Co-op Student - Individual Actuarial Inforce and Policy Tax

Equitable Life of Canada; Waterloo; Hybrid; CAD 30,000 - 60,000; Full time

Job summary

A Canadian insurance company in Waterloo is seeking a Co-op student for an Actuarial Analyst position. This hybrid role requires strong problem-solving skills and proficiency in Excel, where candidates will support the Individual Life Operations team in managing policyholder requests and taxation. The position offers a balanced work environment with a focus on employee welfare and professional development.

Benefits

In Lieu of Benefits – 4% added to each bi-weekly pay

In Lieu of Vacation – 4% added to each bi-weekly pay

Employer provided equipment

Buddy program for Co-op students

Qualifications

• Candidates must have a strong process improvement mindset and exceptional customer service skills.
• Knowledge of Individual Life and Health products and taxation is an asset.

Responsibilities

• Provide support for inforce individual life and health insurance policies.
• Perform Adjusted Cost Basis (ACB) and Taxable Gain calculations.
• Review policy transactions and accounting information.

Skills

Problem solving

Critical thinking

Time management

Excellent communication

Knowledge of Excel (including VBA)

Customer service orientation

Education

Currently enrolled in a post-secondary Co-op program

Tools

Microsoft Excel

GGY Axis

Job description

Overview

At Equitable, we believe work should be a place where you feel supported, inspired, and empowered to grow. In our caring and collaborative environment, your curiosity is encouraged, your passion is recognized, and your contributions truly matter. Together, we create meaningful impact—for our clients, our communities, and each other.

Position Information

Position Title: Co-op – Individual Actuarial Inforce and Policy Tax (Actuarial)

Reports To: Director, Individual Actuarial Inforce and Policy Tax

Department: Individual

Term: Temporary Full-Time, Four (4) Months

Work Term: January 5, 2026 – April 24, 2026

Salary: According to the school’s recommended Co-op earnings

Work Arrangements: This is a hybrid role. You will work in our office in Waterloo, ON a minimum of two (2) assigned, consecutive days every other week, plus a fifth (5th) assigned day per month. You are welcome to work from the office more than the minimum requirement and there may be some roles that are required to work in our office more than the minimum requirement.

Important Application Instructions: This role is open to students currently enrolled in a formal co-op program through their post-secondary institution. To confirm your eligibility, please upload proof of co-op enrollment (e.g., a letter from your school or a screenshot from your student portal, Work Term Record/Transcript, etc.).

You will have the option to upload this document during the Candidate Information section at the bottom of the application form. Applications without proof of co-op eligibility may not be considered.

The Opportunity

We are searching for an industrious and self-motivated individual to join our Individual Actuarial Production team as an Actuarial Analyst. This individual should have a strong process improvement mindset, continually seek out ways to improve efficiency and possess exceptional customer service skills. In this role, you will join a team that supports our Individual Life Operations team with handling policyholder requests, oversees Individual Life policyholder taxation and maintains the integrity of policyholder tax administration and inforce illustration systems.

What you will be doing

• Provide support related to internal and client generated requests for inforce individual life and health insurance policies
• Perform analysis to ensure that inforce individual life insurance policies retain their status as insurance policies
• Review policy transactions and accounting information
• Perform Adjusted Cost Basis (ACB) and Taxable Gain calculations using policy transactions

What you will bring

• Candidates must be currently enrolled in a post-secondary program that includes a Co-operative (Co-op) work component
• Strong problem solving and critical thinking skills
• Strong process improvement mindset
• Strong time management skills with commitment to meeting deadlines
• Excellent communication skills (verbal and written)
• Strong knowledge of Microsoft Excel including VBA
• Focus on providing excellent service to internal and external clients
• Previous exposure to Individual Life and Health products and taxation is an asset
• Previous experience using GGY Axis is an asset

What’s in it for you

• A workplace where care, passion, and curiosity aren’t just values, they’re how we work, grow, and succeed together every day
• A healthy work-life balance with employee wellness top of mind
• We value open, honest communication between team members, challenging each other to continually improve
• Employee resource groups that support an inclusive work environment
• An onsite, full-service cafeteria with a variety of daily options
• Regular EQ Together events focused on company togetherness and collaboration
• Compensation package includes:

• In Lieu of Benefits – 4% added to each bi-weekly pay
• In Lieu of Vacation – 4% added to each bi-weekly pay

• Employer provided equipment
• Opportunity to participate in our buddy program dedicated to Co-op students

As part of the recruitment process, candidates may be asked to complete an assessment and will be required to undergo background screening, in accordance with company policy.

This position is available due to an existing vacancy.

We are dedicated to inclusive and accessible hiring practices. If you require accommodations or alternative formats, please contact us at [e-mail].