Actuarial Analyst

47 minutes ago

Cambridge, Ontario, Canada Farm Mutual Re Full time

Farm Mutual Re is a mutual reinsurer that offers tailored reinsurance solutions for varied insurance lines and helps mutual insurers keep their promises by providing financial stability and insurance capacity. Recognized as Waterloo Area's Top Employers 2026, Southwestern Ontario's Top Employers 2025, and Canada's Greenest Employer 2025, we remain committed to making a meaningful impact on our members, customers, employees, and business partners. Our values of care, trust, courage, and sustainability foster a sense of belonging and guide our decisions and actions.

We have an excellent opportunity as an Actuarial Analyst in our Ontario Mutual Automobile Plan (OMAP) department. OMAP is a department which provides product, underwriting, actuarial, regulatory, and systems support to a group of Ontario Mutual Insurance Association (OMIA) companies that underwrite automobile insurance in Ontario and have elected to do a common filing with the Financial Services Regulatory Authority (FSRA). This group of 30 mutual insurance companies writes a combined annual automobile insurance premium base of approximately $350M.

The Opportunity
The Actuarial Analyst will report directly to the Actuarial Manager of the Ontario Mutual Automobile Plan (OMAP). The successful individual will be a pivotal member of the department, contributing to the delivery of actuarial rate indications and statistical models supporting the Ontario Mutuals' shared automobile insurance product.

This position offers a hybrid work schedule. In-office frequency is usually 2-3 days per month.

As The Successful Candidate, You Will

  • Develop predictive models for in depth analyses and improve current model/process
  • Prepare and support regulatory rate filings and document actuarial pricing process and models
  • Collaborate with business partners, colleague and stakeholder to deliver pricing mandates
  • Collate all the analysis from the various sources to determine pricing proposals for rate change
  • Apply both traditional and innovative ways to apply accepted actuarial techniques to business issues

Your Skills And Qualifications

  • You have a degree in actuarial science, statistics, or another related field
  • You have completed at least 2 or more CAS exams
  • You have 1 to 2 years of work experience in an actuarial role
  • You have prior experience completing auto rate filings with FSRA, or other provincial regulators is an asset
  • You are proficient in using excel spreadsheets and working knowledge of business intelligence tools
  • You have working knowledge of at least one of SQL, R, Python, or actuarial software
  • You possess clear written and verbal communication skills and able to explain analysis results with guidance

This posting represents a current, existing vacancy within our organization.

Compensation
The expected base salary range for this position is $75,000 to $90,000.

The actual salary will be determined based on factors including but not limited to, market conditions, relevant experience, job related knowledge, skills, abilities, qualifications, and education.

Employees may also have the opportunity to participate in incentive programs to earn additional compensation. Incentive compensation is tied to established business and individual performance targets.

What's in it for you?

  • Flexible hybrid work environment, which balances remote and in-office work
  • A comprehensive wellness plan, including personalized health coaching, fitness classes, and access to an on-site gym
  • Ongoing professional development opportunities, such as paid education, training, certifications, mentorship programs, and personalized career development plans
  • Paid volunteer day to give back to your community
  • In addition to our competitive salary, employees also receive exceptional employer-paid benefits, a defined benefit pension plan, and more to support their future

How To Apply
Visit our careers page for more information or select
Apply now
to submit your application.

Farm Mutual Re is committed to creating an equitable, diverse, and inclusive work environment for all. We provide accommodations that help achieve a barrier-free workplace. If you require an accommodation to participate in the recruitment process, please contact

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