Actuarial Analyst #VCAN

Actuarial Analyst #VCAN

01 Aug
Marsh & McLennan Companies, Inc.

01 Aug

Marsh & McLennan Companies, Inc.


Victor Insurance Managers Inc. is one of Canada's leading managing general agents, which develops and administers insurance programs and distributes them through a network of licensed agents and brokers to individuals, professionals, organizations and employers.

At Victor, we believe our people are our most important asset. We offer a dynamic & challenging work environment, training and development opportunities, a competitive total rewards package and believe in work/life balance.

We are currently recruiting for in our Ottawa office for an 18 month contract position:

Actuarial Analyst

What can you expect?

Assist in moderately complex or large actuarial/quantitative analysis projects,

and may delegate tasks to a junior project team member on basic/routine projects, with guidance from senior project team members, in order to model, quantify, and forecast risk, cost, and financial impact (for example, funding analyses or loss accruals) of potential events in traditional and captive insurance projects.

Communicate with clients and vendors to obtain initial client data requirements, establish parameters and scope of project, and to address client concerns and questions during the project.

Provide peer review of modelling and analyses of junior project staff members to ensure all documents produced adhere to established standards and to ensure quality control of final product.

Perform moderately complex analyses using existing models in Excel with modifications to the template parameters based on client information, project needs, and other factors, such as policies and regulations.

Draft final report texts, including information about project assumptions, findings, implications, and solutions, as applicable, with guidance and review from senior project team members.

Develop the intellectual capital of the business, including researching regulatory requirements and drafting industry benchmarking reports and updating modelling templates, in order to further develop the company's offerings, as well as personal knowledge of insurance actuarial services and products.

What is in it for you?

Victor Canada offers competitive employee benefits and a thriving culture to bring your authentic self to work

A company with a strong Brand and strong results to match

Culture of internal mobility, collaboration and valued partnership with HR from the business.

Employee Resource Groups which provide access to leaders, relevant volunteer and mentoring opportunities and interactions with counterparts in industry groups and client organizations.

Competitive pay (salary and bonus potential), Full benefits package – starting day one (medical, dental, vision, STI/LTI, life insurance, RSP (Retirement Savings Plan or TFSA (tax free savings account.) (regional specificity required)

Generous Parental Leave and Tuition Reimbursement plan per year and participation in our Employee Stock Purchase Plan (regional specificity required)

Entitled to 17 days of vacation +1 floating holidays, time off to give back to your community, 10 sick days, and nine company holidays (with early dismissal).

Multiple medical, dental, and vision plans with choices to fit all needs and budgets

Benefits coverage starting Day 1

We will count on you to:

Track and report on broker distribution, submission level, renewal retention and rate changes

Provide analysis of type of policies, business volume, claims incurred, loss ratio and general status of inforce programs

Perform rate reviews on in force programs

Provide rate indications for new and renewal large accounts

Carry out reserve analysis for in force programs

Apply actuarial skills in a business setting

Interact directly with department managers, underwriters and claims analysts

What you need to have:

Graduate with a University degree in actuarial science, math or computer science

Completion of a few Casualty Actuarial Society (Society of Actuaries) exams

Knowledge working with database structures and query techniques

Specific skills in using Microsoft Excel, Access and SQL is preferred

Prior work experience in the insurance industry

An enthusiastic team player, you are self-motivated and enjoy working in a self-directed manner

What makes you stand out:

Strong analytical, organizational, communication and interpersonal skills

Fluency in both official languages is considered an asset

Knowledge of Qlik Sense / QlikView is also considered an asset

Victor Insurance Holdings, formerly known as The Schinnerer Group, is the world’s largest managing general underwriter with locations in the US, Canada, UK, Netherlands, Germany, Italy, and Australia. It handles more than $1.6 billion USD in premium on behalf of numerous insurance carriers, through a large network of more than 25,000 active insurance agents and brokers. With deep, specialized underwriting expertise, the company provides a wide range of insurance coverage – from specialty property and casualty and professional liability insurance to group and retiree benefits. Victor Insurance is committed to building on 60-plus years of experience to develop products that address risk in new and evolving areas. For more information, visit .

Victor Canada, formerly ENCON Group Inc., is a subsidiary of Victor Insurance Holdings and a leading managing general agent in Canada. Victor Canada has a rich history in specialty insurance, and offers a unique range of products and programs distributed through independent brokers and advisors. The company is committed to empowering insurance professionals and their clients through innovation, specialized underwriting expertise, and a nimble, technology-oriented business approach. For more information, visit .