Actuarial Benefits Analyst (co-op)

605 Buffett Taylor; Toronto; On-site; CAD 31,684 - 34,440; Full time

Benefits offered by this job

Competitive salary

Group benefits plan

Retirement savings plan

Job summary

People Corporation is seeking an Actuarial Benefits Analyst (Co-op) for a September 2026 to April 2027 term in the Toronto area. The role focuses on group medical, dental, life, disability and special risk benefits, with valuations, budgeting and client deliverables.

As a university student in actuarial sciences or related field, you will work with Excel, ProVal and MS Office to support consultants, prepare reports and assist with marketing responses and cost analyses.

Qualifications

• University student in Mathematics, Statistics, Actuarial Science, or related discipline.
• Advanced competency with Microsoft Excel.
• Proficiency with Word, PowerPoint and Outlook.
• Strong analytical skills.
• Excellent organizational skills with high accuracy.
• Ability to manage competing demands to meet client and company needs.
• Ability to work independently and in a team environment.
• Strong written and verbal communication skills.
• Sensitivity to confidential information.
• Actively writing SOA or CIA exams.
• Knowledge of actuarial valuation software (e.g., ProVal) is an asset.

Responsibilities

• Contribute to the design and management of group medical, dental, life, disability and special risk benefits for clients.
• Prepare valuations of post-retirement and post-employment benefits, per applicable accounting standards.
• Review benefits documentation for accuracy.
• Annual renewal analysis and carrier negotiations; prepare client reports.
• Experience reporting, budget projections and reviewing plan financial performance.
• Review financial statements for accuracy and adherence to underwriting agreements.
• Conduct plan design benchmarking studies.
• Assist and build plan design tools and financial database.
• Gather data and determine cost impact for plan design changes.
• Monitor carrier/provider services standards.
• Support the consulting team in preparing client presentations and meetings.

Skills

Advanced Excel

Analytical skills

Communication skills

Team collaboration

Attention to detail

Education

Mathematics/Statistics/Actuarial Science student

Tools

ProVal

Job description

*This is an 8 month Co-Op opportunity running from September, 2026 through April, 2027. The Actuarial Benefits Analyst (co-op) will provide group benefits consulting support, including design and financial management for existing medium and large clients and prospects. In addition, the Actuarial Benefits Analyst (co-op) will perform actuarial valuations, accounting disclosures of post-retirement and post-employment benefits, reserve calculations, simulation modelling, flex plan pricing and modelling and other actuarial and analytic projects. The Actuarial Benefits Analyst (co-op) will work closely with internal consulting teams, interface with vendors, support client deliverables, and ensure quality standards are met.

Actuarial Benefits Analyst (Co-op Student) Responsibilities

• Contribute to the overall design and management of group medical, dental, life, disability and special risk benefits for clients.
• Prepare actuarial valuations of post-retirement and post-employment benefits plan, in accordance with accounting standards appliable to the plan;
• Review all benefits documentation (contracts, booklets, collective agreement, amendments) for accuracy;
• Annual renewal analysis and negotiations with carriers; prepare client reports and presentations;
• Experience reporting, budget projections and reviewing plan financial performance;
• Review financial statements for accuracy and adherence to underwriting agreements;
• Conduct plan design benchmarking studies;
• Assist and build plan design tools and financial database;
• Conduct marketings, including preparing and submitting specifications, analysis, cost comparisons and recommendations on marketing responses, and preparing marketing report;
• Gather data and determine cost impact for plan design changes;
• Monitor carrier/provider services standards;
• Support the consulting team in preparing documents for client presentations and meetings.

Actuarial Benefits Analyst (Co-op Student) Qualifications

• To be a university student in Mathematics, Statistics, Actuarial Science, or related discipline.
• Advanced competency with Microsoft Excel.
• Proficiency with Word, PowerPoint and Outlook.
• Strong analytical skills.
• Excellent organizational skills with strong attention to detail and high level of accuracy.
• Ability to manage and prioritize competing demands in order to meet client and company needs.
• Ability to work independently and in a team environment.
• Strong written and verbal communication skills.
• Sensitivity to confidential information.
• Actively writing Society of Actuaries (SOA) or Canadian Institute of Actuaries (CIA) exams.
• Knowledge of actuarial valuation software (e.g., ProVal) is an asset.

The hourly rate for this position is between $23 - $25.

We value our employees and provide competitive salaries, a comprehensive group benefits plan, and a generous retirement savings plan.

We know that it's the vast expertise and commitment of our teams in People Corporation and our Partner Firms that have put us where we are today. And we're in it for the long haul - once you join us, we want you to thrive.

Learn by working alongside our experts. At People Corporation we are committed to helping businesses succeed. We are a national provider of benefits, retirement, wealth, wellness, and human resource solutions. Our experts and solutions serve over 20,000 clients representing nearly 3 million Canadians. Providing an inclusive, accessible environment, where all employees and clients feel valued, respected and supported is something we're committed to.

Providing an inclusive, accessible environment, where all employees and clients feel valued, respected and supported is something we're committed to.

Providing an inclusive, accessible environment, where all employees and clients feel valued, respected and supported is something we're committed to.

We are dedicated to building a workforce that reflects the diversity of the communities in which we live, and to creating an environment where every employee has the opportunity to reach their potential.

If you require an accommodation or an alternative format of any posting please reach out to [e-mail]

For more information on Accessibility at People Corporation, visit our link https://www.peoplecorporation.com/en-ca/accessibility-statement.