Actuarial Analyst

Job title:

Actuarial Analyst

Company

Royal Bank of Canada

Job description

Job Summary This role will be supporting the corporate actuarial and the capital management team. As a member of these teams, the candidate will get exposure to various actuarial tasks including experience studies, regulatory capital, financial reporting and many other projects.Job DescriptionWhat is the opportunity?This role will be supporting the corporate actuarial and the capital management team. As a member of these teams, the candidate will get exposure to various actuarial tasks including experience studies, regulatory capital, financial reporting and many other projects.What will you do?

• Support in LICAT quarterly capital reporting process and insurance stress testing (mainly FCT, EWST, and ORSA) as required. This usually include model runs, model improvements, data processing, and preliminary analysis of results.
• Provide technical support to the valuation teams as they complete actuarial reporting. This includes transitioning current processes from IFRS 4 to IFRS 17.
• Gathering and analyzing relevant data from a variety of sources using multiple actuarial tools and techniques.
• Run AXIS model and complete all output checks/reconciliations to ensure results are reasonable.
• Assist in completing experience studies and assumption setting.

Must Have:

• Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Finance or Accounting, and actively pursuing a SOA designation
• 1-3 years of actuarial experience in pricing, valuation or product development
• Knowledge of GGY Axis and DataLink, MS Word, Excel, Access and Outlook
• Solid technical and analytical skills with strong problem-solving ability
• Strong written and verbal communication skills
• Highly motivated self-starter and team player

Nice-to-Have:

• Knowledge of Tableau, SQL and Python
• Understanding of IFRS 17 standard and LICAT.

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 business and career
• Flexible work/life balance options
• Sophisticated RBCI software tools to boost your productivity and grow your business

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: GROUP RISK MANAGEMENTJob Type: RegularPay Type: SalariedPosted Date: 2024-03-20Application Deadline: 2024-03-31Inclusion 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

Fri, 22 Mar 2024 07:47:09 GMT

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