Application Deadline:
Address:
250 Yonge StreetJob Family Group:
While working towards your actuarial credential (e.g. completing your Fellowship of the Canadian Institute of Actuaries) you will rotate to a different department every 24 months within BMO Insurance. This program will give Actuarial graduates an opportunity to broaden their actuarial and business experience, working within various areas of the organization.
We offer a friendly and supportive work environment that rewards initiative and commitment. Working alongside other new and recent graduates, as well as actuaries, there's a tremendous support system in place to help guide you through exams and work challenges.
This role starts June 2027. We are actively seeking students enrolled in a related undergraduate degree program, graduating Spring 2027
Rotations could include:
Advisory (Life) Pricing
Corporate Actuarial
Institutional Pricing
Investments & ALM
Risk Management
As an Actuarial Analyst joining BMO Insurance you will be placed in high-performing and dynamic teams where you will gain exposure to various products, initiatives, and leaders. Your roles and responsibilities may include:
Breaking down strategic problems and analyzing data to provide insights and recommendations.
Supporting the execution of strategic initiatives in collaboration with internal and external stakeholders, building effective relationships and ensuring alignment.
Providing input for continuous improvement of processes and procedures to support more effective operations and financial reporting, thinking creatively and proposing novel solutions.
Providing input into product design using actuarial experience and competitive & industry knowledge
Exercising judgement to identify, diagnose, and solve problems within given parameters.
Broader work or accountabilities may be assigned as needed.
Qualifications:
Currently enrolled in an actuarial science or mathematics degree program, graduating Spring 2026.
Successful completion of at least 1 SOA exam or equivalent and actively pursuing an FSA/FCIA designation.
Combination of excellent analytical and mathematical skills with strong work ethic.
Strong proficiency in MS Excel.
Knowledge of the life insurance industry and products is an asset.
Excellent verbal and written communication skills.
Demonstrated ability to collaborate and work as part of a team.
Exhibits outstanding analytical and problem-solving skills.
Demonstrated capacity to influence peers and leaders.
To apply, please submit your cover letter (optional), resume and an unofficial copy of your academic transcript.
Successful candidates will be required to work in office (minimum 3 days with expectation to increase to 4 days a week)
Salary:
Pay Type:
The above represents BMO Financial Group’s pay range and type.
Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.
BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards
About Us
At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.
As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.
To find out more visit us at https://jobs.bmo.com/ca/en.
BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.
Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.
Skills Required
- Currently enrolled in an actuarial science or mathematics degree program
- Graduating Spring 2026 or Spring 2027, as stated inconsistently in the posting
- Successful completion of at least one SOA exam or equivalent
- Actively pursuing an FSA or FCIA designation
- Strong analytical and mathematical skills
- Strong work ethic
- Strong proficiency in Microsoft Excel
- Knowledge of the life insurance industry and products
- Excellent verbal and written communication skills
- Ability to collaborate and work as part of a team
- Outstanding analytical and problem-solving skills
- Capacity to influence peers and leaders
- Ability to work in the office at least three days per week, with an expectation to increase to four days
BMO Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about BMO and has not been reviewed or approved by BMO.
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Parental & Family Support — Paid parental leave up to 16 weeks at full pay for all new parents, plus up to $20,000 for adoption, surrogacy, and fertility, and 10 days of paid backup childcare indicate robust family support. These elements stand out within BMO’s U.S. package.
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Retirement Support — A 401(k) design combining a core employer contribution with dollar-for-dollar matching up to a set portion of pay, plus immediate vesting on match and employee contributions, signals strong retirement funding. The core contribution’s three-year vesting is clearly defined.
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Leave & Time Off Breadth — Vacation accrual scales with grade and service, alongside 9–10 paid holidays and additional paid time off buckets (bereavement, school activities, civic duties, blood donation, volunteering). This breadth offers multiple avenues for time away beyond standard vacation.
BMO Insights
What We Do
At BMO, banking is our personal commitment to helping people at every stage of their financial lives. The truth is, people’s needs change: so we change too. But we never change who we are. Which means we’ll never waiver from providing our customers the best possible banking experience in the industry. Our incredible team of over 46,000 people is just the tip of the iceberg. You should get to know us. We’re here to help.
