Analyst, Actuarial

Definity Insurance Company • Toronto, ON

9h • CA$59,000 - CA$108,600 • Hybrid

About The Position

The Junior Actuarial Analyst supports the Reserving team in evaluating and monitoring Definity’s loss reserves. This role involves analyzing claims data, assisting with month-end booking and quarterly valuation reviews, and developing actuarial models to ensure appropriate reserve adequacy. The analyst will collaborate with cross-functional teams, contribute to financial reporting, and support process improvements. This position provides valuable exposure to actuarial methodologies, regulatory requirements, and business insights, while supporting progress toward actuarial credentials.

Requirements

• University degree in a quantitative field: Actuarial Sciences, Mathematics, Statistics.
• Completion of a minimum of 2 CAS/SOA exams.
• Proficient in Microsoft Excel / Word / PowerPoint.
• Can-do attitude, result-oriented mindset with strong willingness to deliver high-quality work products with the required timeline.
• Respond to routine requests of internal and external stakeholders related to data extraction, adequacy assessment, financial reports with validation from senior staff.
• Strong communication and presentation skills to convey complex concepts accurately and concisely to both technical and non-technical stakeholders.
• Team player, adaptable to a changing and fast-paced environment.

Nice To Haves

• Prior knowledge / experience in P&C insurance is an asset.
• Knowledge in SQL / Python is an asset.

Responsibilities

• Be a part of the Reserving team within Corporate Actuarial department.
• Exposure to the monthly estimation and adequacy assessment of Definity’s Personal and Commercial portfolio reserves.
• Develop and apply your experience with spreadsheets, databases, and statistical software to prepare and analyze data for claim experience assessment, reserve adequacy analysis and support the presentation of these findings to stakeholders.
• Opportunity to work closely with the Appointed Actuary and cooperation with internal Corporate Actuarial partners and external Finance / Reinsurance / Claims / Business stakeholders.
• Communicate actuarial concepts and make recommendations to both technical and non-technical stakeholders verbally and in writing with supporting documentation.

Benefits

• Hybrid work schedule for most roles
• Company share ownership program
• Incentive Program - 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.
• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level