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Climate Change Co-op, Strategic Risk, Corporate Actuarial - Summer 2025

Climate Change Co-op, Strategic Risk, Corporate Actuarial - Summer 2025

Definity Financial CorporationToronto, ON, Canada
29 days ago
Salary
CA$22.00 hourly
Job description

Climate Change Co-op, Strategic Risk, Corporate Actuarial - Summer 2025

Job ID : 8037

Category : Corporate Actuarial & Risk

Brand : Definity

Regular / Temporary : Temporary

Fulltime / Parttime : Full Time

Location : Toronto, Canada

Posting Range : See Posting / Voir ci-dessous

Definity is the parent company to some of Canada’s most long-standing and innovative insurance brands, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. Our ambition is to be one of Canada’s leading and most innovative property and casualty insurers. We can’t do that without our people, so we embrace and encourage a culture that’s collaborative, ambitious, rewarding, and empowering.

We offer a flexible, hybrid work experience where employees work from the office and virtually depending on the type of work they are doing and who they are working with. Bring your true self and be a part of our journey. It’s better here.

YOUR NEXT CO-OP PLACEMENT

Work term : Summer

Work term length : 4-month

From classroom to co-op to career, every step of your journey has an impact on your future. That’s why it makes sense to choose a co-op placement with a company that offers truly rewarding work and real-life experience. At Definity, your contributions, creativity, and energy will be put to good use, and you’ll get to be involved with initiatives that support our strategic goals and use your skills in a supportive team environment.

If you’re looking for a company that takes care of its people — full time, part time, and co-ops alike — and has a track record of doing big things, get ready to love it here.

What can you expect in this role?

Reporting to the Manager – Climate Change, Corporate Actuarial, the successful candidate will be responsible for Risk Management activities relating to modelling climate perils and the physical impact of climate change on our insurance portfolio.

Your Responsibilities

  • Support climate change initiatives such as monitoring and researching impacts of various perils on business operations.
  • Assist with the strategic goals of the company such as limiting catastrophe risk.
  • Research a climate peril and understand climate change impacts in the context of the insurance industry.
  • Investigate and gather data relevant to the analysis of a climate peril.
  • Analyze and interpret geospatial and climate data using programming and spatial analysis tools.
  • Build and test climate hazard impact models.
  • Communicate results to team and leaders through presentations and reports.
  • Work collaboratively with other Actuarial teams such as Reserving, Planning, Pricing, and Analytics to solve complex problems, and provide recommendations to management.

What do you bring to the role?

  • Currently enrolled in the 3rd year or above of a full-time university program in natural science or engineering (ex., Actuarial Science, Climate Science, Environmental Science, Environmental Engineering, Earth Science, Geography, or Physics).
  • Experience, through a previous co-op or research, in quantitative analysis and modeling of climate hazards such as flood, wildfire, or storms is important.
  • Strong programming and software skills, including proficiency in a programming language such as Python (with libraries pandas, NumPy, SciPy, Scikit-learn).
  • Experience with geographical information system software for spatial analysis and data visualization (ex. ArcGIS, QGIS).
  • Ability to collect, clean, process, analyze, and manage large datasets (climate data, socioeconomic data, etc.).
  • Excellent communication and organizational skills.
  • Team player, adaptable to a changing and fast-paced environment, and having a keen sense of responsibility.

    • What can Definity offer you?

  • Meaningful work forwarding our purpose of building a better world by helping our clients and communities adapt and thrive in their hardest times of need.
  • Culture of accountability, empowerment, and collaboration.
  • Opportunities to support personal and professional growth through real-life experience and unique learning opportunities.
  • Opportunity to join our employee groups - focused on women's empowerment, LGBTQ+, anti-racism and cultural equity, and environmental activism.
  • Determined to create positive change for our environment, our people, and our communities, now and in the future.

    • The hourly compensation for the role starts at $22 / h and will increase based on factors including but not limited to, skills, education, experience, and the recommended rates as set by the respective educational institution.

    We also take potential into consideration. If you don't have this exact experience, but you know you have what it takes, be sure to give us more insight through your application and cover letter.

    Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know.

    Background checks

    This role requires successful clearance of a background check (including criminal checks and leadership references).

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