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Actuarial Machine Learning Jobs in Toronto, ON (NOW HIRING)

Swiss Re

Senior R&D Actuary

Toronto, ON · On-site

CA$156K - CA$195K/yr

Experience with advanced analytical techniques (GLMs, machine learning, AI) * Proficiency in technical tools such as Excel, Visual Basic, R, Python, SAS, or AXIS * Knowledge of actuarial modeling ...

NACBA

Senior R&D Actuary

Toronto, ON · On-site

CA$156K - CA$195K/yr

Experience with advanced analytical techniques (GLMs, machine learning, AI) * Proficiency in technical tools such as Excel, Visual Basic, R, Python, SAS, or AXIS * Knowledge of actuarial modeling ...

Aon Corporation

AI Developer - Pathwise

Toronto, ON · On-site

CA$96K/yr

... machine learning, or Generative AI technologies. * Experience working with LLMs and GenAI ... Interest in learning about insurance, actuarial modelling, and financial risk management. Aon is ...

Td

Full Stack Data Science Engineer

Toronto, ON · On-site

CA$120K - CA$154K/yr

Solid knowledge of applied Machine Learning, Deep Learning, Large Language Models * Solid cloud ... Actuarial Science). * 5 years of relevant experience in advanced analytics, data science, or ...

Td

Sr. Full Stack Data Science Engineer

Toronto, ON · On-site

CA$154K - CA$199K/yr

Solid knowledge of applied Machine Learning, Deep Learning, Large Language Models * Solid cloud ... Actuarial Science). * 7 years of relevant experience in advanced analytics, data science, or ...

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All JobsActuarial Machine Learning JobsActuarial Machine Learning Jobs in Toronto, ON

Actuarial Machine Learning information

What is actuarial machine learning?

Actuarial machine learning is the application of machine learning techniques to traditional actuarial tasks, such as risk assessment, pricing, and forecasting in the insurance and financial industries. Actuaries use these advanced algorithms to analyze large datasets, identify patterns, and make more accurate predictions about future events. By leveraging machine learning, actuaries can enhance decision-making, improve efficiency, and uncover insights that may not be evident through traditional statistical methods.

What are the key skills and qualifications needed to thrive as an actuarial machine learning professional?

To thrive in Actuarial Machine Learning, you need a solid foundation in actuarial science, statistics, and advanced mathematics, typically supported by progress toward actuarial credentials and a relevant quantitative degree. Proficiency in programming languages like Python or R, experience with machine learning frameworks (such as TensorFlow or Scikit-learn), and familiarity with actuarial software are often required. Strong problem-solving skills, analytical thinking, and the ability to communicate complex findings clearly are standout soft skills in this field. These competencies enable professionals to design effective predictive models, translate data-driven insights into business value, and support risk management decisions in the insurance and finance sectors.

How do actuarial machine learning professionals typically collaborate with other departments within an organization?

Actuarial Machine Learning professionals frequently work closely with teams such as underwriting, claims, IT, and data engineering. They translate complex analytical findings into actionable insights for business leaders, participate in cross-functional meetings to align predictive models with business objectives, and often partner with software engineers to deploy machine learning models into production. Successful collaboration requires clear communication, adaptability, and a solid understanding of both actuarial principles and advanced analytics techniques. This team-based approach helps ensure that machine learning solutions are both technically sound and aligned with organizational goals.

What is the difference between Actuarial Machine Learning vs Actuarial Analyst?

AspectActuarial Machine LearningActuarial Analyst
Required credentialsActuarial exams, data science skillsActuarial exams, basic statistical knowledge
Work environmentData science teams, tech-focused projectsInsurance companies, risk assessment teams
Industry usageAdvanced modeling, predictive analyticsPricing, reserving, reporting

While both roles involve actuarial principles, Actuarial Machine Learning focuses on applying machine learning techniques to large datasets for predictive modeling, often requiring data science skills. Actuarial Analysts primarily perform traditional actuarial tasks like pricing and reserving using statistical methods. The roles differ in technical complexity and focus but share foundational actuarial credentials.

Infographic showing various Actuarial Machine Learning job openings in Toronto, ON as of September 2026, with employment types broken down into 20% Internship, and 80% Full Time. Highlights an 80% In-person, and 20% Remote job distribution.

Actuarial Manager, Life & Health, Actuarial Insurance Solutions

Toronto, ON • On-site

Deloitte
Finance and Insurance • 10K+ employees
Learn more about Deloitteexternal

Full-time

Medical, Life, PTO

Re-posted 19 days ago

Key responsibilities

  • Lead actuarial consulting projects for Canadian life and health insurers, including model development, pricing, valuation, risk management, and insurance audits.

  • Inspire and mentor a team of actuaries and analysts to ensure high-quality work and professional growth.

  • Collaborate with audit teams, provide actuarial expertise on insurance audit engagements, and communicate insights to senior stakeholders.

Deloitte rating

8.2

Company rating: 8.2 out of 10

Based on 93 frontline employees who took The Breakroom Quiz

Job description

Job Type: Permanent 
Work Model: Hybrid 
Reference code: 131327   
Primary Location: Toronto, ON  
All Available Locations: Toronto, ON

Our Purpose

At Deloitte, our Purpose is to make an impact that matters. We exist to inspire and help our people, organizations, communities, and countries to thrive by building a better future. Our work underpins a prosperous society where people can find meaning and opportunity. It builds consumer and business confidence, empowers organizations to find imaginative ways of deploying capital, enables fair, trusted, and functioning social and economic institutions, and allows our friends, families, and communities to enjoy the quality of life that comes with a sustainable future. And as the largest 100% Canadian-owned and operated professional services firm in our country, we are proud to work alongside our clients to make a positive impact for all Canadians.


By living our Purpose, we will make an impact that matters.

  • Have many careers in one Firm.
  • Enjoy flexible, proactive, and practical benefits that foster a culture of well-being and connectedness.
  • Learn from deep subject matter experts through mentoring and on the job coaching
--

If you are inquisitive, innovative, enjoy variety and new challenges, and you want to be part of world class Life actuarial team, we want to hear from you. Our practice is rapidly expanding and we are looking for talented professionals to join us. Joining Deloitte will give you the opportunities to develop and hone skills through industry leading engagements, expand your professional networks and play a key role in driving the growth of our practice.

What will your typical day look like?
  • Take the lead on exciting actuarial consulting projects for Canadian life and health insurers, from innovative model development and pricing to valuation, risk management, and insurance audits.
  • Inspire and mentor a talented team of actuaries and analysts, helping them grow and excel while ensuring top-quality work.
  • Collaborate with audit teams, bringing your actuarial expertise to insurance audit engagements—reviewing liabilities, validating models and assumptions, discuss with Senior leaders.
  • Be a trusted advisor to clients, guiding them through complex regulatory requirements, and supporting them in capital management, reinsurance, and actuarial governance and strategy.
  • Develop and refine actuarial models and methodologies that set industry standards and deliver real value to clients.
  • Communicate your insights and recommendations through engaging presentations and reports to senior client stakeholders.
  • Build strong client relationships, spot new opportunities, and play a key role in business development and proposal creation.
  • Team up with other Deloitte service lines—such as audit, assurance, and consulting—to deliver integrated, solutions-driven results for clients.
  • Stay ahead of the curve by monitoring Canadian insurance industry trends, regulatory changes, and emerging risks.
  • Contribute to Deloitte’s collaborative culture by sharing knowledge, supporting internal training, and championing quality assurance initiatives.
  • Stay current with technical and industry developments including Insurtech, Artificial Intelligence / Machine Learning,  Generative AI and Advanced Analytics.
  • Demonstrate a strong commitment to personal learning and development; act as a brand ambassador to help attract top-talent
About the team


Work in a fast growing, dynamic and rewarding environment alongside practitioners who are leaders in their fields. expertise. Continue to pursue your actuarial fellowship and professional development while engaging in meaningful and diverse assignments. Work with high profile clients across the North American Life Insurance sector and the broader insurance industry.
 
Our Canadian Actuarial team of 70+ professionals (across Life, Property & Casualty, and Pensions) . We are part of Deloitte’s worldwide actuarial network, which includes over 1000 actuarial professionals in 43 countries. We pride ourselves on the variety of work we offer to our people and our innovative and collaborative culture.

Enough about us, let’s talk about you
  • A Bachelor’s degree from a leading University in the fields Actuarial Science, or Statistics, Mathematics or Data Science with Actuarial exams in progress. Master’s degree holders are also welcomed.
  • Professional actuarial designation (e.g., FSA, FCIA, FIA, or equivalent).
  • Minimum 5 years of actuarial experience in Canadian life and/or health insurance, with at least 1-2 years in a consulting or managerial role.
  • Experience supporting insurance audit engagements is an asset.
  • Proficient / mastery of life & health actuarial modelling software such as Moody’s AXIS, Moody’s Risk Integrity, Aon Pathwise, and FIS Prophet
  • Technology skills such as Python, Databricks, Alteryx, Tableau, Visual Basic, R, would be an asset.
  • Excellent communication, leadership, and project management skills.
  • Proven ability to deliver complex actuarial projects and manage multiple client engagements.
  • In-depth understanding of Canadian life & health insurance products, regulatory frameworks (OSFI, AMF), IFRS reporting standards, US Statutory standards, and market practices.
  • Proficient in English. French verbal and written communication skills would be considered an asset
Total Rewards


The salary range for this position is $113,000 - $194,000, and individuals may be eligible to participate in our bonus program. Deloitte is fair and competitive when it comes to the salaries of our people. We regularly benchmark across a variety of positions, industries, sectors, targets, and levels. Our approach is grounded on recognizing people's unique strengths and contributions and rewarding the value that they deliver.
Our Total Rewards Package extends well beyond traditional compensation and benefit programs and is designed to recognize employee contributions, encourage personal wellness, and support firm growth.  Along with a competitive base salary and variable pay opportunities, we offer a wide array of initiatives that differentiate us as a people-first organization. On top of our regular paid vacation days, some examples include: $4,000 per year for mental health support benefits, a $1,300 flexible benefit spending account, firm-wide closures known as "Deloitte Days", dedicated days of for learning (known as Development and Innovation Days), flexible work arrangements and a hybrid work structure.

Our promise to our people: Deloitte is where potential comes to life.

Be yourself, and more.

We are a group of talented people who want to learn, gain experience, and develop skills. Wherever you are in your career, we want you to advance.
You shape how we make impact.

Diverse perspectives and life experiences make us better. Whoever you are and wherever you’re from, we want you to feel like you belong here. We provide flexible working options to support you and how you can contribute.
Be the leader you want to be

Some guide teams, some change culture, some build essential expertise. We offer opportunities and experiences that support your continuing growth as a leader.
Have as many careers as you want.

We are uniquely able to offer you new challenges and roles – and prepare you for them. We bring together people with unique experiences and talents, and we are the place to develop a lasting network of friends, peers, and mentors.
The next step is yours

At Deloitte, we are all about doing business inclusively – that starts with having diverse colleagues of all abilities. Deloitte encourages applications from all qualified candidates who represent the full diversity of communities across Canada. This includes, but is not limited to, people with disabilities, candidates from Indigenous communities, and candidates from the Black community in support of living our values, creating a culture of Diversity Equity and Inclusion and our commitment to our AccessAbility Action Plan, Reconciliation Action Plan and the BlackNorth Initiative.

We encourage you to connect with us at accessiblecareers@deloitte.ca if you require an accommodation for the recruitment process (including alternate formats of materials, accessible meeting rooms or other accommodations) or indigenouscareers@deloitte.ca  for any questions relating to careers for Indigenous peoples at Deloitte (First Nations, Inuit, Métis).

When you apply, we will review your application using Deloitte's Global Talent Standards to ensure a consistent  recruitment experience. Our recruitment advisors and hiring teams will utilize human screening combined with AI technology to help identify the skills and qualities that matter most to our business, while safeguarding your privacy and using AI responsibly.

Deloitte Canada has 20 offices with representation across most of the country. We acknowledge that Deloitte offices stand on traditional, treaty, and unceded territories in what is now known as Canada. We recognize that Indigenous Peoples have been the caretakers of this land since time immemorial, nurturing its resources and preserving its natural beauty. We acknowledge this land is still home to many First Nations, Inuit, and Métis Peoples, who continue to maintain their deep connection to the land and its sacred teachings. We humbly acknowledge that we are all Treaty people, and we commit to fostering a relationship of respect, collaboration, and stewardship with Indigenous communities in our shared goal of reconciliation and environmental sustainability.

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