Analyst, Actuary
University Pension Plan Ontario (UPP) is a pioneering pension plan serving over 46,000 members across Ontario's university sector. The Analyst, Actuary will provide actuarial and analytical support for pension administration and core actuarial activities, collaborating with senior team members and internal stakeholders to enhance actuarial processes and support UPP's sustainability objectives.
Responsibilities
- Perform complex pension administration calculations including retirements, terminations, pre-retirement death cases, family law calculations, and other pension-related calculations
- Support the development, maintenance, testing, and validation of actuarial pension administration tools and processes
- Analyze and interpret pension plan provisions, pension legislation, and administrative practices in support of pension calculations and member scenarios
- Participate in quality assurance and validation activities related to pension calculations and system functionality
- Assist with identifying opportunities to improve actuarial administration processes, controls, and operational efficiency
- Support documentation and governance practices related to pension administration actuarial activities
- Perform actuarial analysis related to funding, valuation assumptions, demographic experience, and risk management activities
- Perform actuarial modelling, liability analysis, funded status monitoring, and funding projections with guidance from senior team members
- Prepare actuarial analysis, reports, presentations, and supporting materials for internal stakeholders and governance committees
- Support actuarial analysis related to onboarding and growth initiatives, including pension provision comparisons and member impact analysis
- Research actuarial, legislative, demographic, economic, and industry developments relevant to UPP and assess potential implications
- Participate in actuarial projects and cross-functional initiatives supporting long-term sustainability and operational effectiveness
- Collaborate with internal stakeholders across Pension Services, Finance, Investments, Legal, and other teams to support actuarial analysis and reporting activities
- Support annual financial reporting, audit requests, actuarial disclosures, and regulatory reporting requirements
- Coordinate with external consultants, auditors, and professional advisors as required
- Contribute to documentation, knowledge-sharing initiatives, and continuous improvement activities within the actuarial function
- Support additional projects and initiatives as required
Skills
- Bachelor's Degree in Actuarial Science, Mathematics, or equivalent quantitative discipline
- Progress toward ASA/ACIA designation
- 0 to 5 years of relevant actuarial or pension experience
- Strong technical proficiency with MS Excel and Microsoft Office applications
- Strong analytical, quantitative, and problem-solving skills
- Strong attention to detail and commitment to accuracy
- Effective verbal and written communication skills, including the ability to explain technical concepts clearly
- Ability to manage multiple priorities and meet deadlines in a dynamic environment
- Collaborative team player with a strong willingness to learn and develop professionally
- Strong interpersonal skills and ability to build effective working relationships
- Demonstrated initiative, accountability, and professionalism
- Adaptable and responsive within a growing and evolving organization
- Pension actuarial internship or co-op experience is considered an asset
- Experience with actuarial modelling tools, pension administration systems, or valuation software is considered an asset
- Familiarity with ProVal or similar actuarial software is considered an asset
- Familiarity with Ontario pension legislation, the Income Tax Act, and CIA standards of practice is considered an asset
Benefits
- Variable incentive depending on organizational, divisional and personal performance
- Defined benefit pension plan
- Flexible hybrid work model
- Paid time off – vacations, personal days and wellness days
- Work remotely up to eight weeks/year
- Comprehensive group benefits including medical, dental, vision, etc.
- Extended paramedical and mental health service coverage
- Health care and lifestyle spending accounts
- Fertility treatments, paid parental leave, and gender affirmation coverage
- Education Assistance program
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