Location: Toronto, ON, CA

Do you have a passion for transforming complex data into actionable insights? Join our team where your actuarial expertise will directly impact business decisions across North America. This role offers you the opportunity to be at the intersection of traditional actuarial science and cutting‑edge analytical techniques, helping shape the future of life insurance risk assessment.

About the Role
As a Senior Research & Development (R&D;) Actuary, you'll be instrumental in developing and maintaining sophisticated mortality and lapse assumptions that drive our business decisions. You'll leverage your analytical prowess to translate experience data into valuable insights that inform product development, pricing strategies, and portfolio management across both Canadian and US markets.

Key Responsibilities

Lead experience analysis initiatives to monitor population and insured life trends across direct insurance and reinsurance portfolios

Develop key assumptions for mortality and lapse rates used in new business costing, in‑force management opportunities, and business valuation

Analyze complex data sets to identify underlying drivers of mortality and lapse, including policyholder behavior, product characteristics, and underwriting methods

Create creative tools and analytics to enhance monitoring methods and improve assumption accuracy

Stay current with industry research and publications to continuously refine our methodologies

Collaborate cross‑functionally with Canadian and US market units, Risk Management, In‑force Optimization, and Portfolio Steering & Monitoring teams





Present findings internally to educate colleagues and externally to clients, potentially at industry events and special client meetings

Document thoroughly all assumption development processes in compliance with corporate governance standards

Ensure alignment between developed assumptions and their implementation in models to prevent unexpected errors

About the Team
The Actuarial and Research Development team specializes in life insurance experience monitoring/analysis and assumption development support for both Canadian and US markets. Our team leads and ensures consistent application of sound actuarial principles, methods, and tools across the organization. We provide critical insights that drive product development, pricing strategies, and experience analysis.

About You
You're a detail‑oriented professional who thrives on solving complex problems and communicating technical concepts clearly to diverse audiences. You have a curious mindset that drives you to continuously improve methodologies and challenge conventional thinking. You're comfortable working with ambiguity and can balance multiple perspectives when making recommendations.

Qualifications

Fellowship with the Society of Actuaries with 7+ years of relevant experience

Bachelor's degree in mathematics, statistics, actuarial science,



or related field with demonstrated mathematical and analytical abilities

Experience in mortality and lapse assumption development for life insurance products

Proven ability to translate complex analytical findings into clear business recommendations

Strong communication skills with the ability to present effectively to various stakeholders

Nice‑to‑Haves

Experience with advanced analytical techniques (GLMs, machine learning, AI)

Proficiency in technical tools such as Excel, Visual Basic, R, Python, SAS, or AXIS

Knowledge of actuarial modeling platforms like ICE or Stargate

Experience working in both Canadian and US insurance markets

Demonstrated ability to influence without authority in cross‑functional teams

Creative problem‑solving approach and resourcefulness in overcoming barriers

Experience presenting at industry events or client meetings

Salary
The base salary hiring range for this existing position located in Toronto is CAD $156,000 to $195,000. The specific base salary offered for this or any given role will take into account a number of factors including but not limited to job location, scope of role, qualifications, complexity/specialization/scarcity of talent, experience, education, and employer budget.

Equal Opportunity Statement
We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics.

Reference Code: 137734

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📌 Senior R&D Actuary (Ontario)
🏢 Hispanic Alliance for Career Enhancement
📍 Ontario