Senior Actuarial Consultant

Hub International · Toronto · CA$130,000–CA$150,000 (stated in the posting)

About The Role

HUB International's Alternative Risk Solutions practice is hiring a Senior Actuarial Consultant to lead captive advisory, broking, and quantitative risk analysis engagements. This is a senior consulting role with a team leadership dimension: you will own complex analytical deliverables and market-facing activities end-to-end, mentor junior analysts, and translate captive economics and risk financing alternatives into clear strategic guidance for C-suite, risk management, and board audiences.

What You’ll Do

Lead captive feasibility, optimization, and Total Cost of Risk (TCOR) studies across single-parent, group, and cell captive structures, including domicile comparison across onshore and offshore jurisdictions.
Manage end-to-end captive program placement: prepare submissions to fronting insurers, negotiate pricing, terms, and collateral arrangements (LOCs, trusts, parental guarantees), and obtain conventional market declinations where required.
Conduct retention and limits analysis including SIR optimization, attachment point selection, loss distribution fitting, and severity benchmarking to advise on coverage tower design.
Develop client risk tolerance and risk appetite frameworks using probabilistic modeling techniques (Monte Carlo, VaR, TVaR) to stress-test retention strategies.
Prepare and review actuarial valuation reports for captive entities in compliance with IFRS 4 and IFRS 17, including reserve adequacy, capital adequacy testing, and loss development analysis across multiple commercial lines.
Deliver pro-forma financial projections, cash flow modeling, and investment income analysis to support captive program design and long-term risk financing planning.
Author board-ready reports and feasibility studies, and serve as senior technical resource in client meetings with C-suite, risk management, and board audiences.
Supervise and mentor junior actuarial analysts; establish peer review and quality standards for analytical deliverables.
Coordinate cross-functional workstreams with broking, underwriting, claims, and specialty practices to embed actuarial insight into client strategy.
Contribute to business development through pitch materials, proposals, and scope of work documents.

Qualifications and expertise that pave the way for Success

Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, or a related quantitative discipline.
10+ years of experience in actuarial analysis, quantitative risk consulting, or alternative risk financing, with significant captive insurance exposure.
Demonstrated expertise in TCOR modeling, retention/limits analysis, reserve analysis, and experience rating across commercial lines (GL, Auto, Property, WC, Professional Liability).
Hands-on experience with insurance market submissions, carrier negotiations, and captive fronting/reinsurance placement.
Strong working knowledge of captive domicile regulations, fronting arrangements, and alternative risk transfer structures; familiarity with onshore and offshore domiciles (e.g., Barbados, Bermuda, Alberta) an asset.
Proven ability to develop risk tolerance and risk appetite frameworks and apply probabilistic modeling (Monte Carlo, VaR, TVaR).
Valid RIBO licence, or ability to obtain within six months of joining.
Advanced Excel and financial modeling skills; proficiency with actuarial software and data visualization tools (VBA/Access an asset).
Progress toward or completion of actuarial designations (ACAS, FCAS, FCIA) considered a strong asset.
Prior experience supervising or mentoring analytical teams, with excellent presentation and board-level report writing skills.

Elevate Your Career with HUB International

Choosing HUB International means aligning your career with a premier insurance brokerage. Our expansive network, powered by over 20,000 dedicated professionals across 500 offices in North America, sets the stage for an enriching career that promises both stability and remarkable growth opportunities. For a deeper insight into our values and vision, we invite you to explore: https://www.hubinternational.com/en-CA/about-us/.

Your Advancement and Well-being: Our Priority

At HUB, we place immense value on the well-being and professional development of our team. Here’s what you can look forward to as part of the HUB Team:

Work-Life Balance: Take advantage of flexible working arrangements and generous time-off policies that adapt to your needs and lifestyle.
Professional Growth: Advance your career with HUB-sponsored training programs, tuition reimbursement, and other development opportunities tailored to help you succeed.
Industry Support: Benefit from reimbursements for professional licensing and membership fees, reflecting our investment in your expertise.
Exclusive Perks: Enjoy special discounts on events, travel, accommodations, and personal home & auto insurance, making your HUB experience even more rewarding

Service: Our Ethos

At HUB International, service defines who we are. This dedication extends not only to our clients but also to our employees and the communities we’re proud to support. Our regional offices are actively engaged in local initiatives, reflecting our commitment to giving back and making a meaningful difference.

If you require assistance or accommodation at any stage of the recruitment process, we encourage you to let us know—we’re here to support you. At HUB, building an inclusive workplace isn’t just part of what we do—it’s at the heart of who we are..

The expected salary range for this position is $130,000 to $150,000 and will be impacted by factors such as the successful candidate’s skills, experience and working location, as well as the specific position’s business line, scope and level. HUB International is proud to offer comprehensive benefit and total compensation packages which could include extended health benefits, disability insurance, RRSP matching, paid-time-off benefits, and eligible bonuses, and commissions for some positions.

AI and Automation Notice: HUB International uses limited AI and automation tools within our recruitment systems to enhance efficiency in the hiring process and in the candidate experience. These tools do not independently make hiring decisions or screen out candidates — all decisions are made through human review.

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Department Risk Management & Loss ControlRequired Experience: 7-10 years of relevant experienceRequired Travel: Negligible

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