Actuarial Co-Op Student (Winter or Summer 2027)

TELUS Health; Toronto; On-site; CAD 39,000 - 74,000; Full time

Benefits offered by this job

Competitive salary

Bonus structure

3 weeks vacation

Flexible benefits

Job summary

TELUS Health is seeking an Actuarial Analyst, Co-Op to support pension programs by assessing the financial health of pension plans, conducting valuations, analyzing funding requirements and ensuring regulatory compliance.

You will work in a collaborative team, applying actuarial principles to quantify risks and support plan sponsors with contributions and plan design decisions.

Qualifications

• Completion of or currently enrolled in post‑secondary education in Actuarial Science, Mathematics, Statistics, or a related field.
• Strong competency with MS Office, particularly Word, Excel and PowerPoint.

Responsibilities

• Assess the financial health of pension plans through regular valuations (i.e. plan assets, liabilities, participant demographics, and investment performance).
• Calculate pension benefits for a plan participant based on years of service, salary history, and retirement age.
• Help plan sponsors determine appropriate contribution levels for long-term sustainability.
• Assist in the design and modification of pension plans.

Skills

MS Office

Education

Actuarial Science, Mathematics, Statistics, or related field

Job description

TELUS Health is empowering every person to live their healthiest life. Guided by our vision, we are leveraging the power of our leading edge technology and focusing on the uniqueness of each individual to create the future of health. As a global-leading health and well-being provider – encompassing physical, mental and financial health – TELUS Health is improving health outcomes for consumers, patients, healthcare professionals, employers and employees.

Join our team and what we’ll accomplish together

TELUS Health Consulting practice brings over 60 years of experience and innovative thought leadership to pension & savings, actuarial, compensation and overall financial well-being consulting and outsourcing. Our purpose is to improve the financial wellbeing of individuals and the organizational resilience of employers and fiduciaries. We are also one of the largest pension plan administrators in Canada, serving over five million plan participants. We are a diverse organization with unparalleled capabilities for our clients and their people.

The Defined Benefits and Actuarial Services practice within Consulting is composed of a dedicated group of nation-wide professionals with extensive experience in the fields of pension & savings and actuarial consulting. We specialize in providing strategic guidance, expert analysis, and effective risk management to help our clients offer the best pension plan for their plan members. With a deep understanding of complex mathematical models and statistical analysis, our team excels in assessing and quantifying risks in the retirement landscape. Our Defined Benefits and Actuarial Services Consulting team brings a wealth of knowledge and expertise to every engagement.

Here’s the impact you’ll make and what we’ll accomplish together

Are you highly analytical, savvy with problem solving, detail oriented and a collaborative team player? If so, we are seeking an Actuarial Analyst, Co-Op to join our team. You will help support best in class pension programs by assessing the financial health of pension plans, conduct plan valuations, analyze funding requirements, and ensure regulatory compliance.

What you’ll do…

• Assess the financial health of pension plans by conducting regular valuations (i.e plan assets, liabilities, participant demographics, and investment performance to determine the funding status of the plan)
• Calculate pension benefits for a plan participant based on factors such as years of service, salary history, and retirement age; ensuring calculations comply with plan rules, government regulations, and actuarial principles
• Help plan sponsors determine the appropriate contribution levels to ensure long‑term sustainability of the plan
• Assist in the design and modification of pension plans

You have…

• Completion of or currently enrolled in post‑secondary education in Actuarial Science, Mathematics, Statistics, or a related field
• Strong competency with MS Office, particularly Word, Excel and PowerPoint

What you bring…

• Solid analytical and problem‑solving skills
• Excellent communication skills
• Ability to work collaboratively in a team environment and manage multiple projects simultaneously
• Strong attention to detail and accuracy in data analysis and reporting
• Continuous learning mentality; staying updated with the latest developments in actuarial science, regulatory requirements, and industry standards
• Prefer someone who can start on January‑August 2027 (8 months) but can also consider someone available on January‑April 2027 (4 months) or May‑August 2027 (4 months).

Nice to Have

• Bilingual (English and French)
• Successful completion of 1 or more exams from the SOA or CIA

Salary range: 39,900.00 - 74,100.00 CAD Annual

Actual total compensation will be determined based on factors such as knowledge, skills, performance, experience and location. Additionally, TELUS offers rewarding benefits, which may vary per job function, such as:

• Comprehensive total rewards package highlighting competitive salary and bonus structures, minimum 3 weeks of vacation, and flexible benefits plan to meet the needs of you and your family
• Generous company matched pension and share purchase programs
• Opportunity to give back to communities in which we work, live and serve
• Career growth and learning & development opportunities to develop your skills
• And much more …

A Bit About Us

We’re a people-focused, customer‑first, purpose‑driven team who works together every day to innovate and do good. We improve lives through our technology solutions and foster a culture of innovation that empowers team members to solve complex problems and create remarkable human outcomes in a digital world.

TELUS is proud to foster an inclusive culture that embraces diversity. We are committed to fair employment practices and all qualified applicants will receive consideration for employment. We offer accommodation for applicants with disabilities, as required, during the recruitment process.

Disclaimer: In accordance with the TELUS Health Solutions Data Center Security Policy, as a condition of employment, all team members whose job functions require they work at a Data Center and/or have access to detailed knowledge of technology related to client service delivery, are subject to a Personnel Security Screening conducted through the Government of Canada.

Note for Quebec candidates: if knowledge of English is required for this position, it is because the team member will be asked, on a regular basis, to interact in English with external or internal parties or to use English applications or software as part of their tasks.

By applying to this role, you understand and agree that your information will be shared with the TELUS Group of Companies’ Talent Acquisition team(s) and/or any leader(s) who will be part of the selection process.