Actuarial Associate

At IMCO, our talent is among the best! IMCO offers a uniquely stimulating and rewarding environment where you can help build and drive organizational transformation, all while seeking to challenge yourself, learn, and grow your career.

Our culture is built on collaboration and passion, with a shared commitment to delivering lasting value to the clients we serve. Located in downtown Toronto, our vision is to be the partner of choice for Ontario’s public sector funds and to build a high-performing, value-driven asset management firm.

This job posting is for an existing vacancy. If you are ready to deliver best-in-class service and join a collaborative, motivated and fun team of professionals, IMCO offers the opportunity to do impactful work and broaden your expertise.

If you’re looking to use your expertise to drive strategic outcomes, we’d love to hear from you.

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Job Purpose:

Reporting to the Managing Director,  Portfolio Construction, the Associate Portfolio Manager (APM), Portfolio Construction, is primarily responsible for (a) developing, maintaining, and using IMCO’s asset and asset-liability models, (b) developing and analyzing strategic asset allocation advice to IMCO clients, and (c) developing related presentations and other materials for clients, prospective clients, and a variety of internal and external audiences. The APM will also undertake investment research on portfolio construction, investment strategies, long-term capital markets trends and thematic investment opportunities and risks.

Accountabilities: 

• Leading asset liability and strategic asset allocation analysis for IMCO clients, including development of strategic asset allocation advice to IMCO’s clients.
• Developing, reviewing, maintaining, and documenting IMCO’s asset and asset-liability models and processes.
• Analyzing and understanding the characteristics and performance drivers of asset classes and strategies, asset mix alternatives, liabilities, risk appetite and tolerance.
• Communicating quantitative findings and complex subject matter, both verbally and in writing, in a fashion that is clear, concise, and tailored to the audience.
• Developing presentations and other materials for clients, prospective clients, as well as other internal and external audiences.
• Assisting with development of and updates to IMCO’s capital market assumptions.
• Participating in and supporting the team’s various research initiatives.
• Fostering culture and behaviours that support intellectual curiosity, critical thinking, innovation, and high level of collaboration.
• Collaborating with IMCO’s investment, risk, client service, and operations teams.

Job Requirements:

• An actuarial designation (e.g. ASA, FSA, FCIA) combined with a relevant undergraduate is required.
• Hands on experience in valuation of pension or insurance liabilities.
• Experience developing and reviewing long-term capital market assumptions
• Knowledge of investing trends, financial markets and a strong ability in research, analysis, and data interpretation.
• Understanding of asset liability modelling, stress testing, and investment landscape,
• Role model work ethic, using the highest level of integrity under all conditions.
• Ability to work in a complex and dynamic environment.
• Excellent communication skills with the ability to report complex information clearly and concisely.
• Strong interpersonal skills with the ability to interact with colleagues at all levels and cultivate key partnerships to work collaboratively with internal and external stakeholders as well as third-party service providers.

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The base salary range for this position is CAD $130,000.00 - $165,000.00. The placement within the range is determined by the range of market pay for the specific position, as well as the candidate's knowledge, skillset and experience relative to the requirements of the position and to internal peers. In addition to base salary, this position is eligible to participate in IMCO's annual incentive plan. As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you with the specific details for this position, as well as the total rewards offering at IMCO including our comprehensive benefits package and defined benefit pension plan.

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We thank all applicants for their interest. Only those selected for an interview will be contacted.

Our hybrid work model prioritizes an office-first approach, encouraging employees to make the most of our collaborative workspace at 16 York Street, Suite 2400, Toronto, ON M5J 0E6. This welcoming environment fosters teamwork, connection, and professional growth. While flexibility remains a key component of our model, we believe that regular in-office engagement enhances productivity and strengthens our culture. Our approach supports a fulfilling lifestyle that balances professional ambition with personal wellbeing.

IMCO is committed to providing accommodation for people with disabilities throughout the recruitment process. If you require support, please let us know and we will work with you to meet your needs. Artificial intelligence (AI) tools may be used to support parts of our recruitment process, such as screening and assessments. However, all hiring decisions are made by our recruitment team. Candidates being considered for this position will be required to undergo background screening.