Actuarial Benefits Analyst (Co-op Student)
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Job Location:
Monthly Salary:
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
The Actuarial Benefits Analyst (co-op) will provide group benefits consulting support including design and financial management for existing medium and large clients and addition the Actuarial Benefits Analyst (co-op) will perform actuarial valuations accounting disclosures of post-retirement and post-employment benefits reserve calculations simulation modelling flex plan pricing and modelling and other actuarial and analytic projects. The Actuarial Benefits Analyst (co-op) will work closely with internal consulting teams interface with vendors support client deliverables and ensure quality standards are met.
The Actuarial Benefits Analyst (Co-op Student) will:
Contribute to the overall design and management of group medical dental life disability and special risk benefits for clients.
Prepare actuarial valuations of post-retirement and post-employment benefits plan in accordance with accounting standards appliable to the plan;
Review all benefits documentation (contracts booklets collective agreement amendments) for accuracy;
Annual renewal analysis and negotiations with carriers; prepare client reports and presentations;
Experience reporting budget projections and reviewing plan financial performance;
Review financial statements for accuracy and adherence to underwriting agreements;
Conduct plan design benchmarking studies;
Assist and build plan design tools and financial database;
Conduct marketings including preparing and submitting specifications analysis cost comparisons and recommendations on marketing responses and preparing marketing report;
Gather data and determine cost impact for plan design changes;
Monitor carrier/provider services standards;
Support the consulting team in preparing documents for client presentations and meetings
To be successful as an Actuarial Benefits Analyst (Co-op Student) with People Corporation you will need:
University student in Mathematics Statistics Actuarial Science or related discipline
Advanced competency with Microsoft Excel
Proficiency with Word PowerPoint and Outlook
Strong analytical skills
Excellent organizational skills with strong attention to detail and high level of accuracy
Ability to manage and prioritize competing demands in order to meet client and company needs
Ability to work independently and in a team environment
Strong written and verbal communication skills
Sensitivity to confidential information
Actively writing Society of Actuaries (SOA) or Canadian Institute of Actuaries (CIA) exams
Knowledge of actuarial valuation software (e.g. ProVal) is an asset
Whats in it for you:
Learn by working alongside our experts
At People Corporation we are committed to helping businesses succeed. We are a national provider of benefits retirement wealth wellness and human resource solutions. Our experts and solutions serve over 20000 clients representing nearly 3 million Canadians. We offer customized solutions designed to fit the unique needs of businesses and their employees members and stakeholders.
Providing an inclusive accessible environment where all employees and clients feel valued respected and supported is something were committed to. We are dedicated to building a workforce that reflects the diversity of the communities in which we live and to creating an environment where every employeehas the opportunity toreach their potential. If you require an accommodation or an alternative format of any posting please reach out to.
Required Experience:
IC
Key Skills
- SQL
- Python
- Compliance
- Access
- Actuarial Models
- Acturial support
- Data Collection
- Powerpiont
- SAP
- Tableau
- Excel
- Mathematics
- VBA
- Data Analysis
- Statistical Analysis
