Company: Sovereign Insurance
Department: Pricing and Analytics
Employment Type: Regular Full-Time
Work Model: Hybrid
Language: English is required, French is an asset.
Additional Information: This/these role(s) is/are currently vacant
The Opportunity:
At Sovereign Insurance, a wholly owned subsidiary of The Co-operators General Insurance Company, we believe leadership is shaped by purpose, collaboration, and meaningful contribution. When you grow, we grow — your success crowns ours.
We value diverse perspectives, bold ideas, and people who lift others up. Here, your initiative matters, and your efforts help build the resilience of the Canadian businesses and communities we serve.
That shared commitment strengthens our culture and moves us forward — together. That’s the Crown Effect.
The Senior Manager, Commercial and Specialty Pricing role will serve to provide mid-level management leadership, contributing to Sovereign’s delivery of profitable growth solutions and partner with the broader organization to drive business results using pricing expertise. The position will be a key contributor to departmental decisions and strategies to meet broader organizational financial targets by way of developing rate indications and foundational pricing practices to support the Sovereign Pricing team. This role will also be accountable for supporting actuarial trend monitoring and PLR analysis, as well as reviewing large accounts and contributing to the development of pricing algorithms.
How you will create impact:
- Building a high performing, future ready team by setting clear goals, assigning accountabilities, conducting performance reviews, and administering compensation while fostering learning, innovation, and engagement.
- Developing coaching, training, and resourcing plans that support team growth and ensure sufficient capacity to meet business commitments, including organizing meetings, planning sessions, and industry participation.
- Leading the implementation and execution of Sovereign’s pricing strategy, contributing to roadmap development, project prioritization, budgeting, and identifying synergies across processes and lines of business.
- Partnering with Commercial and Farm Pricing teams to ensure pricing models and solutions meet governance, quality, and best practice standards aligned with market and competitive considerations.
- Guiding the development of pricing and rate setting frameworks and overseeing teams that build efficient, maintainable, risk aligned pricing models using advanced analytics and actuarial techniques.
- Leveraging enterprise pricing outputs and applying actuarial tools such as rating plan development and rate level analysis to drive profitable growth, while maintaining strong model governance practices.
- Overseeing the creation of rate filings and engaging with regulators to secure approvals for pricing strategies when required.
- Leading the implementation of pricing solutions across systems and stakeholders, identifying workflow efficiencies, and mitigating downstream impacts to accelerate time to market for new initiatives.
How you will succeed:
- You thrive on delivering our exceptional client experience through positive and engaging relationships; embracing accountability to achieve effective results.
- You ensure your day to day actions are in harmony with the company’s purpose, vision, and values even when challenged.
- You are open and adaptable to changing conditions with a natural curiosity to explore new opportunities or innovations.
- You value cooperative and collaborative dialogue because diverse perspectives offer more creative and productive solutions.
To join our team:
- Post secondary education with a bachelor’s degree in Actuarial Science, Statistics, Mathematics or a related field.
- Actuarial designation such as ACAS (or equivalent) required.
- 6 - 9 years of pricing experience within insurance products, preferably commercial and specialty lines.
- Minimum 5 years of team leadership experience with proven capability in coaching, developing and empowering talent.
- Strong business and financial acumen with the ability to exercise sound judgment and operate independently in a fast-paced environment.
- Advanced analytical, decision making, organizational, change management and creative problem-solving skills.
- Comprehensive understanding of industry standards, commercial and specialty market dynamics, regulatory environments, actuarial methodologies and core Property and Casualty insurance concepts.
- Exceptional communication and influencing skills with demonstrated success building effective cross functional partnerships; bilingualism in English and French considered an asset.
- This position primarily works with majority non-francophone groups, and teams located outside of Québec, and requires proficiency in English. The essential non-French duties are not assignable to adjacent or other team members.
What you need to know:
- Strict confidentiality with respect to employee’s personal information and other sensitive or proprietary material.
- Detail oriented work that requires a high degree of mental concentration for extended periods of time.
- You will be subject to a Background check as a condition of employment, in the event you are the successful candidate.
- This position will operate on a hybrid work posture which will require an in-office presence of at least twice a week.
What’s in it for you?
- Training and development opportunities to grow your career.
- Flexible work options and paid time off to support your personal and family needs.
- A holistic approach to your well-being, with physical and mental health programs and a supportive workplace culture.
- Paid volunteer days to give back to your community.
- In addition to our competitive salary and incentive programs, eligible employees also benefit from a comprehensive total rewards package including group retirement savings plans, pension and benefits (e.g., health and wellness, dental, disability and life coverage), mental health support and an employee assistance program.
Expected salary/hourly range $114,021- $164,000+
The salary amount for the successful candidate is determined by Co-operators in its discretion and will vary depending on several criteria including but not limited to: local market conditions, geography and relevant job-related factors such as knowledge, skills, qualification, experience and education.
Employees may also have the opportunity to participate in incentive programs and earn additional compensation tied to individual and/or business performance, or other business metrics.
