Actuarial Associate

Equitable Life of Canada View all jobs

  • Waterloo, ON
  • Permanent
  • Full-time
  • 7 days ago
The Opportunity: At Equitable, we believe great things happen when we work together. We’re a Canadian mutual company driven by purpose - putting people first and helping Canadians protect today and prepare for tomorrow. If you’re passionate about making a difference and growing your career in an inclusive and collaborative environment, we’d love to hear from you. Our culture is built on care, passion and curiosity. We put people above all else, strive to be our best and welcome new ideas to deliver positive outcomes.We’re searching for Actuarial Associates (or Analysts) to join our Group Actuarial and Individual Pricing teams. We currently have two opportunities available, both within our Actuarial Student Program.Equitable provides an excellent opportunity for actuaries of all levels to develop a broad skill set and offers them the experience of working on a variety of actuarial topics. Through offering development opportunities, job rotations, compensation increases and SOA exam support, the Actuarial Student Program at Equitable Life aims to build strong actuarial talent. Equitable Life has been one of the fastest growing life insurance companies in Canada and the continued success of the company relies on strength of its people.Join one of the region’s top employers and be part of something that truly makes a difference.Work Arrangements: This is a hybrid role. You will work in our office in Waterloo, ON a minimum of two (2) assigned, consecutive days every other week, plus a fifth (5th) assigned day per month. You are welcome to work from the office more than the minimum requirement and there may be some roles that are required to work in our office more than the minimum requirement.What you’ll do:Group Actuarial Role:
  • Provide support to financial reporting of all Group Products (Life, AD&D, Health, Dental, STD, and LTD)
  • Analyze experience trends in inforce block and industry studies and communicate actionable information to key stakeholders
  • Provide data and analysis required for various industry studies including trend, drug pooling and expenses
  • Develop and execute monthly monitoring of different aspects of Group Benefits products profitability
  • Model and analyze impact of various financial management and operational initiatives
  • Provide support to drug cost management initiatives
  • Support reinsurance management activities including treaty revisions and settlement calculations
  • Complete experience studies and propose assumption changes.
Individual Pricing Actuarial Role:
  • Assist in the design and pricing of Individual life and health products (including Universal Life, Term, Traditional Par and Critical Illness) under an IFRS 17 basis.
  • Support profitability analysis for all Individual life and health products and recommend product pricing changes as needed to senior management for approval.
  • Support the sales and illustration process.
  • Assist in the development and production of reports for monitoring sales and product experience.
What you’ll bring:
  • A bachelor/master’s degree in mathematics, actuarial science, statistics or a related field
  • ASA/ACIA preferred
  • Sound computer software knowledge, particularly in MS Excel, SQL and MS Access
  • The ability to work in a multi-tasking environment, and meet deadlines.
  • A strong focus on customer service with excellent communication skills both verbal and written
  • Knowledge of Group Life and Health products is an asset for the Group role
  • AXIS experience and knowledge of Individual life products are assets for the Individual role
  • A minimum of 2 SOA Exams, and a commitment to complete the FSA/FCIA designation
What’s in it for you:
  • Career Growth: Regular learning sessions and development opportunities
  • Total Rewards: Incentive pay, annual salary reviews, employer-paid benefits and pension matching
  • Time Away: Competitive vacation plus one paid volunteer day each year
  • Flexibility: Healthy work-life balance with employee wellness always top of mind, complemented by a “dress for your day” approach
Please upload a copy of your Society of Actuaries or Canadian Institute of Actuaries transcript with your application.At Equitable, we’re committed to fair pay and an inclusive, accessible hiring experience. If you need accommodations or alternative formats at any stage, just reach out to us at . We’re happy to help.Your base pay will be based on your skills, qualifications, experience and education. In addition to your salary, this role is eligible for a discretionary annual incentive award tied to business performance, plus a wide range of competitive benefits.If you’re selected to move forward, our Talent Acquisition team will walk you through all the details of our total rewards program, so you know exactly what’s included.Reports To: Director
Department: Actuarial (Group Actuarial or Individual Pricing)
Term: Permanent Full-Time

Equitable Life of Canada