Actuarial Associate Director

Job title:

Actuarial Associate Director

Company

Royal Bank of Canada

Job description

Job SummaryJob DescriptionWhat is the opportunity?The Associate Director will be responsible for leading the actuarial and risk management functions for the reinsurance product lines through timely and effective financial reporting, valuation of policy liabilities, and risk management. The role also involves mentoring and developing staff.What will you do?The role will cover various areas of the management of the international insurance business within RBC and there is some scope to shape the balance of the role between the following areas:

• Leading annual mortality and other experience studies to identify and interpret emerging trends and propose new assumptions for valuation and actionable items to facilitate sustainable profitability for the business.

• Leading risk governance and oversight, support annual update of risk appetite and delegated authority, and ensure top and emerging risks remain within risk appetite through frequent monitoring.

• Contributing to actuarial financial reporting to ensure effective completion of all annual, quarterly and monthly actuarial processes including but not limited to valuation and Appointed Actuary Report. In addition, provide the business with implications of emerging financial results and related metrics for mortality, mortality improvement, expense and economic drivers.

• Contributing as needed to the valuation modelling with maintaining/ updating/ validating Moody’s AXIS valuation models for monthly reporting, assumption updates, model enhancements and coordination with regression testing.

• Work closely with the business and other functional partners on strategic projects and tactical actions including business planning and forecasting.

What will you need to succeed?

• Fellow of the Society of Actuaries and/or Canadian Institute of Actuaries or equivalent foreign designation

• 5 to 10 years of experience within the life insurance industry

• Experience in life retrocession and longevity reinsurance product lines is an asset

• Leadership skills to engage team and effective communication skills to explain technical issues in a simple way

• Strong analytical and technical skills to review work and challenge results. Familiarity with AXIS is an asset.

• Knowledge of life insurance standards of practice, reserving principles, insurance accounting, product design and administration, pricing framework, capital regime, and regulatory compliance guidelines and IFRS 17

• Ability to juggle multiple priorities, deal with ambiguity and manage workloads

Special ConditionsThere is a preference for a candidate who meets the job requirements and is willing to work in Cayman Islands. Suitable candidates who prefer working in Mississauga are also welcome to apply.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, Actuarial Services, Critical Thinking, Industry Knowledge, 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: 2024-11-05Application Deadline: 2024-11-28Note: 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, 07 Nov 2024 01:55:17 GMT

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