If you join our purpose-driven organization, you’ll be engaged in impactful work with advancement opportunities; you’ll join an enterprise of caring and friendly colleagues who share similar values; and you’ll have opportunities to get involved in the unique ways we work together to make a difference in our communities – including neighborhood programs, charities, and scholarships. This is a Hybrid role, requiring a minimum of two (2) days/week working from the office.Job Description
As a new graduate in an actuarial role with Foresters Financial in the Toronto area, you will be enrolled in our Actuarial Development Program to gain exposure across a wide range of actuarial disciplines while making an impact for our members and communities in which we serve.
Actuarial Development Program members at Foresters Financial have the opportunity to rotate every 2-3 years through a variety of roles that provide exposure to key actuarial disciplines such as business planning, capital management, financial modeling, pricing, management reporting, risk, valuation and insurance product analysis for both Canada and the U.S. Members of the program are given support and opportunities to develop their technical expertise, and continue to enhance their leadership and communications skills to succeed as a leader in their field.
Foresters Financial takes professional and personal development seriously and provides an environment that supports actuarial students to achieve Actuarial Fellowship with the Society of Actuaries and Canadian Institute of Actuaries. Actuarial Students enrolled in the program can expect challenging roles with increasing levels of responsibility and compensation in conjunction with their work performance and successful progress through actuarial exams.
In addition to the highly competitive incentives of the Actuarial Development Program, Foresters Financial offers a Total Rewards Program including an attractive base salary, annual bonus incentives, and a comprehensive pension plan and flexible benefits options.
Key responsibilities/accountabilities
You will gain experience working with comprehensive financial modelling systems that utilize a variety of actuarial, spreadsheet, database, and reporting software.
Work closely with other teams such as Corporate Actuarial, Business Planning, Capital Management, Pricing, Risk, Investments, Finance and IT, allowing you to gain valuable work exposure across functions.
Apply your strong analytical and problem-solving skills to gain data insights and overcome obstacles
Key qualifications/competencies
Completion of a university degree in Actuarial Science, Math, Finance or a related discipline.
Currently writing Society of Actuaries exams with the intention of achieving the FSA & FCIA designations.
Strong working knowledge of Excel is required; experience with AXIS, Hyperion, PowerBI and Microstrategy is an asset
Excellent interpersonal and communication skills.
Excellent organizational skills and attention to detail.
Strong analytical and technical skills.
Self-motivated and able to work effectively as part of a team.
#LI-Hybrid
Salary Range:
$55,000.00 - $77,000.00
The actual base salary for this position will depend on several factors, including job-related skills, experience, and education. In addition to base pay, eligible employees may participate in a discretionary variable incentive plan, results are subject to both individual and company performance.
Please note that this posting is intended to fill an existing vacancy; however, there may be instances where more than one vacancy is available for the same role.
Equal Opportunity Employment and Inclusion – at Foresters Financial, we are committed to sustaining an equal opportunity environment for all job applicants. We embrace Inclusion, Diversity and Equity (IDE) as a core strategic objective for building strong, innovative teams in which all our employees can show up wholly and authentically as themselves.
Foresters Financial strives to provide an accessible candidate experience for prospective employees with different abilities. If you anticipate needing any type of accommodations during the recruitment process, please email [email protected] in advance of your appointment.
Thank you for choosing Foresters. Only those candidates who will be selected for further consideration will be contacted by our Talent Acquisition Team.
Skills Required
- Completion of a university degree in Actuarial Science, Math, Finance or related discipline
- Currently writing Society of Actuaries exams with intent to achieve FSA & FCIA designations
- Strong working knowledge of Excel
- Experience with AXIS, Hyperion, PowerBI and MicroStrategy
- Excellent interpersonal and communication skills
- Excellent organizational skills and attention to detail
- Strong analytical and technical skills
- Self-motivated and able to work effectively as part of a team
What We Do
Foresters Financial is redefining the life insurance and individual savings industry across the U.S., Canada and UK by enriching the lives, communities, and overall well-being of its members. Agents and members alike appreciate the turnkey-decisioned product offerings and end-to-end digitized processes that make it easy to get life insurance without traditional medical exams. State-of-the-art mobile tools help agents deliver tailored plans to prospective and current members. Dedicated to its members’ well-being, Foresters offers a suite of member benefits and is redefining the conventional life insurance model, bringing improved financial security and overall wellness to everyday North American families. Foresters recently merged with Canada Protection Plan to become a leading life insurance distributor in Canada. Foresters Financial is the trade name for The Independent Order of Foresters, the oldest non-denominational fraternal benefit society. For 23 straight years, The Independent Order of Foresters has received an “A” (Excellent) rating from A.M. Best.
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