2027 Insurance – Winter, Valuation, Actuarial Co-op Student (4 – 8 months)

RBC; Toronto; On-site; CAD 36,000 - 48,000; Full time

Job summary

RBC Insurance seeks an Actuarial Co‑op Student to gain hands‑on experience in the life insurance arena while tackling real business challenges and receiving structured leadership access across actuarial teams.

You will apply, enhance, and develop experience in pricing, valuation, and capital discussions, collaborating with teams to deliver insights and value to clients and the organization.

Qualifications

• Pursuing a university degree in Actuarial Science, Finance, Statistics, or Mathematics.
• Solid MS Office and analytical capabilities with strong problem-solving.
• Strong written and verbal communication skills.
• Highly motivated self-starter and team player.
• Nice-to-have: CAS/SOA exams (1–3) completed.
• Prior actuarial exposure or familiarity with IFRS17 is an asset.

Responsibilities

• Learn and influence end-to-end pricing, modelling, valuation and capital processes.
• Create life pricing and valuation models for complex products with actuarial input.
• Validate key assumptions and apply market insights to identify trends.
• Use AXIS, R, SQL and MS Excel to analyze results and present findings.
• Develop and enhance tools to streamline actuarial workflows.
• Collaborate with actuarial and non-actuarial colleagues to drive results.
• Prepare monthly/quarterly valuation reporting and communicate outcomes to management.
• Model and analyze Special Quotes to better serve clients’ needs.
• Support capital measurement analysis and reporting on a monthly basis.

Skills

MS Office Suite

Analytical skills

Communication skills

Self-starter / Team player

Education

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

Job description

Job Description RBC Insurance, through its operating entities, provides a wide range of travel, life, health, home, auto, wealth, and insurance products and solutions. It also offers creditor and business reinsurance services to both individual and group clients. We are one of the largest insurance companies within a Canadian bank and among the fastest-growing insurance organizations in the country. RBC Insurance employs more than 150 full‑time actuaries globally and is the brand name for the insurance operating entities of Royal Bank of Canada. This opportunity will offer you exposure to the life insurance industry.

Opportunity

As an Actuarial Co‑op Student, you will receive an excellent opportunity to gain hands‑on experience in the life insurance industry with real‑world business problems, be challenged to resolve complex tasks, and provided with 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 Pricing and Modeling to Valuation and Capital. These roles will offer opportunities to gain exposure to all areas of the life insurance business.
• Create life pricing and valuation models for complex and high‑impact products from an actuarial perspective, including but not limited to asset strategy discussions with the RBC Insurance Investment team and liability cash flow management with RBC Risk Management.
• Assist in validation of key assumptions, gathering and applying market competition insights, and using business insights to identify trends/opportunities.
• Use 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 and 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
• 1‑3 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

Eligibility

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

• Leaders who support your career development through coaching and networking opportunities
• Exam support offered through the Actuarial Study Program
• Work in a dynamic, collaborative, progressive, and high‑performing team
• Flexible work/life balance options

RBC Insurance is an organization that succeeds by bringing out the best in its people. You’ll be part of a supportive, inclusive team that shares common values – including a fundamental respect for each other. At the heart of this is a commitment to diversity. RBC respects and responds to the many competing and evolving priorities in our lives so you can focus on what you can do best: putting clients first.

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.

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/Coop (Fixed Term)

Pay Type: Salaried

Posted Date: 2026-08-25

Application Deadline: 2026-09-23