About the role#
The Intern Analyst, Actuary role is an 8-month position starting in January 2027. You will support the Actuary team with funding calculations, pension administrative services, and corporate finance projects. This role involves interaction with external actuaries, auditors, and investment professionals. You will gain experience in a pension plan environment while contributing to core actuarial functions.
What you'll do#
- Perform tasks to support the accuracy of administrative calculations for Pension Services.
- Support the execution and validation of annual deliverables required by plan terms and legislation.
- Develop and test tools to verify pension benefit and projection calculations.
- Conduct pension administration calculations of a complex nature.
- Assist the university sector engagement and corporate finance areas.
- Prepare presentations comparing pension arrangements and member profiles across universities.
- Answer funding questions and review corporate financial statement drafts.
- Support external audit requests.
- Calculate the market and smoothed value of assets, actuarial accrued liabilities, current service costs, and funded statuses.
- Validate valuation data, review assumptions, and research models for experience studies.
- Attend webcasts and pension industry meetings.
- Help prepare presentations for Committee and Board meetings.
- Maintain repositories of key information regarding peer pension plans.
What you'll need#
- Completion of at least a second-year actuarial science or similar mathematical sciences program, or an undergraduate degree in actuarial science, finance, or business.
- Successful completion of at least one Society of Actuaries (SOA) exam.
- Strong ability to create advanced PowerPoint presentations and manipulate Excel spreadsheets.
- Proficiency with MS Office applications, including VBA scripting for reports and presentations.
- Familiarity with pension industry actuarial valuation programs and annuity calculation tools.
- Ability to manage shifting work demands and ambiguity.
- Strong verbal and written communication skills.
- Professionalism and integrity.
- Experience in the actuarial industry, investment, or pension plans is an asset.
Location & details#
- Location: Toronto, Ontario.
- Term: Winter 2027 and Summer 2027.
- Work Modality: Hybrid (approximately two days per week in-office).
- Status: Full-time.
About University Pension Plan Ontario
University Pension Plan Ontario is a jointly sponsored pension plan for the university sector in Ontario. It focuses on pensions, responsible investing, and investment management. The organization operates out of Toronto with a staff of 280 people. It serves as a defined benefit plan to provide long-term funding sustainability for its members.
How to get in at University Pension Plan Ontario
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