Description:
The Commercial Auto Pricing team plays a key role in supporting the achievement of IRCA, Fleet, and Garage financial goals at Wawanesa. We are looking for an exceptional candidate to lead the transformation of Commercial Auto pricing at Wawanesa with focus on major rating model updates using advanced technology. Working under minimal supervision, the Commercial Auto Pricing Manager is to lead the pricing team in completing timely and thorough actuarial analysis for all commercial auto products written in all relevant jurisdictions by collaborating with internal and external business partners.
Job Responsibilities
- Lead the pricing review of all commercial auto products with focus on pricing sophistication improvements.
- Recommend pricing strategies that vary by product types and regulatory frameworks.
- Prepare necessary regulatory filings, ensuring the actuarial practices are consistent with accepted actuarial practice and correctly applied.
- Remain up to date on current accepted methodologies and new emerging methodologies in insurance pricing.
- Stay on top of market condition changes and apply the knowledge in pricing analysis.
- Work with multiple areas of the company to identify profitable markets and design appropriate products.
- Drive the design, testing, and maintenance of new pricing models and tools.
- Collaborate with IT on the system implementation of pricing changes.
- Closely monitor portfolio performance and rate strategies effectiveness; proactively share findings and recommend solutions.
- Effectively communicate pricing analysis and recommendations to large audience including but not limited to underwriters and leadership team.
- Develop and maintain professional relationships with all stakeholders including regulators.
- Provide guidance and coaching to analysts on technical and non-technical skills and provide regular performance review feedback to direct reports.