Royal Bank of Canada
Job title:
Associate Director – Non-Par Individual Life Pricing
Company
Royal Bank of Canada
Job description
Job SummaryJob DescriptionWhat is the opportunity?Join our Individual Pricing team as an Associate Director, where you will take a lead role in pricing and optimizing products like Term and Universal Life. This position offers the chance to apply your actuarial expertise to shape sustainable and competitive product solutions in a dynamic market. Work closely with cross-functional teams and contribute to meaningful projects that directly impact business growth.What will you do?
- Lead the development and pricing of Non-Par Individual Life products, ensuring alignment with company objectives.
- Work as one Pricing team, lead various initiatives and projects for other product lines as required
- Conduct profitability analysis, sensitivity testing and risk assessments to support strategic decision-making
- Manage projects related to product pricing, ensuring deliverables are met and expectations are effectively communicated
- Collaborate with product development, Valuation, underwriting to design competitive product offerings
- Monitor industry trends and emerging risks to inform product innovation and development
- Provide guidance and mentorship to junior team members, fostering their professional growth
What will you need to succeed?Must have:
- Bachelor’s Degree in Actuarial Science, Mathematics, Statistics or a relevant fields and actively writing actuarial exams
- Minimum 5 years of actuarial work experience in Pricing, Product development, or related fields
- Ability to explain complex actuarial concepts and solutions to non-technical stakeholders clearly and effectively
- Strong understanding of living benefits products, including critical illness and disability insurance
- Knowledge of regulatory frameworks and financial reporting standards, such as IFRS 17, and LICAT
- Familiarity with actuarial valuation, pricing methodologies, and insurance assumptions
Nice to have:
- FSA Designation
- Proficiency in programming languages (e.g., VBA)
- Proficiency in actuarial modeling software (e.g., Moody AXIS)
- Familiarity with reinsurance and risk management practices
- Demonstrated leadership and mentorship experience in managing or supporting a team
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, Coaching Others, Customer Success, Industry Knowledge, Insurance Finance and Actuarial Concepts, 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: 2025-03-20Application Deadline: 2025-04-12Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion and Equal Opportunity EmploymentAt RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.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
Sat, 22 Mar 2025 02:48:27 GMT
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