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About the Role

Actuarial work at WSIB goes beyond traditional insurance valuation, playing a critical role in ensuring the long-term financial sustainability of Ontario's workplace insurance system. This role offers the opportunity to work on complex, meaningful projects that influence funding strategies, premium rate setting, benefit liability valuations, forecasting, legislative costing, and enterprise-level financial decision-making. As a member of the Actuarial leadership team, you will collaborate with senior leaders and stakeholders to deliver insights guiding the future of workers' compensation in Ontario.

Responsibilities

Lead or contribute to the review and delivery of complex actuarial work, ensuring accuracy, quality, and timely execution.
Provide guidance on actuarial methods, models, assumptions, and analytical approaches.
Review and validate actuarial calculations, model outputs, and project deliverables.
Ensure project milestones and timelines are achieved.
Lead or contribute to the valuation of benefit liabilities (Schedule 1 and Schedule 2).
Lead or contribute to Schedule 1 premium rate setting and Schedule 2 administration rate setting.
Lead or contribute to funding and financial forecasting initiatives.
Lead or contribute to the development and enhancement of actuarial methodologies and models.
Prepare reports, recommendations, and actuarial analyses for senior leadership.
Stay current with evolving actuarial standards, industry practices, and WSIB policies.
Present actuarial findings, estimates, methodologies, and recommendations to internal and external stakeholders.
Participate in stakeholder meetings, presentations, information sessions, and consultations.
Design, review, validate, and report on actuarial experience studies.
Conduct and support studies related to mortality, claim termination patterns, occupational disease claims, health care costs, future administration expenses, and economic/financial assumptions.
Perform actuarial costing of legislative, policy, and operational changes.
Support development of presentations and materials for WSIB Senior Leadership, Board of Directors, government stakeholders, employers, and external actuarial advisors.
Contribute to special projects involving enhancements to actuarial models, earnings by source analysis, new funding and pricing methodologies, accounting standard implementation, and process modernization initiatives.
Manage projects from planning through execution, coordinating team members and ensuring high-quality outcomes.
Develop project plans, schedules, and deliverables.
Coordinate project activities and assign work across team members.
Identify resource requirements and support workload planning.
Monitor progress through regular project updates and status reviews.
Review team deliverables to ensure technical accuracy and quality standards.
Drive projects to successful completion within established timelines.
Build strong relationships across the organization and externally to support actuarial initiatives and informed decision-making.
Partner with leaders and teams across Operations, Strategy, Finance, and Technology.
Collaborate with employers, worker representatives, auditors, actuarial consultants, and other external stakeholders.
Maintain active involvement in actuarial professional organizations and industry networks.
Liaise with workers' compensation boards, government agencies, health and safety organizations, and industry groups.

Requirements

University degree in Actuarial Science, Mathematics, Statistics, Finance, Economics, or a related discipline.
5+ years of actuarial experience within the insurance industry, workers' compensation, pension, consulting, or a similar environment.
2-5 years of experience leading projects, initiatives, or project teams.
Strong analytical, modeling, forecasting, and problem-solving skills.
Excellent communication and stakeholder management abilities, including presenting complex actuarial concepts to diverse audiences.
Must hold one of the following actuarial fellowship designations: FCIA, FSA, or FCAS.
Successful applicant must commit to an in-office work arrangement up to 5 days a week beginning in 2027.
Prospective candidates must undergo a criminal records name check.

Skills

Actuarial Science
Insurance Valuation
Financial Sustainability
Funding Strategies
Premium Rate Setting
Benefit Liability Valuations
Forecasting
Legislative Costing
Financial Decision-Making
Project Leadership
Analytical Skills
Modeling
Problem-Solving
Communication Skills
Stakeholder Management
Casualty Insurance
Social Insurance

Location

Ontario

Work Type

In-office (up to 5 days a week starting 2027)

Experience Level

5+ years actuarial experience
2-5 years project leadership experience

Education Level

University degree in Actuarial Science, Mathematics, Statistics, Finance, Economics, or a related discipline
FCIA, FSA, or FCAS designation

Salary/Compensations

$116,000.00 - $145,000.00

Benefits

Competitive salary
May be eligible for health and dental plan

About the Company

The Workplace Safety and Insurance Board (WSIB) helps individuals injured or ill on the job by providing wage-loss benefits, medical coverage, and support for return to work. Funded by businesses, WSIB offers no-fault collective liability insurance and access to industry-specific health and safety information. It is one of North America's largest insurance organizations, covering over five million people in more than 300,000 workplaces across Ontario.
At WSIB, employees have the opportunity to explore career paths, continuously learn and grow professionally, be recognized for their work, and participate in health and wellbeing programs.

Equal Opportunity

WSIB respects and values the diversity of its people and strives to create an environment where employees can be themselves and where differences are celebrated. WSIB is committed to creating inclusive experiences for employees and prospective employees. All interested individuals are invited to apply. Accommodations are available for individuals with disabilities during the application and interview process.
As public servants, employees at the WSIB have a responsibility to act in an ethical way at all times to create a respectful workplace and maintain public trust. Job applicants are required to disclose any circumstance that could result in a real, potential or perceived conflict of interest.