Job Description

Actuarial Analyst, Corporate Actuarial – Reserving

Job ID : 6035
Category : Corporate Actuarial & Risk
Brand : Definity
Regular/Temporary : Regular
Fulltime/Parttime : Full Time
Location : Waterloo, Canada


Definity includes some of Canada’s most long-standing and innovative insurance brands, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. With strong roots that date back to 1871, we’ve grown to become a digital leader in the insurance industry. We’re proud to help our clients and communities adapt and thrive in a world of constant change. Our promise to you: It’s better here. Why? Because we CARE, and we provide an employee experience that’s collaborative, ambitious, rewarding, and empowering. Our ambition is to be one of Canada’s leading and most innovative P&C insurers. Come be a part of our journey, and love what you do. Starting in September, Definity employees move to a hybrid work model so we can collaborate, build mentoring relationships, and solve complex or cross-functional business opportunities together. Our teams work in whichever environment best supports what they're working on and who they're working with. We're actively reinventing our offices as welcoming workspaces that optimize collaboration and empower leaders to use our space to strengthen team dynamics. Our tools and processes seamlessly connect employees from multiple locations, and our culture encourages respectful engagement and flexibility. Leaders work with their teams to determine the right balance of on-site and remote work that best meets the needs of their team, cross-functional engagement, responsibilities and timelines, plus those of our customers, our broker partners, and the company culture. What can you expect in this role?

• Responsible for the valuation of policy liabilities under the direction of the Leader, Reporting and operations
• Parse, extract, manipulate and validate data
• Develop and apply information from spreadsheets, databases and statistical software to compile and categorize data used in reserving and profitability analysis
• Communicate basic actuarial concepts to other actuaries both verbally and in writing
• Produce various data exhibits and analyses relating to measuring, tracking and monitoring company and industry performance
• Respond to routine requests of internal and external stakeholders related to standard reports and processes with validation from senior staff

What do you bring to the role?

• University degree in a quantitative field: Actuarial Sciences, Mathematics, Statistics
• Completion of 2 to 4 exams of the Casualty Actuarial Society
• Excellent communication and organizational skills
• Strong programming skills including efficient use of Microsoft applications (Excel, Access, VBA, etc.)
• Experience with SAS, Tableau, Python or R would be an asset
• Able to perform well in a busy operation and remain calm under pressure
• Team player, adaptable to a changing and fast-paced environment

#LI-JG1 We also take potential into consideration. If you don’t have this exact experience, but you know you have what it takes, be sure to give us more insight through your application and cover letter. Go ahead and expect a lot — you deserve it, and we’ve got it:

• Hybrid work schedule for most roles
• Company share ownership program
• 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

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] Background checks
This role requires successful clearance of a background check (including criminal checks and leadership references). #LI-Hybrid