Actuarial Analyst Co-op - Definity, Waterloo

About this Opportunity

Definity offers a genuinely rewarding co-op placement for a Corporate Actuarial Analyst on their Special Projects team. This Fall 2026 opportunity allows students to gain real-life experience and contribute to strategic goals within a supportive team environment. Your creativity and energy will be put to good use, making an impact on the future of insurance.

Reporting to an Actuarial Manager, you will play a key role in contributing to projects in reserving, financial planning, and economic capital modelling using state-of-the-art models and innovative approaches. This role provides deep knowledge of actuarial operations and the insurance business, including predictive modelling, underwriting, claims handling, product development, reserving, estimation of policy liabilities, planning, and forecasting.

Key Duties

• Develop and apply your experience with spreadsheets, databases, and statistical software to prepare and analyze data for profitability analysis and other diverse applications.
• Learn to interpret and use results of new and innovative modelling techniques and analytics to drive business decisions.
• Learn to produce various data exhibits and analyses to measure, track, and monitor company and industry performance.
• Learn to communicate actuarial concepts both verbally and in writing.
• Respond to requests from internal and external stakeholders with support from more senior staff.

What You'll Bring

To succeed in this Corporate Actuarial Analyst co-op role, candidates should possess a strong academic foundation and a keen desire to develop their skills within the insurance industry. Definity values the ability to learn new concepts and technologies quickly.

• Currently enrolled in a university degree program in Actuarial Science, Mathematics, Statistics, or another relevant discipline and still actively enrolled until at least January 2027.
• Must possess strong programming skills, including knowledge of Python and/or SQL, and efficient use of Microsoft applications (Excel, VBA, etc.).
• Must have excellent problem-solving, communication, and organizational skills.
• Demonstrated ability to learn new concepts, tools, and technologies quickly.
• Strong attention to detail and ability to manage multiple priorities in a fast-paced environment.
• Previous experience with data analysis, data visualization, or automation projects is considered an asset.

What's on Offer

Definity is committed to fostering a supportive and enriching environment for its co-op students, recognizing them as a vital pipeline for future talent. This commitment extends to a culture of accountability, empowerment, and collaboration, providing opportunities for personal and professional growth through real-life experience and unique learning opportunities.

• Meaningful work forwarding our purpose of building a better world by helping our clients and communities adapt and thrive in their hardest times of need.
• Culture of accountability, empowerment, and collaboration.
• Opportunities to support personal and professional growth through real-life experience and unique learning opportunities.
• Opportunity to join employee groups focused on women's empowerment, LGBTQ+, anti-racism and cultural equity, and environmental activism.
• Hourly compensation starting at $22.50 per hour, with potential for increases based on skills, education, experience, and recommended rates.

Definity also offers a flexible, hybrid work experience, blending office and virtual work. They are dedicated to creating positive change for the environment, their people, and communities, including distributing $85,000 in scholarships annually and donating over $1 million every year to causes that drive true change in the neighbourhoods in which we live and work.