Job Description

250 Yonge Street Toronto Ontario,M5B 2L7


While working towards your actuarial credential (e.g. completing your Fellowship of the Canadian Institute of Actuaries) you will rotate to a different department every 18-24 months within BMO Insurance. This program will give Actuarial graduates an opportunity to broaden their actuarial and business experience, working within various areas of the organization.


We offer a friendly and supportive work environment that rewards initiative and commitment. Working alongside other new and recent graduates, as well as actuaries, there's a tremendous support system in place to help guide you through exams and work challenges.


This role starts June 2026. We are actively seeking students enrolled in a related undergraduate degree program, graduating Spring 2026.


Rotations could include:

Actuarial Pricing & Reinsurance Corporate Actuarial Institutional Investments & AML Corporate Risk

As an Actuarial Associate joining BMO Insurance you will be placed in high-performing and dynamic teams where you will gain exposure to various products, initiatives, and leaders. Your roles and responsibilities may include:

Working with stakeholders across BMO Insurance and the Enterprise to calculate, analyze, and report Economic Capital. Analyze, evaluate and compare competitor insurance products. Support the execution of strategic initiatives in collaboration with internal and external stakeholders. Build effective relationships and ensure alignment between stakeholders. Analyze company data to provide management reporting on insurance industry and internal business trends. Create and validate Excel spreadsheets to accurately reflect product values, marketing concepts, reporting metrics, and company profitability, including analysis and commentary. Break down strategic problems and analyze data and information to provide insights and recommendations. Provide input for continuous improvement of processes and procedures to support more effective operations. Provide sales support and business expertise in the production of insurance quotes upon request. Perform required illustrations based on defined parameters using business judgement, and make appropriate referrals for illustrations of higher complexity and large policy over product's maximum issue limit. Provide input into product design using actuarial experience and competitive & industry knowledge, including presenting counter proposals as required for new and existing products. Think creatively and propose new solutions. Exercise judgement to identify, diagnose, and solve problems within given rules. Broader work or accountabilities may be assigned as needed.

Qualifications:

Currently enrolled in an actuarial science or mathematics degree program, graduating Spring 2026. Successful completion of at least 1 SOA exam or equivalent, and actively pursuing an FSA/FCIA designation. Combination of excellent analytical and mathematical skills with strong work ethic. Strong proficiency in MS Excel. Knowledge of life insurance and wealth products is an asset. Excellent verbal and written communication skills. Demonstrated ability to collaborate and work as part of a team. Exhibits outstanding analytical and problem-solving skills. Demonstrated capacity to influence peers and leaders.

To apply, please submit your cover letter, resume and an unofficial copy of your academic transcript.


Successful candidates will be required to work in office 4 days/week.

Salary:

$50,100.00 - $93,000.00

Pay Type:

Salaried


The 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: https://jobs.bmo.com/global/en/Total-Rewards

About Us

At 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 https://jobs.bmo.com/ca/en


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.