Royal Bank of Canada
Job title:
Actuarial Analyst
Company
Royal Bank of Canada
Job description
Job SummaryJob DescriptionWhat is the opportunity?This role is accountable developing, pricing, monitoring, and preserving the integrity of the profitability of our Life, Health, and Wealth products. This position supports the attainment of our strategic objectives, including the growth of new lines of business, and greatly influences the brand reputation for RBC Insurance Company.What will you do?
- Perform pricing and product development of Life, Health, and Wealth insurance products, including Term, Universal Life, Disability, Critical Illness, Participating Whole Life, Payout Annuity, Segregated Fund, and other products. Analyze product profitability, sensitivity, and risk metrics to support strategic decision-making
- Prepare documentation and reports to communicate findings, assumptions, and recommendations effectively
- Conduct analysis and coordinate approvals for Life, Health, and Wealth products’ special quotes
- Perform model vetting of the Life, Health, and Wealth pricing models
- Collaborate with and influence internal business partners, including valuation, product management, project management, corporate underwriting, new business operations, customer service, sales, and finance
- Participate in automation and process improvement initiatives to enhance efficiency and accuracy in pricing workflows
What will you need to succeed?Must Have:
- Passed a minimum of 4 actuarial exams, and actively pursuing the FSA/FCIA designation
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a relevant field. At minimum 1 year of work experience in an actuarial role
- Ideal candidates have a strong desire to set and exceed challenging goals with high energy and a drive for superior results
- Successful candidates will demonstrate excellent communication skills with the ability to effectively influence others as well as present issues, options, and recommendations to both technical and non-technical audiences
- Experience with Moody’s Analytics AXIS, and strong working knowledge of MS Excel
- Ability to work well in a team and individually
Nice to Have:
- Familiarity with actuarial pricing and valuation methodologies
- Understanding of key regulatory frameworks (i.e., IFRS17, LICAT, etc.)
- Proficiency in programming languages (i.e., VBA, R, etc.)
What’s in it for you?
- A Total Rewards program that includes flexible benefits, work/life balance and career development programs and investment and retirement savings plans
- Competitive pay and high-earning potential
- All the tools, training, and team support you need to grow your career
- Flexible work/life balance options
- Sophisticated RBCI software tools to boost your productivity
Job Skills Actuarial Modeling, Critical Thinking, Insurance Finance and Actuarial Concepts, Multi-Level Communication, Probability Theory, Risk Analysis Management, Risk Management, System ApplicationsAdditional Job DetailsAddress: MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR:MISSISSAUGACity: MISSISSAUGACountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: INSURANCEJob Type: RegularPay Type: SalariedPosted Date: 2025-03-18Application Deadline: 2025-04-09Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion and Equal Opportunity EmploymentAt RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at .
Expected salary
Location
Mississauga, ON
Job date
Thu, 20 Mar 2025 01:18:58 GMT
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