Actuarial Analyst

RBC; Mississauga; On-site; CAD 70,000 - 90,000; Full time

Job summary

A major banking institution in Mississauga is seeking a candidate for an actuarial role within their risk management team. The position involves supporting actuarial functions for individual living benefits products, performing valuations, and collaborating with finance and audit teams. The ideal candidate will possess a relevant bachelor's degree, strong analytical skills, and experience with GGY AXIS and Excel. Opportunities for professional development and flexible benefits are part of the role.

Benefits

Competitive compensation

Flexible benefits

Opportunities for professional development

Qualifications

• 3 or more actuarial exams is required.
• Strong working experience with GGY AXIS and MS Excel.
• Prior knowledge with living benefits products is an asset.

Responsibilities

• Support actuarial and risk management functions for living benefits products.
• Perform monthly valuation of living benefits liabilities under IFRS17.
• Conduct experience studies related to lapse, morbidity, etc.

Skills

Analytical and problem solving skills

Innovative thinker

Communication skills (technical and non-technical)

Education

Bachelor’s degree in Actuarial Science or relevant major

Tools

GGY AXIS

MS Excel

Power BI

R

Tableau

Job description

Job Description

What is the opportunity?

You will be responsible for supporting actuarial and risk management functions for individual living benefits products.

What will you do?

Month-end Valuation and Reporting

• Perform monthly valuation of living benefits liabilities under IFRS17 framework
• Prepare and validate fulfillment cashflow calculation, roll-forwards and reconciliations
• Analyze results and provide clear explanation for key movement and trends
• Assist in preparing management reports and supporting audit and review process

Experience Studies and Assumption Management

• Conduct experience studies related to lapse, morbidity etc
• Analyze emerging experience to inform assumption setting and management decision
• Collaborate with modeling and pricing teams to ensure consistency of assumptions across functions

Cross-functional Collaboration

• Work with finance, risk and audit teams to ensure data accuracy and model transparency
• Provide actuarial insights for strategic initiatives and regulatory reporting

What do 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
• 3 or more actuarial exams is required
• 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
• Prior knowledge with living benefits products is an asset

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.

• A comprehensive Total Rewards Program include competitive compensation and flexible benefits
• 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
• Opportunities to do challenging work
• Opportunities to build close relationships with clients

You have the potential to earn more through RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

• Drives RBC’s high-performance culture
• Enables collective achievement of our strategic goals
• Generates sustainable shareholder returns and above market shareholder value

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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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.