Actuarial Benefits Analyst

1 day ago

Toronto, Canada People Corporation Full time

The Actuarial Benefits Analyst (co-op) will provide group benefits consulting support, including design and financial management for existing medium and large clients and prospects. In addition, the Actuarial Benefits Analyst (co-op) will perform actuarial valuations, accounting disclosures of post-retirement and post-employment benefits, reserve calculations, simulation modelling, flex plan pricing and modelling and other actuarial and analytic projects. The Actuarial Benefits Analyst (co-op) will work closely with internal consulting teams, interface with vendors, support client deliverables, and ensure quality standards are met.
**The**Actuarial**Benefits Analyst (Co-op Student) will**:

- Contribute to the overall design and management of group medical, dental, life, disability and special risk benefits for clients.
- Prepare actuarial valuations of post-retirement and post-employment benefits plan, in accordance with accounting standards appliable to the plan;
- Review all benefits documentation (contracts, booklets, collective agreement, amendments) for accuracy;
- Annual renewal analysis and negotiations with carriers; prepare client reports and presentations;
- Experience reporting, budget projections and reviewing plan financial performance;
- Review financial statements for accuracy and adherence to underwriting agreements;
- Conduct plan design benchmarking studies;
- Assist and build plan design tools and financial database;
- Conduct marketings, including preparing and submitting specifications, analysis, cost comparisons and recommendations on marketing responses, and preparing marketing report;
- Gather data and determine cost impact for plan design changes;
- Monitor carrier/provider services standards;
- Support the consulting team in preparing documents for client presentations and meetings

**To be successful as an**Actuarial**Benefits Analyst (Co-op Student) with People Corporation, you will need**:

- University student in Mathematics, Statistics, Actuarial Science, or related discipline
- Advanced competency with Microsoft Excel
- Proficiency with Word, PowerPoint and Outlook
- Strong analytical skills
- Excellent organizational skills with strong attention to detail and high level of accuracy
- Ability to manage and prioritize competing demands in order to meet client and company needs
- Ability to work independently and in a team environment
- Strong written and verbal communication skills
- Sensitivity to confidential information
- Actively writing Society of Actuaries (SOA) or Canadian Institute of Actuaries (CIA) exams
- Knowledge of actuarial valuation software (e.g., ProVal) is an asset

**What’s in it for you**:

- Learn by working alongside our experts

At People Corporation we are committed to helping businesses succeed. We are a national provider of benefits, retirement, wealth, wellness, and human resource solutions. Our experts and solutions serve over 20,000 clients representing nearly 3 million Canadians. We offer customized solutions designed to fit the unique needs of businesses and their employees, members and stakeholders.

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