Actuarial Analyst - Winter 2027 Co-op/Intern

Definity Financial Corporation; Southwestern Ontario; Hybrid; CAD 26,000 - 36,000; Full time

Benefits offered by this job

Hybrid work model

Scholarships

ESG and employee groups

Job summary

Definity Financial Corporation invites applications for an Actuarial Analyst - Winter 2027 Co-op/Intern in Waterloo, Ontario. Reporting to an Actuarial Manager, you will contribute to pricing, reserving, financial planning, and economic capital modelling using advanced models and innovative techniques.

You will work on data preparation, analysis, and interpretation, aiming to support profitability assessments and strategic decisions.

Qualifications

• Enrolled in a university degree in Actuarial Sciences, Mathematics, Statistics or related field and active until at least April 2025.
• Must have completed at least 1 CAS exam or equivalent recognition by CAS.
• Strong programming skills with SAS, R and/or SQL, plus Excel (VBA).

Responsibilities

• Assist in pricing, reserving, financial planning and capital modelling projects.
• Develop and apply data analyses using spreadsheets, databases, and statistical software.
• Interpret modelling results and support business decisions with actuarial insights.
• Communicate actuarial concepts clearly both verbally and in writing.
• Collaborate with stakeholders and escalate to senior staff as needed.

Skills

Actuarial exams

Programming

SQL

R

Excel/VBA

Education

Actuarial Sciences/Math/Statistics (university enrollment)

Enrolled through at least Apr 2025

Tools

SAS

Emblem

Radar

ResQ

Job description

Actuarial Analyst - Winter 2027 Co-op/Intern

Waterloo, ONT, Canada

Definity is the parent company to some of Canada’s most long-standing and innovative insurance brands, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. Our ambition is to be one of Canada’s leading and most innovative property and casualty insurers. We can’t do that without our people, so we embrace and encourage a culture that’s collaborative, ambitious, rewarding, and empowering.

We offer a flexible, hybrid work experience where employees work from the office and virtually depending on the type of work they are doing and who they are working with. Bring your true self and be a part of our journey. It’s better here.

YOUR NEXT CO-OP PLACEMENT

Work term: Winter 2027

Work term length: 4-month

From classroom to co-op to career, every step of your journey has an impact on your future. That’s why it makes sense to choose a co-op placement with a company that offers truly rewarding work and real-life experience. At Definity®, your contributions, creativity, and energy will be put to good use, and you’ll get to be involved with initiatives that support our strategic goals and use your skills in a supportive team environment.

If you’re looking for a company that takes care of its people — full time, part time, and co-ops alike — and has a track record of doing big things, get ready to love it here.

What can you expect in this role?

Reporting to an Actuarial Manager, you will play a key role in contributing to projects in personal or commercial pricing, reserving, financial planning and economic capital modelling using state of the art models and innovative approaches. You will develop deep knowledge of actuarial operations and the insurance business, including predictive modelling, underwriting, claims handling, product development, reserving, estimation of policy liabilities, planning and/or forecasting

What you’ll be doing

• Develop and apply your experience with spreadsheets, databases, and statistical software to prepare and analyze data for profitability analysis and other diverse applications
• Learn to interpret and use results of new and innovative modelling techniques and analytics to drive business decisions
• Learn to produce various data exhibits and analysis to measure, track and monitor company and industry performance
• Learn to communicate actuarial concepts both verbally and in writing
• Respond to requests of internal and external stakeholders with support from more senior staff

What you bring

• Currently enrolled in a university degree program in Actuarial Sciences, Mathematics, Statistics or other relevant discipline and still actively enrolled until at least April 2025
• Must have successfully completed at least 1 exam of the Casualty Actuarial Society and/or of an international actuarial organization equivalently recognized by the Casualty Actuarial Society
• Must possess strong programming skills, including knowledge of SAS, R and/or SQL , and efficient use of Microsoft applications (Excel,VBA, etc.);
• Knowledge of Emblem, Radar and/or ResQ is an asset
• Must have excellent problem solving, communication and organization skills

Did you know?

• We care about our co-ops: Definity’s co-op students are considered the best pipeline of talent for our full-time, permanent positions.
• We care about students: Definity distributes $85,000 in scholarships to students across Canada each year.
• We care about our community: Definity donates more than $1 million every year to causes that drive true change in the neighbourhoods in which we live and work.

What can Definity offer you?

• Meaningful work forwarding our purpose of building a better world by helping our clients and communities adapt and thrive in their hardest times of need.
• Culture of accountability, empowerment, and collaboration.
• Opportunities to support personal and professional growth through real-life experience and unique learning opportunities. Our Leadership Essentials program builds knowledge and skills to Team Leaders to Directors
• Opportunity to join our employee groups - focused on women's empowerment, LGBTQ+, anti-racism and cultural equity, and environmental activism
• Determined to create positive change for our environment, our people, and our communities, now and in the future. Check our ESG work !

This position is being posted to fill an existing vacancy.

The hourly compensation for the role starts at $22.50 per hour and will increase based on factors including but not limited to, skills, education, experience, and the recommended rates as set by the respective educational institution.

We also take potential into consideration. If you don’t have this exact experience, but you know you have what it takes, be sure to give us more insight through your application and cover letter.

Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know by contacting [e-mail].

As part of Definity’s commitment to reconciliation, we acknowledge that our work, meetings, and travel take place on the lands now known as Canada, and recognize the enduring presence, wisdom, and stewardship of the First Nations, Métis, and Inuit peoples who have long cared for these lands.

Background checks

This role requires successful clearance of a background check (including criminal checks and leadership references).