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Your friend MY-NAME-HERE (MY-EMAIL-HERE) identified a career opportunity with WSIB that you may be interested in. Click on the link below to view their current job listings.
Senior Actuarial Consultant (FCIA, FSA, or FCAS)
About the Workplace Safety and Insurance Board (WSIB)
We're here to help. When an injury or illness happens on the job, we move quickly to provide wage-loss benefits, medical coverage and support to help people get back to work. Funded by businesses, we also provide no-fault collective liability insurance and access to industry-specific health and safety information. We are one of the largest insurance organizations in North America covering over five million people in more than 300,000 workplaces across Ontario. For more information, visit wsib.ca.
At the WSIB, you'll have the opportunity to:
- explore many career paths and follow your passion
- continuously learn and grow professionally
- be recognized for the great work you do
- participate in programs that support your health and wellbeing
You'll also receive a competitive salary and may be eligible to participate in our health and dental plan.
This role requires the successful applicant to commit to an in-office work arrangement up to 5 days a week beginning in 2027.
Salary Grade: N10 From: $132,000.00 To: $165,000.00
Help Shape the Financial Future of Ontario's Workers' Compensation System
At WSIB, your work has a purpose beyond the numbers. As a Senior Actuarial Consultant, you'll play a key role in ensuring the long-term financial sustainability of Ontario's workers' compensation system that supports millions of workers and employers across the province. Working closely with the Chief Actuary, CFO, and senior finance leaders, you'll provide strategic actuarial advice, lead complex valuation and forecasting initiatives, and contribute to high-profile modernization projects that help shape the future of WSIB.
This is an opportunity for an experienced actuary to combine advanced technical expertise, project leadership, and executive-level influence while working on unique actuarial challenges that extend beyond traditional insurance environments.
Why Join WSIB?
- Purpose-driven work that directly impacts workers and employers across Ontario
- Executive visibility and influence, including exposure to the Chief Actuary, CFO, senior finance leadership, and Board-level initiatives
- Opportunity to lead both business-critical actuarial work and transformative modernization projects
- Exposure to complex actuarial challenges involving long-term liabilities, funding, forecasting, and legislative costing
- Competitive total rewards package, including a defined benefit pension plan, comprehensive benefits, professional development support, and paid continuing education
What You'll Do:
Lead Complex Actuarial Analysis and Projects by:
- Reviewing actuarial methods, models, and assumptions
- Providing guidance and technical expertise to actuarial staff
- Analyzing and validating actuarial results for accuracy and reasonableness
- Leading project teams and ensuring key deliverables and timelines are achieved
Key areas of responsibility include:
- Valuation of benefit liabilities
- Funding and financial forecasting
- Premium and administration rate setting
- Experience rating programs
- Development and enhancement of actuarial methodologies and models
Deliver Strategic Advice and Actuarial Insights:
- Prepare reports, recommendations, and actuarial analyses for senior leadership
- Support decision-making by developing reliable actuarial models and forecasts
- Monitor changes in actuarial standards, industry practices, and WSIB policies
- Present actuarial findings and recommendations to internal and external stakeholders, including auditors, employers, and actuarial professionals
Lead Experience Studies and Special Projects such as:
- Mortality, termination, health care, and occupational disease studies
- Economic and administration cost studies
- Legislative and policy costing analyses
- Stochastic modelling and model enhancements
- Funding and asset-liability management initiatives
- New methodologies, systems, and actuarial processes
- Emerging accounting and reporting requirements
Build Partnerships Across the Organization
Collaborate with stakeholders across the organization and develop relationships with external partners, including auditors, actuarial consultants, employers, government agencies, industry organizations, and workers' compensation boards across Canada.
What We're Looking For:
Education & Professional Designation
- University degree in Actuarial Science, Finance, Mathematics, Statistics, or a related field
- Fellowship designation (FCIA, FSA, or FCAS)
Experience
- 10+ years of actuarial experience within insurance, pensions, employee benefits, workers' compensation, consulting, or a related environment
- 5+ years of actuarial experience post-Fellowship designation
- Experience leading complex actuarial projects and cross-functional initiatives
- Strong communication skills with the ability to present complex actuarial concepts to executive and non-technical audiences
Ideal Backgrounds
We are particularly interested in candidates with experience in:
- Valuation and financial reporting
- Group insurance
- Retirement and pension actuarial work
- Long-term liability modelling
- Funding and capital management
- Financial forecasting
- Actuarial consulting
- Experience in workers' compensation is considered an asset but is not required.
Our commitment to equity, diversity and inclusion
We respect and value the diversity of our people. We strive to create an environment where employees can be themselves and where our differences are celebrated. We value and celebrate diversity and are committed to creating inclusive experiences for both our employees and prospective employees. We invite all interested individuals to apply. If you require accommodations in order to apply to this position please contact [email protected]. If you are invited to participate in the interview or assessment process, you can advise our Recruiter of your accommodation needs at that time. Please visit our EDI Vision to learn more about what actions WSIB are taking to advance our commitment to equity, diversity and inclusion and to support all employees participating and contributing to their full potential
Disclosing conflicts of interest
As public servants, employees at the WSIB have a responsibility to act in an ethical way at all times to create a respectful workplace and maintain public trust. Job applicants are required to disclose any circumstance that could result in a real, potential or perceived conflict of interest. A conflict of interest is any situation where your private interests may impair or be perceived to impair the decisions you make in your official capacity. This may include: political activity, directorship, other outside employment and certain personal relationships (e.g. with current WSIB employees, customers and/or stakeholders). If you have any questions about conflict of interest obligations and/or how to make a disclosure, please contact the Talent Acquisition Centre at [email protected].
Privacy information
We collect personal information from your resume, application, cover letter and references under the authority of the Workplace Safety and Insurance Act, 1997. The Talent Acquisition Centre and WSIB hiring parties will used this information to assess/validate your qualifications, determine if you meet the requirements of vacant positions and/or gather information relevant for recruitment purposes. If you have questions or concerns regarding the collection and use of your personal information, please contact the WSIB's Privacy Office at [email protected]. The Privacy Office cannot provide information about the status of your application.
As a precondition of employment, the WSIB requires that prospective candidates undergo a criminal records name check any time before or after they are hired.
To apply for this position, please submit your application by the closing date.
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