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Intermediate Actuarial Analyst, Corporate Actuarial – Reserving

Job ID : 6131
Category : Corporate Actuarial & Risk
Brand : Definity
Regular/Temporary : Regular
Fulltime/Parttime : Full Time
Location : Toronto, Canada

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Definity includes some of Canada’s most long-standing and innovative insurance brands, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. With strong roots that date back to 1871, we’ve grown to become a digital leader in the insurance industry. We’re proud to help our clients and communities adapt and thrive in a world of constant change.

Our promise to you: It’s better here. Why? Because we CARE, and we provide an employee experience that’s collaborative, ambitious, rewarding, and empowering.

Our ambition is to be one of Canada’s leading and most innovative P&C insurers. Come be a part of our journey, and love what you do.

Starting in September, Definity employees move to a hybrid work model so we can collaborate, build mentoring relationships, and solve complex or cross-functional business opportunities together. Our teams work in whichever environment best supports what they're working on and who they're working with. We're actively reinventing our offices as welcoming workspaces that optimize collaboration and empower leaders to use our space to strengthen team dynamics. Our tools and processes seamlessly connect employees from multiple locations, and our culture encourages respectful engagement and flexibility. Leaders work with their teams to determine the right balance of on-site and remote work that best meets the needs of their team, cross-functional engagement, responsibilities and timelines, plus those of our customers, our broker partners, and the company culture.

Reporting to Director Reserving, the Intermediate Actuarial analyst is responsible for the valuation of policy liabilities and the month-end booking.

What can you expect in this role?

  • Emphasis on learning various actuarial operations and the insurance business, such as underwriting, claims handling, and product development;
  • Develop and apply professional experience with spreadsheets, databases, and statistical software to compile and categorize data used in reserving;
  • Communicate actuarial concepts and make recommendations to Actuarial management both verbally and in writing with supporting documentation;
  • Recommend solution in light of current system capability and functionality to improve performance
  • Produces various data exhibits and analysis relating to measuring, tracking, and monitoring company and industry performance;
  • Responds to routine requests of internal and external stakeholders related to standard reports and processes with validation from more senior staff;
  • Perform peer reviews on the technical work of peers and more junior staff.

What do you bring to the role?

  • University degree in a quantitative field: Actuarial Sciences, Mathematics, Statistics
  • Must have completed 3 to 5 exams of the Casualty Actuarial Society;
  • Must have 1 to 2 years of relevant full time experience;
  • Must have excellent communication and organizational skills.
  • Must possess strong programming skills, including efficient use of Microsoft applications (Excel, Access, VBA, etc.)
  • Experience with SAS, Tableau, Python or R would be an asset
  • Professional, friendly and courteous in all interactions;
  • Perform well in a busy operation and remain calm under pressure;
  • Team player, adaptable to a changing and fast paced environment;
  • Excellent written and verbal communications skills;
  • Excellent organizational and time management skills.

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We also take potential into consideration. If you don’t have this exact experience, but you know you have what it takes, be sure to give us more insight through your application and cover letter.

Go ahead and expect a lot — you deserve it, and we’ve got it: 

  • Hybrid work schedule for most roles
  • Company share ownership program
  • 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

Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know by contacting: [email protected]

Background checks
This role requires successful clearance of a background check (including criminal checks and leadership references).

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