Definity is the parent company to some of Canada’s most long-standing and innovative insurance brands, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. Our ambition is to be one of Canada’s leading and most innovative property and casualty insurers. We can’t do that without our people, so we embrace and encourage a culture that’s collaborative, ambitious, rewarding, and empowering.
We offer a flexible, hybrid work experience where employees work from the office and virtually depending on the type of work they are doing and who they are working with. Bring your true self and be a part of our journey. It’s better here.
What could this role bring to you?
- 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 could you bring to the role?
- University degree in a quantitative field: Actuarial Sciences, Mathematics, Statistics.
- Completion of a minimum of 3 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:
- Junior: $53,800 - $106,400
- Intermediate: $65,200 - $123,000
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
- 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
Actual 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. In addition to base pay, 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.
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].
Background checks
This role requires successful clearance of background checks (including criminal checks and leadership references).
