Senior Actuarial Consultant

HUB International; Toronto; On-site; CAD 130,000 - 150,000; Full time

Benefits offered by this job

Flexible schedule

Tuition reimbursement

Licensing reimbursements

RRSP matching

Bonuses and commissions

Home & auto insurance discounts

Job summary

HUB International, a leading risk management and insurance advisor, seeks a Senior Actuarial Consultant to lead captive advisory, TCOR modeling, and risk analysis engagements in Canada. You will mentor junior analysts, present to C-suite and boards, and translate complex risk concepts into strategic guidance.

You will oversee feasibility studies, captive placement, and valuation work, collaborating with broking, underwriting, claims, and specialty practices to deliver client-focused outcomes.

Qualifications

• Degree in actuarial science or quantitative field plus extensive actuarial analysis experience.
• Experience with captive insurance and risk financing structures.
• Strong presentation and board-reporting capabilities.

Responsibilities

• Lead captive feasibility, optimization, and TCOR studies across structures.
• Manage end-to-end captive program placement with insurers and pricing.
• Conduct retention and limits analysis and loss distribution fitting.
• Develop risk tolerance frameworks using Monte Carlo, VaR, TVaR.
• Prepare IFRS 4/17 valuation reports and capital adequacy testing.
• Deliver pro-forma projections and stress-testing for design of programs.
• Author board-ready reports and support client meetings with C-suite.
• Supervise and mentor junior actuarial analysts.
• Coordinate cross-functional workstreams to embed actuarial insight.
• Contribute to business development via proposals and scopes of work.

Skills

TCOR modeling

Retention analysis

Reserve analysis

Probabilistic modeling

Board presentation

Education

Bachelor's degree in Actuarial Science

Actuarial designation progress (ACAS/FCAS/FCIA)

Tools

VBA/Access

Actuarial software

Job description

About the Role

HUB International’s Alternative Risk Solutions practice is hiring a Senior Actuarial Consultant to lead captive advisory, broking, and quantitative risk analysis engagements. This senior consulting role includes team leadership: you will own complex analytical deliverables and market‑facing activities end‑to‑end, mentor junior analysts, and translate captive economics and risk financing alternatives into clear strategic guidance for C‑suite, risk management, and board audiences.

What You’ll Do

• Lead captive feasibility, optimization, and Total Cost of Risk (TCOR) studies across single‑parent, group, and cell captive structures, including domicile comparison across onshore and offshore jurisdictions.
• Manage end‑to‑end captive program placement: prepare submissions to fronting insurers, negotiate pricing, terms, and collateral arrangements (LOCs, trusts, parental guarantees), and obtain conventional market declinations where required.
• Conduct retention and limits analysis including SIR optimization, attachment point selection, loss distribution fitting, and severity benchmarking to advise on coverage tower design.
• Develop client risk tolerance and risk appetite frameworks using probabilistic modeling techniques (Monte Carlo, VaR, TVaR) to stress‑test retention strategies.
• Prepare and review actuarial valuation reports for captive entities in compliance with IFRS 4 and IFRS 17, including reserve adequacy, capital adequacy testing, and loss development analysis across multiple commercial lines.
• Deliver pro‑forma financial projections, cash‑flow modeling, and investment income analysis to support captive program design and long‑term risk financing planning.
• Author board‑ready reports and feasibility studies, and serve as senior technical resource in client meetings with C‑suite, risk management, and board audiences.
• Supervise and mentor junior actuarial analysts; establish peer review and quality standards for analytical deliverables.
• Coordinate cross‑functional workstreams with broking, underwriting, claims, and specialty practices to embed actuarial insight into client strategy.
• Contribute to business development through pitch materials, proposals, and scope of work documents.

Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, or a related quantitative discipline.
• 10+ years of experience in actuarial analysis, quantitative risk consulting, or alternative risk financing, with significant captive insurance exposure.
• Demonstrated expertise in TCOR modeling, retention/limits analysis, reserve analysis, and experience rating across commercial lines (GL, Auto, Property, WC, Professional Liability).
• Hands‑on experience with insurance market submissions, carrier negotiations, and captive fronting/reinsurance placement.
• Strong working knowledge of captive domicile regulations, fronting arrangements, and alternative risk transfer structures; familiarity with onshore and offshore domiciles (e.g., Barbados, Bermuda, Alberta) is an asset.
• Proven ability to develop risk tolerance and risk appetite frameworks and apply probabilistic modeling (Monte Carlo, VaR, TVaR).
• Valid RIBO licence, or ability to obtain within six months of joining.
• Advanced Excel and financial modeling skills; proficiency with actuarial software and data visualization tools (VBA/Access) is an asset.
• Progress toward or completion of actuarial designations (ACAS, FCAS, FCIA) considered a strong asset.
• Prior experience supervising or mentoring analytical teams, with excellent presentation and board‑level report‑writing skills.

Benefits

• Work‑life balance: flexible working arrangements and generous time‑off policies.
• Professional growth: HUB‑sponsored training programs, tuition reimbursement, and other development opportunities.
• Industry support: reimbursements for professional licensing and membership fees.
• Exclusive perks: discounts on events, travel, accommodations, and personal home & auto insurance.
• Comprehensive compensation: $130,000‑$150,000 base range plus benefits such as extended health, disability, RRSP matching, paid‑time‑off, and eligible bonuses and commissions.

Department: Risk Management & Loss Control

Required Experience: 7‑10 years of relevant experience

Required Travel: Negligible

If you require assistance or accommodation at any stage of the recruitment process, we encourage you to let us know—we’re here to support you.