Actuarial Co-op

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.

Definity offers a flexible, hybrid work experience where employees work from the office and virtually depending on the type of work they are doing and who they are working with. Leaders partner with their teams to find the right balance of on-site and remote work that best meets the needs of their teams, colleagues, brokers and customers, while ensuring collaboration, teamwork and accountability for goals.

What can you expect in this role? 

Reporting to an Actuarial Manager, you will play a key role in contributing to projects in personal or commercial pricing, reserving, financial planning and economic capital modelling using state of the art models and innovative approaches. You will develop deep knowledge of actuarial operations and the insurance business, including predictive modelling, underwriting, claims handling, product development, reserving, estimation of policy liabilities, planning and/or forecasting 

About the role: 

• Develop and apply your experience with spreadsheets, databases, and statistical software to prepare and analyze data for profitability analysis and other diverse applications 

• Learn to interpret and use results of new and innovative modelling techniques and analytics to drive business decisions 

• Learn to produce various data exhibits and analysis to measure, track and monitor company and industry performance 

• Learn to communicate actuarial concepts both verbally and in writing 

• Respond to requests of internal and external stakeholders with support from more senior staff 

What do you bring to the role? 

• Currently enrolled in a university degree program in Actuarial Sciences, Mathematics, Statistics or other relevant discipline and still actively enrolled until at least January 2023 

• Must have successfully completed at least 1 exam of the Casualty Actuarial Society and/or of an international actuarial organization equivalently recognized by the Casualty Actuarial Society 

• Must possess strong programming skills, including knowledge of SAS, R and/or SQL , and efficient use of Microsoft applications (Excel,VBA, etc.); 

• Knowledge of Emblem, Radar and/or ResQ is an asset 

• Must have excellent problem solving, communication and organization skills  

 

Work Location: The position will either be a hybrid (1-3 days in office) or fully remote. These positions are spread across our different locations including Kitchener/Waterloo, Mississauga and Toronto

How to apply: Submit a cover letter, the most recent copy of your transcript, resume and 1 letter of reference in one document  

 

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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