Actuarial Analyst
at Great-West Lifeco (Canada Life)
Company Overview
Great-West Lifeco Inc. is a Canadian-headquartered international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management, and reinsurance. Operating in Canada, the United States, and Europe under brands including Canada Life, Empower, and Irish Life, the company serves tens of millions of customer relationships worldwide. Great-West Lifeco trades on the Toronto Stock Exchange under the ticker symbol GWO and is part of the Power Corporation group of companies. Its Canadian operations, run primarily through Canada Life, maintain a strong actuarial function supporting product pricing, valuation, and financial reporting.
Job Details
| Job Title | Actuarial Analyst |
|---|---|
| Company | Great-West Lifeco (Canada Life) |
| Job Type | Full-Time, Permanent |
| Location | Winnipeg, Toronto, or London, Ontario (hybrid options available) |
| Experience Level | Entry to Intermediate (0–3 years) |
| Estimated Salary | CAD 62,000 – 95,000 per year (varies by location and experience) |
| Application Deadline | Open until filled; roles are typically posted for a minimum of 5 business days |
Job Description
Actuarial Analysts at Great-West Lifeco support the company’s insurance and wealth businesses by developing and maintaining actuarial models, analyzing financial and policyholder data, and preparing reports used by senior actuaries and business leaders. The role sits within teams such as Product Pricing, Valuation, Financial Reporting, or Actuarial Best Practices, depending on business need.
Key Responsibilities
- Build, test, and maintain actuarial models used for pricing, valuation, or financial projections
- Analyze mortality, morbidity, lapse, and expense assumptions using historical policy data
- Prepare quarterly and annual actuarial reports in compliance with IFRS 17 and other regulatory standards
- Support quality assurance and process improvement initiatives within the actuarial function
- Collaborate with finance, risk, and product teams to communicate actuarial findings clearly
- Assist in the preparation of documentation for internal and external audits
- Contribute to ad hoc financial and risk analysis projects as assigned by senior actuaries
Qualifications & Skills
Candidates who thrive in this role typically bring a mix of quantitative training and applied insurance knowledge:
Salary & Benefits
Compensation for Actuarial Analyst roles generally falls between CAD 62,000 and 95,000 annually, depending on location, experience, and exam progress. Great-West Lifeco typically supports employees with actuarial exam study programs, including paid study time and exam fee reimbursement.
Health & Wellness
- Health, dental & vision from day one
- Employee assistance program
- Paid vacation & wellness days
Career & Financial
- Exam fee reimbursement & study time
- Pension & retirement matching
- Structured actuarial mentorship
Work Flexibility
- Hybrid work arrangements
- Modern offices in major cities
Growth Path
- Clear progression to Senior Analyst
- Cross-team project exposure
Job Location
Great-West Lifeco’s Canadian actuarial teams are primarily based in Winnipeg, Toronto, and London, Ontario, with hybrid work options common across most postings. Some roles supporting national or bilingual functions may be based in Montreal.
How to Apply
Interested candidates should submit their resume and cover letter through the official Canada Life careers portal. Applying through the official employer site ensures your application is reviewed by the correct hiring team and avoids third-party posting delays.
Go to Canada Life Careers PortalBrowse more Actuarial Jobs in Canada →
Summary
An Actuarial Analyst position at Great-West Lifeco offers a strong entry point into Canada’s insurance industry, combining hands-on technical work with structured support for actuarial exam progression. Candidates with a quantitative background, actuarial exam progress, and strong analytical skills are well positioned for these roles, which are typically based in Winnipeg, Toronto, or London, Ontario with hybrid flexibility.
Frequently Asked Questions
What qualifications are needed for an Actuarial Analyst role at Great-West Lifeco?
A bachelor’s degree in actuarial science, mathematics, or a related field is required, along with progress on actuarial exams through the Canadian Institute of Actuaries, SOA, or a similar body.
Is prior work experience required?
Many Actuarial Analyst postings are open to entry-level candidates or recent graduates, though some intermediate roles may require one to three years of relevant experience.
Does Great-West Lifeco support actuarial exam study?
Yes, the company typically offers paid study time, exam fee reimbursement, and mentorship as part of its actuarial development programs, though specific support varies by role and location.
Are remote or hybrid work options available?
Most Actuarial Analyst roles offer hybrid work arrangements, combining in-office collaboration with remote flexibility, though this depends on the specific team and location.
Where can I find current openings?
Current Actuarial Analyst openings are posted on the official Canada Life careers portal, which is updated regularly as new positions become available.