Actuarial Associate

Actuarial Associate

Reporting to the Vice President and Appointed Actuary, the Actuarial Associate  plays a significant role in the company’s actuarial reserving and financial reporting activities. The role is responsible for performing and enhancing reserving analyses contributing to regulatory and financial reporting processes and supporting actuarial governance within a growing P&C environment. 

Working closely with cross-functional stakeholders, the successful candidate will help strengthen reserving processes, analytical capabilities, and actuarial tools while contributing to the ongoing development of the company’s actuarial function. This role is for a current vacancy.

What will you do?

Reserving & Financial Reporting

• Responsible for the production of monthly, quarterly, and annual reserve estimates for insurance liabilities, including analysis, validation, and documentation of reserving results.
• Perform reserving analyses using standard actuarial methods, including Chain Ladder, Bornhuetter‑Ferguson and loss ratio techniques, while assessing trends, assumptions, and emerging experience.
• Support preparation of actuarial analyses and inputs for financial statements, management reporting, and regulatory filings, and internal governance processes.
• Participate in reserve reviews and contribute to the analyses and communication of reserve movements, trends, and key drivers to stakeholders.
• Collaborate with the Appointed Actuary for Financial Condition Testing (FCT) activities, including model inputs and result interpretation of results

Data Analysis & Modeling

• Collect, clean, validate, analyse, and interpret claims, exposure and financial data used in reserving and actuarial analyses.
• Maintain, enhance and document reserving and FCT models, tools and analytical workflows using Excel, R, Python, SQL, or actuarial technologies as appropriate.
• Perform diagnostic reviews, trend analysis, sensitivity testing and data quality assessments to support reserve adequacy and actuarial insight generation.
• Contribute to the improvement, automation, and standardisation of actuarial processes, data controls and reserving workflows to support operational scalability and governance.
• Responsible for the development of efficient and reliable actuarial reporting and analytical capabilities within a growing insurance environment.

Business Support & Collaboration

• Work closely with claims, underwriting, finance, risk and other business stakeholders to understand operational and business drivers impacting reserve performance and actuarial analyses.
• Prepare clear and well-structured actuarial reports, visualisations, and presentations to communicate reserving results, trends, assumptions, and key insights to internal stakeholders.
• Contribute to actuarial investigations and ad hoc analyses, including portfolio reviews, assumption studies, reserve uncertainty assessments, and emerging experience analyses.
• Participate in cross-functional discussions related to reserve performance, financial results, and actuarial considerations within the broader business and regulatory context.
• Collaborate closely with actuarial teams at Head Office to review, understand, and critically assess reserving methodologies, assumptions, and analytical approaches, while contributing to the ongoing enhancement and adaptation of actuarial analyses within the Canadian business context.
• Participate in the development of transparent and well-documented actuarial processes, methodologies, and data flows between the Canadian entity and Head Office, including contributions to the establishment of automated data exchange and reporting interfaces.

About You:

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, Finance or a related quantitative field
• Near completion of, or recenly attained, an Associate-level actuarial designation (ACIA and/or ACAS)
• Minimum of five years of full-time actuarial experience within P&C insurance industry, including reserving and financial reporting exposure.
• Demonstrated experience performing actuarial reserving analyses with increasing levels of independence.
• Strong understanding of P&C reserving principles, actuarial methodologies, and loss development concepts.
• Experience with regulatory and financial reporting frameworks relevant to reserving, including OSFI requirements and IFRS 17 considerations where applicable.
• Experience supporting actuarial reporting, governance, or regulatory processes within a P&C insurance environment.
• Strong analytical and technical capabilities, including advanced proficiency in Excel and experience with tools such as R, Python, SQL or VBA.
• Experience with actuarial process improvement, automation, or data integration initiatives is considered an asset.
• Strong problem-solving, communication, time-management skills and stakeholder collaboration skills.
• Ability to manage competing priorities and deliver high-quality work within a dynamic and evolving business environment.

We Offer:

• Competitive Base Salary including annual bonus plan
• Educational assistance and support for actuarial exam completion and professional development.
• Generous Employer Paid Benefits Plan, including RSP matching & Fitness Credit
• Location is a combination of remote work from home and from our head office in the heart of Toronto’s Financial District

ARAG Legal Solutions Inc., part of the ARAG Group, is a global leader in legal expense insurance operating in 18 countries offering an innovative and comprehensive range of legal expense products and services for brokers, underwriting agents and insurers across Canada.For more information about ARAG Canada please visit: 

We are an Equal Opportunity Employer

ARAG Legal Solutions Inc., are proud to be an equal opportunity workplace and employer.  We are committed to equal employment opportunity regardless of citizenship, race, place of origin, ethnic origin, colour, ancestry, disability, age, creed, sex/pregnancy, family status, marital status, sexual orientation, gender identity, gender expression, receipt of public assistance (in housing) and record of offences (in employment).  

ARAG Legal Solutions Inc., is committed to providing employment in accordance with the Accessibility for Ontarians with Disabilities Act (AODA). Any assessments and selection materials or processes used during the recruitment process will be available in an accessible format to applicants with disabilities, upon request. If contacted for an interview, please advise the Human Resources Manager if you require a disability-related accommodation.