Senior Analyst Rate Review

Role Responsibilities

Are you an Insurance professional? Do you have an in-depth knowledge of the principles of automobile insurance? We are seeking to fill the position of Senior Analyst Rate Review.

Reporting to the Manager Rate Review and Analytics,  the incumbent is instrumental in the Automobile Insurance Rate Board (AIRB)'s mandate to regulate the pricing of automobile insurance in Alberta.  This position reviews rate filings submitted by insurers, writes and presents reports and recommendations to the Board, taking into consideration the current market environment, insurer's circumstances, filing requirements and potential premium impact to policyholders.  As a subject matter expert, the position also leads projects related to regulatory policy development, research, and stakeholder consultations leading to recommended direction provided to the AIRB on technical issues.  

This position will be responsible for:
•    Managing and reviewing filings from insurers under the Automobile Insurance Premiums Regulation to revise rating programs for all
     classes of automobile risks. This position reviews rate filings submitted by insurers and writes reports to recommend action to the
     Board, taking into consideration the potential premium impact to policyholders.  
•    Conduct research / thematic reviews on current issues or practices in rating programs (such as conviction surcharges, underwriting,
     rate capping etc.) to ensure policies balance the needs of both insurers and consumers. 
•    Participating in regulatory policy development, providing advice to the AIRB on policy and technical issues and implementation and
     maintenance of AIRB decisions.
•    Developing and maintaining relationships with and work performed by consulting actuaries and other relevant stakeholders.
•    Working with consulting actuaries to develop new approaches to streamline filing processes and implement reforms or regulatory
     changes.

The Senior Analyst Rate Review should have the background knowledge to apply the related Legislation, Regulations and Filing Guidelines. The ideal candidate should have strong written, verbal, and presentation skills with the ability to communicate with a variety of stakeholders.  

The ideal candidate should be a strong team player with the ability to work independently; possess strong analytical and decision making skills; have the ability to organize and prioritize tasks/projects to meet deadlines and provide reasonable turnaround time for insurers submissions. 

Please click on this link to view the job description for this position.

APS Competencies

Competencies are behaviors that are essential to reach our goals in serving Albertans. 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.

This link will assist you with understanding competencies:
https://www.alberta.ca/system/files/custom_downloaded_images/psc-alberta-public-service-competency-model.pdf.

In this role, you will contribute to our team by demonstrating the following behavioral competencies:

Systems Thinking: Takes holistic long-term view of challenges and opportunities. Anticipates outcomes and potential impacts and seeks stakeholder perspectives. Works towards actions and plans aligned with APS values. Works with others to identify areas for collaboration

Develop Networks: Creates impactful relationships with the right people. Ensures needs of varying groups are represents. Goes beyond to meet stakeholder needs. Ensures all needs are heard and understood

Agility:  Identifies alternative approaches and supports others to do the same. Proactively explains impact of changes. Anticipates and mitigates the emotions of others. Anticipates obstacles and stays focused on goals.

Drive for Results: Knowing what financial outcomes are important and maximizing resources to achieve results that are aligned with the goals of the Government of Alberta, while maintaining accountability.

Build Collaborative Environments: Involves a wide group of stakeholders when working on outcomes: Involves stakeholders and shares resources. Positively resolves conflict through coaching and facilitated discussion. Uses enthusiasm to motivate and guide others.

Qualifications

Requirements:
University degree in business, mathematics and or statistical analysis plus four (4) years of relevant work experience in insurance and or statistical analysis sectors in order to review and analyze the complex reports submitted by insurers to support implementation or changes to their rating programs.  

Related experience or education may be considered as an equivalency on a one for one basis.

Assets:
A Chartered Insurance Professional (CIP) Designation or actuarial examinations sponsored by the Casualty Actuarial Society or equivalent would be an asset to provide appropriate context and background knowledge.

Previous experience in underwriting for auto insurance would be an asset to provide appropriate context and background knowledge.

A cover letter outlining what makes you the ideal fit is required, and will be used to help us assess your written communication skills.

Minimum recruitment standards outline the minimum education and experience required for appointment to a job classification. 
Refer to https://www.alberta.ca/alberta-public-service-minimum-recruitment-standards.

Notes

This position is a permanent, full-time position working 36.25 hours per week, Monday to Friday 

This position will be located at #2440, 10303 Jasper Avenue, Edmonton, AB, T5J 3N6.

Candidates with lesser qualifications may be considered at a lower classification and salary. This competition may be used to fill future roles at the same or lower classifications.

Candidates may be asked to participate in a written assessment. Final Candidates for this position will be asked to undergo a security screening.

Links and information on what the GoA have to offer to prospective employees.

•    Working for the Alberta Public Service - https://www.alberta.ca/advantages-working-for-alberta-public-service.aspx.
•    Public Service Pension Plan (PSPP) - https://www.pspp.ca.
•    Alberta Public Service Benefit Information - https://www.alberta.ca/alberta-public-service-benefits.
•    Professional learning and development - https://www.alberta.ca/professional-development-support-directive.
•    Research Alberta Public Service Careers tool – https://researchapscareers.alberta.ca.
•    Positive workplace culture and work-life balance.
•    Opportunity to participate in flexible work arrangements such as working from home up to two days per week and modified work schedule agreement.
•    Leadership and mentorship programs.