Co-Op Student, Actuarial Services

Canadian Medical Protective Association; Ottawa; Remote; CAD 100,000 - 125,000; Full time

Job summary

Join a forward-thinking organization as a Student in Actuarial Services, where you will apply your actuarial knowledge in a dynamic environment. This role offers hands-on experience in tackling real-world actuarial challenges, including loss reserving and financial projections. Collaborate with a dedicated team while contributing to complex projects that influence informed decision-making. With opportunities to engage in advanced techniques like machine learning, you will enhance your skills and make a meaningful impact. Embrace this chance to grow in a supportive atmosphere and be part of a mission-driven team.

Qualifications

• Currently pursuing a degree in Actuarial Science, Statistics, or Data Science.
• Demonstrated experience with Excel and Word is essential.

Responsibilities

• Support year-end valuation documentation and quality assurance of automation processes.
• Assist in streamlining and automating Excel files for actuarial valuation.

Skills

Analytical Thinking

Interpersonal Skills

Attention to Detail

Communication Skills

Python

Education

Degree in Actuarial Science

Degree in Statistics

Degree in Data Science

Tools

Microsoft Excel

Microsoft Word

Job description

Student, Actuarial Services

Contributing to the CMPA

Actuarial Services supports the CMPA’s mission and goals through proper valuation of the Association’s liabilities and determination of CMPA’s member fees. This is accomplished through detailed actuarial work following the Standards of Practice set by the Canadian Institute of Actuaries. The team develops proprietary applications and data structures, builds actuarial models and processes, supports financial auditing, and provides insights for the Association’s funds and liability management.

Position Overview

We are looking for a dedicated individual who is eager to apply their actuarial or statistical knowledge and skills in a practical setting, tackling real-world problems, and contributing to informed decision-making within the CMPA. You’ll be part of a team committed to handling challenging actuarial tasks in the area of medical professional liability, including but not limited to loss reserving, fee setting, financial projections, scenario and stress testing, and insurance program assessment.

This position offers the opportunity to gain hands-on experience in a supportive and challenging environment, while providing a platform to significantly contribute to complex actuarial projects.

Position Activities

1. Supports the refinement of year-end valuation documentation, including quality assurance of automation processes using Python.
2. Contributes to the Actuarial System Review project.
3. Assists in streamlining and automating Excel-based files that support PowerPoint presentations for year-end and mid-year actuarial valuation.
4. Researches, gathers, and compiles information on the application of advanced techniques such as machine learning and AI.
5. Engages in the extraction, verification, and analysis of data.
6. Assists in preparing and technically reviewing materials in Excel, PowerPoint, and Word.

Education and Experience

• Currently pursuing a degree in Actuarial Science, Statistics, Data Science, or an equivalent field, having completed at least the second year of the program.
• Demonstrated experience and advanced proficiency in Microsoft Excel and Word.
• Successful completion of one or more actuarial exams is preferred.
• Previous co-op or relevant work experience is preferred.
• Experience with Python is an asset.

Skills and Abilities

• Strong interpersonal skills and the ability to work as part of a team with both technical and non-technical colleagues.
• Attention to detail and strong analytical thinking skills.
• Ability to learn quickly on the job and achieve objectives while still learning.
• Sound judgment and the ability to prioritize work.
• Strong written and verbal communication skills in English.
• Ability to communicate in French is an asset.

Posting Details

• Job type: Temporary, full-time from September to December 2025.
• Salary range: $23-$33 per hour, based on education level and relevant experience.
• Skills assessment: Selected candidates may be required to complete a skills assessment.
• Location: Fully remote work from anywhere in Ontario or Québec, or at CMPA’s Ottawa office near Dow’s Lake.
• Applicants must be enrolled full-time at a post-secondary institution with a co-op term from September to December 2025.
• Application deadline: May 21, 2025, at 4:00 PM EST.

The CMPA is an equal opportunity employer committed to accessibility and diversity. We provide support and accommodations for applicants with disabilities during the recruitment process. If you require accommodations, please inform us.

We value diversity and inclusion and encourage candidates from all backgrounds to apply.