Actuarial Associate

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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 validate and reconcile actuarial model inputs/outputs to support IFRS reporting controls and stakeholder requirements.
• 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 reporting results and model changes.
• 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 35 preliminary SOA exams (or equivalents).
• Hands-on experience with AXIS and Risk Integrity experience 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.

The above represents BMO Financial Groups pay range and type.

Salaries will vary based on factors such as location skills experience education and qualifications for the role and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles the salary listed above represents BMO Financial Groups expected target for the first year in this position.

BMO Financial Groups 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. To view more details of our benefits please visit: 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. Well 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 well help you gain valuable experience and broaden your skillset.

To find out more visit us at is committed to an inclusive equitable and accessible workplace. By learning from each others 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.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO directly or indirectly will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid written and fully executed agency agreement contract for service to submit resumes.