Actuarial Manager – Residential Pricing

Work Location:

Toronto, Ontario, Canada

Hours:

35

Line of Business:

Data & Analytics

Pay Details:

140 000 $/$140,000 - 165 000 $/$165,000 CAD

This role is temporarily eligible for a pay premium above the posted salary range that is reassessed annually. You are encouraged to have an open dialogue with your recruiter who can provide more specific pay details for this role.

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description:

We are excited to be expanding our presence in Québec City with a new office opening in the near future. In the interim, candidates based in Québec City are welcome to apply and may work remotely until the office becomes operational. Once the office is established, the role is expected to align with a hybrid working model based out of Québec City.

Department Overview

The GI Pricing and Profitability team plays a crucial role in ensuring the company's financial health and competitive edge. Using a blend of data analysis, actuarial science, and market research our mission is to ensure the company remains profitable while offering fair and attractive rates to customers that comply with provincial regulatory requirements.

Job Description

As the Actuarial Manager - Residential Pricing, you will play a pivotal role in guiding a skilled team of actuaries to develop innovative pricing models and strategies. Reporting directly to the Senior Manager, your responsibilities will include leading the team in designing and implementing sophisticated pricing solutions, from initial data processing to final deployment and monitoring.

Strong leadership and communication skills are essential as you will work closely with the underwriting, product development, data analytics teams to create pricing strategies that accurately reflect the risk associated with individual driving behaviors while meeting our business objectives.  Your leadership will be crucial in ensuring the robustness and accuracy of our pricing models, while also fostering a culture of continuous improvement and innovation.

You will be responsible for building scalable pricing processes, establishing rigorous validation protocols, and creating efficient deployment strategies to drive the success of our pricing initiatives.

KEY ACCOUNTABILITIES

CUSTOMER

• Ensure team is adequately resourced and capable in managing the day to day and longer-term business needs for the function
• Support functional leaders as well as business management with sound actuarial advice and knowledge to help inform business decisions
• Oversee the communication, interpretation, application and implementation of actuarial analysis and results to business leaders
• Review actuarial analyses produced by the team
• Develops new procedures to deal with unforeseen changes and challenges
• Ensure work is in line with business methodology, principles and practices
• Ensure the availability and quality of data used for all actuarial analysis, based on a thorough knowledge of the data information systems

SHAREHOLDER

• Challenge business appropriately ensuring best interest of the organization is considered
• Lead relationships with corporate and/or control functions to ensure alignment with enterprise and/or regulatory requirements
• Support team in staying knowledgeable on emerging issues, trends and evolving regulatory requirements and assess potential impacts to the Bank 
• Assess / identify key issues and escalate to appropriate levels and relevant stakeholders and business management where required
• Ensure business operations are in compliance with applicable internal and external requirements (e.g. financial controls, segregation of duties, transaction approvals and physical control of assets)
• Protect the interests of the organization – identify and manage risks, and escalate non-standard, high risk transactions / activities as necessary
• Keep abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts
• Maintain a culture of risk management and control, supported by effective processes in alignment with risk appetite

EMPLOYEE / TEAM

• Responsible for management of the overall team providing leadership, and guidance for own area of specialization
• Grow team expertise to align with business/enterprise demand and direction; assess team skills and capabilities and continually look for ways to provide and enhance the value delivered
• Lead a high performing team; provide on-going feedback and performance reviews, coach and develop employees and ensure performance management activities are undertaken and completed for all employees
• Manage employees in compliance with all human resources policies, procedures and guidelines of conduct
• Share knowledge, information, skills, and subject matter expertise among the team and ensure the timely communication of issues and encourage good working relationships with other functions and teams
• Support an environment where team freely escalates business challenges; facilitate change through positive reinforcement of milestones and successes
• Build for the future by recruiting all hires to ensure a highly diverse, skilled and qualified professionals to achieve business objectives
• Act as a brand ambassador for your business area/function and the bank, both internally and/or externally

BREADTH & DEPTH

• Lead and manage a team of professionals and overall operation of a diverse group in an area of moderate risk, complexity or scope, while growing talent, developing skills and capabilities to achieve career goals, support project / initiative success and achieve business results
• Ensure an integrated approach with other business areas, broader organization, and enterprise as appropriate
• Establishes effective relationships with different Stakeholders, Business Sponsors, Executives and LOB
• Provides support and contributes to the overall discipline and strategy for respective areas
• Provides coaching, mentorship and guidance to practitioners, business, executives within area of expertise
• Deep knowledge and understanding of businesses / actuarial specialization and organizational practices
• Sound to advanced knowledge of external competition, industry and/or market trends in relation to own function / business
• Focus on short to medium-term issues

JOB REQUIREMENTS

• University degree in Actuarial Sciences or related field
• 8+ years of related experience
• Advanced analytical, decision-making and problem-solving skills
• Excellent time management skills with a proven ability to meet deadlines
• Autonomous and perseverant; shows initiative and creativity in their work

PREFERRED QUALIFICATIONS

• Prior people management experience
• FCIA/FCAS completed or at least seven Casualty Actuarial Society professional exams

Who We Are:

As part of TD Bank Group, one of Canada's largest financial institutions, at TD Insurance, we care for Canadian families, making it easy to get the best advice, protection, and support in their moments of need, always.

TD Insurance offers a wide range of products, including General Insurance and Life and Health. Everyday, we strive to make every interaction, product and experience remarkably human and refreshingly simple for more than four million customers who count on us.

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more

Additional Information:
We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

Colleague Development

If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. 

If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.  

We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.

Training & Onboarding
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process 
We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation
Your accessibility is important to us. Please let us know if you’d like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you!

Language Requirement (Quebec only):

Maîtrise d’une langue autre que le français pour offrir du soutien ou traiter avec des employés qui ont besoin de services et de soutien dans une langue autre que le français.