Actuarial Analyst

Farm Mutual Re is a mutual reinsurer that offers tailored reinsurance solutions for varied insurance lines and helps mutual insurers keep their promises by providing financial stability and insurance capacity. Recognized as Waterloo Area’s Top Employers 2025 and Canada’s Greenest Employer 2024, we remain committed to making a meaningful impact on our members, customers, employees, and business partners. Our values of care, trust, courage, and sustainability foster a sense of belonging and guide our decisions and actions. The Opportunity As an Actuarial Analyst with Farm Mutual Re, you will support the Actuarial Team Lead in developing pricing strategies by ensuring rate adequacy and equity in the property and casualty reinsurance field and risk management strategies by quantifying and monitoring the risk measurements. This position offers a hybrid work schedule. As the successful candidate, you will:

• Develop and review rating models for major lines and other business segments.
• Perform internal data validation to ensure accuracy of the information used in Pricing/Planning.
• Periodically review performance against targets, performing root cause analysis and contributing to recommendations for remedial action to address the underlying issues.
• Develop reports to track technical rate deviations.
• Assist with the development and reviewing the rate monitoring process.
• Perform profitability studies for segments of interest.
• Research external benchmarks for dealing with low credibility lines.

Your Skills and Qualifications

• Bachelor’s degree with Actuarial Science and/or Mathematics and Statistics is required
• A minimum of 1 year of prior experience in actuarial ratemaking, pricing or a related P&C actuarial function
• Working towards ACAS designation
• Ability to validate, manipulate, and analyze large datasets for pricing and risk assessment
• Detail-oriented and analytical mindset
• Strong communication and documentation skills
• Strong data and statistical analysis skills
• Experience using spreadsheet software, database query software

What’s in it for you?

• Flexible hybrid work environment, which balances remote and in-office work
• A comprehensive wellness plan, including personalized health coaching, fitness classes, and access to an on-site gym
• Ongoing professional development opportunities, such as paid education, training, certifications, mentorship programs, and personalized career development plans
• Paid volunteer day to give back to your community
• In addition to our competitive salary, employees also receive exceptional employer-paid benefits, a defined benefit pension plan, and more to support their future

How to Apply Visit our website and complete our Employment Application found on our Careers page. Farm Mutual Re is committed to creating an equitable, diverse, and inclusive work environment for all. We provide accommodations that help achieve a barrier-free workplace. If you require an accommodation to participate in the recruitment process, please contact recruitment@farmmutualre.com.