Actuarial Analyst Co-op — Winter 2027

BMO U.S.; Canada; On-site; CAD 45,000 - 100,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Accident and life insurance

retirement savings plans

Job summary

BMO Financial Group in Canada hosts a campus co-op/intern program designed for students enrolled in an academic program and returning to studies, offering hands-on experience in actuarial reporting and data analysis.

You will participate in programs such as the Women in Banking Mentorship Program, BMO Academy learning platform and access to various Employee Resource Groups to further develop your network within BMO.

Qualifications

• Typically between 1 - 4 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Enrolled in the actuarial program and completed 3 to 4 exams.
• Specialized knowledge from education and/or business experience.
• Verbal & written communication skills - In-depth.
• Collaboration & team skills - In-depth.
• Analytical and problem solving skills - In-depth.
• Influence skills - In-depth.

Responsibilities

• Executes the calculations and analysis required for regulatory and management reporting and provides support to the actuarial production of work.
• Extracts and compiles actuarial data to ensure that the investment and risk portfolio conforms to prescribed guidelines.
• Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
• Builds effective relationships with internal/external stakeholders.
• Ensures alignment between stakeholders.
• Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
• Assists with the calculations required for the opinion on the various Appointed Actuary legal responsibilities.
• Checks and reviews various outputs from models used as the basis for the Appointed Actuary’s opinion.
• Opinions are required for the value of actuarial liabilities held on the Balance Sheet, annual opinion on the ongoing solvency of BMO Insurance (DCAT Reports), quarterly regulatory capital calculations, and annual Participating Policyholder Bonus recommendations.
• All opinions are under detailed scrutiny by OSFI, BMO Insurance Boards of Directors, internal and external auditors.
• Reviews and analyzes actuarial issues for presentation to the Appointed Actuary for signoff.
• Includes review of new product initiatives, review of economic capital calculations, review of financial business plans and additional actuarial support for risk, legal, policyholder services and other areas.

Skills

Analytical thinking

Verbal & written communication

Collaboration & teamwork

Influence skills

Education

Post-secondary degree in related field

Actuarial program enrolled; 3–4 exams completed

Tools

None

Job description

BMO Financial Group in Canada hosts a campus co-op/intern program designed for students enrolled in an academic program and returning to studies, offering hands-on experience in actuarial reporting and data analysis.

You will participate in programs such as the Women in Banking Mentorship Program, BMO Academy learning platform and access to various Employee Resource Groups to further develop your network within BMO.