Actuarial Analyst, Pricing, Winter 2027 (Co-op/Internship) - 4 months

About the role

Actuarial Analyst intern supporting pricing and profitability analysis for BMO Life Assurance insurance products. The four-month Winter 2027 placement involves maintaining pricing assumptions, cash-flow testing, competitive analysis, product illustrations, Excel reporting, and stakeholder support. Candidates must be enrolled in actuarial science or mathematics, have passed one SOA exam, and pursue FSA/FCIA designation.

Responsibilities

• Maintain pricing assumptions and perform cash-flow testing for assigned insurance products using actuarial technology.
• Monitor lapse, mortality, and morbidity experience; report profitability for new products and enhancements.
• Analyze competitor products, industry trends, company data, and opportunities in high-net-worth insurance markets.
• Create and validate Excel spreadsheets showing product values, marketing concepts, profitability, analysis, and commentary.
• Support insurance quotations, prepare defined-parameter illustrations, and refer complex or oversized cases appropriately.
• Contribute to product design, strategic initiatives, management reporting, process improvements, and stakeholder coordination.

Requirements

• Currently enrolled in an actuarial science or mathematics degree program and returning to studies afterward.
• Successfully completed at least one SOA examination and actively pursuing an FSA or FCIA designation.
• Strong analytical and mathematical skills, work ethic, communication, collaboration, influence, and problem-solving abilities.
• Strong proficiency with Microsoft Excel and Microsoft Access database software.

Additional Assets

• Knowledge of life insurance products is an asset.
• Specialized knowledge gained through education or business experience is relevant.

Application Materials

• Submit a cover letter, resume, and unofficial academic transcript with the application.
• Only students currently enrolled in academic programs and returning to studies are considered for this opportunity.