Actuarial Associate - Living Benefits GRMI

rbc; Mississauga; On-site; CAD 75,000 - 110,000; Full time

Job summary

RBC in Mississauga is seeking an Actuarial Associate to support actuarial and risk management for individual living benefits products, including Disability, Critical Illness, and Long-Term Care. You will work on month-end valuation, experience studies, pricing and reserving, and regulatory changes (IFRS 17), collaborating with business partners to meet deadlines in a fast-paced environment.

The role requires an ASA with 6+ exams, a Bachelor’s in Actuarial Science, 3+ years of actuarial/insurance

Qualifications

• Bachelor's degree (or above) in Actuarial Science; other majors acceptable with actuarial knowledge
• ASA with 6+ actuarial exams required
• 3+ years actuarial/insurance experience with knowledge of standards and environment
• Strong analytical and problem-solving skills; able to think strategically
• High energy, results-oriented, capable of meeting tight deadlines
• Experience with GGY AXIS and MS Excel
• Excellent communication with technical and non-technical audiences
• Nice-to-Have: Power BI, R or Tableau

Responsibilities

• Support actuarial and risk management functions for individual living benefits products including Disability, Critical Illness, and Long Term Care.
• Assist month-end valuation, experience studies and actuarial modelling.
• Collaborate on strategic projects and regulatory changes (IFRS 17).
• Prepare and interpret actuarial or financial reports for internal and external use.
• Participate in pricing, reserving and reinsurance discussions.
• Gather and analyze data from multiple sources using actuarial tools.

Skills

Actuarial Modeling

Actuarial Services

Critical Thinking

Industry Knowledge

Insurance Finance and Actuarial

Multi-Level Communication

Probability Theory

Risk Analysis

Risk Management

System Applications

Education

Bachelor's degree in Actuarial Science

Tools

GGY AXIS

MS Excel

Job description

Job Description

What is your opportunity?

The Actuarial Associate will be responsible for supporting actuarial and risk management functions for individual living benefit products.

What will you do?

• Supporting and enhancing the actuarial and risk management functions for individual living benefits products including Disability, Critical illness, Long term Care products. This includes support for month-end valuation and reporting, experience studies and actuarial modelling.
• Working with the business and other functional partners on strategic projects and tactical actions, and assisting 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-Have.

• 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: 2026-10-14 Application Deadline: 2026-10-31 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.