Actuarial Analyst

Medavie; Canada; Hybrid; CAD 53,000 - 69,000; Full time

Benefits offered by this job

Remote work within Canada

Hybrid or in-office options

Job summary

Blue Cross Life Insurance Company of Canada (Blue Cross Life) is seeking an Actuarial Analyst to support profitability goals and collaborate across Canada. The role offers flexible remote work within Canada or hybrid/onsite options in Moncton or Quebec offices.

You will analyze group insurance profitability, develop models, and assist underwriting on large quotes with a strong emphasis on data and process improvements.

Qualifications

• University degree in Mathematics, Statistics, Actuarial Science, Finance, or another closely related field.
• Progress toward ASA and/or ACIA designation considered an asset.
• Exceptional analytical skills with a strong attention to detail.
• Experience with process improvement and automation initiatives.
• Experience building, documenting, and maintaining business process models.
• Strong problem-solving skills to identify and resolve issues in complex data sets.
• Ability to work independently and in a collaborative team.
• Knowledge of group insurance products is an asset.
• Bilingual EN/FR is an asset; English is required for service delivery and communication.

Responsibilities

• Complete quarterly reporting to analyze and monitor profitability of group insurance products.
• Identify and implement enhancements to reporting processes to support efficiency initiatives.
• Create and/or populate actuarial models to price various group life products and revisions.
• Provide support to underwriting for large/complex quotes.
• Communicate with reinsurance partners on quotations and pricing models; evaluate reinsurance treaties.
• Support the implementation and testing of new products in quotation tools and systems.
• Adapt processes and tools to test new IT systems and data sources.

Skills

Analytical skills

Data analysis

Problem solving

Independent work

Bilingual EN/FR

Education

University degree in Mathematics/Statistics/Actuarial Science/Finance

Job description

Position Type: Permanent As one of Canada’s leading life insurers, Blue Cross Life Insurance Company of Canada (Blue Cross Life) takes great pride in being the most trusted brand by Canadian consumers, offering exceptional coverage tailored to protect them and their families. Federally licensed with operations across Canada, Blue Cross Life provides a full suite of top-tier Individual and Group Life and Disability insurance options. This comprehensive range of products is backed by an insurer with decades of experience protecting Canadians. Our employees are the key component in enabling us to deliver competitive life and disability products nationally; we value their knowledge and integrity and are dedicated to their professional development by providing an environment of continuous learning and growth. We seek creative problem solvers who care about the work they do while helping to drive responsiveness and insight throughout our organization. If you are looking for an opportunity in a challenging, fast-paced, and collaborative work environment, the career you have been looking for may be waiting for you at Blue Cross Life. What’s in it for you? We provide a work environment where people are respected and fulfilled both professionally and personally through healthy relationships, work-life balance and meaningful work. And because we’re in the insurance business – paid benefits and perks to keep you at your very best!

Your everyday with us As an Actuarial Analyst, no two days will look the same. You’ll have the opportunity to play a significant role in ensuring the company’s objectives for profitability are achieved and collaborate with people from various teams from Blue Cross organizations across Canada. You’ll need strong analytical skills and a love for data/analytics. This role offers flexibility to work remotely within Canada, or in a hybrid or in-office arrangement based out of our Moncton or Quebec offices.

Responsibilities

• Complete quarterly reporting to analyze and monitor the profitability of group insurance products
• Identify and implement enhancements to reporting processes to support our efficiency initiatives
• Create and/or populate actuarial models to price various group life products and revisions
• Provide support to the underwriting team for large/complex quotes
• Communicate with reinsurance partners regarding quotations and technical pricing models and evaluate/review reinsurance treaties
• Support the implementation and testing of new products or product changes in quotation tools and administrative systems
• Adapt current business processes and tools to test and accommodate the roll-out of new IT systems and data sources

What you need to succeed

University degree in Mathematics, Statistics, Actuarial Science, Finance, or another closely related field

• Progress toward ASA and/or ACIA designation considered an asset
• Exceptional analytical skills with a strong attention to detail
• Demonstrated interest and experience in process improvement and automation initiatives
• Experience building, documenting, and maintaining business process models
• Strong problem-solving skills with proven ability to identify, analyze, and resolve issues within complex data sets
• Ability to work effectively both independently and as part of a collaborative project team
• Knowledge of group insurance products considered an asset
• Bilingualism (EN/FR) is considered an asset. English is requirement, written and verbal, to provide services to our customers and communicate with internal stakeholders

Salary and Benefits

Pay Range $53,236 - $$69,000 CAD

#CBM1 This posting is for an existing vacancy within our organization / Ce poste est actuellement vacant au sein de notre organisation. The Base Pay range may vary depending on the successful candidate or other relevant job-related factors such as knowledge, skills, qualifications, experience and education/training. In addition to Base Pay, eligible Blue Cross Life employees may participate in various performance-based incentive programs. Payments under these programs are discretionary and subject to both individual and organizational results.

Equal Opportunity and Inclusion

Blue Cross Life is an equal opportunity employer. We strive to foster a culture where everyone is enabled to achieve their full potential - a culture of diversity, equity and inclusion (DEI). Accessibility is a top priority. For applicants with disabilities, we provide accommodations throughout the recruitment, selection and/or assessment process. If selected to participate in the recruitment, selection and/or assessment process, please inform Human Resources staff of the nature of any accommodation(s) that you may require in respect of any materials or processes used to ensure your equal participation. While Blue Cross Life may use automated tools, including AI, to support application screening, candidates are expected to complete all recruitment interactions independently—without AI assistance—to ensure a fair and equitable process.

We would like to thank all candidates for expressing interest. Please note that only those selected for interviews will be contacted.