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About the Role
This 8-month internship is for an Intern Analyst, Actuary, starting in January 2027. The role involves assisting with actuarial funding calculations and supporting UPP's engagement, corporate finance, and pension services. You will interact with external actuaries, legal advisors, auditors, and investment professionals. Key responsibilities include providing actuarial support for pension administration, performing actuarial funding and investment calculations, and assisting with engagement and corporate finance tasks. This is an excellent opportunity for an undergraduate student to gain practical experience in a growing, dynamic environment.
Responsibilities
- Perform tasks to support the accuracy and effectiveness of administrative calculations for Pension Services.
- Support the execution and validation of annual deliverables required by plan terms and pension legislation.
- Develop and test tools to verify pension benefit and projection calculations, ensuring accuracy of administrative calculations.
- Perform special or complex pension administration calculations (e.g., family law, pre-retirement death).
- Provide actuarial support to UPP's university sector engagement and corporate finance areas.
- Prepare presentations comparing university pension arrangements and member profiles.
- Respond to UPP funding questions and review draft corporate financial statements.
- Support external audit requests.
- Calculate the market value and smoothed value of assets using established methods.
- Calculate actuarial accrued liabilities, current service costs, and funded statuses under various actuarial cost methods.
- Validate data used for valuation purposes.
- Review economic, demographic, and other assumptions.
- Research models for assumption setting and perform experience studies.
- Attend actuarial and pension industry meetings.
- Support the Actuary team in preparing presentations on topics such as assumptions, funded status, membership summaries, discount rates, and investment topics.
- Prepare and maintain repositories of key information on peer pension plans.
Requirements
- Completion of second-year actuarial science program or similar mathematical sciences program, or completion of an undergraduate degree in actuarial science, finance, or business.
- Successful completion of at least one Society of Actuaries (SOA) actuarial exam.
- Some actuarial industry, investment, or pension plan experience is an asset.
- Strong ability to prepare advanced presentations in PowerPoint.
- Strong ability to set up and manipulate spreadsheets in Excel.
- Some familiarity with pension industry actuarial valuation programs and annuity calculation tools.
- Strong computer skills including solid grasp of MS Office applications and advanced Excel skills.
- VBA scripting skills and the ability to build out reports and presentations.
Skills
- Advanced Excel skills
- VBA scripting
- MS Office applications
- Presentation preparation
- Spreadsheet manipulation
- Actuarial calculations
- Data validation
- Research
- Verbal communication
- Written communication
Location
- Downtown Toronto
- Remote
- In-office
Work Type
- Hybrid
- Internship
Experience Level
- Intern
Education Level
- Undergraduate degree in actuarial science, finance, or business
- Second-year actuarial science program or similar mathematical sciences program
Salary/Compensations
- $50,500 to $61,500
Benefits
- Supportive and welcoming onboarding through the UPP Buddy Program
- Free snacks and beverages (coffee, tea, and flavored water) in the office
- Monthly social events
- Paid holidays
- Slowdown periods and Mental Health Days
About the Company
- UPP is the first pension plan of its kind in Ontario’s university sector, serving over 46,000 members across six universities and nineteen sector organizations.
- UPP's purpose is to bring greater retirement peace of mind to the university sector by investing with integrity and serving members with care.
- UPP is recognized as one of Greater Toronto’s Top Employers for 2026.
- The company fosters a culture of collaboration and respect, with values of integrity, inclusivity, ingenuity, and impact.
- UPP's culture is intentionally welcoming and rooted in equity, diversity, inclusion, and reconciliation (EDI&R).
- UPP approaches investing through a long-term lens to generate and safeguard value, accounting for material risks to generate sufficient risk-adjusted returns.
- UPP is committed to sustainability to ensure members have a resilient future to retire into.
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.