Insurance Modeling Jobs in Toronto, ON (NOW HIRING)

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If you are inquisitive, innovative, and motivated by complex problem-solving in a rapidly evolving insurance landscape, we want to hear from you. Our Canadian Property & Casualty Actuarial practice is growing quickly, and we are seeking experienced professionals to help lead high-impact engagements across reserving, capital, pricing, risk, regulation, and insurance audit.

This role is intended for actuarial professionals who combine deep Property & Casualty expertise with a hands-on, technology-enabled approach to actuarial delivery and transformation.

Joining Deloitte offers the opportunity to work on industry-defining mandates, collaborate with leading insurers and regulators, and play a meaningful role in shaping the future of actuarial practice through advanced analytics, automation, and AI-enabled solutions.

What will your typical day look like?

As a Manager, you will lead and deliver complex actuarial engagements for Canadian P&C insurers, reinsurers, captives, and public-sector entities. Your responsibilities will include:

Client Delivery & Technical Leadership

• Lead actuarial consulting projects across P&C reserving, pricing, capital modelling, reinsurance, risk management, and regulatory reporting, including IFRS 17, OSFI MCT, FCT/ORSA, and statutory valuation.
• Serve as a technical leader on insurance audit and assurance engagements, including independent review of reserves, models, methodologies, assumptions, and governance frameworks.
• Provide expert advice on model risk management, actuarial governance, and control environments, including documentation, validation, and use-test alignment.
• Support clients through complex regulatory interactions with OSFI, AMF, and provincial regulators, including remediation, supervisory findings, and model approvals.
• Develop and review actuarial methodologies that reflect Canadian P&C market practices, emerging risks, and evolving regulatory expectations.

Technology, Automation & Advanced Analytics

• Design and implement automated and agentic actuarial workflows for reserving and pricing, across data ingestion, diagnostics, reconciliation, and reporting using proprietary and open source actuarial software solutions.
• Apply process automation and low-code/no-code tools to improve efficiency, auditability, and repeatability of actuarial processes.
• Leverage AI / machine learning and generative AI based tools and approaches to enhance actuarial analysis, documentation, controls testing, and insight generation, in line with responsible AI principles.
• Collaborate with data engineers and technology specialists to deliver cloud-enabled actuarial solutions (Azure/AWS/Google Cloud), including scalable pricing, reserving and capital modelling platforms.

People Leadership & Firm Building

• Inspire, coach, and mentor actuarial professionals, supporting technical development, career progression, and engagement quality.
• Review work products to ensure technical excellence, defensibility, and professional standards.
• Build trusted relationships with senior client stakeholders
• Identify opportunities for expanded client support, contribute to proposals and RFPs, and support practice growth initiatives.
• Collaborate with other Deloitte service lines to deliver integrated, multi-disciplinary solutions.

Thought Leadership & Market Relevance

• Stay ahead of Canadian and global P&C insurance trends, including climate and catastrophe risk, social inflation, emerging coverages, reinsurance market dynamics, and regulatory change.
• Contribute to internal knowledge sharing, training programs, and development of Deloitte intellectual property.
• Act as a brand ambassador to help attract and develop top actuarial and analytics talent.

About the team

You will join Deloitte Canada’s Actuarial practice, a national team of 70+ actuarial professionals across Property & Casualty, Life, and Pensions, working closely with Deloitte’s global actuarial network of 1,000+ actuaries in over 40 countries.

Our Canadian P&C practice supports insurers across commercial, personal, specialty, reinsurance, and public-sector markets. We are known for combining deep actuarial expertise with technology, analytics, and regulatory insight, and for offering our people exposure to varied, meaningful, and challenging work.

Enough about us, let’s talk about you

You are someone who brings technical credibility, leadership capability, and a modern, technology-enabled mindset. You have:

Education & Credentials

• Bachelor’s degree in Actuarial Science, Statistics, Mathematics, Data Science, or a related quantitative discipline (Master’s degree is an asset).
• Professional actuarial designation (ACIA/FCIA, ACAS/FCAS, or equivalent).

Experience

• Minimum 5–7 years of actuarial experience in Canadian Property & Casualty insurance, with demonstrated depth in reserving, capital, pricing, or financial reporting.
• Ideally 1–3 years in a consulting, managerial, or senior actuarial role, leading clients and teams.
• Experience supporting insurance audit or independent actuarial review engagements is a strong asset.
• Hands-on experience with agentic coding, scripting, and process automation, including building repeatable actuarial pipelines and analytical tools.
• Exposure to model governance, validation, and regulatory scrutiny within a Canadian context

Technical & Technology Skills

• Strong knowledge of Canadian P&C reserving techniques and diagnostics (e.g., loss development, Bornhuetter-Ferguson, stochastic methods).
• Experience with capital and risk frameworks (MCT, FCT/ORSA, stress and scenario testing).
• Proficiency or working knowledge of P&C actuarial software and platforms (e.g., ResQ, Arius, Igloo, VBA-based tools, or proprietary reserving systems).
• Advanced skills in Python and/or R, SQL-based data environments, and analytics platforms (e.g., Databricks, Alteryx, cloud-native tools).
• Experience building agentic or semi autonomous workflows (e.g., orchestrated scripts, rule-based automation, or AI-assisted processes) that reduce manual effort and enhance control.
• Good understanding of software-style best practices for actuarial work, including version control, modular design, documentation, testing, and peer review.

Professional Skills

• Strong communication skills, with the ability to explain complex actuarial concepts to non-technical stakeholders.
• Proven project management and multitasking capabilities in a client-facing environment.
• A collaborative mindset, intellectual curiosity, and commitment to continuous learning.
• Fluency in English; French language skills are 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.