Actuarial Analyst

LOCATION: Altona, Winnipeg or Virtual in Manitoba          

SCHEDULE: Full-Time              

REPORTS TO:  VP Data and Analytics (or Actuarial Manager)



Red River Mutual is a progressive insurance company with a focus on our customers and employees. We believe everyone has a right to feel safe and protected and to know that someone is looking out for them.  So, we treat our employees like family members – we’ll be honest with them, support them, offer a listening ear, admit when we’re wrong and be a positive force in their lives and in our communities.


The Actuarial Analyst will play a key role in supporting the organization’s pricing strategy as we develop our in-house actuarial expertise for the company. The successful candidate will participate actively in the updating of cutting-edge pricing techniques in a way that minimizes the adverse impact on customers and spurs profitable growth while contributing to the development in management, financial and actuarial data, models, or tools.


  • You want to apply your expertise to support a growing organization
  • You like challenging the status quo in actuarial pricing and analytics
  • You enjoy working with a small tight-knit actuarial team
  • You want to play a key part in developing the actuarial support for Red River Mutual


  • Use advanced modeling techniques and actuarial analysis techniques to develop rate indications and segmentation models for all our lines of business.
  • Perform pricing reviews for all lines of business; make quality recommendations and provide implementation support when required.
  • Produce and analyze reports that monitor the evolving trends in the book of business and recommend rating and underwriting actions based on observations.
  • Perform monitoring activities to assess the quality of our insurance portfolio, and track the rates, market share and insurance results of our competitors.
  • Maintain, modify, and validate predictive statistical models; interpret the model results to leaders.       
  • Contribute to developing management, financial and actuarial data, models, or tools.
  • Understand, build and improve the pricing algorithms for our products using modern modeling techniques.
  • Maintain, develop, and validate actuarial reports to meet business needs.
  • Support the business and overall team by providing general analytical support to the Actuarial function.
  • Gather actuarial data and information to complete analysis as directed; solicits feedback on improvements to reporting and communications.
  • Research, extract, and manipulate complex data from all relevant sources. Identify relationships, problems/issues, and assess data quality
  • Analyze the needs of business partners, researching multiple data sources and identifying actuarial requirements to design innovative solutions for complex challenges
  • Assist in communicating analysis insights and decisions to business leaders. Translates actuarial. analysis to understandable business metrics fit for audience.
  • Propose quality solutions and provide implementation support when required.
  • Take ownership of product structure, algorithms, pricing tables and rules in all systems.


  • Minimum education of a university degree in Actuarial Mathematics, Statistics, Mathematics or another related field of study; 
  • 1 + years of actuarial analysis experience.
  • Actively working towards the ACAS/FCAS designation.
  • Completion of 3 or more actuarial exams would be considered an asset.
  • Experience working with predictive analytic tools and techniques.
  • Experience in Python and R would be considered an asset.
  • Excellent written and oral communication and interpersonal skills in business and user-friendly language;
  • Process driven with ability to document, maintain and adhere to standards, procedures, and processes;
  • Adaptable and flexible to changing business needs and priorities;
  • Exceptional planning, organization and prioritization skills;
  • Highly motivated work ethic and able to be self-directed to complete tasks;
  • High attention to detail and quality standards;

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