2027 Winter - GRMI, Valuation Actuarial Analyst (4-8 Months)

0000050824 RBC Life Insurance Company; Mississauga; On-site; CAD 20,000 - 27,000; Full time

Job summary

RBC Insurance offers a hands-on Co-op opportunity in the life insurance space, exposing you to pricing, modeling, valuation, and capital management. You will work on asset strategies with the Investment team and liability cash flow management with Risk Management, using tools like AXIS, R, SQL, and Excel.

You will validate key assumptions, analyze market insights, and collaborate across actuarial and non-actuarial teams to deliver monthly and quarterly reporting.

Qualifications

• Must have knowledge of MS Office Suite.
• Strong written and verbal communication skills.
• Actuarial exposure/background 1-3 CAS/SOA exams completed.
• Knowledge of IFRS17, predictive analytics and Tableau are definite assets.
• Programming experience in R, VBA and SQL.

Responsibilities

• Learn, influence, and innovate end-to-end aspects of the business, from Pricing and Modeling to Valuation and Capital.
• Create life pricing and valuation models for complex life insurance products.
• Assist in validation of key assumptions and analyze market insights.
• Model and analyze Special Quotes to better serve clients.
• Support monthly/quarterly capital measurement and reporting.

Skills

Communication

Analytical skills

Self-starter

Team player

R

SQL

VBA

Tableau

Education

Actuarial Science degree pursuit

University degree in Actuarial Science/Finance/Statistics/Mathematics

Actuarial exams CAS/SOA completed 1-3

Tools

AXIS

R

SQL

MS Excel

VBA

Tableau

Moody's/GGY AXIS

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.

What is the 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

What’s in it for you?

• 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

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. 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.

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 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: 2026-08-26
• Application Deadline: 2026-09-23
• 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. Join our Talent Community Stay 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 jobs.rbc.com. Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 84,000+ employees who bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to more than 16 million clients in Canada, the U.S. and 34 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.