VP, Commercial & Farm Pricing

Company: CGIC
Department: P&C Insurance Solutions
Employment Type: Regular Full-Time
Work Model: Hybrid
Language: English is required, French is an asset.
Additional Information: This/these role(s) is/are currently vacant

We are a leading Canadian financial services co-operative committed to being a catalyst for a sustainable and resilient society and our team is essential to deliver on this strategy.  That’s why we prioritize our people, to ensure we provide a strong culture and development opportunities which enables our team to thrive and to live our purpose.  The best part is that you will work with people that care passionately about you, our clients and our communities.

The Vice-President of Commercial and Farm Pricing is responsible for the development and implementation of pricing and rate segmentation strategies for Commercial and Farm products at CGIC and CUMIS General. The incumbent is also responsible for providing Sovereign with enterprise level actuarial services such as actuarial tools and guidance, financial planning support and portfolio rate assessments.

• Developing and maintaining commercial and farm pricing and segmentation strategies that emphasize the balance between profitability and growth and align with corporate strategies.
• Overseeing the completion of regular profitability reviews in accordance with actuarial best practices and proactively identifying underlying trends and strategies to address them.
• Leading strategic project planning, initiation, execution, and benefits realization for commercial and farm product pricing projects and contributing to and supporting other strategic projects.
• Collaborating with peers to oversee operations, including actively managing the business, accurate rate implementation, and understanding regulatory risk to influence and maintain compliant business processes.
• Inspiring and motivating your leadership team to define and execute strategic objectives through effective coaching and mentoring, identifying and developing leadership talent, and fostering an innovative, collaborative, diverse, and agile culture.
• Provide the following Pricing Alliance shared services for all product lines: overall rate level indications, pricing innovations, processes and controls, risk accumulation management.

• You have seven years of experience in Commercial Lines Pricing in the Canadian P&C market, including consumer-based rate setting, product development, segmentation, and underwriting, as well as people leadership experience.
• You have a post-secondary degree and have completed the Associate of the Casualty Actuarial Society (ACAS) designation.
• Having the Fellow of the Canadian Institute of Actuaries (FCIA) and/or the Fellow of the Casualty Actuarial Society (FCAS) designation(s) would be an asset.
• You have expert knowledge of actuarial pricing, business strategy, commercial and farm products, and insurance concepts, practices, and regulatory bodies.
• This position primarily works with majority non-francophone groups, and teams located outside of Québec, and requires proficiency in English. The essential non-French duties are not assignable to adjacent or other team members. 

• You prioritize collaboration across teams and functions, leveraging diverse perspectives to drive innovative solutions and achieve superior results.
• You cultivate a client centric culture, drive organizational change and champion innovative thinking.  
• You foster sustainable relationships with stakeholders to identify strategies, explore broader solutions and collaboratively resolve contentious issues.
• You build trust with employees and business partners and inspire your team through compelling communication.
• You role model the co-operative values, encourage the development of your leaders and build high performing teams to meet the evolving needs of the organization.
• You are integral in identifying and implementing the long-term vision for the organization and apply a strategic mindset to adjust business priorities based on emerging trends.

• You will travel regularly
• As a leader, strict confidentiality is required with respect to sensitive matters and employees’ personal information.
• You will be subject to a Background check as a condition of employment, in the event you are the successful candidate.

• Training and development opportunities to grow your career.
• Flexible work options and paid time off to support your personal and family needs.
• A holistic approach to your well-being, with physical and mental health programs and a supportive workplace culture.
• Paid volunteer days to give back to your community.
• In addition to our competitive salary and incentive programs, eligible employees also benefit from a comprehensive total rewards package including group retirement savings plans, pension and benefits (e.g., health and wellness, dental, disability and life coverage), mental health support and an employee assistance program.