Actuarial Advisor

Actuarial Advisor

Actuarial Services, Plan Management

Full-Time, Permanent

The Ontario Pension Board (OPB) administers the Public Service Pension Plan (the PSPP), a major defined benefit pension plan sponsored by the Government of Ontario. With over 106,000 members and almost $40 billion in assets, the PSPP is one of Canada’s largest pension plans. It is also one of the country’s oldest, successfully delivering the pension promise since the early 1920s.

Learn more about OPB.

As a member of the Actuarial Services team, the Actuarial Advisor provides in-house actuarial expertise and support for pension modernization and strategic business initiatives.

Reporting to the Manager, Actuarial Services and working closely with the Senior Actuarial Advisor, the incumbent will deliver actuarial and technical expertise on cross-functional project teams, contributing to the development, testing and validation of tools, calculators, and technology solutions that enhance operational efficiency and service delivery.

This is an exciting opportunity for a detail-oriented actuarial professional with strong technical capabilities and effective communication skills combined with an understanding of pension plan administration and policy to contribute to a major business transformation initiative.

• Performing and verifying complex and escalated plan administration calculations.
• Contributing to the design, development, testing, and implementation of actuarial tools, calculators, and pension administration technology solutions.
• Conducting demographic analysis and identifying trends in support of the valuation of the Public Service Pension Plan (PSPP) and related plans.
• Contributing actuarial expertise and technical actuarial support on cross-functional project teams.
• Reviewing policy and plan text to identity gaps, opportunities, assess impacts and recommending enhancements to improve processes consistency and operational effectiveness.
• Supporting user acceptance testing, validation activities, and post-implementation reviews to ensure technology solutions meet business and actuarial requirements.
• Communicating complex actuarial concepts effectively to a variety of internal and external stakeholders.
• Participating in evaluating and drafting new actuarial policies, recommending alternatives and improvements in consultation with the Senior Actuarial Advisor.
• Coordinating the data management, design, and preparation of actuarial related metrics and reporting.

• Minimum of 4 years actuarial experience in the pension industry;
• ASA designation achieved or in progress is considered an asset.
• Bachelor’s degree in the fields of Statistics, Mathematics, Actuarial Science or Data Science or equivalent.
• Advanced knowledge of mathematical and actuarial concepts.
• Strong knowledge of data analytics, risk assessment and mitigation, research, and wide-spread understanding of actuarial principles.
• Understanding of pension plan legislation and income tax legislation are strongly preferred.
• Demonstrated expertise in spreadsheet programming and analysis and ability to perform and verify calculations.
• Strong proficiency Word, Excel, and PowerPoint. Experience working with MS Access is an asset.
• Strong attention to detail, quality control and detailed critical review skills.
• Strong relationship building skills with the ability to work collaboratively in a team and with stakeholders, advisors, and business partners, both internal and external to OPB.
• Excellent written and verbal communication skills with the ability to communicate technical information and deliver presentations tailored to the right level of complexity for the audience.
• Well-developed analytical, problem solving, and continuous…