Bmo Insurance Actuarial Rotation Program

4 months ago

Toronto, Canada BMO Financial Group Full time

33 Dundas Street West Toronto Ontario,M5G 3C2

While working towards completing your Fellowship of the Canadian Institute of Actuaries you will rotate to a different department every 18 months. 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. With many other students and actuaries working with you, there’s a tremendous support system in place to help guide you through exams and work challenges.

This role starts June 2025. We are actively seeking students enrolled in an undergraduate degree program, graduating Spring 2025.

Rotations could include:

- Actuarial Pricing
- Corporate Actuarial
- Resinsurance
- Investments & AML
- Corporate Risk

You will take on responsibilities similar to the description listed below.

Prices insurance products with up-to-date pricing assumptions, performing cash flow testing for assigned insurance products and using the required actuarial technology. Monitors lapse, mortality/morbidity experience on an on-going basis and provides reporting on the profitability of new products and/or product enhancements. Provides actuarial services expertise and advisory support for all insurance products of BMO Life Assurance - from direct marketing, Life insurance through agency operations, structured settlements and group annuity contracts (known as terminal funding), SPIAs, segregated funds and other retirement and investment products.
- Analyzes, evaluates and compares competitor insurance products for the high net worth market and other markets.
- Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
- Builds effective relationships with internal/external stakeholders.
- Ensures alignment between stakeholders.
- Analyzes company data to provide management reporting on insurance industry and internal business trends.
- Creates and validates Excel spreadsheets to accurately reflect product values, marketing concepts and company profitability on a monthly basis, including analysis and commentary.
- Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
- Provides input for continuous improvement of processes and procedures to support more effective operations.
- Provides input into the planning and implementation of operational programs.
- Provides sales support and business expertise in the production of insurance quotes for high net worth clients and other clients upon request.
- Performs required illustrations based on defined parameters using business judgment and makes appropriate referrals for illustrations of higher complexity and large policy over product’s maximum issue limit.
- Provides business and technical expertise when required for management reporting, special projects and technology issues.
- Provides input into product design using actuarial experience and competitive & industry knowledge, including presenting counter proposals as required for new and existing products.
- Provides an ongoing competitive analysis of BMO insurance products and identifies opportunities for business growth.
- Coordinates provision of management information, according to established needs and timelines, for use in internal and external audits and for general management information.
- Reviews progress to plans, and participates in the implementation of actions necessary to correct internal and external issues.
- Focus may be on a business/group.
- Thinks creatively and proposes new solutions.
- Exercises judgment to identify, diagnose, and solve problems within given rules.
- Works mostly independently.
- Broader work or accountabilities may be assigned as needed.** Qualifications**:

- Currently enrolled in an actuarial science or mathematics degree program.
- Successful completion of at least 1 SOA exam and actively pursuing an FSA/FCIA designation.
- Combination of excellent analytical and mathematical skills with strong work ethic.
- Strong software skills in MS Excel and MS Access database.
- Knowledge of life insurance products is an asset.
- Specialized knowledge from education and/or business experience.
- Verbal & written communication skills - In-depth.
- Collaboration & team skills - In-depth.
- Analytical and problem solving skills - In-depth.
- Influence skills - In-depth.

**Salary**:
$49,000.00 - $90,800.00

**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.

  • Actuarial Associate, Bmo Life Assurance

    6 months ago

    Toronto, Canada BMO Financial Group Full time

    250 Yonge Street Toronto Ontario,M5B 2L7 This role will be part of the Actuarial Student Program, and we provide support (exam study days, study material and registration fees) to you to pursue full actuarial designations. **Key Accountabilities**: - Create and update pricing models for pricing initiatives, which includes preparation and/or presentation...

  • Actuarial Associate

    6 months ago

    Toronto, Canada BMO Financial Group Full time

    60 Yonge Street Toronto Ontario,M5E 1H5 Executes the calculations and analysis required for regulatory and management reporting and provides support to the actuarial production of work. Extracts and compiles actuarial data to ensure that the investment and risk portfolio conforms to prescribed guidelines. - Develops solutions and makes recommendations based...

  • Actuarial Associate

    4 months ago

    Toronto, Canada BMO Financial Group Full time

    250 Yonge Street Toronto Ontario,M5B 2L7 This position is accountable to the Director, Capital & Inforce Management, to assist in the execution of various capital & inforce management activities. Responsibilities include: - Assist in the production of quarterly LICAT filing - Provide support in the implementation of the LICAT guideline changes and various...

  • Excellence in Action: Finance Rotation Program

    4 months ago

    Toronto, Canada BMO Financial Group Full time

    100 King Street West Toronto Ontario,M5X 1A1 In this rotational program, you will be a key member of an engaged, high-performing team. This is a world-class program with winning culture that prioritizes people development and focuses on long-term career growth. You will have the opportunity to participate in three - eight-month rotations (totaling two...

  • Manager, Claims

    6 months ago

    Toronto, Canada BMO Financial Group Full time

    250 Yonge Street Toronto Ontario,M5B 2L7 This is a hybrid role with 2-days in the office at our office located at 250 Yonge Street. The Claims Department at BMO is looking for an energetic individual to join our great claims team. As the Manager, Claims - you will have a pivotal role in overseeing the management of the Claims Specialist team and includes...

  • Bmo Rewards Loyalty Manager, Bmo Rewards Program

    6 months ago

    Toronto, Canada BMO Financial Group Full time

    55 Bloor Street West Toronto Ontario,M4W 3N5 **Knowledge & Experience** - Strong track record delivering results in ambiguous and challenging situations - 4-6 years loyalty program and/or product management experience - 2-3 years partnership management - P&L accountability and payments experience preferred - Minimum undergraduate university degree, an MBA...

  • Business Development Specialist

    7 months ago

    Toronto, Canada BMO Financial Group Full time

    60 Yonge Street Toronto Ontario,M5E 1H5 Drives sales results to enhance the promotion of BMO Life Assurance product and services to managing general agencies (MGAs) and brokers. Shares feedback on the product, processes, etc. to internal stakeholders to ensure continual enhancement of the insurance offer. - Attends and participates in regional industry...

  • New Business Associate

    7 months ago

    Toronto, Canada BMO Financial Group Full time

    60 Yonge Street Toronto Ontario,M5E 1H5 Accountabilities **Customer Service** - Issue and settle policy contracts in an efficient manner to meet service and quality level standards - Address customer services issues according to established parameters, escalating as required to the Manager, New Business for resolution. Demonstrate sound judgement in the...

  • Avp & Actuary

    1 month ago

    Toronto, Canada Zurich Insurance Full time

    **The Opportunity Are you looking for a caring, collaborative, values-driven workplace with inspiring teammates and leaders? Do you have the ambition and desire to be the best and thrive at the most impactful global insurance provider in the world? Look no further than Zurich Canada. If you have experience as an Actuary and are looking for a new challenge,...

  • Insurance Actuarial Professional

    4 weeks ago

    Old Toronto, Canada Manulife Insurance Malaysia Full time

    Manulife Insurance Malaysia Job Opportunity About the Role:We are seeking a skilled Insurance Actuarial Professional to join our team in Toronto, Ontario, or Boston, Massachusetts. This exciting opportunity will allow you to play a key role in supporting financial reporting under IFRS17, working closely with seasoned actuarial and accounting...

  • Manager, New Business Case Coordination

    1 week ago

    Toronto, Canada BMO Financial Group Full time

    250 Yonge Street Toronto Ontario,M5B 2L7 Reporting to the Director, New Business within BMO Life Insurance, the **Manager, New Business Case Coordination and Underwriting Support** is responsible for the management of the Life and Critical Illness New Business Case Coordinator and Underwriting Support teams. The role is responsible for the development and...

  • Avp Pricing Actuary

    7 months ago

    Toronto, Canada Zurich Insurance Full time

    **The Opportunity** - Are you looking for a caring, collaborative, values-driven workplace with inspiring teammates and leaders? Do you have the ambition and desire to be the best and thrive at the most impactful global insurance provider in the world? Look no further than Zurich Canada.- If you have experience as an Actuary and are looking for a new...

  • Actuarial Analyst

    1 month ago

    Toronto, Canada Stalwart Insurance Group Full time

    **Actuarial Analyst** **About Stalwart** Practico is a growing Canadian life insurance brokerage looking to become one of Canada’s leading life insurance brokerages through a combination of its expertise, unique offerings and innovative financial technology. **Summary** As an Actuarial Analyst, you will collaborate internally with our Sales,...

  • Product Manager, Bmo Insurance

    4 months ago

    Toronto, Canada BMO Financial Group Full time

    250 Yonge Street Toronto Ontario,M5B 2L7 Defines and implements the product development, sales and marketing strategy for an insurance product or product portfolio, with P&L (profit and loss) accountability. This includes market research, forecasting, pricing and competitive analysis. Innovates to develop new products and enhancements to existing ones, to...

  • Avp Reserving Actuary

    6 months ago

    Toronto, Canada Zurich Insurance Full time

    **The opportunity** - Are you looking for a caring, collaborative, values-driven workplace with inspiring teammates and leaders? Do you have the ambition and desire to be the best and thrive at the most impactful global insurance provider in the world? Look no further than Zurich Canada.- If you have experience as a Corporate Actuary and are looking for a...

  • Manager, Bmo Rewards Program Customer Engagement

    6 months ago

    Toronto, Canada BMO Financial Group Full time

    33 Dundas Street West Toronto Ontario,M5G 3C2 Loyalty programs are a major driver of customer engagement and credit card spend and are the most important factor customers consider in choosing a credit card. The brand perception, customer experience and overall value of a loyalty program underpin the success or failure of a credit card portfolio. The...

  • Actuarial Analyst, Commercial Insurance

    7 months ago

    Toronto, Canada Definity Financial Corporation Full time

    Job ID : 7550 Category : Commercial Insurance Brand : Economical Regular/Temporary : Regular Fulltime/Parttime : Full Time Location : Toronto, Canada Posting Range : $52,300 - $103,300 Economical is part of Definity, which includes some of Canada’s most long-standing and innovative insurance brands, including Economical Insurance, Sonnet Insurance, Family...

  • Actuarial Analyst

    3 weeks ago

    Toronto, Canada Stalwart Insurance Group Full time $80,000

    Actuarial Analyst About Stalwart Practico is a growing Canadian life insurance brokerage looking to become one of Canada’s leading life insurance brokerages through a combination of its expertise, unique offerings and innovative financial technology. Summary As an Actuarial Analyst, you will collaborate internally with our Sales, Underwriting, Operations...

  • Insurance Associate

    6 months ago

    Toronto, Canada BMO Financial Group Full time

    60 Yonge Street Toronto Ontario,M5E 1H5 **Risk Management** - **Adhere to all aspects of First Principles our code of Business Conduct and Ethics including individual accountability as it relates to potential conflicts of interest, safeguarding of customer information, trading in securities, anti-money laundering, privacy and disclosure of outside business...

  • Senior Actuarial Consultant

    6 months ago

    Toronto, Canada Zurich Insurance Company Full time

    The Opportunity Are you looking for a caring, collaborative, values-driven workplace with inspiring teammates and leaders? Do you have the ambition and desire to be the best and thrive at the most impactful global insurance provider in the world? Look no further than Zurich Canada. If you have experience as an Actuary and are looking for a new...