Actuarial Analyst/Associate

Equitable; Southwestern Ontario; Hybrid; CAD 70,000 - 100,000; Full time

Benefits offered by this job

Incentive pay

Benefits

Pension matching

Job summary

Equitable in Waterloo, Ontario, is seeking an Actuarial Analyst or Associate to join the Par Valuation team. You’ll work on IFRS 17 reporting for Traditional Participating insurance and participate in a rotation program to gain breadth across the business.

The role offers a hybrid work arrangement with in-office days and opportunities to develop analytics skills using AXIS, Moody’s, Excel and Access, while pursuing SOA exams toward FCIA/FSA designation.

Qualifications

• Actuarial work experience is beneficial
• Knowledge of IFRS 17 and individual insurance products is helpful
• Pursuit of FCIA/FSa preferable as part of the career path

Responsibilities

• Perform quarterly IFRS 17 reporting for Traditional Participating products
• Provide inputs to LICAT and Risk Measures reporting
• Calculate new dividends reflecting experience and update valuation models
• Project actuarial reserves, cash flows and capital requirements
• Implement new products in valuation models
• Suggest process improvements

Skills

Strong analysis

Problem solving

Multi-tasking

Excel

Access

IFRS 17 knowledge

Insurance products knowledge

Education

SOA exams (3+) preferred

FCIA/FSA designation

Tools

MS Excel

Access

Moody’s AXIS

Job description

At Equitable, we believe work should be a place where you feel supported, inspired, and empowered to grow. In our caring and collaborative environment, your curiosity is encouraged, your passion is recognized, and your contributions truly matter. Together, we create meaningful impact, for our clients, our communities, and each other.

The Opportunity

We're searching for an Actuarial Analyst or Associate to join our Par Valuation team. Reporting to the Director, Individual Corporate Actuarial, Traditional Participating Insurance, this position will provide the opportunity to gain a deeper understanding of Traditional Participating products and financial reporting under IFRS 17. You’ll participate in an actuarial rotation program and get the opportunity to experience and learn different areas of our business.

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. The aim of the Actuarial Program at Equitable is to build strong actuarial talent that has the capabilities necessary to lead a dynamic and strong mutual life insurance company.

Equitable has an excellent actuarial student program which includes paid study time, social events and leadership and development training. Equitable has been one of the fastest growing life insurance companies in Canada and the continued success of the company relies on the strength of its people.

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 than00 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

• Perform quarterly financial reporting under IFRS 17 for Traditional Participating products, including analysis of results
• Provide inputs to LICAT and Risk Measures reporting and for the Appointed Actuary’s Report
• Calculate new dividends reflecting recent experience and implement dividends and related assumptions in valuation models
• Participate in providing projections of actuarial reserves, cash flows, capital requirements for the business plan
• Implement new products in valuation models
• Make recommendations on process improvements

What you’ll bring

• Strong analysis and problem-solving skills
• Ability to work in a multi-tasking environment and meet deadlines
• Proficiency in the use of MS Excel and Access
• Familiarity with actuarial software Moody’s AXIS
• Actuarial work experience, knowledge of IFRS 17 and individual insurance products are beneficial
• A minimum of 3 SOA exams preferred, and a commitment to complete the FCIA/FSA 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

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 [e-mail]. 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, Individual Corporate Actuarial, Traditional Participating Insurance

Department: Corporate Actuarial

Term: Permanent Full-Time

This position is open and we are excited to find the right person to join our team.

As part of the recruitment process, you will need to go through background screening, as per our company policy.