Intermediate Actuarial Analyst - Strategic Risk

Definity Insurance Company • Toronto, ON

49d • Hybrid

About The Position

Reporting to the Director – Strategic Risk, Corporate Actuarial, the successful
candidate will be responsible for Risk Management activities relating to
assessing climate perils and the impact of climate change on the company’s
operations

Requirements

• University degree in Actuarial Science, Mathematics, Statistics, or a related quantitative discipline.
• Completion of at least four CAS exams (or equivalent actuarial credentials) & 2–3 years of actuarial experience within the insurance industry.
• Strong programming capabilities, including proficiency in Python and commonly used scientific libraries (e.g., pandas, NumPy, SciPy, scikit‑learn).
• Demonstrated ability to collect, clean, manage, and analyze large and complex datasets, including climate, exposure, and socioeconomic data.
• Proven ability to work both independently and in collaboration with cross‑functional teams.
• Excellent communication, organizational, and time‑management skills.
• Highly adaptable team player with a strong sense of ownership, accountability, and initiative, coupled with a results‑oriented mindset and the ability to translate analytical insights into meaningful business impact
• Strong presentation skills and the ability to communicate complex analytical concepts clearly to a range of audiences.

Responsibilities

• Monitor and assess emerging catastrophe‑related risks on the company’s business operations.
• Conduct research on climate‑related hazards and evaluate how climate change and other human‑driven factors influence exposure, vulnerability, and overall implications for the insurance industry.
• Analyze, interpret, and visualize geospatial and climate datasets using programming languages (e.g., Python, R) and spatial analysis tools (e.g., GIS platforms) to generate actionable insights.
• Support the development, calibration, and testing of catastrophe models, ensuring methodological rigor and alignment with internal risk frameworks.
• Communicate complex analytical results clearly and effectively through presentations, written reports, and dashboards tailored to both technical and senior leadership audiences.
• Collaborate cross‑functionally with Actuarial partners (Reserving, Planning), and external groups such as Finance, Reinsurance, and Enterprise Risk Management (ERM) to address multi‑dimensional risk challenges and support enterprise decision‑making.
• Identify and implement opportunities to enhance processes, improve data workflows, and strengthen analytical efficiency and consistency.
• Provide support to the team leader in coaching, mentoring, and developing team members to foster a high‑performing and learning‑oriented environment.

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: Mid Level
• Number of Employees: 1-10 employees