BMO Insurance Actuarial Rotation Program

Bank of Montreal; Toronto; On-site; CAD 50,000 - 93,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plans

Job summary

Bank of Montreal is launching an actuarial graduate program starting June 2027. Participants will rotate across departments every 24 months within BMO Insurance while pursuing actuarial credentials and gaining broad experience in pricing, corporate actuarial, institutional pricing, and investments & ALM risk management.

Applicants must be enrolled in an actuarial science or mathematics degree, graduate Spring 2027, and have started or completed at least one SOA exam.

Qualifications

• Currently enrolled in an actuarial science or mathematics degree program, graduating Spring 2026.
• Successful completion of at least 1 SOA exam or equivalent and actively pursuing an FSA/FCIA designation.
• Combination of excellent analytical and mathematical skills with strong work ethic.
• Strong proficiency in MS Excel.
• Knowledge of the life insurance industry and products is an asset.
• Excellent verbal and written communication skills.
• Demonstrated ability to collaborate and work as part of a team.
• Exhibits outstanding analytical and problem-solving skills.
• Demonstrated capacity to influence peers and leaders.

Responsibilities

• Breaking down strategic problems and analyzing data to provide insights and recommendations.
• Supporting the execution of strategic initiatives in collaboration with internal and external stakeholders, building effective relationships and ensuring alignment.
• Providing input for continuous improvement of processes and procedures to support more effective operations and financial reporting, thinking creatively and proposing novel solutions.
• Providing input into product design using actuarial experience and competitive & industry knowledge.
• Exercising judgement to identify, diagnose, and solve problems within given parameters.
• Broader work or accountabilities may be assigned as needed.

Skills

Actuarial math

Excel

Communication

Teamwork

Analytical skills

Problem solving

Influencing peers

Education

Actuarial science degree

Mathematics degree

Job description

Application Deadline & Address

Application Deadline: 09/13/2026 Address: 250 Yonge Street

Job Family Group

Job Family Group: Customer Solutions

Program Overview

While working towards your actuarial credential (e.g. completing your Fellowship of the Canadian Institute of Actuaries) you will rotate to a different department every 24 months within BMO Insurance. This program will give Actuarial graduates an opportunity to broaden their actuarial and business experience, working within various areas of the organization. We offer a friendly and supportive work environment that rewards initiative and commitment. Working alongside other new and recent graduates, as well as actuaries, there's a tremendous support system in place to help guide you through exams and work challenges.

This role starts June 2027. We are actively seeking students enrolled in a related undergraduate degree program, graduating Spring 2027.

Rotations could include: Advisory (Life) Pricing, Corporate Actuarial, Institutional Pricing, Investments & ALM Risk Management.

Roles & Responsibilities

• Breaking down strategic problems and analyzing data to provide insights and recommendations.
• Supporting the execution of strategic initiatives in collaboration with internal and external stakeholders, building effective relationships and ensuring alignment.
• Providing input for continuous improvement of processes and procedures to support more effective operations and financial reporting, thinking creatively and proposing novel solutions.
• Providing input into product design using actuarial experience and competitive & industry knowledge.
• Exercising judgement to identify, diagnose, and solve problems within given parameters.
• Broader work or accountabilities may be assigned as needed.

Qualifications

• Currently enrolled in an actuarial science or mathematics degree program, graduating Spring 2026.
• Successful completion of at least 1 SOA exam or equivalent and actively pursuing an FSA/FCIA designation.
• Combination of excellent analytical and mathematical skills with strong work ethic.
• Strong proficiency in MS Excel.
• Knowledge of the life insurance industry and products is an asset.
• Excellent verbal and written communication skills.
• Demonstrated ability to collaborate and work as part of a team.
• Exhibits outstanding analytical and problem-solving skills.
• Demonstrated capacity to influence peers and leaders.

Salary & Compensation

Salary: $50,100.00 - $93,000.00

Pay Type: Salaried

The above represents BMO Financial Group’s pay range and type. Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position. BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards.

Benefits

BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans.

To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

Work Arrangements

Successful candidates will be required to work in office (minimum 3 days with expectation to increase to 4 days a week).

About Us

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world. As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmo.com/ca/en.

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter. Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes. BMO is a leading bank driven by a single purpose: to Boldly Grow the Good in business and life. Everywhere we do business, we’re focused on building, investing and transforming how we work to drive performance and continue growing the good.

Who we are We’re proud to be fueling growth and expanding possibilities for individuals, families and businesses. More than 12 million customers count on us for personal and commercial banking, wealth management and investment services. As the 8th largest bank in North America by assets, we provide personal and commercial banking, wealth management and investment services to more than 12 million customers. In Canada, the United States and across the globe, we’ll continue to build, invest and transform to drive performance that serves the good that grows.