Actuarial Intern (12-month co-op)

Co-operators; Regina, Mississauga; Hybrid; CAD 30,000 - 36,000; Part time

Benefits offered by this job

Hybrid work environment

Mentorship program

Career development opportunities

Job summary

CLIC is offering an Actuarial Intern role in Actuarial Services with a 12-month term. The position is hybrid (2 days in office) and bilingualism in English and French is an asset.

You will work with experienced actuaries on Group Benefits projects and gain exposure to Life, Health, Dental, Disability and Out-of-Country benefits. You will develop strong technical, analytical, and communication skills while supporting pricing, valuation, experience studies, forecasting and Model Risk Management.

Qualifications

• You must be enrolled in a post-secondary program in actuarial science, mathematics, statistics, data science, finance or a related quantitative discipline.
• Knowledge of statistical software, actuarial tools or programming languages such as Excel VBA, SQL or R is an asset.
• Strong time management, organizational and communication skills.

Responsibilities

• Support experience studies, pricing reviews and other actuarial analyses across Group Benefits products, such as Life, Health, Dental, Disability and Out-of-Country coverage.
• Extract, clean, reconcile and validate data from multiple sources using Excel and other analytical tools.
• Run and maintain actuarial models, calculators, dashboards and recurring reports; document assumptions, methods and results.
• Investigate trends and data issues, perform reasonability checks and summarize findings in clear, concise language.
• Collaborate with actuarial colleagues and partners in Underwriting, Finance, Claims and other business areas on client-driven projects.
• Assist in documenting actuarial models, including business purpose, data sources, assumptions, calculations, limitations, and controls to support Model Risk Management (MRM) requirements.
• Support model validation and quality-control activities by performing data checks, reasonability testing, result reconciliation, and maintaining model documentation.

Skills

Excel VBA

SQL

R

Education

Post-secondary education in actuarial science, math, statistics, data science or finance

Tools

Excel

VBA

SQL

R

Job description

Company: CLIC
Department: Actuarial Services
Employment Type: Student
Work Model: Hybrid (2 days in office)
Language: Bilingualism in English and French is an asset.
Additional Information: This role is/are currently vacant

The Opportunity:

We are a leading Canadian financial services co-operative committed to being a catalyst for a sustainable and resilient society and our team is essential to deliver on this strategy. That’s why we prioritize our people, to ensure we provide a strong culture and development opportunities which enables our team to thrive and to live our purpose. The best part is that you will work with people that care passionately about you, our clients and our communities.

As an Actuarial Intern, you'll support Group Benefits actuarial projects related to pricing, valuation, experience studies, forecasting, and Model Risk Management (MRM). You'll work alongside experienced actuaries and business partners on meaningful projects involving Life, Health, Dental, Disability, and Out-of-Country benefits. Through real-world analytical work, you'll develop strong technical, problem-solving, and communication skills while gaining exposure to senior stakeholders, actuarial governance practices, and the Canadian group benefits industry. This role is for a 12-month term.

How you will create impact:

• Support experience studies, pricing reviews and other actuarial analyses across Group Benefits products, such as Life, Health, Dental, Disability and Out-of-Country coverage.
• Extract, clean, reconcile and validate data from multiple sources using Excel and other analytical tools.
• Run and maintain actuarial models, calculators, dashboards and recurring reports; document assumptions, methods and results.
• Investigate trends and data issues, perform reasonability checks and summarize findings in clear, concise language.
• Collaborate with actuarial colleagues and partners in Underwriting, Finance, Claims and other business areas on client-driven projects.
• Assist in documenting actuarial models, including business purpose, data sources, assumptions, calculations, limitations, and controls to support Model Risk Management (MRM) requirements.
• Support model validation and quality-control activities by performing data checks, reasonability testing, result reconciliation, and maintaining model documentation.

To join our team:

• You are currently enrolled in post-secondary education in actuarial science, mathematics, statistics, data science, finance or a related quantitative discipline.
• Knowledge of statistical software, actuarial tools or programming languages such as Excel VBA, SQL or R is an asset.

How you will succeed:

• You have strong time management and organizational skills.
• You use critical thinking skills to recognize assumptions, evaluate arguments, draw conclusions, and proactively propose solutions.
• You are well organized and detailed.
• You have strong communication skills to convey messages and explore diverse points of view.
• You build and maintain trusting relationships and provide guidance to support the development of shared programs and practices.
• You’re an effective team player who shares knowledge to support your peers.
• Positive learning attitude with the ability to adapt quickly and work effectively in a dynamic environment.
• Strong academic performance and a genuine interest in actuarial work and the insurance industry.

What you need to know:

• You will be subject to a Background check as a condition of employment, in the event you are the successful candidate.

What’s in it for you?

• Training and development opportunities to grow your career.
• A holistic approach to your well-being, with physical and mental health programs and a supportive workplace culture.
• Hands-on experience working on client-driven actuarial and analytical projects.
• Mentorship from your hiring leader and colleagues, plus opportunities to connect with student peers across Canada.
• On-the-job training and access to learning resources that support your career development.