Actuarial Intern (Fall 2026)

Pacific Life Re•Toronto, ON

3d•CA$55,000 - CA$74,000•Hybrid

About The Position

Jumpstart your Actuarial career with Pacific Life! We are dedicated to your growth and providing opportunities to thrive! We’re investing in bright, agile new talent with fresh perspectives to help us innovate and build meaningful relationships for years to come. It’s in this spirit that we are currently recruiting interns for 2026 to work within multiple Actuarial teams based in our downtown Toronto office: Actuarial Analytics & Insight, Protection Valuation, Capital Research & Development Enterprise Actuarial Projects Protection Pricing Through our interview process, we will determine which of these Actuarial focus areas presents the best fit (and you will have a chance for input!). Note that this role operates on a hybrid schedule, requiring a 4-day per week in-office presence. Program highlights include: Product Training: You will be trained in Pacific Life’s Retirement Solutions and Life Insurance products from a direct insurer and reinsurance division perspective to ensure you start your internship with a high-level understanding of what we offer to our customers. Mentorship: You will be assigned an Executive mentor who will meet with you to discuss their knowledge and experience and provide you with guidance on your internship and career path. Hands On Experience: You will be participating in actuarial projects that will give you a true understanding of the profession. The projects you will work on will contribute to your teams’ and company goals. Examples of projects include Creating dashboards to visualize data, Automating processes and calculations, Rider Analysis, Cash Flow Analysis, and Creating tools for efficiency. Rotational Events: You will be invited to a series of interactive presentations in which key actuaries throughout the company will provide an overview of their department and job duties as well as their experiences as an actuary. This will include exposure to Modeling, Risk Management, Product Design, Pricing, Valuation, and more. Social Activities: Networking opportunities, Executive speaker series, community service events, and social outings.

Requirements

Completion of at least 1 Society of Actuaries exam is required.
Pursuing an undergraduate degree majoring in Mathematics, Statistics, Economics, Finance, or Actuarial Science.
Demonstrates an appropriate level of actuarial knowledge for their experience level.
Ability to problem solve and demonstrate leadership.
Strong communication and analytical skills.
Desire to gain more experience in the actuarial field.
Participates actively in meetings, has 'meeting presence'.
Ability to work well on a team as well as independently.
Takes responsibility for quality, completeness and accuracy of work.
Shows initiative, flexibility and resourcefulness.
Ability to deal with challenging deadlines and prioritizes effectively.

Nice To Haves

Continuous Learning. You want to continue learning and expanding both the depth and breadth of your knowledge as it pertains to your functional responsibilities and business acumen.
Curiosity. You demonstrate an interest in finding underlying causes and understanding how the work you do relates to our business mission and strategy.
Adaptability. You can adjust your focus and/or approach depending on results, strategy or business needs.

Responsibilities

Support quarterly and annual valuation and financial reporting activities under the following accounting and regulatory bases: US Statutory & US Tax. US GAAP. IFRS17 & LICAT. Economic Capital. Bermuda Statutory.
Perform miscellaneous reserve calculations, reconciliations and analysis.
Verify and understand actuarial assumptions.
Calculate reserves and capital requirements from first principles.
Assist with reserve sensitivities and scenario testing.
Perform valuation model spot-checks under various accounting and regulatory bases, i.e. for sample policies, perform independent validation of system reserves generated in AXIS actuarial software.
Confirm the accuracy and completeness of the valuation data.
Document and explain the results.
Support other activities and projects as needed.
Implement changes in the AXIS actuarial model.
Test the impact of various valuation system changes.
Participate in various other investigations.
Apply statistical methods in the calibration of the divisional economic capital model via the "quantifying insurance risk" framework.
Contribute to the development of key assumptions (mortality, longevity, critical illness, and disability assumptions) through analysis of internal and external data.
Build your technical toolkit by working with tools such as Excel, R, SQL and Tableau to support the wider R&D team with improvements across processes, tools, models, and documentation, as well as challenging current practices.
Contribute to complex actuarial projects, ensuring timely and accurate completion.
Provide support across enterprise actuarial transformation efforts leading to efficiencies.
Support implementing model development projects, conversions and large-scale changes.
Prepare presentations for senior management, summarizing findings and providing actionable recommendations.
Communicate complex actuarial concepts and results to non-actuarial stakeholders in an understandable manner.
Support pricing projects and quotes under the guidance of senior actuarial team members
Help maintain and update pricing models and tools
Support ongoing improvements to pricing processes

Benefits

23 days of annual leave (Regular employees) with option to buy or sell more days
Fertility leave
Generous parental leave
Group Life Insurance and Accidental Death & Dismemberment coverage for all permanent employees
Dental & Optical benefits
RRSP: company-matched contributions
Employee and Family Assistance Program
Subsidized gym membership
Time off for volunteering
Charitable matching of employee donations