Accounting and Reporting, Property/casualty, Risk Management
Senior Manager 1
Alberta Treasury Board and Finance, Edmonton. The Alberta Automobile Insurance Rate Board (AIRB) is an independent regulator responsible for regulating automobile insurance rating programs in Alberta. For further information about AIRB visit http://www.airb.alberta.ca
For further information about Treasury Board and Finance, see our website at http://www.finance.alberta.ca
Reporting to the Executive Director, this position acts as the key in-house actuarial resource responsible for the review of rate filings submitted by insurers and the review and analysis of automobile statistical plan exhibits.
This position requires strong analytical, decision making, and communication skills in order to conduct actuarial reviews of the applications for rate and risk classification changes for all insurers. Such reviews include evaluating the appropriateness of the underlying methodologies and assumptions, checking the accuracy of the calculations, assessing the reasonableness of the indicated and proposed rate changes, providing recommendations to management and the Board, and performing any necessary follow-up actions. This position also requires actuarial analysis in respect of the automobile statistical plan, including: reviewing and approving the developed exhibits; monitoring the exhibit review process; and recommending changes to improve the quality of the published statistical information.
The position involves performing actuarial analyses of automobile insurance claim cost, expense, and profit trends and developments; identifying issues and emerging problems related to automobile insurance, and making recommendations on how to address any concerns; and reviewing and providing input on changes to existing automobile insurance related legislation that may be under consideration. This position will interact with and receive support from the AIRB’s external consulting actuary.
The ideal candidate should have strong written, verbal, and presentation skills with the ability to communicate with actuaries and non-actuaries alike. They should be a strong team player with the ability to work independently; possess strong analytical and decision-making skills; have a strong understanding of automobile insurance rating programs, actuarial rate-making methodologies and standards of practice, insurance industry financial results, and relevant legislation and regulations relating to automobile insurance in Alberta.
Salary: $3,352.75 - $4,574.56 bi-weekly ($87,506 - $119,396 annually). Closing Date: May 1, 2018. Job ID #1048067
Qualifications: Bachelors' degree in a related field (i.e., Actuarial Science, Mathematics, Statistics) combined with six or more years related experience analyzing and making recommendations on the disposition of insurers' rate applications and or the preparation of rate filing submissions to a regulator. Working knowledge of Canadian automobile insurance data sources and regulatory environment is required. Associate of the Canadian Institute of Actuaries (ACAS) and of the Canadian Institute of Actuaries (ACIA) or career associate would be considered an asset.
Related experience or education may be considered as an equivalency on a one for one basis.
Candidates must submit a properly formatted cover letter along with their resume clearly indicating their related experience and how this experience has prepared them for this role.
Competencies are behaviors that are essential to reach our goals in serving Albertans, and the foundation for our talent management programs, including hiring decisions. We encourage you to have an in depth understanding of the competencies that are required for this opportunity and to be prepared to demonstrate them during the recruitment process. The link below will assist you with understanding competencies:
In this role, you will contribute to our team by demonstrating the following behavioral competencies:
Agility: Ability to anticipate, assess, and readily adapt to changing priorities, maintain resilience in times of uncertainty and effectively work in a changing environment.
Drive for Results: Knowing what outcomes are important and maximizing resources to achieve results that are aligned with the goals of the organization, while maintaining accountability to each other and external stakeholders.
Develop Self and Others: A commitment to lifelong learning, and the desire to invest in the development of the long-term capability of yourself and others.
Build Collaborative Environments: Leads and contributes to the conditions and environments that allow people to work collaboratively and productively to achieve outcomes.
Develop Networks: Proactively building networks, connecting, and building trust in relationships with different stakeholders.
Systems Thinking: The work done within the APS is part of a larger integrated and inter-related environment. It is important to know that work done in one part of the APS impacts a variety of other groups/projects inside and outside the APS. Systems Thinking allows us to keep broader impacts and connections in mind.
Creative Problem Solving: Ability to assess options and implications in new ways to achieve outcomes and solutions.
Final Candidates for this position will be asked to undergo a security screening. This competition may be used to fill current and future vacancies at equal or lesser classifications across the Government of Alberta.
Online applications are preferred via www.jobs.alberta.ca.
Note: As only one file can be uploaded, please ensure your cover letter, resume and any other related documents are submitted in one file. Applicants who apply online will be able to track the status of this competition.
If you are unable to apply online, please submit your cover letter and resume, quoting the Job ID, to: Human Resource Services, Treasury Board and Finance, 302 Terrace Building, 9515 - 107 Street, Edmonton, AB, T5K 2C3. Phone: (780) 427-3070; Fax: (780) 422-0421.
It is recommended that applicants who have obtained educational credentials from outside of Canada and have not had them previously assessed, obtain an evaluation of their credentials from the International Qualifications Assessment Service (IQAS) - http://eae.alberta.ca/labour-and-immigration/overview-of-immigration/international-qualifications-assessment-service.aspx
It is recommended that applicants include the assessment certificate from IQAS or any other educational assessment service as part of their application.
We thank all applicants for their interest. All applications will be reviewed to determine which candidates' education and experience best meets the needs of the position. Only individuals selected for interviews will be contacted.
If you require any further information on this job posting, please contact Mihaela Petreanu, Human Resource Consultant, Treasury Board and Finance. Phone: (780) 415-9115.
If this competition is closed as per the closing date noted above, please continue to check http://www.jobs.alberta.ca for a listing of current career opportunities with the Government of Alberta.