2027 Winter - GRMI, Valuation Actuarial Analyst (4-16 months)

RBC

Mississauga

On-site

CAD 14,000 - 28,000

Full time

14 days+

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Job summary

RBC is seeking an Actuarial Co-op Student in Mississauga, Ontario, for a 4/8‑month Winter 2027 placement. You will gain hands-on experience across sales, pricing, and valuation, applying actuarial methods to real business problems and collaborating with Investment and Risk teams.

The role emphasizes modeling with AXIS, R, and SQL, along with maintaining and enhancing tools, while developing professional skills in a collaborative environment.

Qualifications

Knowledge of MS Office Suite and strong analytical skills.
Strong written and verbal communication abilities.
Self-motivated team player with initiative.

Responsibilities

Learn end-to-end pricing and valuation aspects of the business.
Create pricing and valuation models for complex products.
Assist in validation of key assumptions and market trends.
Utilize AXIS, R, SQL, and Excel to produce analyses.
Develop and enhance tools to streamline processes.
Collaborate with actuarial and non-actuarial colleagues, report monthly findings.

Skills

MS Office Suite

Analytical skills

Written and verbal communication

Team player

Education

Pursuing university degree in Actuarial Science/Finance/Statistics/Math

2-3 CAS/SOA exams completed

Actuarial exposure/background

Tools

AXIS

SQL

Excel

VBA

Job description

Application Process

Application Process: Please read following directions carefully and submit required documents in format outlined below.
Submit your resume, academic transcripts (either unofficial or official), and work evaluation form (if applicable) in one PDF document under the resume section online. If you are not able to obtain unofficial transcripts by this deadline, please add a page at end of application and list the earliest month they would be made available by your academic institution.

Job Description

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 resolved complex tasks, and provided with valuable on‑the‑job trainings. 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.

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
Programing experience in R, VBA and SQL

Please note:

This posting is for a 4/8-months Winter 2027 Student placement with a start date of January 2027, and end date of April/August 2027. In order to be eligible for this 4/8-months Student position, you must either:

Be returning back to school after the work term end-date of April/August 2027 ; or
If you are not returning back to school (i.e. are graduating in April/August 2027), you must require the full 4/8-months work term as a mandatory component to in order to graduate successfully.

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 September 20, 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.

ET27

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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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