changes in quotation tools and administrative systems;
• Continue ongoing enhancements of our internal processes to support our efficiency initiatives.

What you need to succeed:

• At least 5 years experience in an actuarial role focused on group life insurance with good knowledge of AXIS.  Reinsurance experience would also be considered an asset.   
• Education: ASA/ACIA designation and are pursuing FSA/FCIA designation.
• Outstanding knowledge of Excel
• Knowledge of the Canadian Institute of Actuaries (CIA) professional standards as they pertain to the life and disability business
• Well versed in insurance and statistical concepts and practices
• Enjoy working on process improvement & automation initiatives and have experience with building and maintaining business process models
• Exceptional analytical skills with high attention to details
• Experienced in documenting business process changes, and have a good understanding of the software development life cycle
• Working knowledge of advanced data warehouse reporting (using SQL) would be considered an asset: Ability to extract, interpret and explain data utilizing moderately complex SQL queries in a complex data environment.
• Knowledge of the AXIS actuarial software and group insurance products would be considered an asset.
• Bilingualism (English and French) is considered an asset

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Pay Range :

The Base Pay range may vary depending on the successful candidate or other relevant job-related factors such as knowledge, skills, qualifications, experience and education/training. In addition to Base Pay, eligible Blue Cross Life employees may participate in various performance-based incentive programs. Payments under these programs are discretionary and subject to both individual and organizational results.  

Blue Cross Life is an equal opportunity employer. We strive to foster a culture where everyone is enabled to achieve their full potential - a culture of diversity, equity and inclusion (DEI). Accessibility is a top priority.
 
For applicants with disabilities, we provide accommodations throughout the recruitment, selection and/or assessment process. If selected to participate in the recruitment, selection and/or assessment process, please inform Human Resources staff of the nature of any accommodation(s) that you may require in respect of any materials or processes used to ensure your equal participation. 
 

Our recruitment process may involve automated tools, including AI, to assist in screening applications.

We would like to thank all candidates for expressing interest.  Please note that only those selected for interviews will be contacted. If you experience any technical issues throughout the application process, please email:  

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