Actuarial Associate

Join to apply for the Actuarial Associate role at Workplace Safety and Insurance Board (WSIB) 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. Opportunities at the WSIB Explore many career paths and follow your passion. Continuously learn and grow professionally. Be recognized for the great 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 is a contract opportunity with the WSIB for up to minimum 12 months. Salary Grade: N05 From: $71,098.79. Job Summary As a member of a team provide technical support in the provision of reliable, accurate, comprehensive and timely actuarial services to internal and external clients. Participate in various actuarial assignments and projects such as analysis of the impact of changes in various strategic factors affecting the workplace safety and insurance system in Ontario and development or revision of actuarial models to perform analyses for use by the senior actuarial staff and Actuarial Management in providing sound actuarial advice to WSIB management and the Ontario Ministry of Labour (MOL). Major Responsibilities Participate as a member of a number of ongoing or special project teams, as assigned by Management of Actuarial Services, functioning in a technical capacity for some assignments or as project co‑ordinator in others. Projects can be divided into three groups: primary, secondary and ad hoc. Primary Project Teams Classification and pricing – use current WSIB rate‑setting strategy and assumptions, economic forecasts and other financial information to derive annual premium rates for over 150 rate groups; monitor the industrial classification scheme for Schedule 1 employers and participate in premium rate consultation with industry groups; produce Premium Rates Manual which is posted on WSIB website for use by both internal staff and external stakeholders; provide table of premium rates to Operations for billing employers. Valuation of liabilities – perform valuation of benefit liabilities calculations; prepare various reports detailing benefit liabilities and cash flows; collect and validate data for reasonableness and completeness and confirm data integrity; perform experience analysis and create / design, revise and review models and assumptions to determine the present value of expected future benefit payments for all incurred injuries on a quarterly basis and at year end for publication in the annual report. Projection of financial position – develop long‑term forecasts of revenues and expenditures, assets and liabilities to determine WSIB funding sufficiency; monitor experience and prepare analyses of results for senior management and MOL use in strategic planning and legislative development. Experience rating – develop and review experience rating models, reserves and other factors to reflect current situation; forecast rebate/surcharge for ER programs; prepare response to employers' requests or questions about ER programs or account information; advise industry committees and associations on construction industry experience rating plan (CAD‑7) and new experimental experience rating plan (NEER) matters and monitor these programs. Secondary Projects Provide support and participate in claims experience, mortality, termination and occupational disease studies – research, create actuarial models and analyze claims experience. Prepare valuation of liabilities for Schedule 2 employers – provide claims details files; prepare year‑end valuation calculations of liabilities and provide detailed summaries. Work with Internal/External Auditors – provide year‑end valuation results, models and assumptions used in benefit liabilities calculations; provide support to auditor to complete sign off of the annual audit and assist in all audit requests. Generate net average earnings tables for Operations’ benefit payment system. Determine indexation of benefits. Analyze claims experience. Prepare report to the Association of Workers' Compensation Boards of Canada (AWCBC). Coordinate information requests. Ad‑hoc Projects Perform funding and costing exercises to convey impacts of potential legislative amendments under the supervision of Actuarial Management for both the Ministry of Labour and Ministry of Finance. Maintain and update WSIB actuarial systems to reflect legislative, policy or operational changes. Liaise with IS staff in developing system and data requirements for changes and/or enhancements for information retrieval and report generation. Liaise with staff in other WSIB areas such as Financial Reporting, Revenue, Communications, Policy and BTS to obtain accurate and adequate information and facilitate effective interactions on matters requiring actuarial knowledge and expertise. Liaise with various external agencies including other WSIBs, government agencies (e.g., Statistics Canada and Canada Revenue Agency), insurance groups and organizations. Provide support to senior staff to respond to external stakeholders such as employers and industry associations. Respond to requests for reports, information or explanations on actuarial matters and obtain data required to conduct actuarial analyses. Education Requirements Post‑secondary degree in mathematics, science, or business. Basic knowledge of actuarial principles. Preferred Educational Background Post‑secondary degree in actuarial science. Experience Minimum Experience Required 2 years of experience in an insurance or financial services setting. Microsoft Office proficiency required. 2+ SOA/CAS exams or equivalent experience. Preferred Experience 3+ years of experience performing actuarial work in an insurance or financial services setting. VBA, SAS, SQL, GGY AXIS experience. Our commitment to equity, diversity and inclusion We respect and value the diversity of our people. We strive to create an environment where employees can be themselves and where our differences are celebrated. We value and celebrate diversity and are committed to creating inclusive experiences for both our employees and prospective employees. We invite all interested individuals to apply. If you require accommodations in order to apply to this position please contact If you are invited to participate in the interview or assessment process, you can advise our Recruiter of your accommodation needs at that time. Please visit our EDI Vision to learn more about what actions WSIB are taking to advance our commitment to equity, diversity and inclusion and to support all employees participating and contributing to their full potential. Conflict of Interest As public servants, employees at the WSIB have a responsibility to act in an ethical way at all times to create a respectful workplace and maintain public trust. Job applicants are required to disclose any circumstance that could result in a real, potential or perceived conflict of interest. ... If you have any questions about conflict of interest obligations and/or how to make a disclosure, please contact the Talent Acquisition Centre at Privacy Information We collect personal information from your resume, application, cover letter and references under the authority of the Workplace Safety and Insurance Act, 1997. The Talent Acquisition Centre and WSIB hiring parties will use this information to assess/validate your qualifications, determine if you meet the requirements of vacant positions and/or gather information relevant for recruitment purposes. ... If you have questions or concerns regarding the collection and use of your personal information, please contact the WSIB’s Privacy Office at As a precondition of employment, the WSIB requires that prospective candidates undergo a criminal records name check any time before or after they are hired. How to Apply To apply for this position, please submit your application by the closing date. Work Arrangement Requirement This role requires the successful applicant to commit to an in‑office work arrangement up to 5 days a week beginning in 2026. Seniority level Associate Employment type Full‑time Job function Finance and Sales Industries Public Safety, Government Administration, and Insurance #J-18808-Ljbffr