Actuarial Analyst- Pricing

Medavie; Canada; Hybrid; CAD 58,000 - 67,000; Full time

Job summary

Blue Cross Life Insurance Company of Canada seeks an Actuarial Analyst for an 18-month contract within the Pricing team. You will build, maintain, and enhance AXIS pricing models for individual life insurance products and contribute to pricing initiatives.

You will collaborate with colleagues across actuarial, product, finance, and operations to support product development, pricing strategy, and reinsurance activities, while updating assumptions and conducting sensitivity analyses.

Qualifications

• Completion of at least two actuarial exams with progress toward ASA/ACIA.
• Minimum 2+ years actuarial experience in life insurance pricing or product development.
• Experience using AXIS for modeling and pricing analyses; strong Excel skills.

Responsibilities

• Build and maintain AXIS pricing models for individual life insurance products.
• Support pricing analyses, product development, and reinsurance activities.
• Prepare reports on profitability, experience, and market trends.
• Collaborate with actuarial, product, finance, and operations teams.

Skills

Analytical skills

Problem solving

Cross-functional collaboration

Excel skills

VBA (asset)

English proficiency

Education

Actuarial exams progress toward ASA/ACIA

Tools

AXIS

Excel

VBA

Job description

Position Type: Temporary - Temporaire 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.

Flexible Work Options We offer flexible work arrangements to support our employees' diverse needs and lifestyles. This role can be performed remotely from anywhere in Canada, in a hybrid arrangement, or in person from our Montreal or Moncton offices. Regardless of where you work, you'll be part of a collaborative team that values connection, learning, and shared success.

Your Impact Join our Pricing team, where your analytical expertise helps shape products that make a difference in people's lives. This is an 18-month contract opportunity with the potential to become permanent based on business needs. As an Actuarial Analyst, you'll support the development and pricing of individual life insurance solutions while collaborating with colleagues across Canada. You'll contribute to initiatives spanning pricing analysis, product development, reinsurance, profitability reporting, and model enhancement, helping drive informed business decisions and the continued success of Blue Cross Life.

As an Actuarial Analyst, You Will Build, maintain, and enhance AXIS pricing models for individual life insurance products, including assumption updates, model input and output development, and sensitivity and scenario testing. Perform actuarial analyses to support new product development, product enhancements, and other pricing initiatives. Evaluate pricing outcomes, experience studies, and market trends to provide insights and recommendations that support product design and pricing decisions. Partner with colleagues across actuarial, product, finance, operations, and other business areas to advance product development and pricing strategies. Support reinsurance activities by preparing information for quotations, reviewing pricing analyses, and assisting in the evaluation of reinsurance arrangements. Develop and maintain reporting and analysis related to product profitability, emerging experience, and key business and industry trends. Contribute to the implementation, validation, and testing of new products and product changes within quotation tools and administrative systems. Identify opportunities to strengthen actuarial models, tools, and processes to improve efficiency, accuracy, and effectiveness.

What You'll Bring to the Team Completion of at least two actuarial exams and active progress toward an ASA and ACIA designation. 2+ years of actuarial experience, ideally within individual life insurance pricing, product development, or a related area. Experience using AXIS to develop and modify models, perform pricing analyses, and conduct sensitivity and scenario testing. Advanced Excel skills, including experience working with complex spreadsheets and formulas. Experience with VBA is considered an asset. Strong analytical, problem-solving, and critical-thinking skills, with the ability to translate complex actuarial findings into clear business insights. The ability to work independently and collaborate effectively with cross-functional teams. Exposure to reinsurance and/or IFRS 17 is considered an asset. English is requirement, written and verbal, to provide services to our customers and communicate with internal stakeholders. Bilingualism (ENG/FR) is considered an asset.

Compensation $58,000 - $66,500 CAD #CBM1 This posting is for a newly created position within our organization. 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.

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. If you experience any technical issues throughout the application process, please email: [e-mail].

Registered trademark of the Canadian Association of Blue Cross Plans, an association of independent Blue Cross Plans and Licensees. Used under license by Blue Cross Life Insurance Company of Canada, an independent licensee of the Canadian Association of Blue Cross Plans.

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.

Introduce yourself to our recruiters and we'll get in touch if there's a role that seems like a good match. 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. Our unwavering commitment to service and product excellence has earned us the title of Canada's Most Respected Life Insurance Company for three consecutive years. 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.