Actuarial Associate, Individual Life Valuation

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

Job summary

A leading financial institution is seeking an Actuarial Analyst to support actuarial and risk management functions for individual life products. The role involves data analysis, regulatory support, and collaboration with various teams. Candidates should possess a strong actuarial background with relevant experience and skills in actuarial tools. This position offers competitive pay, flexible work options, and opportunities for professional growth.

Benefits

Flexible benefits

Work/life balance

Career development programs

Investment and retirement savings plans

Competitive pay

Qualifications

• 3+ years of actuarial/insurance experience required.
• ASA with 6 or more actuarial exams is required.

Responsibilities

• Support actuarial and risk management functions for life products.
• Prepare and interpret actuarial or financial reports.
• Participate in product development and pricing projects.

Skills

Actuarial Modeling

Critical Thinking

Insurance Finance and Actuarial Concepts

Risk Management

Education

Bachelor’s degree in Actuarial Science

Business

Economics

Mathematics

Statistics

Tools

GGY AXIS

MS Excel

Power BI

R

Tableau

Job description

Job Summary

Responsible for supporting actuarial and risk management functions for individual life non-participating products.

Job Description

What is your opportunity?

You will be responsible for supporting actuarial and risk management functions for individual life non-participating products.

What will you do?

• Supporting and enhancing the actuarial and risk management functions for individual life non-participating products. This includes support for month-end valuation and reporting, mortality studies and actuarial modelling.

• Working with the business and other functional partners on strategic projects and tactical actions, and assist these areas in achieving their goals

• Support regulatory changes, for example, IFRS 17 enhancements.

• Preparing, distributing and helping interpret actuarial or financial reports for internal and external use.

• Participating in projects involving product development, pricing, reserving and reinsurance issues.

• Gathering and analyzing relevant data from a variety of sources using multiple actuarial tools and techniques.

• Assisting in implementing policies and practices for the design and pricing of insurance financial products.

What will 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

• ASA with 6 or more actuarial exams is required

• Actuarial/insurance experience of 3 or more years with demonstrated knowledge of professional standards of practice, the legislative environment and industry best-practices

• 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-Haves:

• Working experience with Power BI, R or Tableau

• Experience working with teams across different platforms

What's in it for you?

• A Total Rewards program that includes flexible benefits, work/life balance and career development programs and investment and retirement savings plans

• Competitive pay and high-earning potential

• All the tools, training, and team support you need to grow your career

• Flexible work/life balance options

• Sophisticated RBCI software tools to boost your productivity

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:

2025-05-13

Application Deadline:

2025-05-28

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.

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.