September 2027 - Actuarial Life (Non-CPA) - 4 month Co-op - Toronto

PwC•Toronto, ON

1d•CA$70,000 - CA$80,000•Hybrid

About The Position

At PwC Canada, we’re more than a professional services firm—we’re a community of solvers tackling the world’s most important problems. As a co-op in our Risk Services practice, you’ll be part of a diverse, inclusive team that values your perspective and empowers you to make a real impact. You’ll build relationships, gain hands-on experience with cutting-edge technologies, and contribute to work that matters—whether its helping clients navigate complex challenges or driving trust in their reporting. Throughout your co-op term, you’ll be supported by experienced professionals and exposed to our innovative AI and digital tools to help you build future-ready capabilities in data, technology, and business acumen. You’ll also gain firsthand experience of busy season and see how risk assurance work unfolds in real time. Whether you're working from a PwC office, a client site, or remotely, you’ll be part of a collaborative environment that encourages curiosity and continuous learning. Grow here, go further. The Opportunity: Actuarial Life A career in our Risk Modelling Services (RMS) team as a Life Actuary will provide you with the opportunity to contribute risk modeling and general insurance advice and consulting services to insurance companies, reinsurance companies, and government agencies, as well as audit support for various insurance entities. You will work directly with our experienced actuaries and other actuarial associates on a wide range of projects including valuation, pricing, financial reporting, capital reporting, modelling, risk management and implementation of new laws and regulations. Other than core actuarial functions, you may also be involved in broader risk modelling services across all sectors in areas related to ESG reporting, cyber risk modelling, and predictive analytics. As Life Actuarial Associate on the Risk Modelling Services team, you'll work as part of a team of problem solvers, helping to solve complex business issues from strategy to execution. Responsibilities include but are not limited to: Provide support for IFRS 17 financial statement audits as an actuarial specialist, including assessment of valuation methodology and assumptions, experience studies, regulatory capital reporting, reserve reconciliation and data validation. You will work closely with experienced actuaries and colleagues on the Core Assurance team to ensure that the actuarial liabilities are fairly presented in the financial statements. Provide support for a broad range of actuarial consulting services. These could include Appointed Actuary work, model development, model validation, pricing and product development, model risk management, climate risk management, etc. Participate in business development and ad-hoc projects (e.g., actuarial and finance modernization, process automation, development of AI solutions). Participate in cross-functional projects with other teams within PwC, such as Financial Services Consulting, Advisory, Deals, Tax, and Data & Analytics.

Requirements

Pursuing a bachelor's degree in actuarial science, Mathematics, Statistics, Finance, Computer Science, or a related field.
Actively working towards a CIA/SOA designation.
Strong proficiency using Microsoft Office Suite, including Excel, PowerPoint, and Word.
Strong analytical and problem-solving skills with strong attention to detail.
Strong written and oral communication skills.
Ability to manage multiple, concurrent priorities and work effectively under tight timelines.
Exceptional commitment to providing excellent client service, by building and maintaining productive relationships with both internal and external clients.
An interest in upskilling a digital world and technology trends, an openness to learning new tools and adapting how you work.
Entrepreneurial mindset, challenging the status quo and seeking self-improvement.
A demonstrated commitment to valuing differences and working alongside and/or coaching diverse people and perspectives.

Nice To Haves

Knowledge of actuarial theories, insurance products and prior actuarial work experience are considered an asset.
Experience in Moody’s AXIS and Risk Integrity, data analytic tools (e.g. Alteryx, Tableau), and programming languages (e.g. Python, SQL, VBA) is considered an asset.
Experience presenting in a business context is considered an asset.

Responsibilities

Provide support for IFRS 17 financial statement audits as an actuarial specialist, including assessment of valuation methodology and assumptions, experience studies, regulatory capital reporting, reserve reconciliation and data validation.
Work closely with experienced actuaries and colleagues on the Core Assurance team to ensure that the actuarial liabilities are fairly presented in the financial statements.
Provide support for a broad range of actuarial consulting services, such as Appointed Actuary work, model development, model validation, pricing and product development, model risk management, climate risk management, etc.
Participate in business development and ad-hoc projects (e.g., actuarial and finance modernization, process automation, development of AI solutions).
Participate in cross-functional projects with other teams within PwC, such as Financial Services Consulting, Advisory, Deals, Tax, and Data & Analytics.

Benefits

Competitive salary, determined by your skills, experience, qualifications, and work location.
Competitive study program, including study time and financial support to cover actuarial exam fees and study materials.
On-the-job training and mentorship.
Coaching that will support your career development plan and objectives.
Building relationships with key actuarial clients, talented colleagues, and industry experts.
Flexible health, dental, vision, life, and disability coverage.
Mental health support ($3,500 annually).
Virtual care.
Up to a $750 lifestyle account for wellness, fitness, and personal growth.
Employer matching for retirement savings.
Financial planning resources and banking programs.
Coaching, mentoring, and clear career paths.
Up to 31 paid days off including summer and winter office closures.
Substitute a public holiday to observe your religious holiday.
International remote work options to extend your time abroad.