Actuarial Associate - Valuation

Application Deadline:

04/28/2025

Address:

250 Yonge Street

Job Family Group:

Customer Solutions

This role primarily supports the valuation team in performing a range of actuarial tasks. The successful candidate will assist with regulatory and financial reporting, perform actuarial calculations and analysis, and support the development and enhancement of documentation and audit responses. The role involves working with actuarial models, analyzing data, and contributing to process improvement initiatives across the team.

Key Responsibilities:

• Perform calculations and analysis required for regulatory and financial reporting.
• Extract and compile actuarial data to ensure compliance with investment and risk portfolio guidelines.
• Assist in developing, maintaining, and enhancing actuarial documentation to ensure process clarity and consistency.
• Support the team in preparing and responding to audit requests.
• Conduct independent analysis to identify and resolve issues, providing insights and recommendations.
• Review model outputs and actuarial assumptions for accuracy and consistency.
• Present findings and recommendations to the team, including analysis of new product initiatives and financial business plans.
• Contribute to the design, implementation, and improvement of core business processes and tools.
• Build effective relationships and ensure alignment with internal and external stakeholders.
• Provide guidance and support to business partners based on an understanding of strategic goals and actuarial insights.

Qualifications:

• 1-3 years of relevant experience with a post-secondary degree in a related field, or equivalent combination of education and experience.
• Completion of 3–5 preliminary SOA exams (or equivalents).
• Hands-on experience with AXIS is preferred.
• Good understanding of IFRS 17 is an asset.
• 1+ years of experience in actuarial financial reporting or corporate actuarial functions.
• Working knowledge of valuation, projections, pricing analysis methodology, and financial reporting processes.
• Familiarity with Traditional, Term, and Universal Life products.
• Strong analytical, problem-solving, and data-driven decision-making skills.
• Excellent verbal and written communication skills.
• Proven collaboration and team skills, with the ability to influence and align stakeholders.
• Ability to work independently on complex tasks and manage competing priorities.

Salary:

$60,000.00 - $111,700.00

Pay Type:

Salaried

The above represents BMO Financial Group’s pay range and type.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans.

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.