Actuarial Software Engineer II - Associate

About the Role

iCapital is seeking a strong Actuarial Software Engineer to design, develop, and maintain the business calculation layer powering insurance illustration, quoting, and sales platforms. This role focuses on translating complex product rules, financial and actuarial calculations, business requirements, and spreadsheet-based models into scalable, high-performance .NET applications, APIs, and services.

Responsibilities

• Design, develop, and maintain complex business calculation engines and services using C# and .NET.
• Translate business requirements, product specifications, formulas, and spreadsheet-based calculation models into scalable, maintainable software solutions.
• Build and enhance APIs and backend services that power insurance illustration, quoting, and product platforms.
• Ensure calculations are accurate, performant, auditable, and aligned with product requirements.
• Apply strong object-oriented design principles, design patterns, and .NET architectural best practices.
• Develop comprehensive unit tests and support automated testing to ensure calculation integrity and system reliability.
• Analyze, debug, and resolve complex business logic and application issues.
• Collaborate with product, actuarial, QA, and engineering teams to understand requirements and deliver high-quality solutions.
• Create and maintain clear technical documentation for calculation logic, system design, and implementation details.
• Provide accurate effort estimates and take ownership of deliverables through design, development, testing, and deployment.
• Participate in Agile development processes and contribute to continuous improvement initiatives.

Qualifications

• 3+ years of professional software development experience
• Strong proficiency in C# and the .NET ecosystem
• Strong back-end development experience having implemented business logic
• Strong understanding of object-oriented design, SOLID principles, and design patterns
• Experience with SQL databases (SQL Server preferred), including query optimization, data modeling, and performance considerations
• Hands-on experience with Excel
• Familiar with Agile and Scrum development
• Experience using Git and Azure DevOps, JIRA, or similar tools
• Strong debugging, problem-solving, and analytical skills
• Comfort working across global teams
• Strong attention to detail, especially around financial accuracy
• Willingness to continuously learn insurance domain knowledge and modern engineering practices
• Familiar with performance optimization techniques, including caching and asynchronous processing
• Knowledge of application security, data protection best practices
• Experience with ASP.NET and .NET Core, Web APIs, and service-oriented architecture is nice to have.
• CI/CD pipeline experience is nice to have
• Experience building or supporting insurance illustration or actuarial systems nice to have
• Able to interpret and validate financial and actuarial calculations is nice to have
• Exposure to annuity, life insurance, retirement products, entity framework or similar ORMs nice to have
• Able to bridge actuarial logic and software engineering highly preferred

Benefits

The base salary range for this role is $80,000 to $100,000 CAD. iCapital offers a compensation package which includes salary, equity for all full-time employees, and an annual performance bonus. Employees also receive a comprehensive benefits package that includes an employer matched retirement plan, generously subsidized healthcare with 100% employer paid dental, vision, telemedicine, and virtual mental health counseling, parental leave, and unlimited paid time off (PTO).

We believe the best ideas and innovation happen when we are together. Employees in this role will work in the office Monday-Thursday, with the flexibility to work remotely on Friday. This role is based in our Toronto, ON office.

For additional information on iCapital, please visit https://www.icapitalnetwork.com/about-us X: @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc | Awards Disclaimer: https://www.icapitalnetwork.com/about-us/recognition/

iCapital is proud to be an Equal Employment Opportunity and Affirmative Action employer. We do not discriminate based upon race, religion, color, national origin, gender, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.