Actuarial Manager/Senior Manager

The insurance industry is undergoing a technology transformation, and you will be at the forefront with our Pricing Transformation team. This team is dedicated to accelerating Aviva’s pricing sophistication in collaboration with our Data Science and Personal Insurance Pricing teams.

As a Senior Manager, Technical Pricing, you will be a product owner of our pricing models and be responsible for safeguarding the entire lifecycle of personal lines pricing models conceptualization, execution and monitoring, bringing a meticulous technical approach to model design, development, and application. Your role will prioritize sophisticated modeling techniques, detailed data preparation, and well-founded assumptions. You will ensure that each model is built on a foundation of quality data and sound methodologies, with results that directly advise pricing decisions and align with Aviva’s strategic goals.

Responsibilities

• Ensure appropriate statistical and machine learning techniques are selected with a focus on technical accuracy. Ensure model assumptions are grounded in both data science principles and business relevance.

• Ability to align model design and outputs with business goals for personal lines pricing. Translate technical results into strategic recommendations and actionable insights for stakeholders.

• Responsible for model risk management, including risk identification, assessment, and mitigation. Proactively address potential biases and inconsistencies in data and modeling assumptions.

• Evaluate model performance and assumptions, interpreting outputs, and proactively reviewing model methodological soundness.

• Establish strict data validation procedures to safeguard the integrity of model inputs. Address inconsistencies, incompleteness, or unreasonableness in data. Apply good judgment to strike a balance between efficiency and accuracy in data validation, transformation, and feature engineering process.

• Develop and validate assumptions underlying the models, with documentation that explains their relevance to personal lines insurance. Regularly revisit these assumptions to ensure they remain appropriate given new data or business conditions.

• Rigorously analyze model outputs to validate that they align with expected pricing strategies and objectives. Translate model results into actionable insights, helping to drive informed pricing decisions that support Aviva’s strategic goals.

• Create and maintain detailed guidelines for the interpretation of model results. Work closely with pricing teams to ensure correct and consistent use of model outputs in decision-making processes. Ensure customers understand model limitations and assumptions to make well-informed decisions.

• Continuously supervise model performance to report to customers any data drift, changes in underlying trends, or degradation in predictive accuracy. Lead recalibration and updating efforts to adapt models to evolving market conditions and data landscapes.

• Lead project and collaborator management in cross-functional projects, coordinating with technical teams, and encouraging positive relationships with business collaborators. Manage multiple priorities and meeting deadlines.

• Optimally onboard model users on the correct application of model outputs, emphasizing the importance of understanding model assumptions and limitations. Focus on supporting accurate usage and driving informed business decisions

As a Senior Manager, you will need the following skills and experience to succeed in the role

• Deep understanding of P&C pricing, including rating processes, algorithms, and system considerations

• Proven understanding or experience in modeling project, including scoping, model development, model performance validation, or implementation

• Proficiency in Python, SAS, or SQL for data manipulation, modeling, and analysis. Experience with data visualization tools such as Tableau or Power BI is an asset.

• Stay current with industry development and emerging trends, eager to learn

• Resourcefulness and ability to be highly independent.

• Strong problem solving and analytical skills

• Proven track record of successful partnership with different teams and understanding business priorities.

• 7+ years of P&C actuarial experience

What You’ll Get

• The salary band for this position ranges from $86,900 to $161,500 Please note that individual salary is determined by factors such as job-related knowledge, skills and experience, as well as internal equity.

• Compelling rewards package including base compensation, eligibility for annual bonus, retirement savings, share plan, health benefits, personal wellness, and volunteer opportunities.

• Outstanding Career Development opportunities.

• We’ll support your professional development education.

• Competitive vacation package with the option to purchase 5 extra days off per year

• Employee driven programs focused on gender, LGBTQ+, origins, diversity and inclusion

• Corporate wellness programs to support our employees’ physical and mental health

• Hybrid flexible work model

This role is ideal for a technically skilled professional with expertise in personal lines pricing and sophisticated modeling techniques. Join us as a Model Product Owner to lead Aviva’s pricing transformation through rigorous modeling and data-driven insights.