Actuarial Analyst (Co-op Student)

Actuarial Analyst (Co-op Student) Plan Management (8-month work term – January to August 2027)

About us:

The Ontario Pension Board (OPB) administers the Public Service Pension Plan (the PSPP), a major defined benefit pension plan sponsored by the Government of Ontario. With 106,000 members and almost $40 billion in assets, the PSPP is one of Canada’s largest pension plans. It is also one of the country’s oldest, successfully delivering the pension promise since the early 1920s. Learn more about OPB.

About the role:

As a member of the Actuarial Services team at Ontario Pension Board (OPB), the Actuarial Analyst (Student) will contribute to the in-house actuary services and assist in supporting the day-to-day operations of the Public Service Pension Plan (PSPP). In this role, you’ll support the pension administration of defined benefit calculations, receiving training and guidance on the overall structure and regulatory framework of Defined Benefit pension plans.

Taking part in strategic initiatives and providing input on innovative approaches, you will build collaborative relationships across a diverse range of stakeholders. If you are a detail-oriented actuarial student with a strong ability to grasp new concepts and think critically, this is a wonderful opportunity to learn more about the pensions industry!

Key Responsibilities:

• Assist with coordinating and preparing data management, metrics, ad-hoc reporting, and performing validation of calculations.
• Support the improvement of existing actuarial tools, software and processes, providing input on innovative approaches and enhancements.
• Assist various teams to resolve complex pension related issues.
• Support strategic initiatives and special projects through actuarial and data analysis.
• Provide actuarial support around plan statistics, potential pension plan mergers and new employer onboardings.

Key Qualifications:

• Currently enrolled in an Actuarial Science or related program (Mathematics, Statistics, Finance) requiring completion of a work placement/ co-op work term, or a recent graduate (2025).
• Previous co-op work experience or knowledge of defined benefit pension plans or pension plan administration is considered an asset.
• Strong technical proficiency in Microsoft Office (Word, PowerPoint, Excel) and Outlook. Proficiency with data visualization software (PowerBI) is preferred.
• Strong relationship building skills; demonstrated ability to work collaboratively in a team and support internal stakeholder teams.
• Ability to effectively multi-task and manage priorities, adapting to competing objectives in a time-sensitive manner.
• Well-developed project and time management skills.
• Excellent attention to detail, analytical and critical review/thinking skills.
• Strong verbal and written communication skills.

Compensation:The target hiring salary for this position is $56,000. A candidate’s placement in the range is based on skills, knowledge, experience, and internal equity, with consideration for how the candidate is developing, meets, or exceeds the role’s requirements​.

Additional Information:

• This posting is for an existing vacancy.
• The competition will remain open until a successful candidate is selected or until the competition is closed.
• No artificial intelligence tools are used to screen, assess, or select applicants for this position.
• We thank all applicants; however, only those selected for an interview will be contacted.
• The identified final candidate will be required to complete a background screening.
• OPB is committed to providing accommodation for people with disabilities in its recruitment process. Please advise OPB if you require an accommodation, and we will work with you to meet your needs. OPB is committed to fostering a culture of diversity, equity and inclusiveness that reflects the diverse communities we serve. We welcome and encourage applications from those who may contribute to the further diversification of ideas.

If you are looking for an exciting opportunity and to build a career in an innovative and dynamic organization, submit your resume by clicking on Apply.

Careers - Ontario Pension Board

We thank all applicants for their interest; however, only those selected for an interview will be contacted. Ontario Pension Board is an equal opportunity employer.