Co-op - Actuarial Analyst - FP&A

Job Description

About Facility Association

Are you looking to work with an organization that has an impact on the insurance industry? Do you want your voice to have an impact?

At Facility Association, we pride ourselves on being a standout employer in the insurance industry. Our unique business model and size provide unparalleled opportunities, allowing you to collaborate with multiple insurance companies across different provinces and to work with teams across the organization. We offer an exceptional work-life balance, fostering an open and trusting environment, and giving you a diverse and enriching professional experience.

Join our team and experience unparalleled professional development opportunities, where your contributions truly make a difference in the insurance industry and the organization. To learn more about the Association and what we do, visit https://www.facilityassociation.com.

About the role:

The FA actuarial team offers opportunities to work collaboratively in valuation, pricing and data analytics, and to work with stakeholders in the claims, underwriting and finance departments, as well as our member companies and external stakeholders. This specific role focuses on FP&A (Financial Planning and Analysis), with future opportunities for rotation to different departments as well as opportunities to work on cross-functional projects.

We are seeking a co-op student for either a 4-month or 8-month contract.

Job Responsibilities:

• Deliver monthly financial results for FARM and RSP to member companies, ensuring clarity, accuracy, and timeliness in reporting packages.
• Provide forward-looking financial projections and scenario analyses to support member planning and strategic decision-making.
• Perform actual vs. projected variance analysis, identifying key drivers and trends, and communicating insights to stakeholders.
• Collaborate across teams to enhance reporting processes, including automation and standardization of recurring deliverables.
• Support continuous improvement initiatives, focusing on increasing efficiency, reducing manual work, and improving data integrity.
• Maintain robust documentation and controls to ensure consistency and transparency in financial reporting.
• Assist in the development of presentation materials for member meetings, regulatory submissions, and internal leadership updates.

Required Skills:

As an actuarial analyst co-op student, you demonstrate:

• Enrollment in a university or college program in actuarial science, finance, mathematics, statistics, or a related discipline.
• Strong proficiency in Microsoft Excel for financial modeling and reporting; familiarity with PowerPoint, Word, and Access for communication and data management.
• Experience working with financial data and databases, including data extraction, reconciliation, and transformation.
• Knowledge of programming or scripting tools such as SQL, Python, R, VBA, or SAS is an asset, especially for automation and process improvement.
• Demonstrated ability to perform variance analysis, interpret financial trends, and communicate insights effectively.
• Strong analytical thinking and problem-solving skills, with attention to detail and a commitment to accuracy.
• Excellent written and verbal communication skills, with the ability to present complex financial information clearly.
• A collaborative and team-oriented attitude, with a proactive approach to learning and contributing to ongoing projects.
• Ability to adapt to changing technologies and evolving processes, especially in automation and reporting enhancements.
• Exposure to Wolfram Alpha (Computational Software) is a plus.
• Familiarity with Property & Casualty insurance, FARM/RSP programs, and related financial structures is beneficial.
• Progress in CAS actuarial exams is an asset.
• Experience with GISA/IBC data and industry exhibits is an asset.

Compensation and Benefits: Compensation varies from $22,667-$30,667 for a 4-month term (depending on experience and actuarial exam progression).

Co-op students are eligible for the Actuarial Exam Study Program.

Facility Association is committed to providing accommodation for people with disabilities. Applicants need to make their needs known in advance.

FA is proud to be an equal opportunity employer. Alongside a commitment to excellence, FA is also committed to building a diverse working environment with hiring practices that encourage diversity in all its forms, including race, gender, sexual orientation, religion and ethnicity, among others.

Please be advised that only those applicants who are selected for interviews will be contacted.