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Intern - Actuarial Services & Tax (May 2025 - 8 months)

The deadline to apply for this role is:

The Opportunity

May 2025 – December 2025

The primary purpose of this role is to support the Actuarial Services & Tax (AST) team in completing regular and special projects. This includes required reporting to regulators, determining individual outcomes for plan members, and review of data for use by external actuaries.   It is an opportunity to build experience by utilizing critical thinking and math knowledge to directly impact the future financial welfare of plan members.

Who you’ll work with

You will be part of the Actuarial Services & Tax team working closely the Specialists and Analysts. AST forms part of the Member Services Complex Care Centre which is broadly responsible for administration and communication of benefits to plan members and pensioners.

 

What you’ll do

  • Prepare individual member calculations for complicated and complex cases

  • Automation of existing and new reports and algorithms as needed to improve efficiencies

  • Assist in data analysis to ensure appropriateness for valuation

  • Conduct research, perform actuarial analysis, and report findings on special cases, risk mitigation projects, plan demographic experience, and corporate/divisional projects

  • Preparation and/or review of actuarial and tax-related instructional materials and updates, in laymen’s terms, for distribution to internal clients

  • Provide support to other departments with actuarial and tax-related changes to systems, processes and procedures, and reciprocal transfer calculations and rules

  • Develop and maintain actuarial applications/algorithms used to calculate member entitlements

What you’ll need

  • Completing a degree in Actuarial Science, Math, or Statistics

  • Pursuing to actuarial exams

  • Strong analytical, data manipulation and problem-solving skills and an ability to distill insights and assess opportunities

  • Strong knowledge of Visual Basic and Microsoft Office

  • Ability to learn programming languages, and other software quickly

  • Effective communication and interpersonal skills

  • Pension or insurance background would be an asset

#LI-RM1

#LI-Hybrid

What we’re offering

  • Numerous opportunities for professional growth and development, including lunch and learns

  • Student led team building events on a monthly basis

  • Employee discount programs including Edvantage and Perkopolis

At Ontario Teachers', diversity is one of our core strengths. We take pride in ensuring that the people we hire and the culture we create, reflect and embrace diversity of thought, background and experience. Through our Diversity, Equity and Inclusion strategy and our Employee Resource Groups (ERGs), we celebrate diversity and foster inclusion through events for colleagues to connect for professional development, networking & mentoring.  We are building an inclusive and equitable workplace where our talent is respected, accepted and empowered to be themselves.  To learn more about our commitment to Diversity, Equity and Inclusion, check out Life at Teachers'.

How to apply

Are you ready to pursue new challenges and take your career to the next level? Apply today! The following documents are required to be uploaded with your application:

  • Resume

  • Copy of your transcripts

You will also be invited to complete a pre-recorded digital interview as part of your application.

We thank you for applying, however, only those selected for a personal interview will be contacted. Note that candidates must be legally entitled to work in the country where this role is located.

Accommodations are available upon request (peopleandculture@otpp.com) for candidates with a disability taking part in the recruitment process and once hired.

The privacy of your personal information is important to us. Please visit our Privacy Centre to learn how we handle your personal information.

Functional Areas:

Administration


 

Requisition ID:

6318
What You Should Know About Intern - Actuarial Services & Tax (May 2025 - 8 months), OTPPB

The Intern - Actuarial Services & Tax position at Ontario Teachers' in Toronto is an exciting opportunity for those looking to kickstart their career in the actuarial field. Starting in May 2025 and spanning eight months, this role is designed to support the Actuarial Services & Tax (AST) team as they tackle regular and special projects essential for the smooth operation of the financial welfare of plan members. As an intern, you will collaborate closely with experienced specialists and analysts, gain firsthand experience in preparing complex individual member calculations, and assist in automating reports and algorithms to enhance efficiency. How cool is that? You’ll also dive into data analysis, perform actuarial investigations, and share your findings with the team to help shape important decisions. This internship is not just about crunching numbers; it’s about utilizing your critical thinking abilities and math skills to make a real impact! With a strong commitment to professional growth, Ontario Teachers' offers numerous opportunities to learn and connect with peers through various student-led events and professional development sessions. So, if you're pursuing a degree in Actuarial Science, Math, or Statistics, and have a passion for problem-solving and effective communication, this role could be the perfect fit for you. Plus, if you have a background in pension or insurance fields, that would be a nice bonus on your application. Get ready to learn, contribute, and maybe even find your future career path at Ontario Teachers'!

Frequently Asked Questions (FAQs) for Intern - Actuarial Services & Tax (May 2025 - 8 months) Role at OTPPB
What are the main responsibilities of the Intern - Actuarial Services & Tax position at Ontario Teachers'?

The Intern - Actuarial Services & Tax role at Ontario Teachers' involves preparing individual member calculations for complex cases, automating reports to improve efficiency, assisting in data analyses for valuation, conducting actuarial research, and providing support to various departments with actuarial and tax-related changes. This hands-on role offers a unique opportunity to actively engage in projects that impact the financial outcomes for plan members.

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What qualifications do I need to apply for the Intern - Actuarial Services & Tax at Ontario Teachers'?

To qualify for the Intern - Actuarial Services & Tax position at Ontario Teachers', you should be pursuing a degree in Actuarial Science, Math, or Statistics. Additionally, it is advantageous to be on the path to actuarial exams. Strong analytical skills, knowledge of Visual Basic and Microsoft Office, along with effective communication abilities, are essential for success in this role.

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Can I learn programming languages during the Intern - Actuarial Services & Tax position at Ontario Teachers'?

Absolutely! The Intern - Actuarial Services & Tax role at Ontario Teachers' is designed for you to learn and grow your skill set. You will have the opportunity to learn programming languages and other software quickly, which is a crucial part of the actuarial work you will be engaged in. This internship is a fantastic way to gain practical skills in a supportive environment!

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What types of growth opportunities does the Intern - Actuarial Services & Tax position offer?

The Intern - Actuarial Services & Tax position at Ontario Teachers' offers numerous opportunities for professional growth, including participation in lunch-and-learn sessions and student-led team building events on a monthly basis. These initiatives foster networking and professional development, helping you to connect with other interns and professionals in the field.

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How can I prepare for the application process for the Intern - Actuarial Services & Tax position at Ontario Teachers'?

To prepare for the application process for the Intern - Actuarial Services & Tax position at Ontario Teachers', ensure that you have your resume and transcripts ready for submission. Additionally, consider brushing up on your analytical and communication skills, as these will be key during your pre-recorded digital interview. Being well-prepared is a great way to stand out in the process!

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Common Interview Questions for Intern - Actuarial Services & Tax (May 2025 - 8 months)
Why did you choose to pursue a career in actuarial science?

When answering this question, focus on your passion for math and data analysis. Discuss how actuarial science appeals to your problem-solving skills and the opportunity it provides to have a meaningful impact on people's financial futures. Tailor your response to highlight why Ontario Teachers’ specifically resonates with your career aspirations.

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Can you explain a complex mathematical concept in simple terms?

This question assesses your communication skills. Choose a concept you are comfortable with, and break it down into easy-to-understand language. Demonstrating your ability to communicate complex ideas clearly shows your potential as a valuable team member in the Intern - Actuarial Services & Tax role.

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How do you approach data analysis and problem-solving?

Describe your systematic approach to data analysis, emphasizing your use of critical thinking skills. An example might be helpful: explain a specific situation where you identified a problem, gathered data, analyzed the situation, and arrived at a solution. Be sure to tie your answer back to skills relevant to the internship.

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What experience do you have with software or programming languages?

Discuss any relevant experience you have with software tools or any programming languages you've used. If you're learning new programming languages or software, express your eagerness to become proficient and how these skills will contribute to your success as an Intern - Actuarial Services & Tax professional.

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Tell me about a time when you worked as part of a team.

Use the STAR method to structure your answer. Talk about the specific context of your team experience, what role you played, the action you took, and what the outcome was. Highlight your ability to collaborate effectively, which is crucial in the internship.

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What do you know about Ontario Teachers' and its values?

Before the interview, research Ontario Teachers', emphasizing its commitment to diversity, professional growth, and community service. You might mention how these values align with your goals and what excites you about being part of their team as an Intern - Actuarial Services & Tax.

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How do you manage tight deadlines and multiple projects?

Discuss your time management techniques for prioritizing tasks and staying organized. You could provide an example from your academic or work experience where you successfully met a deadline while juggling multiple responsibilities.

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What interests you most about the Intern - Actuarial Services & Tax position?

Share specific aspects of the position that excite you. Whether it's working on real-world actuarial projects, the opportunity to learn from experienced professionals, or contributing to the financial security of plan members, tie your interest back to your career goals.

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How do you handle feedback or criticism on your work?

Express your openness to feedback and a willingness to learn from it. Share an example where receiving constructive criticism led to an improvement in your work, showcasing your adaptability and growth mindset.

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What do you hope to gain from this internship experience?

Articulate your goals for the internship, such as gaining practical experience, developing analytical skills, learning actuarial processes, and networking with industry professionals. This shows your motivation and willingness to engage fully in the opportunity.

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EMPLOYMENT TYPE
Internship, hybrid
DATE POSTED
April 7, 2025

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