Job Description
Reporting to the Director – Strategic Risk, Corporate Actuarial, the successful candidate will be responsible for Risk Management activities relating to assessing climate perils and the impact of climate change on the company’s operations
What can you expect in this role?
- Monitor and assess emerging catastrophe‑related risks on the company’s business operations.
- Conduct research on climate‑related hazards and evaluate how climate change and other human‑driven factors influence exposure, vulnerability, and overall implications for the insurance industry.
- Analyze, interpret, and visualize geospatial and climate datasets using programming languages (e.g., Python, R) and spatial analysis tools (e.g., GIS platforms) to generate actionable insights.
- Support the development, calibration, and testing of catastrophe models, ensuring methodological rigor and alignment with internal risk frameworks.
- Communicate complex analytical results clearly and effectively through presentations, written reports, and dashboards tailored to both technical and senior leadership audiences.
- Collaborate cross‑functionally with Actuarial partners (Reserving, Planning), and external groups such as Finance, Reinsurance, and Enterprise Risk Management (ERM) to address multi‑dimensional risk challenges and support enterprise decision‑making.
- Identify and implement opportunities to enhance processes, improve data workflows, and strengthen analytical efficiency and consistency.
- Provide support to the team leader in coaching, mentoring, and developing team members to foster a high‑performing and learning‑oriented environment.
What do you bring to the role?
- University degree in Actuarial Science, Mathematics, Statistics, or a related quantitative discipline.
- Completion of at least four CAS exams (or equivalent actuarial credentials) & 2–3 years of actuarial experience within the insurance industry.
- Strong programming capabilities, including proficiency in Python and commonly used scientific libraries (e.g., pandas, NumPy, SciPy, scikit ‑ learn).
- Demonstrated ability to collect, clean, manage, and analyze large and complex datasets, including climate, exposure, and socioeconomic data.
- Proven ability to work both independently and in collaboration with cross ‑ functional teams.
- Excellent communication, organizational, and time ‑ management skills.
- Highly adaptable team player with a strong sense of ownership, accountability, and initiative, coupled with a results ‑ oriented mindset and the ability to translate analytical insights into meaningful business impact
- Strong presentation skills and the ability to communicate complex analytical concepts clearly to a range of audiences.
Salary Range: $69,500 - $119,500
About Us
Actual salary for the role may vary depending on work location of the successful candidate and other factors including but not limited to, skills, education, experience, working conditions and the local labour market.
This position is being posted to fill an existing vacancy.
Interested in this role, but don’t meet every requirement? We encourage you to apply! We know from experience that a candidate doesn’t need 100% of the qualifications listed to bring incredible value to our team. We’re actively seeking diverse backgrounds and perspectives to help us make insurance better. At Definity, inclusion, diversity, and equity aren’t just “nice to have” — they’re essential to our success.
What’s in it for you?
- Hybrid work schedule for most roles
- Company share ownership program
- Incentive Program - Eligible employees may participate in various incentive plans which are paid out at the discretion of the company and subject to individual and company performance.
- Pension and savings programs, with company-matched RRSP contributions
- Paid volunteer days and company matching on charitable donations
- Educational resources, tuition assistance, and paid time off to study for exams
- Focus on inclusion with employee groups, support for gender affirmation surgery, access to BIPOC counsellors, access to programs for working parents
- Wellness and recognition programs
- Discounts on products and services
Go ahead and expect a lot — you deserve it.
It’s better here — but don’t take our word for it. Definity was named by Great Place to Work ® as one of the Best Workplaces™ in Canada for women, for youth, and for inclusion.
Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know by contacting accessibility@economical.com.
Background checks
This role requires successful clearance of background checks (including criminal checks and leadership references).
#IND1
About The Team
Definity is the parent company to some of Canada’s most long-standing and innovative insurance brands, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. Our ambition is to be one of Canada’s leading and most innovative property and casualty insurers. We can’t do that without our people, so we embrace and encourage a culture that’s collaborative, ambitious, rewarding, and empowering.
We offer a flexible, hybrid work experience where employees work from the office and virtually depending on the type of work they are doing and who they are working with. Bring your true self and be a part of our journey. It’s better here.
