Company: The Travelers
Location: Toronto, ON
Expected salary:
Job date: Wed, 16 Apr 2025 04:25:09 GMT
Job description: Who Are We?Solid reputation, passionate people and endless opportunities. That’s Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers – and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.Job Category ActuarialTarget Openings 1What Is the Opportunity? Job Description Summary
The Actuary Internship Program provides qualified students with an excellent opportunity to gain first-hand experience, receive valuable on-the-job training and learn more about the property & casualty insurance industry.This role is an exciting opportunity to work with one of the largest employers of P&C actuaries in North America. As an Actuarial Assistant, the successful candidate will be offered an opportunity to gain relevant property and casualty insurance and business experience in personal and/or commercial lines while working in a dynamic, team-focused environment.Solid reputation, passionate people and endless opportunities. That’s Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers – and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.Job DescriptionAs a member of the Actuarial Department, the candidate will act as an effective contributor to their team, and will interact with insurance professionals from underwriting, claims, finance and information systems as necessary.Candidates may be required to work for other teams on an ad-hoc basis however. The candidate will be responsible for a range of projects and tasks which will involve interaction with many areas of the business.Each intern will be expected to complete challenging and meaningful project work over the course of this program. In addition, there are core assignments and a designated coach to further develop interns’ insurance knowledge.Duties may include:
– Data preparation, validation, reconciliation and analysis of premium, claims and other data
– Using software such as SAS, MS Access and Excel to produce analyses
– Communicating results with finance and/or the business and securing their buy in
– Managing multiple projects simultaneously
– Developing product knowledge
– Analyzing and assisting with property and auto rate level indications
– Testing of new rate systems
– Working with actuarial colleagues from other business areas
– Participating in rate filing preparations
– Supporting implementation of rate changes, product enhancements and testing controlsEducation, Work Experience & Knowledge :Because the Actuary Internship Program itself is complex and dynamic, we welcome applicants that have a variety of majors, backgrounds and experiences.For this internship opportunity, we are most interested in students who are serious about entering the insurance industry and who are excited about the prospect of making underwriting their future career choice.Preferred cumulative GPA of 3.0 or above. Undergraduate students completing their penultimate year is preferred.Employment PracticesTravelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.We are committed to providing accommodation to persons with disabilities. If you require accommodation during the recruitment or interview process we will work with you to accommodate your needs.If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an so we may assist you.Travelers reserves the right to fill this position at a level above or below the level included in this posting.To learn more about our comprehensive benefit programs please visit .
The Travelers – Actuarial Co-op (May to August) – Toronto, ON
Company: The Travelers
Location: Toronto, ON
Expected salary:
Job date: Sat, 05 Apr 2025 05:28:57 GMT
Job description: Who Are We?Solid reputation, passionate people and endless opportunities. That’s Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers – and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.Job Category ActuarialTarget Openings 1What Is the Opportunity? The Actuary Internship Program provides qualified students with an excellent opportunity to gain first-hand experience, receive valuable on-the-job training and learn more about the property & casualty insurance industry.This role is an exciting opportunity to work with one of the largest employers of P&C actuaries in North America. As an Actuarial Assistant, the successful candidate will be offered an opportunity to gain relevant property and casualty insurance and business experience in personal and/or commercial lines while working in a dynamic, team-focused environment.Solid reputation, passionate people and endless opportunities. That’s Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers – and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.As a member of the Actuarial Department, the candidate will act as an effective contributor to their team, and will interact with insurance professionals from underwriting, claims, finance and information systems as necessary.There are thr roles available — one each for:
Business Pricing
Personal Insurance Pricing
Actuarial ReservingCandidates may be required to work for other teams on an ad-hoc basis however. The candidate will be responsible for a range of projects and tasks which will involve interaction with many areas of the business.Each intern will be expected to complete challenging and meaningful project work over the course of this program. In addition, there are core assignments and a designated coach to further develop interns’ insurance knowledge.Duties may include:
– Data preparation, validation, reconciliation and analysis of premium, claims and other data
– Using software such as SAS, MS Access and Excel to produce analyses
– Communicating results with finance and/or the business and securing their buy in
– Managing multiple projects simultaneously
– Developing product knowledge
– Analyzing and assisting with property and auto rate level indications
– Testing of new rate systems
– Working with actuarial colleagues from other business areas
– Participating in rate filing preparations
– Supporting implementation of rate changes, product enhancements and testing controlsEducation, Work Experience & Knowledge :Because the Actuary Internship Program itself is complex and dynamic, we welcome applicants that have a variety of majors, backgrounds and experiences.
For this internship opportunity, we are most interested in students who are serious about entering the insurance industry and who are excited about the prospect of making underwriting their future career choice.
Preferred cumulative GPA of 3.0 or above. Undergraduate students completing their penultimate year is preferred.Employment PracticesTravelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.We are committed to providing accommodation to persons with disabilities. If you require accommodation during the recruitment or interview process we will work with you to accommodate your needs.If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an so we may assist you.Travelers reserves the right to fill this position at a level above or below the level included in this posting.To learn more about our comprehensive benefit programs please visit .
Gallagher – Summer Actuarial Intern – Mississauga, ON
Company: Gallagher
Location: Mississauga, ON
Expected salary:
Job date: Wed, 19 Mar 2025 05:51:55 GMT
Job description: Job Description:IntroductionDiscover a world of endless possibilities at Gallagher Benefit Services, where you’ll have the power to shape the future of workplaces across industries. As a member of our team, you become the driving force behind positive change, helping clients build environments where employees thrive. Embrace the opportunity to impact lives, unlock potential, and create a legacy of remarkable transformation.We believe that every candidate brings something special to the table, including you! So, even if you feel that you’re close but not an exact match, we encourage you to apply.
How you’ll make an impactInvestment Consulting provides a variety of high-quality services to clients through structured engagements.These services include:
- Strategic setting of investment objectives, strategic asset allocation, performance measurement and evaluation, investment monitoring and reporting, custodian selection, transition advice, statements of investment policy and global research services.
- Primarily focused on providing investment consulting services for assigned client accounts or projects. Services client accounts through contributions to the collection, design, and refining of information for reporting, data analysis, and other activities essential to the needs of the client.
- Produces quarterly performance reports, monthly performance reports, and compliance reviews, performing monthly investment performance calculations and reconciliation, and conducting qualitative and quantitative research; Peer group analysis, fund analysis and reporting, transfer/rebalancing examination, and asset allocation and asset/liability studies; Interacts with client’s staff, custodian, investment managers, and attorneys; Proactively communicates with internal stakeholders to ensure high levels of client satisfaction.
- Will typically be the “checker” within the “do, check, review” process.
- Assists in the preparation of client invoices.
- May provide guidance to lower-level staff, but doesn’t typically have formal supervisory responsibility. Responsible for adjusting or recommending solutions in account and investment issues to solve problems or improve effectiveness of client solution.
- Problems are typically solved through drawing from prior experiences, with analysis of the issue.
- Works under supervision and direction from more senior level roles.
- Works to achieve client and project targets with direct impact on client and department results.
- Works independently or with a team on larger, low to moderately complex client projects/ engagements.
About youRequired:
- Bachelor’s degree; 3 years related experience.
- Knowledge of key aspects of finance and investment theory and practice and the ability to apply this knowledge to client work.
- Working knowledge of Microsoft Windows applications and MS Office.
Desired:
- CFA certification/accreditation.
Work Traits:
- Demonstrates strong Financial acumen; Business acumen; Communication Skills; Analytical skills; Attention to detail.
Compensation and benefitsOn top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits.Below are the minimum core benefits you’ll get, depending on your job level these benefits may improve:
- Flexible medical & dental coverage to meet your household’s needs
- Life, Dependent Life and AD & D Insurance options
- Retirement savings including RRSP including a company match, TFSA, pension and more
- Employee Stock Purchase Plan
Other benefits include:
- Educational expense reimbursement
- Employee assistance programs
- Discounted gym membership (GoodLife Fitness)
- Opportunity for flexible work arrangements
- Paid sick days & personal days
- Employee education recognition program
- Employee referral bonus program
We value inclusion and diversityInclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organization. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work.Gallagher embraces our employees’ diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest.We are an equal opportunity employer which values diversity in the workplace and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the selection process.Gallagher believes that all persons are entitled to equal employment opportunity and prohibits any form of discrimination by its managers, employees, vendors or customers based on race, color, religion, creed, gender (including pregnancy status), sexual orientation, gender identity (which includes transgender and other gender non-conforming individuals), gender expression, hair expression, marital status, parental status, age, national origin, ancestry, disability, medical condition, genetic information, veteran or military status, citizenship status, or any other characteristic protected (herein referred to as “protected characteristics”) by applicable federal, state, or local laws.Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. In addition, Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified person with a disability, unless the accommodation would impose an undue hardship on the operation of our business.
BMO Financial Group – Actuarial Analyst, Pricing, Summer 2025 (Co-op/Internship) – 4 Months – Toronto, ON
Company: BMO Financial Group
Location: Toronto, ON
Expected salary: $49000 – 90800 per year
Job date: Wed, 12 Feb 2025 05:28:24 GMT
Job description: Application Deadline: 02/23/2025Address: 250 Yonge StreetJob Family Group: Customer SolutionsAs a co-op/intern student at BMO, you will have the opportunity to be heard, keep growing and make a difference. You will be part of our campus program to gain the skills and knowledge needed to take on roles similar to the description listed below.Our student experience is designed to integrate you to the BMO team from day one by adding value in the work you do. You will have the opportunity to participate in programs such as the Women in Technology Mentorship Program, BMO First Friend peer assignment, BMO Social Squad student-led activities, BMO Academy corporate learning platform and access to various Employee Resource Groups to further develop your network within BMO.Interested in learning more about our campus program? Stay up-to-date with BMO Campus Recruitment by following us on Instagram @BMO_on_Campus and joining our LinkedIn group BMO Campus Recruiting & Early Talent.Note: Only students currently enrolled in an academic program and returning to their studies will be considered for Co-op/Internship opportunities. Student who recently graduated are invited to apply to our New Grad opportunities which are available atTo apply for this opportunity, please submit your cover letter, resume and an unofficial copy of your academic transcript. By applying for this general posting, you will be considered for a number of different student opportunities across multiple locations. If you are selected to move forward, you will be provided additional information.Prices insurance products with up-to-date pricing assumptions, performing cash flow testing for assigned insurance products and using the required actuarial technology. Monitors lapse, mortality/morbidity experience on an on-going basis and provides reporting on the profitability of new products and/or product enhancements. Provides actuarial services expertise and advisory support for all insurance products of BMO Life Assurance – from direct marketing, Life insurance through agency operations, structured settlements and group annuity contracts (known as terminal funding), SPIAs, segregated funds and other retirement and investment products.
- Analyzes, evaluates and compares competitor insurance products for the high net worth market and other markets.
- Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
- Builds effective relationships with internal/external stakeholders.
- Ensures alignment between stakeholders.
- Analyzes company data to provide management reporting on insurance industry and internal business trends.
- Creates and validates Excel spreadsheets to accurately reflect product values, marketing concepts and company profitability on a monthly basis, including analysis and commentary.
- Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
- Provides input for continuous improvement of processes and procedures to support more effective operations.
- Provides input into the planning and implementation of operational programs.
- Provides sales support and business expertise in the production of insurance quotes for high net worth clients and other clients upon request.
- Performs required illustrations based on defined parameters using business judgment and makes appropriate referrals for illustrations of higher complexity and large policy over product’s maximum issue limit.
- Provides business and technical expertise when required for management reporting, special projects and technology issues.
- Provides input into product design using actuarial experience and competitive & industry knowledge, including presenting counter proposals as required for new and existing products.
- Provides an ongoing competitive analysis of BMO insurance products and identifies opportunities for business growth.
- Coordinates provision of management information, according to established needs and timelines, for use in internal and external audits and for general management information.
- Reviews progress to plans, and participates in the implementation of actions necessary to correct internal and external issues.
- Focus may be on a business/group.
- Thinks creatively and proposes new solutions.
- Exercises judgment to identify, diagnose, and solve problems within given rules.
- Works mostly independently.
- Broader work or accountabilities may be assigned as needed.
Qualifications: * Currently enrolled in an actuarial science or mathematics degree program.
- Successful completion of at least 1 SOA exam and actively pursuing an FSA/FCIA designation.
- Combination of excellent analytical and mathematical skills with strong work ethic.
- Strong software skills in MS Excel and MS Access database.
- Knowledge of life insurance products is an asset.
- Specialized knowledge from education and/or business experience.
- Verbal & written communication skills – In-depth.
- Collaboration & team skills – In-depth.
- Analytical and problem solving skills – In-depth.
- Influence skills – In-depth.
Salary: $49,000.00 – $90,800.00Pay Type: SalariedThe above represents BMO Financial Group’s pay range and type.Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit:About UsAt BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.To find out more visit us at .BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.
Marsh McLennan – Mercer Retirement Actuarial Analyst Co-Op – Toronto – Summer 2025 – Toronto, ON
Company: Marsh McLennan
Location: Toronto, ON
Expected salary:
Job date: Thu, 06 Feb 2025 04:31:46 GMT
Job description: Company: MercerDescription:We are seeking a talented individual to join our Wealth – Retirement team at Mercer. This role will be based in Toronto for the Summer 2025 term. This is a hybrid role that has a requirement of working at least three days a week in the office.As an Actuarial Analyst Co-Op in the Wealth practice, you will work with a broad range of clients and industries in a stimulating environment, participating as an integral member of project teams to design programs that support clients’ success.What Can You Expect?
- Perform retirement actuarial valuations including validation of data, analysis of the plan’s gains and losses, analysis of the plan’s asset performance, and preparation of the valuation report and related forms
- Production of year-end accounting disclosure and projection of expenses for plans under various financial reporting standards including IFRS, CPA and FAS
- Complete benefit calculations, review plan documents, produce employee benefit statements and prepare annual government forms
- Participation in the design and pricing of employee pension plans and executive pension benefits, including cash flow modelling, demographic projections and evaluation of liabilities within an asset-liability framework
- Production of various experience studies to refine demographic and financial assumptions used in actuarial valuations
- Designing and implementing strategies to manage defined benefit pension plan volatility, including funding strategy, plan design and risk transfer solutions
- Work in an integrated team of professionals from different offices to resolve modern actuarial problems in the Canadian pension landscape, including union negotiations, risk transfer and public policy
What You Need To Have?
- Strong analytical skills and working knowledge of Excel and other MS-Office software programs
- Excellent interpersonal, verbal, and written communication skills
- Intellectual curiosity; seeking opportunities to develop new skills
- Ability to work in teams and be flexible to work under tight deadlines and changing client needs
- Superior organizational skills and strong attention to detail
What Makes You Stand Out?
- Completion of two (2) years towards a bachelor’s degree in actuarial science, mathematics, statistics, finance, or a related field when internship begins
- Strong preference will be given to students demonstrating progress towards the ASA/FSA designation
- Previous relevant work experience
Why Join Our Team:
- We help you be your best through professional development opportunities, interesting work and supportive leaders.
- We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
- Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.
What’s Next?In order to be considered, submit your complete application by providing a cover letter, your resume and your most recent transcript in PDF format, via our career section.We will review completed application submission and you will be contacted if you are selected for an interview.Mercer, a business of Marsh McLennan (NYSE: MMC), is a global leader in helping clients realize their investment objectives, shape the future of work and enhance health and retirement outcomes for their people. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $23 billion and more than 85,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit mercer.com, or follow on LinkedIn and X.Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law. In accordance with the Accessibility for Ontarians with Disabilities Act, 2005, Marsh McLennan will provide a reasonable accommodation to employees and prospective employees to the point of undue hardship upon request and as required in respect of the individual’s particular restrictions and limitations. If you require a specific accommodation because of a disability or medical need, please contact reasonableaccommodations@mmc.com.Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.
Aon – Early Careers: Actuarial Intern, Retirement Consulting – Summer 2025 – Toronto, ON
Company: Aon
Location: Toronto, ON
Expected salary:
Job date: Fri, 10 Jan 2025 04:45:55 GMT
Job description: Job Description:Do you have strong analytical skills and want to develop your skills in a changing professional environment? Aon is looking for Actuarial Intern, Retirement Consulting.This is a hybrid role with the flexibility to work both virtually and from our Toronto office.Available Location: Toronto, ONDates: 4 months duration, exclusively from May 5th, 2025 to August 29th, 2025Applicants must be legally authorized to work in Canada. This role is not eligible for sponsorship, and we are unable to sponsor or take over sponsorship of an employment visa or work permit.Aon is in the business of better decisionsAt Aon, we shape decisions for the better to protect and enrich the lives of people around the world.As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.How this opportunity is differentThis is an exciting opportunity for students to learn, contribute, and gain real world work experience in a collaborative environment. You will have the chance to learn more about Aon’s culture and businesses while developing practical skills necessary for future success and postgraduate opportunities. The program equips interns with an understanding of working in an environment dedicated to exceeding client expectations and delivering products and services distinct to unique client needs.What the day will look like
- Involvement in actuarial valuations for funding purposes for pension plans;
- Involvement in actuarial valuations for accounting purposes;
- Involvement in the preparation of actuarial costings and projections;
- Provide routine technical and analytical support to ensure the continuous efficient operation of our clients’ pension plan arrangements;
- Read and interpret pension plan texts;
- Year-end update of plan records, including the reconciliation of the membership, contributions and trust fund;
- Completing government filings with pension regulators;
- Calculate benefit entitlements and prepare option packages on retirement, termination, death and marriage breakdown;
- Participating in internal seminars regarding current industry issues and technical training; and
- Working with a variety of Excel-based actuarial tools.
Skills and experience that will lead to success
- Good oral and written communication skills and ability to work in a team environment;
- Thorough and good organizational skills;
- Good knowledge of Excel and Word; and
- Previous work experience or actuarial co-op experience in a consulting/insurance environment is an asset.
Education:
- Students should be enrolled in Actuarial Sciences, Mathematics, Statistics or Business Administration; and
- Applicants should preferably be in 2nd work term or above.
How we support our colleaguesIn addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognise that flexibility goes beyond just the place of work… and we are all for it. We call this Smart Working!Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status.We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email#LI-RD1#LI-Internship#LI-Hybrid 2550648
Aon – Early Careers: Actuarial Intern, Retirement Consulting – 16 months – Toronto, ON
Company: Aon
Location: Toronto, ON
Expected salary:
Job date: Fri, 10 Jan 2025 03:48:15 GMT
Job description: Job Description:*THIS IS A 16 MONTS INTERNSHIP*Do you have strong analytical skills and want to develop your skills in a changing professional environment? Aon is looking for Actuarial Intern, Retirement Consulting.This is a hybrid role with the flexibility to work both virtually and from our Toronto office.Available Location: TorontoDates: 16 monhts duration, exclusively from May 5th, 2025 to August 29th, 2026Applicants must be legally authorized to work in Canada. This role is not eligible for sponsorship, and we are unable to sponsor or take over sponsorship of an employment visa or work permit.Aon is in the business of better decisionsAt Aon, we shape decisions for the better to protect and enrich the lives of people around the world.As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.How this opportunity is differentThis is an exciting opportunity for students to learn, contribute, and gain real world work experience in a collaborative environment. You will have the chance to learn more about Aon’s culture and businesses while developing practical skills necessary for future success and postgraduate opportunities. The program equips interns with an understanding of working in an environment dedicated to exceeding client expectations and delivering products and services distinct to unique client needs.What the day will look like
- Involvement in actuarial valuations for funding purposes for pension plans;
- Involvement in actuarial valuations for accounting purposes;
- Involvement in the preparation of actuarial costings and projections;
- Provide routine technical and analytical support to ensure the continuous efficient operation of our clients’ pension plan arrangements;
- Read and interpret pension plan texts;
- Year-end update of plan records, including the reconciliation of the membership, contributions and trust fund;
- Completing government filings with pension regulators;
- Calculate benefit entitlements and prepare option packages on retirement, termination, death and marriage breakdown;
- Participating in internal seminars regarding current industry issues and technical training; and
- Working with a variety of Excel-based actuarial tools.
Skills and experience that will lead to success
- Good oral and written communication skills and ability to work in a team environment;
- Thorough and good organizational skills;
- Good knowledge of Excel and Word; and
- Previous work experience or actuarial co-op experience in a consulting/insurance environment is an asset.
Education:
- Students should be enrolled in Actuarial Sciences, Mathematics, Statistics or Business Administration; and
- Applicants should preferably be in 2nd work term or above.
How we support our colleaguesIn addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognise that flexibility goes beyond just the place of work… and we are all for it. We call this Smart Working!Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status.We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email#LI-RD1#LI-Internship#LI-Hybrid 2550650
Hub International – Actuarial Analyst – HUB International Internship Program (HIIP) – Toronto, ON
Company: Hub International
Location: Toronto, ON
Expected salary:
Job date: Tue, 21 Jan 2025 23:06:09 GMT
Job description: Actuarial Analyst Intern – Employee BenefitsAre you ready to launch your career in insurance? Join the award-winning HUB International Internship Program (HIIP).In this full-time, paid, 17-week internship in Canada you will be exposed to the vast career opportunities within the growing insurance brokerage industry. Working with our Commercial lines, Personal lines, Employee Benefits or Retirement & Private Wealth teams, you will learn about our business through on-the-job training, working closely with a variety of HUB team members to gain hands-on experience in client service, sales, and more!Program HighlightsFull-Time Pathway: Our program is strategically designed to identify and nurture exceptional talent. Outstanding interns will have the opportunity to transition into full-time roles upon graduation.Network with the Best: Work alongside seasoned professionals and industry leaders who are eager to share their knowledge and insights with you. Engage in our Speaker Series and connect with a North American intern cohort for a comprehensive industry experience.Meaningful Projects: Contribute to impactful projects where your ideas and efforts are valued from day one. Collaborate with peers on a research topic and experience presenting your recommendations to an Executive Panel.Professional Development: Engage in workshops, seminars, and networking events designed to enhance your skills in communication, problem-solving, and leadership.Mentorship: Receive personalized guidance from mentors who will support your growth, answer your questions, and help you navigate the intricacies of the insurance landscape.Beyond the Office Experience: Enjoy field trips, volunteer initiatives, and exciting events that foster camaraderie. Experience how the industry applies to the world around us, give back to the community, and unwind with fellow interns during memorable activities.About the Team:HUB International’s National Accounts Team is the cornerstone of our Employee Benefits consulting expertise in Canada. Dedicated to delivering innovative and customized solutions, this team partners with organizations of all sizes to help them attract, retain, and support their most valuable asset—people. Combining deep industry expertise with forward-thinking strategies, the National Accounts Team delivers a full spectrum of employee benefits services, including plan design, cost management, and wellness initiatives. At HUB, we empower businesses to navigate the complexities of employee benefits while creating programs that promote employee well-being and drive organizational success.About The Role
As an Actuarial Analyst Intern in our Employee Benefits Division, you’ll gain hands-on exposure to actuarial work within the group benefits industry. Under the guidance of experienced professionals, you will analyze data, prepare actuarial valuations, and contribute to real-world projects. This role provides a unique opportunity to deepen your technical expertise and gain insight into how actuarial analysis supports businesses in achieving their employee benefits objectives.What You’ll DoConduct data review, assumption setting, and prepare reports for actuarial valuations.Perform quarterly and annual financial analysis across various industry sectors.Analyze renewal rates and assist in fee and rate negotiations with carriers.Develop and present data-driven insights through reports and presentations.Provide analytical support to internal teams and clients, addressing complex inquiries.Review insurance contracts, financial statements, and claim data.Participate in market research and analysis projects to inform client recommendations.Collaborate with senior consultants and analysts to solve problems and enhance client outcomes.Actively engage in workshops, training, and industry seminars to build technical skills.Support client communications by drafting reports, presentations, and formal letters.What You’ll Need for SuccessEnrollment in a Bachelor’s program in Actuarial Science, Mathematics, Statistics, or a related field (3rd or 4th-year students only).Progress toward an actuarial designation is an asset.Strong analytical and problem-solving skills, with a passion for working with data.Proficiency in MS Excel, including advanced functions (e.g., pivot tables, lookups).Excellent verbal and written communication skills.Ability to manage multiple priorities effectively and meet deadlines.Independent and self-motivated with a collaborative, team-oriented mindset.What’s in it for youAt HUB, we believe that diversity drives innovation, equity fosters opportunity, and inclusion creates a culture where everyone thrives. We are committed to building a workplace that reflects the communities we serve and where every employee feels valued, respected, and empowered to bring their whole self to work. By embracing diverse perspectives and fostering an inclusive environment, we cultivate a collaborative and dynamic team that delivers exceptional results for our clients and communities.Why Choose HUB?When you choose HUB, you’re choosing a competitive, exciting, and friendly work environment that strategically positions you for longevity and offers significant advancement, growth, and success opportunities. To read more about HUB, please visit –About HUB InternationalHeadquartered in Chicago, Illinois, is a leading full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services. With more than 19,000 employees in offices located throughout North America, HUB’s vast network of specialists brings clarity to a changing world with tailored solutions and unrelenting advocacy, so clients are ready for tomorrow.Through our dedication to excellence and innovation, we are proud to have achieved the remarkable distinction of ranking 5th largest insurance brokerage worldwide! We’re not just an insurance broker, we bring clarity to a changing world with tailored solutions and unrelenting advocacy.If you’re interested in learning how you can grow your career at HUB, visit our to explore our opportunities.#LI-hybrid#LI-EMDepartment Office Administration & ClericalRequired Experience: Less than 1 year of relevant experienceRequired Travel: No Travel RequiredRequired Education: Some college (no degree)
Munich Re – Actuarial Co-op, Property & Casualty Pricing; 2025 Fall – Toronto, 8 months – Toronto, ON
Company: Munich Re
Location: Toronto, ON
Expected salary:
Job date: Thu, 09 Jan 2025 04:21:47 GMT
Job description: POSITION: Actuarial Co-op, Property & Casualty Pricing (2025 Fall – Toronto, 8 months)
LOCATION: Toronto, ON
DURATION: 8 Months
ANTICIPATED START DATE: September 2, 2025
NUMBER OF POSITIONS: 1
APPLICATION DEADLINE: January 24, 2025Together, we engage with everything we have and are, to help humankind act braver and better.As the world’s leading reinsurance company with more than 40,000 employees in over 50 locations around the globe, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into manageable risk, we enable fundamental change. We recognize Diversity, Inclusion, and Belonging as a key priority with a culture that welcomes different thoughts and opinions. We dare to think big and are continuously innovating on behalf of our clients.Munich Re is one of the top providers of reinsurance, primary insurance, and insurance-related risk solutions in the world. Taking on risks worldwide of every type and complexity, the Munich Re Group and its business units are active in all lines of insurance. Our consistent risk management, financial stability, and client proximity make us a much sought-after trusted business partner. As a leader of risk transfer here in Canada, Munich Re strives to be the “go-to” reinsurance partner. We offer a full range of traditional risk-transfer solutions through Property and Casualty, Treaty and Facultative reinsurance. As risk evolves and changes, Munich Re focuses on innovation by developing products and services on the forefront of change. Together with our clients, we will shape the future of our industry.Our co-op placements provide you with an excellent opportunity to practically apply your classroom and technical training in the reinsurance industry. While with our team, you’ll be coached by experienced industry professionals, exposed to Munich Re leadership, challenged as a valuable team member and contributor doing meaningful work, and mentored to develop a solid foundation that will help position you as a future leader in the field.Munich Re is operating under a hybrid working model, including an average of 2 days in office/week with the remaining days working from home. Students are expected to relocate to the city in which they work for the duration of their co-op/internship, so they can fully benefit from the full program integration.Position OverviewYou’ll work closely with other Actuarial Associates and Actuaries within their respective departments, as well as with other key individuals across the organization in Pricing and Reserving, in our Toronto office.Note that this opportunity is with Munich Reinsurance Company of Canada, a property and casualty reinsurer subsidiary of Munich Re.Job ResponsibilitiesWork term responsibilities will vary depending on the department you’re placed; which may include, but not be limited to the following:Underwriting Pricing
- Assist in improving reinsurance pricing tools;
- Support with reinsurance benchmark rate study;
- Participate in setting of Key Performance Indicators (KPI) and other assumptions;
- Assist in reinsurance treaty pricing;
- Monitoring existing Managing General Agents (MGA) business and evaluating new MGA business opportunities;
- Support with facultative, single risks, and MGA pricing as required;
- Development of the monitoring report;
- Provide additional support in other actuarial areas, as needed.
QualificationsFirst and foremost, we’re looking for well-rounded individuals who are technically astute, have strong communication skills, and demonstrate the ability to build positive relationships. We’re seeking collaborative professionals who are excited to join our winning team and show promise of becoming a future leader in the reinsurance space.Specifically, we’re looking for the following qualifications:
- Currently pursuing an undergraduate degree in Actuarial Science, Math, or Statistics, or equivalent program – in healthy academic standing;
- Successful completion of one CAS exam (with two or more preferred)
- Excellent communication skills – spoken & written, formal/informal presentation;
- Proven capability to multi-task and successfully self-manage multiple priorities and projects of various significance;
- Effective working both independently and as part of a greater team;
- Exhibits solid organizational skills and rigorous attention to detail/accuracy in a fast-paced environment;
- Demonstrates leadership qualities – clear-thinking, curiosity, integrity, and drive;
- Proficient in Microsoft Office Suite, as well as experience with spreadsheet and database applications;
- Exposure to VBA is considered an asset;
- Preference for candidates who have relevant work experience, having already completed at least one placement (or approx. 4+ months in-field experience).
Note that this opportunity is open to both current students who are returning to in-class studies upon the completion of the work term, as well as recent graduates who have obtained their degree within the past year.Note that only candidates who are selected for interview will be contacted directly.
Thank you for your interest in joining Munich Re.
Munich Re – Actuarial Co-op, Property & Casualty Risk; 2025 Summer – Toronto, 8 months – Toronto, ON
Company: Munich Re
Location: Toronto, ON
Expected salary:
Job date: Thu, 09 Jan 2025 06:06:21 GMT
Job description: POSITION: Actuarial Co-op, Property & Casualty Risk (2025 Summer – Toronto, 8 months)
LOCATION: Toronto, ON
DURATION: 8 Months
ANTICIPATED START DATE: May 5, 2025
NUMBER OF POSITIONS: 1
APPLICATION DEADLINE: January 24, 2025Together, we engage with everything we have and are, to help humankind act braver and better.As the world’s leading reinsurance company with more than 40,000 employees in over 50 locations around the globe, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into manageable risk, we enable fundamental change. We recognize Diversity, Inclusion, and Belonging as a key priority with a culture that welcomes different thoughts and opinions. We dare to think big and are continuously innovating on behalf of our clients.Munich Re is one of the top providers of reinsurance, primary insurance, and insurance-related risk solutions in the world. Taking on risks worldwide of every type and complexity, the Munich Re Group and its business units are active in all lines of insurance. Our consistent risk management, financial stability, and client proximity make us a much sought-after trusted business partner. As a leader of risk transfer here in Canada, Munich Re strives to be the “go-to” reinsurance partner. We offer a full range of traditional risk-transfer solutions through Property and Casualty, Treaty and Facultative reinsurance. As risk evolves and changes, Munich Re focuses on innovation by developing products and services on the forefront of change. Together with our clients, we will shape the future of our industry.Our co-op placements provide you with an excellent opportunity to practically apply your classroom and technical training in the reinsurance industry. While with our team, you’ll be coached by experienced industry professionals, exposed to Munich Re leadership, challenged as a valuable team member and contributor doing meaningful work, and mentored to develop a solid foundation that will help position you as a future leader in the field.Munich Re is operating under a hybrid working model, including an average of 2 days in office/week with the remaining days working from home. Students are expected to relocate to the city in which they work for the duration of their co-op/internship, so they can fully benefit from the full program integration. In addition, it is the responsibility of the candidate to ensure that they are legally entitled to work in Canada for the entire duration of their co-op work term at Munich Re.Position Overview
You’ll work closely with other Actuarial Associates and Actuaries within their respective departments, as well as with other key individuals across the organization in Pricing, Risk Management and Reserving, in our Toronto office.Note that this opportunity is with Munich Reinsurance Company of Canada, a property and casualty reinsurer subsidiary of Munich Re.Job Responsibilities
Work term responsibilities may include, but are not limited to the following:Risk Management
- Assist in the Own Risk Solvency Assessment processes;
- Assist with the Financial Condition Testing analyses and the assessment of an internal target ratio;
- Support the preparation and quantification of quarterly risk report capital analyses of the primary and reinsurance units;
- Support the operational risk and control assessment process;
- Provide support in fulfilling regulatory and group reporting requirements;
- Provide additional support in other actuarial areas, as needed.
Qualifications
First and foremost, we’re looking for well-rounded individuals who are technically astute, have strong communication skills, and demonstrate the ability to build positive relationships. We’re seeking collaborative professionals who are excited to join our winning team and show promise of becoming a future leader in the reinsurance space.Specifically, we’re looking for the following qualifications:
- Currently pursuing an undergraduate degree in Actuarial Science, Math, or Statistics, or equivalent program – in healthy academic standing;
- Excellent communication skills – spoken & written, formal/informal presentation;
- Proven capability to multi-task and successfully self-manage multiple priorities and projects of various significance;
- Effective working both independently and as part of a greater team;
- Exhibits solid organizational skills and rigorous attention to detail/accuracy in a fast-paced environment;
- Demonstrates leadership qualities – clear-thinking, curiosity, integrity, and drive;
- Proficient in Microsoft Office Suite, as well as experience with spreadsheet and database applications;
- Exposure to VBA is considered an asset;
- Preference for candidates who have relevant work experience, having already completed at least one placement (or approx. 4+ months in-field experience).
Note that this opportunity is open to both current students who are returning to in-class studies upon the completion of the work term, as well as recent graduates who have obtained their degree within the past year.Note that only candidates who are selected for interview will be contacted directly.
Thank you for your interest in joining Munich Re.