Actuarial Associate - Living Benefits GRMI

Royal Bank of Canada · Mississauga

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Job Description

What is your opportunity?

The Actuarial Associate will be responsible for supporting actuarial and risk management functions for individual living benefit products. 

What will you do?

• Supporting and enhancing the actuarial and risk management functions for individual living benefits products including Disability, Critical illness, Long term Care products. This includes support for month-end valuation and reporting, experience studies and actuarial modelling.
• Working with the business and other functional partners on strategic projects and tactical actions, and assisting these areas in achieving their goals
• Support regulatory changes, for example, IFRS 17 enhancements.
• Preparing, distributing and helping interpret actuarial or financial reports for internal and external use.
• Participating in projects involving product development, pricing, reserving and reinsurance issues.
• Gathering and analyzing relevant data from a variety of sources using multiple actuarial tools and techniques.
• Assisting in implementing policies and practices for the design and pricing of insurance financial products.

What will you need to succeed? 

Must Have:

• Bachelor’s degree (or above) majoring in Actuarial Science. Other relevant Majors (e.g. Business, Economics, Mathematics, or Statistics) are acceptable if accompanied with demonstrated knowledge of Actuarial concepts
• ASA with 6 or more actuarial exams is required
• Actuarial/insurance experience of 3 or more years with demonstrated knowledge of professional standards of practice, the legislative environment and industry best-practices
• Strong analytical and problem-solving skills, with the ability to be an innovative thinker and understand the "big picture"
• High energy, results-oriented self-starter with the ability to achieve under tight deadlines in a rewarding and fast-paced environment
• Strong working experience with GGY AXIS and MS Excel
• Ability to communicate clearly and concisely with both technical and non-technical audiences

Nice-to-Have:

• Working experience with Power BI, R or Tableau
• Experience working with teams across different platforms

 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

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Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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.

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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.

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