Actuarial Associate (Ontario)

First Canadian Financial Group; Sherwood Park; On-site; CAD 94,000 - 135,000; Full time

Benefits offered by this job

Flexible time-off

Group retirement plan

Fitness subsidy

Education assistance

Health benefits

Wellness spending account

Employee discounts

Job summary

Millennium Insurance in Sherwood Park, AB seeks an Actuarial Associate to advance pricing, reserving, and portfolio analytics with leadership responsibilities. ACAS designation and progress toward FCAS are welcomed as the role collaborates across underwriting, finance, claims and IT.

The position offers hybrid work for qualified candidates and a salary range of $94,000–$135,000 CAD, reflecting location, market benchmarks, and candidate experience.

Qualifications

• 5–7 years actuarial experience in P&C insurance.
• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or related discipline.
• ACAS designation completed, with active progress toward FCAS.
• Strong command of actuarial methods, loss modeling, credibility theory, and insurance fundamentals.
• Advanced proficiency in Excel and at least one analytical/programming language (SQL, R, Python, SAS, or VBA).
• Experience with large datasets, actuarial systems, and complex analytical environments.
• Ability to take ownership of deliverables and drive projects to completion.
• Strong analytical judgment and structured problem-solving; confident communicator.

Responsibilities

• Lead actuarial analyses related to pricing, reserving, forecasting, and profitability for Personal and/or Commercial Lines portfolios.
• Own actuarial projects from planning through delivery, ensuring accuracy and timeliness.
• Develop, validate, and refine rating models, loss models, and experience studies using internal/external data.
• Lead or co-lead quarterly/annual reserve reviews, setting assumptions and documenting results.
• Present actuarial results and insights to management and senior stakeholders.
• Support regulatory/financial reporting by reviewing actuarial exhibits for standards alignment.
• Analyze loss experience, rate adequacy, and portfolio performance to identify risks/opportunities.
• Collaborate cross-functionally with underwriting, claims, finance, and IT for strategic initiatives.
• Facilitate meetings, communicate actuarial implications clearly to varied audiences.
• Mentor team members and drive continuous actuarial process improvements.

Skills

Actuarial methods

Loss modeling

Credibility theory

Insurance fundamentals

Excel proficiency

SQL/Python/R

Data analysis

Communication

Leadership

Education

BSc Actuarial/Math/Stats

ACAS designation

Tools

Excel

SQL

Python

R

SAS

VBA

Job description

Opportunity

We are seeking an Actuarial Associate to join our Property & Casualty Actuarial team. This role builds on core actuarial expertise in pricing, reserving, and portfolio analytics, while taking on increased responsibility for leadership, project ownership, and management-facing decision support.

The successful candidate will work closely with underwriting, finance, claims, and IT stakeholders, lead components of actuarial studies and regulatory deliverables, and play a key role in advancing analytical tools, methodologies, and business insights. This position is well suited for an actuary who has achieved ACAS and is progressing toward fellowship-level responsibilities.

We welcome applications from candidates in the Greater Toronto Area (GTA) and across Ontario. Hybrid work arrangements are available for qualified candidates residing in Ontario.

Compensation for this position is based on a number of factors, including location, labour market conditions, external market benchmarks, internal pay equity, and the candidate's relevant knowledge, skills, experience, and expected performance in the role. The anticipated salary range for this position is $94,000 - $135,000. Candidates whose expectations fall outside this range are still welcome to apply.

What you will be doing

• Lead actuarial analyses related to pricing, reserving, forecasting, and profitability for Personal and/or Commercial Lines portfolios.
• Take ownership of actuarial projects from planning through delivery, ensuring accuracy, timeliness, and alignment with business objectives.
• Guide the development, validation, and refinement of rating models, loss models, and experience studies using internal and external data
• Lead or co-lead quarterly and annual reserve reviews, including assumption setting, results interpretation, and documentation.
• Prepare and present actuarial results, insights, and recommendations to management and senior stakeholders.
• Support management, regulatory, and financial reporting by reviewing actuarial exhibits and ensuring consistency with standards and expectations
• Analyze loss experience, rate adequacy, and portfolio performance to identify risks, opportunities, and emerging trends
• Collaborate cross-functionally with underwriting, claims, finance, and IT to support strategic initiatives and business decisions
• Facilitate meetings, guide discussions, and communicate actuarial implications to both technical and non-technical audiences
• Mentor and review work produced by actuarial team, providing feedback and supporting professional development.
• Champion continuous improvement by enhancing actuarial tools, automating processes, and strengthening analytical frameworks

What you bring to the team

• Minimum of 5-7 years of actuarial experience within the Property & Casualty insurance industry
• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related discipline
• ACAS designation completed, with active progress toward FCAS (or equivalent)
• Strong command of actuarial methods, loss modeling, credibility theory, and insurance fundamentals
• Advanced proficiency in Excel and at least one analytical or programming language such as SQL, R, Python, SAS, or VBA
• Experience working with large datasets, actuarial systems, and complex analytical environments
• Demonstrated ability to take ownership of deliverables and drive projects to completion
• Strong analytical judgment, attention to detail, and structured problem-solving skills
• Ability to balance multiple priorities and meet deadlines in a dynamic environment
• Confident communicator with the ability to present complex concepts clearly to management and business partners

How you will succeed

In your first year, you will have established yourself as a trusted actuarial partner, independently leading pricing and/or reserving initiatives and delivering actionable insights to management. You will contribute meaningfully to actuarial cycles and regulatory requirements, take accountability for project outcomes, and add value through sound judgment, effective leadership, and continuous enhancement of actuarial processes and tools.

How we take care of our Employees

Benefits

• Flexible time-off and vacation program to support work-life balance
• Group Retirement Savings Plan with employer matching contributions
• Fitness subsidy to help you stay active and healthy
• Education assistance to support your professional growth and certifications
• Comprehensive health, dental, and insured benefits
• Health and lifestyle spending account for additional wellness and personal needs
• Access to employee discount programs to help you save on everyday purchases

About Millennium Insurance

Millennium Insurance is a locally owned and operated property and casualty insurance company based in Sherwood Park, AB. We pride ourselves on offering relevant and competitively priced insurance products, along with industry-leading customer service. Our business lines include personal automobiles, personal property, home warranty, commercial property, and commercial liability insurance. With over $400 million in written premium, Millennium Insurance is proud to be part of the Wheaton Group of Companies.

We thank all candidates for their interest but only candidates selected to advance in the hiring process will be contacted. Final candidates will be asked to undergo pre-employment backchecks, results of which must be satisfactory to Millennium.

Millennium is committed to fostering an inclusive, equitable and accessible workplace. If we can make any adjustments to the hiring process to better accommodate you, please provide feedback when submitting your application or let us know when we reach out about a job opportunity.