BMO
Finance
ActuarialAnalyst,Pricing(Co-op/Internship)
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“Actuarial Analyst, Pricing (Co-op/Internship) at BMO. Skills: Actuarial science, Pricing insurance products, Cash flow testing, MS Excel, MS Access database. Prices insurance products with up-to-date pricing assumptions. Performing cash flow testing for assigned insurance products and using the required actuarial technology”
Industry & Context.
Analytical and problem solving skills - In-depth; Breaks down strategic problems, and analyses data and information to provide insights and recommendations; Exercises judgment to identify, diagnose, and solve problems within given rules
What They're Looking For.
Must Have
Currently enrolled in an actuarial science or mathematics degree program, Successful completion of at least 1 SOA exam and actively pursuing an FSA/FCIA designation, software skills in MS Excel and MS Access database
Nice to Have
Knowledge of life insurance products is an asset, Specialized knowledge from education and/or business experience
What You'll Do.
Prices insurance products with up-to-date pricing assumptions
Performing cash flow testing for assigned insurance products and using the required actuarial technology
mortality/morbidity experience on an on-going basis and provides reporting on the profitability of new products and/or product enhancements
Provides actuarial services expertise and advisory support for all insurance products of BMO Life Assurance
evaluates and compares competitor insurance products for the high net worth market and other markets
Supports the execution of strategic initiatives in collaboration with internal and external stakeholders
Analyzes company data to provide management reporting on insurance industry and internal business trends
Creates and validates Excel spreadsheets to accurately reflect product values
marketing concepts and company profitability on a monthly basis
including analysis and commentary
Provides input for continuous improvement of processes and procedures to support more effective operations
Provides sales support and business expertise in the production of insurance quotes for high net worth clients and other clients upon request
Performs required illustrations based on defined parameters using business judgment and makes appropriate referrals for illustrations of higher complexity and large policy over product’s maximum issue limit
Provides business and technical expertise when required for management reporting
special projects and technology issues
Provides input into product design using actuarial experience and competitive & industry knowledge
including presenting counter proposals as required for new and existing products
Provides an ongoing competitive analysis of BMO insurance products and identifies opportunities for business growth
Coordinates provision of management information
according to established needs and timelines
for use in internal and external audits and for general management information
Reviews progress to plans
and participates in the implementation of actions necessary to correct internal and external issues
Take measured risks while protecting the bank by applying our Risk Management Framework in the execution of your role
in line with our Risk Culture and within our approved Risk Appetite
making sound and risk informed decisions that align to business strategy
and adhere to applicable policy documents (Frameworks
Procedures and Supporting documents)
How You'll Work.
Team & Collaboration
Builds effective relationships with internal/external stakeholders; Ensures alignment between stakeholders; Supports the execution of strategic initiatives in collaboration with internal and external stakeholders
Communication Scope
Verbal & written communication skills - In-depth
Full Job Description
Application Deadline: 05/24/2026 Address: 250 Yonge Street Job Family Group: Customer Solutions **As a co-op/intern student at BMO, you will have the opportunity to be heard, keep growing and make a difference.** You will be part of our campus program to gain the skills and knowledge needed to take on roles similar to the description listed below. Our student experience is designed to integrate you to the BMO team from day one by adding value in the work you do. You will have the opportunity to participate in programs such as the Women in Banking Mentorship Program, BMO Social Squad student-led activities, BMO Academy learning platform and access to various Employee Resource Groups to further develop your network within BMO. **Interested in learning more about our campus program?** Stay up-to-date with BMO Campus Recruitment by following us on Instagram @bmocanada | @bmo_us and joining our LinkedIn group BMO Campus Recruiting & Early Talent. **Note: Only students currently enrolled in an academic program and returning to their studies will be considered for Co-op/Internship opportunities. Student who recently graduated are invited to apply to our New Grad opportunities which are available at**[**https://jobs.bmo.com/ca/en/new-grad**](https://jobs.bmo.com/ca/en/new-grad)**** **To apply for this opportunity, please submit your cover letter, resume and an unofficial copy of your academic transcript. By applying for this general posting, you will be considered for a number of different student opportunities across multiple locations. If you are selected to move forward, you will be provided additional information.** Prices insurance products with up-to-date pricing assumptions, performing cash flow testing for assigned insurance products and using the required actuarial technology. Monitors lapse, mortality/morbidity experience on an on-going basis and provides reporting on the profitability of new products and/or product enhancements. Provides actuarial services expert
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