Intern Analyst, Actuary (January 2027 - August 2027)

THE ROLE

We are actively looking for an Intern Analyst, Actuary, to join our team in January 2027, for an 8-month internship. The Intern Analyst, Actuary is responsible for helping to perform various actuarial funding calculations, supporting UPP’s engagement, corporate finance, and pension services areas. The incumbent may also have ongoing interactions with external actuaries, legal advisors, auditors, and investment professionals. Three key areas of accountability for the Intern Analyst, Actuary include: (i) actuarial support for pension administrative services, (ii) various actuarial funding and investment calculations, and (iii) supporting other key UPP areas such as engagement and corporate finance.

This is a fantastic opportunity for an undergraduate student to gain valuable work experience in a fast-growing, dynamic environment while being a part of a new pension plan.

This role is based in downtown Toronto under a hybrid work policy, allowing employees the flexibility to work remotely and in-office (approximately two days per week in-office).

Application Details: We ask that you submit a one-page resume, transcript, and a cover letter as part of your application. 

This posting is for a existing vacancy.

SPECIFIC ACCOUNTABILITIES

The Intern Analyst, Actuary will be responsible for a variety of duties, including but not limited to the following:

Actuarial Support to Pension Services

• Perform various tasks to support the accuracy and effectiveness of administrative calculations for Pension Services
• Support the execution and validation of various annual deliverables required by the plan terms and pension legislation
• Develop tools to verify pension benefit calculations and pension projection calculations and testing the tools to ensure quality and accuracy of administrative calculations.
• Performing pension administration calculations that are of a special or complex nature (family law, pre-retirement death, or other complex/infrequent type calculations).

Engagement, Corporate Finance Support

• UPP’s actuarial team provides support to UPP’s university sector engagement, corporate finance areas
• Projects and tasks cover from these three areas include preparing presentations comparing different universities’ pension arrangements, comparing member profiles at various retirement ages, answering various UPP funding questions, reviewing draft of corporate financial statements, supporting external audit requests

Actuarial Valuation of Assets and Liabilities

• Calculating the market value and smoothed value of assets using established methods
• Calculating actuarial accrued liabilities, current service costs, and funded statuses under various actuarial cost methods
• Validating data used for valuation purposes    
• Reviewing economic, demographic, and other assumptions.
• Researching various models for assumption setting, performing experience studies, and attending webcasts and (when permitted) in-person actuarial and other pension industry meetings

Preparing UPP Committee and Board Presentations

• The intern analyst, actuary will support the Actuary team in preparing presentations covering topics such as assumptions, the plan’s funded status, membership summaries, discount rate, notional tracking, portfolio construction, and other investment topics or corporate finance topics as required from time to time.

Peer Plan Analysis

• Preparing and maintaining repositories of key information of peer pension plans

QUALIFICATIONS & EXPERIENCE

• Completion of second-year actuarial science program or similar mathematical sciences program or completion of an undergraduate degree in actuarial science, finance, or business
• Successful completion of at least one Society of Actuaries (SOA) actuarial exam
• Some actuarial industry, investment or pension plan experience is an asset
• Strong ability to prepare advanced presentations in PowerPoint
• Strong ability to set up and manipulate spreadsheets in Excel
• Some familiarity with pension industry actuarial valuation programs and annuity calculation tools
• Strong computer skills including solid grasp of MS Office applications and advanced Excel skills; VBA scripting skills and the ability to build out reports and presentations

ATTRIBUTES

• Demonstrated ability to manage the ambiguity and shifting work demands inherent in a start-up environment
• An ambitious self-starter and collaborative team player and who brings a positive can-do, roll-up-your-sleeves attitude in a highly entrepreneurial, fast-paced environment
• Resourceful and persistent in gathering and assessing information with the ability to quickly assimilate knowledge
• Strong communication skills, both verbal and written
• High degree of professionalism and integrity