Data Scientist (Insurance Pricing)

Definity is the parent company to some of Canada’s most long-standing and innovative insurance brands, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. Our ambition is to be one of Canada’s leading and most innovative property and casualty insurers. We can’t do that without our people, so we embrace and encourage a culture that’s collaborative, ambitious, rewarding, and empowering.

We offer a flexible, hybrid work experience where employees work from the office and virtually depending on the type of work they are doing and who they are working with. Bring your true self and be a part of our journey. It’s better here.

Reporting to the Personal Insurance Modelling Manger, your responsibilities include contributions to modelling projects using state of the art machine learning techniques, innovative approaches as well as the coaching and mentoring of less experienced analysts. This role is at the intersection of data science and actuarial ratemaking, you will work collaboratively with the rating teams to ensure our continued success. Projects are varied and include the creation of loss cost and demand models, continuous improvement of our tools and processes, identifying actionable insights through data analysis to improve our book of business. In this role, you will have exposure to the entire model lifecycle for multiple lines of business, with valuable project leadership opportunities, exposure to higher management and career development potential.

What can you expect in this role?

• Lead the creation and refresh of predictive models
• Participate in creating solutions for current and emerging trends
• Engage with internal and external stakeholders
• Identify opportunities for process efficiencies within the modelling space
• Develop and apply your experience with database and predictive modeling software to prepare and analyze data for various applications
• Independently respond to routine requests of internal and external stakeholders related to standard reports and processes.
• Effectively manage timelines for independent projects and analysis
• Communicate actuarial concepts and make recommendations to management both verbally and in writing with supporting documentation
• Measure, track, and monitor the performance of our predictive models
• Perform peer reviews on the technical and qualitative analysis of peers
  
  
  

What do you bring to the role?

• University degree in a quantitative discipline such as: programs: Actuarial Sciences, Mathematics, Statistics, Computer Science, Software Engineering, Economics
• 3 or more years of relevant full-time experience
• Strong proficiency in programming languages like Python, coupled with a solid understanding of software engineering principles and best practices. Familiarity with the Google Cloud Platform is an asset.
• Deep understanding of machine learning concepts and algorithms such as GLM, GAM, XGBoost.
• Strong communication skills with the capacity to communicate complex technical concepts to diverse audiences
• Have the drive to innovate, and challenge the status quo
• Excels both in collaborative environments and when working autonomously
  
  
  

Interested in this role, but don't meet every requirement? We encourage you to apply! We know from experience that a candidate doesn't need 100% of the qualifications listed to bring incredible value to our team. We're actively seeking diverse backgrounds and perspectives to help us make insurance better. At Definity, inclusion, diversity, and equity aren't just "nice to have" — they're essential to our success.

What's in it for you?

• Hybrid work schedule for most roles
• Company share ownership program
• Pension and savings programs, with company-matched RRSP contributions
• Paid volunteer days and company matching on charitable donations
• Educational resources, tuition assistance, and paid time off to study for exams
• Focus on inclusion with employee groups, support for gender affirmation surgery, access to BIPOC counsellors, access to programs for working parents
• Wellness and recognition programs
• Discounts on products and services
  
  
  

Actual salary for the role may vary depending on work location of the successful candidate and other factors including but not limited to, skills, education, experience, working conditions and the local labour market.  In addition to base pay, eligible employees may participate in various incentive plans which are paid out at the discretion of the company and subject to individual and company performance.

Go ahead and expect a lot — you deserve it.

It's better here — but don't take our word for it. Definity was named by Great Place to Work as one of the Best Workplaces in Canada for women, for youth, and for inclusion.

Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know by contacting [email protected].

Background checks

This role requires successful clearance of background checks (including criminal checks and leadership references).