Actuarial Associate

BMO•Toronto, ON

3d•Onsite

About The Position

This role primarily supports the valuation team in performing a range of actuarial tasks. The successful candidate will assist with regulatory and financial reporting, perform actuarial calculations and analysis, and support the development and enhancement of documentation and audit responses. The role involves working with actuarial models, analyzing data, and contributing to process improvement initiatives across the team.

Requirements

1-3 years of relevant experience with a post-secondary degree in a related field, or equivalent combination of education and experience.
Completion of 3–5 preliminary SOA exams (or equivalents).
1+ years of experience in actuarial financial reporting or corporate actuarial functions.
Working knowledge of valuation, projections, pricing analysis methodology, and financial reporting processes.
Familiarity with Traditional, Term, and Universal Life products.
Strong analytical, problem-solving, and data-driven decision-making skills.
Excellent verbal and written communication skills.
Proven collaboration and team skills, with the ability to influence and align stakeholders.
Ability to work independently on complex tasks and manage competing priorities.

Nice To Haves

Hands-on experience with AXIS and Risk Integrity experience preferred.
Good understanding of IFRS 17 is an asset.

Responsibilities

Perform calculations and analysis required for regulatory and financial reporting.
Extract, validate, and reconcile actuarial model inputs/outputs to support IFRS reporting controls and stakeholder requirements.
Assist in developing, maintaining, and enhancing actuarial documentation to ensure process clarity and consistency.
Support the team in preparing and responding to audit requests.
Conduct independent analysis to identify and resolve issues, providing insights and recommendations.
Review model outputs and actuarial assumptions for accuracy and consistency.
Present findings and recommendations to the team, including analysis of reporting results and model changes.
Contribute to the design, implementation, and improvement of core business processes and tools.
Build effective relationships and ensure alignment with internal and external stakeholders.
Provide guidance and support to business partners based on an understanding of strategic goals and actuarial insights.