JOB DESCRIPTION

• Internal Title: Actuarial Analyst
• Location: Calgary
• Department: Underwriting & Product Development
• Reports to: Manager, Underwriting & Product Development

ARE YOU LOOKING FOR A GREAT PLACE TO BUILD A CAREER?

• MMI Insurance is an ambitious, growing company looking for people with the desire, ability, and experience to provide excellent customer service and product knowledge to our clients.
• We want people to excel as part of a team with a diversity of skills, talents and backgrounds.
• For over 60 years, MMI Insurance has provided home, auto, farm, church and commercial insurance in the province of Alberta. To learn more about our company and history, please visit: https://mmiab.ca/about-mmi/.
• If you share a passion for providing great customer experience along with offering great products, and feel your talents, skills and knowledge fit our position, we welcome your application!

JOB SUMMARY

• This is a full-time, permanent position, with salary compensation. We are planning to fill 1 position in Calgary.
• MMI Insurance is seeking a dynamic and motivated Actuarial Analyst to join our underwriting team. The Actuarial Analyst is responsible for supporting the development, monitoring, and enhancement of actuarial pricing models and analytical tools, with a primary focus on personal property insurance. This role supports strategic and operational objectives by enabling more timely, accurate, and data-driven pricing decisions. The analyst will also assist in monitoring performance and trends within the personal property book of business and contributing to portfolio-level insights. The analyst will work cross-functionally with Underwriting, Claims, and Business Development teams.

KNOWLEDGE, SKILLS AND EXPERIENCE

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Recent graduate to 2 years of experience in insurance pricing or actuarial science.
• Completion of at least 2 SOA/CAS exams.
• Experience or coursework in data analysis using R, showing strong analytical skills with proficiency in data analysis tools such as Excel, R, SQL or Python.
• Excellent communication skills and ability to work collaboratively within a team.
• Detail-oriented with a strong commitment to accuracy and precision.
• Able to maintain the confidentiality of policyholders, business, staff, and management information. Respects and adheres to the privacy rules.
• On-the-job training provided. Familiarity with the Basic Ratemaking concepts considered an asset.

• Support the design, implementation, and refinement of personal property pricing models (e.g., homeowners, tenants, condominiums, mobile homes).
• Contribute to risk-based pricing initiatives by incorporating predictive and behavioral indicators into rating algorithms.
• Assist in developing and enhancing models related to regional perils, including hail loss modeling relevant to Alberta exposures.
• Perform monthly monitoring of the personal property portfolio, identifying shifts in performance, trends in key metrics, and areas requiring investigation.
• Assist in producing insights related to the composition of the book of business, retention and churn dynamics, and new business trends.
• Collaborate on the development of risk scoring frameworks to better segment and assess insurance risk.
• Analyze claims, exposure, and premium data to inform pricing assumptions, identify emerging trends, and support strategic business decisions.
• Conduct IBNR (Incurred but Not Reported) reserve calculations to support claims reserving and financial reporting.
• Contribute to ongoing efforts to improve underwriting, renewal and claims audit processes, particularly where data-driven insights can add value.
• Other projects as assigned