Co-op Student – Individual Actuarial Inforce and Policy Tax (Actuarial)

Co-op Student – Individual Actuarial Inforce and Policy Tax (Actuarial)

Friday, January 24, 2025

At Equitable, we realize that your work life is not just about performing a job; it's about being part of a workplace that helps you grow and reach your full potential. Within our friendly and collaborative work environment, we recognize that the key to our growth and success is a dedicated, motivated and client-responsive staff. Join Equitable today.

Position Title: Co-op Student – Individual Actuarial Inforce and Policy Tax (Actuarial)
Reports To: Director, Individual Actuarial Inforce and Policy Tax
Department: Individual
Term: Temporary Full-Time, Four (4) or Eight (8) Month Contract
Work Term: May 5, 2025 – August 22, 2025 or December 19, 2025

Work Arrangements: This is a hybrid role. You will work in our office in Waterloo, ON a minimum of two (2) assigned, consecutive days every other week, plus a fifth (5th) assigned day per month. You are welcome to work from the office more than the minimum requirement and there may be some roles that are required to work in our office more than the minimum requirement.

The Opportunity: We are searching for an industrious and self-motivated individual to join our Individual Actuarial Production team as an Actuarial Analyst. This individual should have a strong process improvement mindset, continually seek out ways to improve efficiency and possess exceptional customer service skills.

In this role, you will join a team that supports our Individual Life Operations team with handling policyholder requests, oversees Individual Life policyholder taxation and maintains the integrity of policyholder tax administration and inforce illustration systems.

What you will be doing:

• Provide support related to internal and client generated requests for inforce individual life and health insurance policies
• Perform analysis to ensure that inforce individual life insurance policies retain their status as insurance policies
• Review policy transactions and accounting information
• Perform Adjusted Cost Basis (ACB) and Taxable Gain calculations using policy transactions

What you will bring:

• Candidates must be currently enrolled in a post-secondary program that includes a Co-operative (Co-op) work component
• Strong problem solving and critical thinking skills
• Strong time management skills with commitment to meeting deadlines
• Excellent communication skills (verbal and written)
• Strong knowledge of Microsoft Excel including VBA
• Focus on providing excellent service to internal and external clients
• Previous exposure to Individual Life and Health products and taxation is an asset
• Previous experience using GGY Axis is an asset

What’s in it for you:

• A healthy work-life balance with employee wellness top of mind
• We value open, honest communication between team members, challenging each other to continually improve
• Employee resource groups that support an inclusive work environment
• An onsite full-service cafeteria with a variety of daily options
• Regular EQ Together events focused on company togetherness and collaboration
• Compensation package includes:
• In Lieu of Benefits – 4% added to each bi-weekly pay
• In Lieu of Vacation – 4% added to each bi-weekly pay
• Employer provided equipment
• Opportunity to participate in our buddy program dedicated to Co-op students

As part of the recruitment/offer process you will be required to:

• Upload a copy of your school transcript
• Society of Actuaries transcript with your application (if applicable)

This role is open due to an existing vacancy.

To learn more about Equitable, we encourage you to explore our organization.

At Equitable, we are committed to providing equal access to employment opportunities across our organization. Please contact our HR team at careers@equitable.ca if you would like to receive our job postings in an alternative format or require an accommodation with the application process.