Job ID : 6045
Category : Corporate Actuarial & Risk
Brand : Definity
Regular/Temporary : Temporary
Fulltime/Parttime : Full Time
Location : Waterloo, Canada
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.
YOUR NEXT CO-OP PLACEMENT
Work term: Winter
Work term length: 4-month or 8-month or 12-month
From classroom to co-op to career, every step of your journey has an impact on your future. That’s why it makes sense to choose a co-op placement with a company that offers truly rewarding work and real-life experience. At Definity®, your contributions, creativity, and energy will be put to good use, and you’ll get to be involved with initiatives that support our strategic goals and use your skills in a supportive team environment.
If you’re looking for a company that takes care of its people — full time, part time, and co-ops alike — and has a track record of doing big things, get ready to love it here.
What can you expect in this role?
Reporting to a Modelling & Pricing Analytics Manager, you will play a key role in contributing to the pricing and insurance projects using state of the art models and innovative approaches. If you’re a data scientist, statistician, mathematician or actuary who is passionate about modelling and advanced analytics, this is a great opportunity to learn how true actuarial operations work in an innovative company.
What you’ll be doing
Develop knowledge of actuarial operations and the insurance business, including predictive modelling, underwriting, claims handling, and product development
Develop experience with databases and statistical software to prepare and analyze data used in pricing, modelling, profitability analysis and other diverse applications
Contribute to the support, management and monitoring of models throughout the model lifecycle
Learn to communicate data and modelling concepts to others both verbally and in writing
Respond to requests of internal and external stakeholders with support from more senior staff
What you bring
Currently enrolled in a university degree in Actuarial Sciences, Mathematics, Statistics, Software Engineering, Computer Science, Data Science or other related fields
Must possess strong programming skills, including knowledge of Python, R and/or SQL
Knowledge of machine learning techniques like GLM, GAM, XGBoost, Neural Networks, k-NN and SVM is an asset
Knowledge of Git for version control and collaboration, APIs, agile methodologies and/or Sharepoint is an asset
Did you know?
We care about our co-ops: Definity’s co-op students are considered the best pipeline of talent for our full-time, permanent positions.
We care about students: Economical distributes $85,000 in scholarships to students across Canada each year.
We care about our community: Economical donates more than $1 million every year to causes that drive true change in the neighbourhoods in which we live and work.
What can Definity offer you?
Meaningful work forwarding our purpose of building a better world by helping our clients and communities adapt and thrive in their hardest times of need.
Culture of accountability, empowerment, and collaboration.
Opportunities to support personal and professional growth through real-life experience and unique learning opportunities. Our Leadership Essentials program builds knowledge and skills to Team Leaders to Directors
Opportunity to join our employee groups - focused on women's empowerment, LGBTQ+, anti-racism and cultural equity, and environmental activism
Determined to create positive change for our environment, our people, and our communities, now and in the future. Check our ESG work!
Visit www.definityfinancial.com to learn more about us and what we’re up to.
Work location: Hybrid and flexible work location
How to apply: Submit a cover letter, resume, and transcript
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:
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]
This role requires successful clearance of a background check (including criminal checks and leadership references).