Royal Bank of Canada
Job title:
Director, Individual Non-Participating Life Products
Company
Royal Bank of Canada
Job description
Job SummaryJob DescriptionWhat is the opportunity?In this opportunity, you will be responsible for end to end portfolio management of individual Renewable Term, Universal Life and Non-Participating Whole Life business, with an end vision to increase the business unit’s awareness, knowledge, and understanding of our financials and the metrics that drive our business success in order to facilitate data-driven decision making and management actions, the impact of which should be to engineer the company towards profitable growth & cost effectiveness, and to ensure achievement of financial goals.What will you do?
- Lead and enhance annual experience study including participating in industry studies. Streamline the study process, interpret emerging results, and propose new assumptions for valuation and actionable items for the business. Comply with SoX controls and EUC requirements.
- Review and enhance actuarial financial reporting for the individual non-participating life business, including but not limited to: Month-end/Quarter-end process and AA Report. In addition, provide the business with implications of emerging financial results and related metrics, particularly earning by
sources (EBS), mortality, lapse, etc.
- Support risk governance and oversight, including annual update of risk appetite and risk control limits, and ensure top and emerging risks remain within risk appetite through frequent monitoring.
- Provide senior management and the business with in-depth analysis and understanding of emerging risks and action items.
- Work closely with the business and other functional partners on strategic projects and tactical actions, and assist these areas in achieving their goals.
- Manage a team of staff including providing focus and clarity in establishing individual goals, driving performance management, supporting career development and rewarding strong performance.
What will you need to succeed?
- Knowledge of a broad area of expertise (by product and by function) gained through 10+ years of directly or indirectly related work experience and training in Life
- Strong analytical and problem solving skills, with the ability to be an innovative thinker and understand the “big picture”
- Analytical skills, preferably actuarial designation (FSA/FCIA/CERA)
- Ability and willingness to partner effectively with other actuarial leaders, as well as with leaders of other functional areas
- Ability to see business issues from multiple angles, recognize “flags” that indicate a need for analysis and then communicate the analysis in a manner that is effective and understandable to the particular audience.
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, Multi-Level Communication, Probability Theory, Risk Analysis Management, Risk ManagementAdditional 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: 2025-02-18Application Deadline: 2025-03-12Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion and Equal Opportunity EmploymentAt RBC, we 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
Wed, 19 Feb 2025 23:27:58 GMT
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