Analyst, Actuary

University Pension Plan•Toronto, ON

1d•CA$61,600 - CA$86,600•Hybrid

About The Position

Reporting directly to the Manager, Actuary, the Analyst, Actuary will provide actuarial and analytical support across pension administration and core actuarial activities at UPP. The Analyst, Actuary will work closely with Senior Analysts, the Manager, Actuary, and other members of the actuarial team to support a broad range of actuarial and pension-related activities. The role is suited for an early-career actuarial professional seeking to develop technical pension expertise and gain exposure to pension administration, funding, valuation, actuarial modelling, and strategic actuarial initiatives within a collaborative pension environment. The Analyst, Actuary will be expected to independently perform assigned actuarial analysis and calculations with guidance and oversight from senior team members as appropriate. The role offers meaningful exposure to actuarial operations, funding and valuation work, governance support, and cross-functional initiatives supporting UPP’s long-term sustainability objectives. The Analyst, Actuary will contribute to activities including: Pension administration calculations and actuarial support activities; Actuarial modelling and funding analysis; Valuation and funded status monitoring; Preparation of actuarial reports and presentation materials; Onboarding and employer analysis activities; and Actuarial projects and process improvement initiatives. The role will collaborate with internal stakeholders including Pension Services, Corporate Finance, Legal, Investments, and Engagement and Outreach teams, as well as external consultants and professional advisors. The ideal candidate is analytical, detail-oriented, adaptable, and collaborative, with strong technical and communication skills. The successful candidate will have pension actuarial experience or related actuarial experience and will be progressing toward ASA/ACIA designation completion. Familiarity with pension legislation, pension administration practices, and actuarial modelling tools is considered an asset. This role is based in downtown Toronto in a hybrid work environment, allowing employees the flexibility to work remotely and in-office (minimum two days per week in-office). This posting is for an existing vacancy.

Requirements

Bachelor’s Degree in Actuarial Science, Mathematics, or equivalent quantitative discipline.
Progress toward ASA/ACIA designation.
0 to 5 years of relevant actuarial or pension experience.
Strong technical proficiency with MS Excel and Microsoft Office applications.
Strong analytical, quantitative, and problem-solving skills.
Strong attention to detail and commitment to accuracy.
Effective verbal and written communication skills, including the ability to explain technical concepts clearly.
Ability to manage multiple priorities and meet deadlines in a dynamic environment.
Collaborative team player with a strong willingness to learn and develop professionally.
Strong interpersonal skills and ability to build effective working relationships.
Demonstrated initiative, accountability, and professionalism.
Adaptable and responsive within a growing and evolving organization.

Nice To Haves

Pension actuarial internship or co-op experience is considered an asset.
Experience with actuarial modelling tools, pension administration systems, or valuation software is considered an asset.
Familiarity with ProVal or similar actuarial software is considered an asset.
Familiarity with Ontario pension legislation, the Income Tax Act, and CIA standards of practice is considered an asset.

Responsibilities

Perform complex pension administration calculations including retirements, terminations, pre-retirement death cases, family law calculations, and other pension-related calculations.
Support the development, maintenance, testing, and validation of actuarial pension administration tools and processes.
Analyze and interpret pension plan provisions, pension legislation, and administrative practices in support of pension calculations and member scenarios.
Participate in quality assurance and validation activities related to pension calculations and system functionality.
Assist with identifying opportunities to improve actuarial administration processes, controls, and operational efficiency.
Support documentation and governance practices related to pension administration actuarial activities.
Perform actuarial analysis related to funding, valuation assumptions, demographic experience, and risk management activities.
Perform actuarial modelling, liability analysis, funded status monitoring, and funding projections with guidance from senior team members.
Prepare actuarial analysis, reports, presentations, and supporting materials for internal stakeholders and governance committees.
Support actuarial analysis related to onboarding and growth initiatives, including pension provision comparisons and member impact analysis.
Research actuarial, legislative, demographic, economic, and industry developments relevant to UPP and assess potential implications.
Participate in actuarial projects and cross-functional initiatives supporting long-term sustainability and operational effectiveness.
Collaborate with internal stakeholders across Pension Services, Finance, Investments, Legal, and other teams to support actuarial analysis and reporting activities.
Support annual financial reporting, audit requests, actuarial disclosures, and regulatory reporting requirements.
Coordinate with external consultants, auditors, and professional advisors as required.
Contribute to documentation, knowledge-sharing initiatives, and continuous improvement activities within the actuarial function.
Support additional projects and initiatives as required.