Our Company Background & CultureUPP is the first pension plan of its kind in Ontario's university sector, proudly serving over 46,000 members across six universities and nineteen sector organizations. Our purpose is to bring greater retirement peace of mind to the university sector by investing with integrity and serving members with care. As a sector-wide plan designed for growth, our doors are open to all Ontario universities.Our Company Background & CultureUPP is the first pension plan of its kind in Ontario's university sector, proudly serving over 46,000 members across six universities and nineteen sector organizations. Our purpose is to bring greater retirement peace of mind to the university sector by investing with integrity and serving members with care.As a sector-wide plan designed for growth, our doors are open to all Ontario universities. UPP is recognized as one of Greater Toronto's Top Employers for 2026. Together, we're a team of progressive thinkers and agile doers operating within a fast-paced culture of collaboration and respect.We believe in bringing smart and capable people together to create, solve, and grow with a clear shared vision and values of integrity, inclusivity, ingenuity, and impact. Our culture is intentionally welcoming and purposefully rooted in equity, diversity, inclusion, and reconciliation (EDI&R). We believe diverse teams, perspectives, and lived experiences contribute to better decisions and a better workplace. As a pension plan, UPP approaches investing through a long-term lens to generate and safeguard value.Our commitment to investing responsibly accounts for material risks that impact our investment portfolio to generate sufficient risk-adjusted returns to meet the pension needs of our members. Join us in building a bright future for our members, our organization, and each other.THE ROLEWe are actively looking for an Intern Analyst, Actuary, to join our team in January 2027, for an 8-month internship. The Intern Analyst, Actuary is responsible for helping to perform various actuarial funding calculations, supporting UPP's engagement, corporate finance, and pension services areas. The incumbent may also have ongoing interactions with external actuaries, legal advisors, auditors, and investment professionals. Three key areas of accountability for the Intern Analyst, Actuary include: (i) actuarial support for pension administrative services, (ii) various actuarial funding and investment calculations, and (iii) supporting other key UPP areas such as engagement and corporate finance. This is a fantastic opportunity for an undergraduate student to gain valuable work experience in a fast-growing, dynamic environment while being a part of a new pension plan.This role is based in downtown Toronto under a hybrid work policy, allowing employees the flexibility to work remotely and in-office (approximately two days per week in-office).Application DetailsWe ask that you submit a one-page resume, transcript,



and a cover letter as part of your application.This posting is for an existing vacancy.Specific AccountabilitiesThe Intern Analyst, Actuary will be responsible for a variety of duties, including but not limited to the following:Actuarial Support to Pension ServicesPerform various tasks to support the accuracy and effectiveness of administrative calculations for Pension ServicesSupport the execution and validation of various annual deliverables required by the plan terms and pension legislationDevelop tools to verify pension benefit calculations and pension projection calculations and test the tools to ensure quality and accuracy of administrative calculationsPerform pension administration calculations that are of a special or complex nature (family law, pre-retirement death, or other complex/infrequent type calculations)Engagement, Corporate Finance SupportUPP's actuarial team provides support to UPP's university sector engagement, corporate finance areasProjects and tasks cover from these three areas include preparing presentations comparing different universities' pension arrangements, comparing member profiles at various retirement ages, answering various UPP funding questions, reviewing draft of corporate financial statements, supporting external audit requestsActuarial Valuation Of Assets And LiabilitiesCalculating the market value and smoothed value of assets using established methodsCalculating actuarial accrued liabilities, current service costs, and funded statuses under various actuarial cost methodsValidating data used for valuation purposesReviewing economic, demographic, and other assumptionsResearching various models for assumption setting, performing experience studies, and attending webcasts and (when permitted) in-person actuarial and other pension industry meetingsPreparing UPP Committee and Board PresentationsThe intern analyst, actuary will support the Actuary team in preparing presentations covering topics such as assumptions, the plan's funded status, membership summaries, discount rate, notional tracking, portfolio construction, and other investment topics or corporate finance topics as required from time to time.Peer Plan AnalysisPreparing and maintaining repositories of key information of peer pension plansQualifications & ExperienceCompletion of second-year actuarial science program or similar mathematical sciences program or completion of an undergraduate degree in actuarial science, finance, or businessSuccessful completion of at least one Society of Actuaries (SOA) actuarial examSome actuarial industry,



investment or pension plan experience is an assetStrong ability to prepare advanced presentations in PowerPointStrong ability to set up and manipulate spreadsheets in ExcelSome familiarity with pension industry actuarial valuation programs and annuity calculation toolsStrong computer skills including solid grasp of MS Office applications and advanced Excel skills; VBA scripting skills and the ability to build out reports and presentationsATTRIBUTESDemonstrated ability to manage the ambiguity and shifting work demands inherent in a start-up environmentAn ambitious self-starter and collaborative team player and who brings a positive can-do, roll-up-your-sleeves attitude in a highly entrepreneurial, fast-paced environmentResourceful and persistent in gathering and assessing information with the ability to quickly assimilate knowledgeStrong communication skills, both verbal and writtenHigh degree of professionalism and integrityExpected CompensationThe expected compensation for this role is an annualized base salary in the range of $50,500 to $61,500. This range reflects base salaries for all intern levels and is subject to change and may be modified in the future. Salaries are aligned to academic year and role scope.LIFE AT UPPDo work that matters. We are duty-bound to serve our members' interests, and it's a responsibility we don't take lightly. That's why we've ingrained sustainability in our work from day one—to ensure our members have a resilient future to retire into, both today and for generations to come.Stronger together. Collaboration is how UPP was born, and it's how we work with each other and our partners day in, day out. No one at UPP is just a number (even if they are excellent at math) and every win is a shared win.Grow every day. You'll have the prospect to work on unique, once-in-a-career projects that maximize your skill set and probably teach you some new ones—at any stage in your career.BenefitsSupportive and welcoming onboarding through the UPP Buddy ProgramFree snacks and beverages (coffee, tea, and flavored water) in the officeMonthly social eventsPaid holidaysSlowdown periods and Mental Health DaysThis posting will remain open for a minimum of seven (7) days and will remain open until a sufficient number of qualified applications are received or finalist candidates have been identified.Artificial intelligence (AI) tools may be used to support certain stages of the recruitment process, including sourcing, screening, and assessment. All hiring decisions involve human review and intervention by UPP employees.UPP enthusiastically welcomes applications from all qualified applicants and especially invites people with lived experience as an Indigenous person, a person with a disability or as a member of another Human Rights Code protected group that faces barriers to employment to apply. Our goal is to create a barrier-free experience for every candidate throughout the recruitment process.UPP respects your privacy. For information on how UPP handles the personal information you provide during the application process, please see our Job Applicant Privacy Statement.

📌 Intern Analyst, Actuary (Toronto)
🏢 University Pension Plan Ontario
📍 Toronto