The Junior Actuarial Analyst supports the Reserving team in evaluating and monitoring Definity’s loss reserves. This role involves analyzing claims data, assisting with month-end booking and quarterly valuation reviews, and developing actuarial models to ensure appropriate reserve adequacy. The analyst will collaborate with cross-functional teams, contribute to financial reporting, and support process improvements. This position provides valuable exposure to actuarial methodologies, regulatory requirements, and business insights, while supporting progress toward actuarial credentials.
What to expect
- Be a part of the Reserving team within Corporate Actuarial department.
- Exposure to the monthly estimation and adequacy assessment of Definity’s Personal and Commercial portfolio reserves.
- Develop and apply your experience with spreadsheets, databases, and statistical software to prepare and analyze data for claim experience assessment, reserve adequacy analysis and support the presentation of these findings to stakeholders.
- Opportunity to work closely with the Appointed Actuary and cooperation with internal Corporate Actuarial partners and external Finance / Reinsurance / Claims / Business stakeholders.
- Communicate actuarial concepts and make recommendations to both technical and non-technical stakeholders verbally and in writing with supporting documentation.
What you bring
- University degree in a quantitative field: Actuarial Sciences, Mathematics, Statistics.
- Completion of a minimum of 2 CAS/SOA exams.
- Prior knowledge / experience in P&C insurance is an asset.
- Proficient in Microsoft Excel / Word / PowerPoint.
- Knowledge in SQL / Python is an asset.
- Can-do attitude, result-oriented mindset with strong willingness to deliver high-quality work products with the required timeline.
- Respond to routine requests of internal and external stakeholders related to data extraction, adequacy assessment, financial reports with validation from senior staff.
- Strong communication and presentation skills to convey complex concepts accurately and concisely to both technical and non-technical stakeholders.
- Team player, adaptable to a changing and fast-paced environment.
Salary Range: $59,000-$108,600
About UsActual salary for the role may vary depending on work location of the successful candidate and other factors including but not limited to, skills, education, experience, working conditions and the local labour market.
This position is being posted to fill an existing vacancy.
Interested in this role, but don’t meet every requirement? We encourage you to apply! We know from experience that a candidate doesn’t need 100% of the qualifications listed to bring incredible value to our team. We’re actively seeking diverse backgrounds and perspectives to help us make insurance better. At Definity, inclusion, diversity, and equity aren’t just “nice to have” — they’re essential to our success.
What’s in it for you?
- Hybrid work schedule for most roles
- Company share ownership program
- Incentive Program - Eligible employees may participate in various incentive plans which are paid out at the discretion of the company and subject to individual and company performance.
- Pension and savings programs, with company-matched RRSP contributions
- Paid volunteer days and company matching on charitable donations
- Educational resources, tuition assistance, and paid time off to study for exams
- Focus on inclusion with employee groups, support for gender affirmation surgery, access to BIPOC counsellors, access to programs for working parents
- Wellness and recognition programs
- Discounts on products and services
Go ahead and expect a lot — you deserve it.
It’s better here — but don’t take our word for it. Definity was named by Great Place to Work® as one of the Best Workplaces™ in Canada for women, for youth, and for inclusion.
Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know by contacting [email protected].
This role requires successful clearance of background checks (including criminal checks and leadership references).
#LI-Hybrid
About the TeamDefinity Waterloo, Ontario, CAN Office
111 Westmount Road South, Waterloo, ON, Canada, N2J4S4
