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.
THE ROLE
Reporting directly to the Manager, Actuary, the Analyst, Actuary will provide actuarial and analytical support across pension administration and core actuarial activities at UPP.
The Analyst, Actuary will work closely with Senior Analysts, the Manager, Actuary, and other members of the actuarial team to support a broad range of actuarial and pension-related activities. The role is suited for an early-career actuarial professional seeking to develop technical pension expertise and gain exposure to pension administration, funding, valuation, actuarial modelling, and strategic actuarial initiatives within a collaborative pension environment.
The Analyst, Actuary will be expected to independently perform assigned actuarial analysis and calculations with guidance and oversight from senior team members as appropriate. The role offers meaningful exposure to actuarial operations, funding and valuation work, governance support, and cross-functional initiatives supporting UPP’s long-term sustainability objectives.
The Analyst, Actuary will contribute to activities including:
- Pension administration calculations and actuarial support activities;
- Actuarial modelling and funding analysis;
- Valuation and funded status monitoring;
- Preparation of actuarial reports and presentation materials;
- Onboarding and employer analysis activities; and
- Actuarial projects and process improvement initiatives.
The role will collaborate with internal stakeholders including Pension Services, Corporate Finance, Legal, Investments, and Engagement and Outreach teams, as well as external consultants and professional advisors.
The ideal candidate is analytical, detail-oriented, adaptable, and collaborative, with strong technical and communication skills. The successful candidate will have pension actuarial experience or related actuarial experience and will be progressing toward ASA/ACIA designation completion. Familiarity with pension legislation, pension administration practices, and actuarial modelling tools is considered an asset.
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).
This posting is for an existing vacancy.
SPECIFIC ACCOUNTABILITIES
The Analyst, Actuary will be responsible for a variety of duties, including but not limited to the following:
Pension Administration Actuarial Support
- Perform complex pension administration calculations including retirements, terminations, pre-retirement death cases, family law calculations, and other pension-related calculations.
- Support the development, maintenance, testing, and validation of actuarial pension administration tools and processes.
- Analyze and interpret pension plan provisions, pension legislation, and administrative practices in support of pension calculations and member scenarios.
- Participate in quality assurance and validation activities related to pension calculations and system functionality.
- Assist with identifying opportunities to improve actuarial administration processes, controls, and operational efficiency.
- Support documentation and governance practices related to pension administration actuarial activities.
Core Actuarial Services Support
- Perform actuarial analysis related to funding, valuation assumptions, demographic experience, and risk management activities.
- Perform actuarial modelling, liability analysis, funded status monitoring, and funding projections with guidance from senior team members.
- Prepare actuarial analysis, reports, presentations, and supporting materials for internal stakeholders and governance committees.
- Support actuarial analysis related to onboarding and growth initiatives, including pension provision comparisons and member impact analysis.
- Research actuarial, legislative, demographic, economic, and industry developments relevant to UPP and assess potential implications.
- Participate in actuarial projects and cross-functional initiatives supporting long-term sustainability and operational effectiveness.
Corporate and Cross-Functional Support
- Collaborate with internal stakeholders across Pension Services, Finance, Investments, Legal, and other teams to support actuarial analysis and reporting activities.
- Support annual financial reporting, audit requests, actuarial disclosures, and regulatory reporting requirements.
- Coordinate with external consultants, auditors, and professional advisors as required.
- Contribute to documentation, knowledge-sharing initiatives, and continuous improvement activities within the actuarial function.
- Support additional projects and initiatives as required.
QUALIFICATIONS & EXPERIENCE
- Bachelor’s Degree in Actuarial Science, Mathematics, or equivalent quantitative discipline.
- Progress toward ASA/ACIA designation.
- 0 to 5 years of relevant actuarial or pension experience.
- Pension actuarial internship or co-op experience is considered an asset.
- Strong technical proficiency with MS Excel and Microsoft Office applications.
- Experience with actuarial modelling tools, pension administration systems, or valuation software is considered an asset.
- Familiarity with ProVal or similar actuarial software is considered an asset.
- Familiarity with Ontario pension legislation, the Income Tax Act, and CIA standards of practice is considered an asset.
SKILLS & ATTRIBUTES
- Strong analytical, quantitative, and problem-solving skills.
- Strong attention to detail and commitment to accuracy.
- Effective verbal and written communication skills, including the ability to explain technical concepts clearly.
- Ability to manage multiple priorities and meet deadlines in a dynamic environment.
- Collaborative team player with a strong willingness to learn and develop professionally.
- Strong interpersonal skills and ability to build effective working relationships.
- Demonstrated initiative, accountability, and professionalism.
- Adaptable and responsive within a growing and evolving organization.
EXPECTED COMPENSATION
The expected compensation for this role is an annualized base salary in the range of $61,600 to $86,600. This range reflects the expected range for new hire base salaries and is subject to change and may be modified in the future.
You may also be eligible for a variable incentive depending on organizational, divisional and personal performance. The final total compensation offered will vary depending on your skills, experience and other factors.
LIFE AT UPP
Do work that matters. We are duty-bound to serve our members’ interests, and it’s a responsibility we don’t take lightly. That’s why we’ve ingrained sustainability in our work from day one—to ensure our members have a resilient future to retire into, both today and for generations to come.
Stronger together. Collaboration is how UPP was born, and it’s how we work with each other and our partners day in, day out. No one at UPP is just a number (even if they are excellent at math) and every win is a shared win.
Grow every day. You’ll have the opportunity to work on unique, once-in-a-career projects that maximize your skill set and probably teach you some new ones—at any stage in your career.
Prioritize wellness. At UPP, wellness takes many forms. Ultimately, it’s about ensuring our people are cared for in the ways that matter to them. Check out some highlights of our inclusive employee-focused benefits program including:
- Defined benefit pension plan
- Flexible hybrid work model
- Paid time off – vacations, personal days and wellness days
- Work remotely up to eight weeks/year
- Comprehensive group benefits including medical, dental, vision, etc.
- Extended paramedical and mental health service coverage
- Health care and lifestyle spending accounts
- Fertility treatments, paid parental leave, and gender affirmation coverage
- Education Assistance program
This posting will remain open for a minimum of seven (7) days and will remain open until a sufficient number of qualified applications are received or finalist candidates have been identified.
Artificial intelligence (AI) tools may be used to support certain stages of the recruitment process, including sourcing, screening, and assessment. All hiring decisions involve human review and intervention by UPP employees.
UPP enthusiastically welcomes applications from all qualified applicants and especially invites people with lived experience as an Indigenous person, a person with a disability or as a member of another Human Rights Code protected group that faces barriers to employment to apply. Our goal is to create a barrier-free experience for every candidate throughout the recruitment process.
UPP respects your privacy. For information on how UPP handles the personal information you provide during the application process, please see our Job Applicant Privacy Statement.
