City : Toronto

Category : PERMANENT FULLTIME

Industry : Insurance

Employer : Definity

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