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About the Role

UPP is seeking a Senior Analyst, Actuary to provide actuarial support for off-system pension benefit calculations, develop actuarial tools, and verify data. This role will also support various initiatives within the Actuary team and other UPP functions, requiring regular communication with internal and external stakeholders.

Responsibilities

• Assist with wide-ranging actuarial tasks at UPP.
• Provide actuarial support in calculating off-system pension benefit calculations by developing actuarial tools and verifying data and tool functionality.
• Support various initiatives within the Actuary team and other key UPP functions such as Engagement and Corporate Finance.
• Regularly communicate with various internal teams (including Legal, Engagement, Pension Services, and Corporate Finance), as well as with external parties from time to time, such as actuarial consulting firms, regulators, lawyers, and other stakeholders.
• Build Foundational Actuarial Tools: Manage and contribute to the development and maintenance of pension administration off-system tools for exception handling and audits of the pension administration system while ensuring regulatory compliance and acceptable actuarial standards of practice.
• Communicate technical actuarial concepts internal and external project teams and review specification documents in support of the development of the pension administration system.
• Continuously improve the tools through research and analysis on actuarial methods, assumptions, standards, pension legislation, etc.
• Identify and implement innovative solutions to streamline off‑system tools, strengthen administrative controls, and enhance the efficiency of daily processing activities.
• Contribute to the development of a governance framework around the tools developed for pension administration.
• Actuarial Support to Pension Services: Review and resolve escalated calculations that are of a special or complex nature or providing actuarial advice on interpretations of provincial pension legislation or federal pension tax rules.
• Reviewing or performing off-system calculations and packages.
• Provide accurate and timely information to all stakeholders regarding general and specific provisions of the Plan.
• Review plan terms and actuarial standards as they impact calculations where no clear plan rules or prior administration practices exist. Collaborating with UPP legal and Pension Services to gather opinions on precedent setting administration questions and cases.
• Other Actuarial Projects: Actuarial analysis as requested by UPP’s Engagement and Onboarding Teams such as side-by-side comparisons of pension plan provisions, and supporting inquiries on UPP plan funding, risk management, or pension legislation.
• Assisting UPP’s Corporate Finance team with the annual preparation of UPP’s annual report and financial statements and external audit requests.
• Supporting monthly updates to UPP’s internal funded status monitoring and liaising with internal or external parties.
• Research and preparation of presentation materials on a variety of actuarial topics based on actuarial reports, industry data, and CIA/SOA studies.
• Supporting other requests as required. Including analysis and document preparation related to any strategic projects for long-term funding, growth, and sustainability.

Requirements

• Four to six years of pension actuarial consulting experience at either an actuarial consulting firm or has worked on an actuarial team servicing a large pension plan.
• Bachelor’s Degree in Actuarial Science or Mathematics or equivalent.
• 4 to 6 years of experience in a professional consulting firm environment or other large pension plan performing actuarial valuations, pension administration, and related consulting assignments.
• Strong technical proficiency with MS Excel and Office.
• Familiarity with Ontario pension legislation, Income Tax Act and CIA standards of practice.
• Experience in interpreting various defined benefit pension plan provisions.
• Ability to work on multiple initiatives in a fast-paced environment.
• Demonstrated ability to meet high performance standards and maintain a calm, pleasant demeanor in a fast-paced, deadline-driven environment.

Skills

• Actuarial support
• Developing actuarial tools
• Verifying data and tool functionality
• Communication skills
• Mathematical rigor
• Attention to detail
• MS Excel
• MS Office
• Building actuarial pension administration tools (asset)

Location

• Downtown Toronto

Work Type

• Hybrid work environment
• Minimum two days per week in-office
• Work remotely up to eight weeks/year

Experience Level

• Senior Analyst
• 4 to 6 years of experience

Education Level

• Bachelor’s Degree in Actuarial Science or Mathematics or equivalent
• ASA/ACIA or near completion of ASA/ACIA

Salary/Compensations

• $70,800 to $95,800

Benefits

• Defined benefit pension plan
• Flexible hybrid work model
• Paid time off – vacations, personal days and wellness days
• Work remotely up to eight weeks/year
• Comprehensive group benefits including medical, dental, vision, etc.
• Extended paramedical and mental health service coverage
• Health care and lifestyle spending accounts
• Fertility treatments, paid parental leave, and gender affirmation coverage
• Education Assistance program

About the Company

• UPP is the first pension plan of its kind in Ontario’s university sector, proudly serving over 46,000 members across six universities and nineteen sector organizations.
• Purpose is to bring greater retirement peace of mind to the university sector by investing with integrity and serving members with care.
• Recognized as one of Greater Toronto’s Top Employers for 2026.
• A team of progressive thinkers and agile doers operating within a fast-paced culture of collaboration and respect.
• Believes in bringing smart and capable people together to create, solve, and grow with a clear shared vision and values of integrity, inclusivity, ingenuity, and impact.
• Culture is intentionally welcoming and purposefully rooted in equity, diversity, inclusion, and reconciliation (EDI&R).
• Believes diverse teams, perspectives, and lived experiences contribute to better decisions and a better workplace.
• Approaches investing through a long-term lens to generate and safeguard value.
• Commitment to investing responsibly accounts for material risks that impact its investment portfolio to generate sufficient risk-adjusted returns to meet the pension needs of its members.

Equal Opportunity

• UPP enthusiastically welcomes applications from all qualified applicants and especially invites people with lived experience as an Indigenous person, a person with a disability or as a member of another Human Rights Code protected group that faces barriers to employment to apply.
• Our goal is to create a barrier-free experience for every candidate throughout the recruitment process.