Senior Actuarial Consultant (Toronto)

Senior Actuarial Consultant (Toronto)

24 Oct
|
Workplace Safety and Insurance Board (WSIB)
|
Toronto

24 Oct

Workplace Safety and Insurance Board (WSIB)

Toronto

About the Workplace Safety and Insurance Board (WSIB)

We’re here to help. When an injury or illness happens on the job, we move quickly to provide wage-loss benefits, medical coverage and support to help people get back to work. Funded by businesses, we also provide no-fault collective liability insurance and access to industry-specific health and safety information. We are one of the largest insurance organizations in North America covering over five million people in more than 300,000 workplaces across Ontario. For more information, visit wsib.ca.

At the WSIB, you’ll have the opportunity to:

explore many career paths and follow your passion continuously learn and grow professionally be recognized for the excellent work you do participate in programs that support your health and wellbeing

You’ll also receive a competitive salary and may be eligible to participate in our health and dental plan.

This role requires the successful applicant to commit to an in-office work arrangement up to 5 days a week beginning in 2027.

From: $132,000.00 To: $165,000.00

Help Shape the Financial Future of Ontario's Workers' Compensation System

At WSIB, your work has a purpose beyond the numbers. As a Senior Actuarial Consultant, you'll play a key role in ensuring the long-term financial sustainability of Ontario's workers' compensation system that supports millions of workers and employers across the province. Working closely with the Chief Actuary, CFO, and senior finance leaders, you'll provide strategic actuarial advice, lead complex valuation and forecasting initiatives, and contribute to high-profile modernization projects that help shape the future of WSIB.

This is an opportunity for an experienced actuary to combine advanced technical expertise, project leadership,



and executive-level influence while working on unique actuarial challenges that extend beyond traditional insurance environments.

Why Join WSIB? Purpose-driven work

that directly impacts workers and employers across Ontario Executive visibility and influence , including exposure to the Chief Actuary, CFO, senior finance leadership, and Board-level initiatives Opportunity to lead both

business-critical actuarial work

and transformative modernization projects Exposure to complex actuarial challenges involving long-term liabilities, funding, forecasting, and legislative costing Competitive total rewards package, including a defined benefit pension plan, comprehensive benefits, professional development support, and paid continuing education

What You’ll Do: Lead Complex Actuarial Analysis and Projects by: Reviewing actuarial methods, models, and assumptions Providing guidance and technical expertise to actuarial staff Analyzing and validating actuarial results for accuracy and reasonableness Leading project teams and ensuring key deliverables and timelines are achieved

Key areas of responsibility include:

Valuation of benefit liabilities Funding and financial forecasting Premium and administration rate setting Experience rating programs Development and enhancement of actuarial methodologies and models

Deliver Strategic Advice and Actuarial Insights:



Prepare reports, recommendations, and actuarial analyses for senior leadership Support decision-making by developing reliable actuarial models and forecasts Monitor changes in actuarial standards, industry practices, and WSIB policies Present actuarial findings and recommendations to internal and external stakeholders, including auditors, employers, and actuarial professionals

Lead Experience Studies and Special Projects such as: Mortality, termination, health care, and occupational disease studies Economic and administration cost studies Legislative and policy costing analyses Stochastic modelling and model enhancements Funding and asset-liability management initiatives New methodologies, systems, and actuarial processes Emerging accounting and reporting requirements

Build Partnerships Across the Organization Collaborate with stakeholders across the organization and develop relationships with external partners, including auditors, actuarial consultants, employers, government agencies, industry organizations, and workers' compensation boards across Canada.

What We’re Looking For: Education & Professional Designation University degree in Actuarial Science, Finance, Mathematics, Statistics, or a related field

Experience 10+ years of actuarial experience within insurance, pensions, employee benefits, workers' compensation, consulting, or a related environment 5+ years of actuarial experience post-Fellowship designation Experience leading complex actuarial projects and cross-functional initiatives Strong communication skills with the ability to present complex actuarial concepts to executive and non-technical audiences

Ideal Backgrounds We are particularly

📌 Senior Actuarial Consultant (Toronto)
🏢 Workplace Safety and Insurance Board (WSIB)
📍 Toronto

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