Actuarial Associate - Individual Disability

RBC; Mississauga; Hybrid; CAD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking an Actuarial Associate to join their team in Mississauga. This exciting opportunity involves performing month-end valuations, analyzing earnings, and conducting actuarial studies for Individual Disability Insurance. The role offers a chance to contribute to IFRS17 reporting and mentor junior staff, fostering a collaborative environment. Ideal candidates will hold a degree in Actuarial Science or related fields and be pursuing their FSA/FCIA designation. Join a company that values diversity and innovation, and make a significant impact in the financial sector.

Qualifications

• Experience in actuarial work, particularly with IFRS17 reporting.
• Knowledge of IFRS17 and related actuarial reporting requirements.

Responsibilities

• Performing IFRS17 month-end valuations for Individual Disability.
• Analyzing earnings by source to explain key drivers of results.

Skills

Actuarial Modeling

Critical Thinking

Insurance Finance and Actuarial Concepts

Risk Analysis Management

Probability Theory

Education

Bachelor’s degree in Actuarial Science

Economics

Mathematics

Statistics

Tools

GGY Axis

Various coding languages

Job description

Job Summary

RBC Insurance is hiring for an Actuarial Associate, Individual Disability Insurance in Mississauga, Ontario. This role involves performing month-end valuations, earnings analysis, and experience studies for Individual Disability portfolio. The position also requires contributing to IFRS17 actuarial financial reporting and providing insights on emerging financial results.

Job Description

Key Responsibilities:

• Performing IFRS17 month-end valuations for Individual Disability
• Analyzing earnings by source to explain key drivers of results.
• Conducting actuarial experience studies and making recommendations to management.
• Contributing to IFRS17 actuarial financial reporting.
• Providing insights on emerging financial results and related metrics.
• Mentoring junior staff

Required Skills and Experience:

• Experience in actuarial work, particularly with IFRS17 reporting
• Knowledge of IFRS17 and related actuarial reporting requirements.
• Experience with actuarial experience studies and analysis.
• Strong analytical and problem-solving skills.
• Ability to mentor and develop staff.
• Experience with financial modeling and analysis

What do you need to succeed?

Must-have

• Bachelor’s degree (or greater) majoring in Actuarial Science or Business. Other relevant Majors (e.g. Economics, Mathematics, or Statistics) are acceptable if accompanied with demonstrated knowledge of Actuarial concepts.
• In pursuit of FSA/FCIA designation
• Knowledge of IFRS 17 standards, regulatory compliance requirements, and process controls.
• Ability and willingness to partner effectively with other actuarial leaders, as well as with leaders of other functional areas
• Ability to communicate effectively (both oral and written)
• Ability to deal with ambiguity, flexibility to adapt to change and prioritize in a deadline oriented environment.

Nice-to-have

• GGY Axis
• Various coding language

#LI-Post
#LI-Hybrid

Job Skills

Actuarial Modeling, Actuarial Services, Critical Thinking, Industry Knowledge, Insurance Finance and Actuarial Concepts, Multi-Level Communication, Probability Theory, Risk Analysis Management, Risk Management, System Applications

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:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-05-01

Application Deadline:

2025-05-16

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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