Actuarial Intern - Client Consulting

Aon; Toronto; Hybrid; CAD 40,000 - 56,000; Part time

Job summary

Aon, in Toronto, is seeking an actuarial student for a 4‑month internship on the PathWise Solutions Group (PSG) team. The role involves building and testing models that support investment and risk management decisions for insurance clients.

You will work with experienced actuaries, gain exposure to real projects, and learn how high‑performance modeling tools are used in practice. This internship offers hybrid work options and hands-on client exposure.

Qualifications

• Enrolled full‑time in a bachelor’s or master’s program in Actuarial Science, Mathematics, Statistics, Computer Science, Quantitative Finance, or a related field.
• Interest in applying quantitative and technical skills to real‑world insurance and investment problems.
• Able to work effectively in a team‑oriented environment and complete assigned projects on time.
• Strong problem solvers with attention to detail and a willingness to learn.
• Comfortable collaborating with different teams and, where applicable, with clients.

Responsibilities

• Support asset model implementations for traditional and alternative asset classes.
• Assist with strategic asset allocation (SAA) and asset–liability management (ALM) strategies.
• Help conduct performance and benchmark testing for client models and improve model efficiency.
• Support model reconciliation and investigations, including analysis of model changes.
• Troubleshoot issues during PathWise software migrations.
• Collaborate with team members to maintain and enhance automated processes and controls.

Skills

Excel

Python

Education

Bachelor’s or Master’s program in Actuarial Science/Math/CS/Statistics/Quantitative Finance

Tools

Modeling tools

Job description

Role Type: New position

Are you a student with excellent technical and analytical skills looking to gain professional experience as part of an industry- leading team? Are you motivated to achieve tangible outcomes for our clients by delivering innovative and effective solutions? Our PathWise Solutions Group (PSG) business is looking for a Client Consulting intern.

This is a 4-month internship opportunity with the flexibility to work both virtually and from our Toronto office.

Applicants must be legally authorized to work in Canada. This role is not eligible for sponsorship, and we are unable to sponsor or take over sponsorship of an employment visa or work permit.

The hourly salary range for this position is $29.31 - $40.47. The actual salary will vary based on applicant’s education, experience, skills and abilities, as well as internal equity.

Aon is in the business of better decisions

At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.

As an organization, we are united through trust as one inclusive team and we are passionate about helping our colleagues and clients succeed.

What the day will look like

As an actuarial student on the PSG team, you will help build and test models that support key investment and risk management decisions for our insurance clients. You’ll work with experienced professionals, gain exposure to real‑world projects, and learn how advanced modeling tools are used in practice.

In this role, you will:

• Support the implementation of asset models for traditional and alternative asset classes.
• Assist with the implementation of strategic asset allocation (SAA) and asset–liability management (ALM) strategies.
• Help conduct performance and benchmark testing for client models and suggest ways to improve model efficiency.
• Support model reconciliation and investigations, including detailed analysis of the impact of model changes.
• Troubleshoot issues that arise during PathWise software migrations.
• Collaborate with team members to maintain and enhance automated processes, helping ensure efficient workflows and strong controls.

You’ll be supported by senior team members but will also have the opportunity to take ownership of specific tasks and deliverables.

How this opportunity is different

PathWise Solutions Group (PSG) builds high‑efficiency computing software and provides consulting and advisory services to financial institutions, primarily insurance companies.

Our high‑performance software platform, PathWise™, helps companies easily model financial obligations without complex coding. PathWise™ runs on graphical processing units (GPUs), making it one of the fastest, readily available software platforms used in the insurance industry.

Our consulting work focuses on:

• Actuarial analysis
• Reinsurance modeling and structuring
• Reviewing hedging and ALM programs
• Modeling insurance liabilities and financial assets

What you will gain:

• Exposure to cutting‑edge modeling and high‑performance computing in the insurance industry
• Hands‑on experience with real client projects and data
• Mentorship from experienced actuaries and quantitative professionals
• Insight into actuarial career paths, exams, and professional designations

Skills and experience that will lead to success

• Enrolled full‑time in a bachelor’s or master’s program in Actuarial Science, Mathematics, Statistics, Computer Science, Quantitative Finance, or a related field.
• Interested in applying quantitative and technical skills to real‑world insurance and investment problems.
• Able to work effectively in a team‑oriented environment and complete assigned projects on time.
• Strong problem solvers with attention to detail and a willingness to learn.
• Comfortable collaborating with different teams and, where applicable, with clients.

Technical skills:

• Proficiency in Microsoft Office (especially Excel) is required.
• Experience with Python and/or modeling tools is highly preferred.

Industry and professional development:

• Previous internship or co‑op experience in the life insurance industry is an asset, but not required.
• Actively pursuing (or planning to pursue) Associateship or Fellowship with the Canadian Institute of Actuaries and/or the Society of Actuaries is preferred.

Aon is not accepting unsolicited resumes from search firms for this position. If you are a search firm, you will not be compensated in any way for your submission of a candidate, even if Aon hires that candidate.