Position Summary:
The Senior Actuarial Specialist plays a critical role in supporting the actuarial team by performing advanced actuarial analyses, developing sophisticated models, and leading key projects. This position requires a deep understanding of actuarial principles, strong analytical skills, and the ability to provide strategic insights.
Location:
Toronto - Ontario
What will your job entail?
Job Responsibilities:
• Lead the development and enhancement of complex actuarial models for pricing, reserving, and forecasting, ensuring they incorporate the latest methodologies and assumptions.
• Conduct comprehensive actuarial analyses to support pricing strategies, including the evaluation of rate adequacy and the development of rate indications.
• Oversee the preparation and review of actuarial reports, financial statements, and regulatory filings, ensuring compliance with relevant standards and regulations.
• Collaborate with senior actuaries to analyze and interpret large and complex data sets, providing actionable insights to inform business decisions and strategic planning.
• Perform rigorous reviews and validations of actuarial models and assumptions, identifying areas for improvement and implementing necessary adjustments.
• Drive the development and implementation of new actuarial methodologies, tools, and processes to enhance the efficiency and accuracy of actuarial work.
• Communicate complex actuarial concepts and findings to non-technical stakeholders, preparing clear and concise presentations and reports.
• Lead and participate in cross-functional projects, working with teams such as finance, underwriting, and IT to support business objectives and initiatives.
Work Experience and Education:
· Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or related field with a minimum of 8 years of related experience.
Licenses & Certifications:
· Fellow of the Casualty Actuarial Society (FCAS), Certification in Risk Management and Assurance (CRMA) or Member of American Academy of Actuaries (AAA) is preferred.
Technical/Functional Skills:
· Business Planning
· Actuarial Analytics
· Pricing Strategy
· Risk Management
· New Product Development
· Corporate Reserving
· Financial Management
· Data Analysis and Reporting
· Product Strategy
· KPI Tracking
Behavioral Skills:
· Effective Communication
· Interpersonal Skills
· Attention to Detail
· Decision Making
· Problem-Solving
· Continuous Learning
#OLR
Disclaimer
Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization. Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities. This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.
