2026 Summer - Actuarial Analyst (4-16 months)

RBC; Mississauga; On-site; CAD 60,000 - 80,000; Full time

Job summary

A leading Canadian bank is seeking an Actuarial Co-op Student in Mississauga. This position offers an excellent opportunity to gain hands-on experience in the insurance industry, focusing on pricing and valuation models among other actuarial tasks. Candidates should be pursuing a degree in a related field and demonstrate strong analytical and communication skills. The role includes collaboration with various teams and contributing to key business projects. Successful candidates will benefit from a supportive and inclusive work environment with opportunities for professional growth.

Benefits

Flexible work/life balance options

Coaching and mentoring opportunities

Dynamic and high-performing team environment

Qualifications

• Knowledge in programming languages including R, VBA, and SQL is beneficial.
• Previous experience with Moody's/GGY AXIS is advantageous.
• Completion of 2-3 CAS/SOA exams is preferred.

Responsibilities

• Create pricing and valuation models for complex products.
• Collaborate with actuarial and non-actuarial teams.
• Conduct monthly/quarterly valuation reporting.

Skills

Knowledge of MS Office Suite

Solid technical and analytical skills

Strong written and verbal communication skills

Highly motivated self-starter

Education

Pursuing a university degree in Actuarial Science, Finance, Statistics, or Mathematics

Tools

AXIS

SQL

MS Excel

R

Job description

Job Description

Your application will be reviewed for consideration across multiple positions with responsibilities aligned to those described in this job posting.

Please upload your transcript and work term evaluation with your application.

What is the opportunity?

As an Actuarial Co‑op Student, you will receive an excellent opportunity to gain hands‑on experience with real‑world business problems, be challenged to resolve complex tasks, and receive valuable on‑the‑job training. This role will offer you an exciting opportunity to be part of the largest bank‑owned insurance company in Canada; you will apply, enhance, and develop experience and working knowledge to perform a combination of challenging tasks and operational assignments. RBC Insurance offers a very inclusive team that works cohesively together, which is integral to the success of continuing to grow all lines of business. We commit to formally structured access to leaders across our actuarial teams, and other business areas, to ensure you are learning all aspects of insurance and are prepared for a successful and rewarding career.

What will you do?

• Learn, influence, and innovate end‑to‑end aspects of the business ranging from sales to pricing and valuation to risk & capital. These roles will offer opportunities to gain exposures to all areas of business.
• Creating pricing and valuation models for complex and high‑impact products from an actuarial perspective including but not limited to asset strategy discussions with RBC Insurance Investment team and liability cash flow management with RBC Risk Management.
• Assist in validation of key assumptions, gathering and applying market competition, and using business insights to identify trends/opportunities.
• Using software like AXIS, R, SQL and MS Excel to produce and analyze results, communicate findings to respective stakeholders to obtain their approvals.
• Develop, maintain, and enhance new and existing tools to better streamline processes.
• Collaborate with fellow actuarial and non‑actuarial colleagues to achieve success.
• Conduct monthly/quarterly valuation reporting, and communicate results and findings to management.
• Model and analyze Special Quotes to better serve our clients’ needs.
• Support monthly/quarterly capital measurement analysis and reporting.

What do you need to succeed?

Must have

• Knowledge of MS Office Suite
• 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

• Pursuing a university degree in Actuarial Science, Finance, Statistics, or Mathematics
• Actuarial exposure/background
• 2-3 CAS/SOA exams completed
• Previous experience with Moody’s/GGY AXIS
• Knowledge of IFRS17, predictive analytics and Tableau are definite assets
• Programming experience in R, VBA and SQL

Please note

In order to be eligible for these student positions, you must either:

• Be returning back to school after the work term end‑date; or
• If you are not returning back to school (i.e. are graduating immediately after the work term), you must require the full work term as a mandatory component in order to graduate successfully.

What’s in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high‑performing team
• Flexible work/life balance options

Please note

This posting is for a 4, 8, 12 and 16 months Summer 2026 Student placement with a start date of May 2026. In order to be eligible for this 4‑month Student position, you must either:

• Be returning back to school after the work term end‑date; or
• If you are not returning back to school, you must require the full work term as a mandatory component in order to graduate successfully.

Eligibility

Please ensure that you meet these eligibility requirements before applying. Candidates who apply but are found to be ineligible are not able to be considered.

We encourage you to apply as soon as possible as we accept applications on a rolling basis, but please note that the formal application deadline is January 16, 2026. Should you be selected to progress, someone from our team will reach out directly to provide instructions on next steps. Otherwise, feel free to check for progress updates by logging in to your RBC profile. If the status has not changed, it denotes the fact that your application is still under review.

RBC is committed to supporting flexible work arrangements when and where available. The successful candidate for this role will be required to be located within Ontario for the duration of the work term. Details regarding the specific virtual, hybrid, and in‑office arrangements for this Integrated Learning/Co‑op position are to be discussed with the Hiring Manager.

ET26

Job Skills

• Communication
• Computer Literacy
• Detail‑Oriented
• Interpersonal Relationships
• Listening Effectively
• Personal Development
• Personal Initiative

Additional Job Details

Address: MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR, MISSISSAUGA

City: Mississauga

Country: Canada

Work hours/week: 37.5

Employment Type: Full time

Platform: INSURANCE

Job Type: Student/Co-op (Fixed Term)

Pay Type: Salaried

Posted Date: 2025-12-13

Application Deadline: 2026-01-18

Note

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

Inclusion and Equal Opportunity Employment

At 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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