Intern Analyst, Actuary

Intern Analyst, Actuary (May 2026 - August 2026)

16 York St, Toronto, ON M5J 0E6, Canada

Posted Tuesday, February 17, 2026 at 5:00 AM

OUR COMPANY BACKGROUND & CULTURE

UPP is the first pension plan of its kind in Ontario’s university sector, proudly serving over 44,000 members across six universities and eighteen sector organizations. Our purpose is to bring greater retirement peace of mind to the university sector by investing with integrity and serving members with care. As a sector-wide plan designed for growth, our doors are open to all Ontario universities.

UPP is recognized as one of Greater Toronto’s Top Employers for 2026. Together, we’re a team of progressive thinkers and agile doers operating within a fast‑paced culture of collaboration and respect. We believe 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.

Our culture is intentionally welcoming and purposefully rooted in equity, diversity, inclusion, and reconciliation (EDI&R). We believe diverse teams, perspectives, and lived experiences contribute to better decisions and a better workplace.

As a pension plan, UPP approaches investing through a long‑term lens to generate and safeguard value. Our commitment to investing responsibly accounts for material risks that impact our investment portfolio to generate sufficient risk‑adjusted returns to meet the pension needs of our members.

Join us in building a bright future for our members, our organization, and each other.

THE ROLE

We are actively looking for an Intern Analyst, Actuary, to join our team in May 2026
, for an 8‑month internship
. The Intern Analyst, Actuary is responsible for helping to perform various actuarial funding calculations, supporting UPP’s engagement, corporate finance, and pension services areas. The incumbent may also have ongoing interactions with external actuaries, legal advisors, auditors, and investment professionals. Three key areas of accountability for the Intern Analyst, Actuary include: (i) actuarial support for pension administrative services, (ii) various actuarial funding and investment calculations, and (iii) supporting other key UPP areas such as engagement and corporate finance.

This is a fantastic opportunity for an undergraduate student to gain valuable work experience in a fast‑growing, dynamic environment while being a part of a new pension plan.

This role is based in downtown Toronto under a hybrid work policy, allowing employees the flexibility to work remotely and in‑office (approximately two days per week in‑office).

Application Details: We ask that you submit a one‑page resume, transcript, and a cover letter that includes a proposed research topic relevant to actuarial work in the pension industry as part of your application.

This posting is for an existing vacancy.

SPECIFIC ACCOUNTABILITIES

The Intern Analyst, Actuary will be responsible for a variety of duties, including but not limited to the following:

Actuarial Support to Pension Services

• Perform various tasks to support the accuracy and effectiveness of administrative calculations for Pension Services
• Support the execution and validation of various annual deliverables required by the plan terms and pension legislation
• Develop tools to verify pension benefit calculations and pension projection calculations and testing the tools to ensure quality and accuracy of administrative calculations.
• Performing pension administration calculations that are of a special or complex nature (family law, pre‑retirement death, or other complex/infrequent type calculations).

Engagement, Corporate Finance Support

• UPP’s actuarial team provides support to UPP’s university sector engagement, corporate finance areas
• Projects and tasks cover from these three areas include preparing presentations comparing different universities’ pension arrangements, comparing member profiles at various retirement ages, answering various UPP funding questions, reviewing draft of corporate financial statements, supporting external audit requests

Actuarial Valuation of Assets and Liabilities

• Calculating the market value…