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Posted 4 days ago

Senior Actuarial Associate, Pension Risk Transfer (PRT)

@ Bank of Montreal

Toronto, Ontario

2+ years experience
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Overview

Bank of Montreal (BMO Insurance) is hiring a Senior Actuarial Associate for its Institutional Solutions Pricing team, which prices Pension Risk Transfer transactions. The role covers pricing deals, mortality studies, cash flow testing and governance papers for senior approval committees. The posting gives a salary range of $55,500 to $120,000 with benefits including health insurance, tuition reimbursement and retirement savings plans, and a deadline of 11/25/2026.

Responsibilities:

  • Price pension risk transfer transactions and run pricing models
  • Conduct mortality experience studies and analyze pension plan data
  • Perform cash flow testing and sensitivity analysis on transactions
  • Prepare pricing recommendations and governance papers for approval committees
  • Partner with actuarial, investments, finance, legal and risk teams

Requirements summary:

  • 2-3 years of actuarial experience, preferably life insurance, pension consulting or reinsurance
  • CIA, SOA or equivalent associate designation
  • Knowledge of defined benefit pension plans and annuities
  • Advanced Excel skills
  • Strong communication and analytical skills
  • SQL, R, Python or Power BI experience an asset

Tools & skills

Source and dates

Employer career site / ATS feed · phenom

Employer posting date
2026-11-11
First seen by our source
2026-11-12
Source record updated
2026-11-12

These dates describe the source record, not a live verification that the employer is still hiring. Check the original posting.

Job details

SeniorityMid level
DepartmentFinance & accounting
Experience2+ years
Hours per week40 (estimated)
Work settingOffice
PositionMostly sitting
Physical demandsphysical low · computer high
LanguagesEnglish, French
Licences & certificationsCIA, SOA

Summary and details written by AI from the posting; the employer’s posting is the authority.

Bank of Montreal

Saved company profile

Historical company information from a saved The Jobs API profile (LinkedIn/Crunchbase fields). It is not live-verified; figures may have changed. Missing values remain unknown.

Full company description

We’re a bank, but there’s more to it than that. ​ When you join BMO, it opens a world of opportunities. This is a team that's committed to helping you succeed – personally and professionally. Because at BMO, when you grow, we grow. ​ You know your worth and so do we. That’s why we offer the right mix of learning programs, on-the-job experiences, and opportunities to build personal and professional connections – so you can build a meaningful career and thrive as a part of a winning culture.  ​ Sound like your kind of place? Then we should be co-workers.

LinkedIn followers
529,147
People associated on LinkedIn
59,168
Reported office locations
  • First Canadian Place, 100 King Street, Toronto, ON M5X 1A1, CA
  • 111 W Monroe St, Chicago, IL 60603, US
Business categories
  • Wealth Management
  • Finance
  • Banking
  • Financial Services
  • Crowdfunding
Other recorded names
  • Bank of Montreal
  • BMO
Specialties
  • Personal Banking
  • Commercial Banking
  • Wealth Management
  • Capital Markets
  • and Asset Management
Profile identifies a recruitment agency
No
Reported total investment
8,114,072,573

Currency and observation date were not supplied; this is not a current valuation or a funding round.

We’re a bank, but there’s more to it than that. ​ When you join BMO, it opens a world of opportunities. This is a team that's committed to helping you succeed – personally and professionally. Because at BMO, when you grow, we grow. ​ You know your worth and so do we. That’s why we offer the right mix of learning programs, on-the-job experiences, and opportunities to build personal and professional connections – so…

FieldValue
IndustryFinancial Services
Company size10,001+ employees
HeadquartersToronto, ON
Organization typePublic Company
SpecialtiesPersonal BankingCommercial BankingWealth ManagementCapital Marketsand Asset Management
Open jobs on Jobsy1,038
LinkedInView page
Job description

Application Deadline:

11/25/2026

Address:

250 Yonge Street

Job Family Group:

Customer Solutions

#bmoinsurance

The role sits within the Institutional Solutions Pricing team at BMO Insurance. The team’s primary objective is to provide financial security for pensioners by helping Canadian organizations de-risk their balance sheets through Pension Risk Transfer (PRT) transactions. The team combines actuarial expertise, financial analysis, and strategic thinking to evaluate and price complex transactions. Team members have the opportunity to influence key business decisions, collaborate with partners across the organization, and contribute to the continued growth of a market-leading business.

Key responsibilities are pricing PRT deals, performing cash flow testing and contribution to strategic initiatives and ad-hoc projects. This includes:

  • Take ownership of transactions, coordinating actuarial analysis and stakeholder inputs throughout the pricing process.
  • Analyze pension plan data and demographic characteristics to deliver transaction pricing.
  • Conduct mortality experience studies to develop transaction-specific assumptions.
  • Run pricing models to evaluate Pension Risk Transfer opportunities.
  • Analyze financial projections and explain key drivers of profitability, capital requirements and risk.
  • Perform sensitivity testing to assess transaction risks and profitability under a range of scenarios.
  • Prepare pricing recommendations and governance papers for senior stakeholders and transaction approval committees.
  • Support the enhancement of pricing methodologies, analytical tools and governance frameworks.
  • Partner with teams across actuarial, investments, finance, operations, legal and risk management to support transaction execution.
  • Participate in strategic initiatives, process improvements, and industry research.

Qualifications and skills:

Desirable qualifications and skills are listed below. A candidate does not need to meet all criteria to be considered.

  • Minimum 2-3 years of actuarial experience, preferably in life insurance, pension consulting or reinsurance.
  • Associate level designation from the CIA, SOA or equivalent.
  • Strong understanding of actuarial pricing, valuation and financial modelling techniques.
  • Working knowledge of defined benefit pension plans, pension administration and annuities.
  • Ability to communicate complex actuarial concepts to both technical and non-technical audiences.
  • Advanced proficiency in Excel.
  • Strong analytical and problem solving skills.
  • Strong verbal and written communication skills.
  • Strong collaboration skills and a team-oriented mindset.
  • Interest in process automation and continuous improvement.
  • Experience with actuarial programming and data analytics tools (e.g. SQL, R, Python, Power BI) is considered an asset.
  • Fluency in French is considered an asset.


Salary:

$55,500.00 - $120,000.00

Pay Type:

Salaried

The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmo.com/ca/en.

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.

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