Senior Analyst, Actuary

Our Company Background & Culture

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. 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.

Reporting directly to the Associate Director, Actuary, the Senior Analyst, Actuary will assist with wide‑ranging actuarial tasks at UPP.

A key area of accountability for the Senior Analyst, Actuary would be providing actuarial support in calculating off‑system pension benefit calculations by developing actuarial tools and verifying data and tool functionality. Furthermore, the Senior Analyst, Actuary will have the opportunity to support various initiatives within the Actuary team as well as other key UPP functions such as Engagement and Corporate Finance.

The incumbent will 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. The ideal candidate would be authentic, enthusiastic, and eager to learn. It is important they have exceptional attention to detail and strong mathematical rigor while also maintaining the ability to think broadly and creatively.

The Senior Analyst, Actuary should have strong communication skills as they will be working with parties both across the UPP and externally. The candidate would have 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. Additionally, the ideal candidate is working towards the completion of their actuarial designations (FSA, FCIA), and is familiar with Ontario pension legislation and actuarial standards.

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

• 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.

• Review and resolve escalated…