Associate Director (Actuarial), Par Inforce Management

RBC; Mississauga; On-site; CAD 100,000 - 130,000; Full time

Job summary

A leading financial institution in Mississauga is seeking an Associate Director (Actuarial) for Par Inforce Management. This role involves leading the inforce management team, conducting experience studies, and collaborating with senior leadership to guide future strategies. Ideal candidates will have over five years of experience, strong communication skills, and familiarity with GGY AXIS.

Benefits

Flexible benefits

Competitive pay and high-earning potential

Career development programs

Qualifications

• 5+ years actuarial experience within life insurance industry.
• Solid understanding of PAR products and related actuarial considerations.
• Excellent written and verbal communication skills.

Responsibilities

• Review and refresh the IFRS17 reporting of PAR products.
• Track the experience gains and losses and recommend changes.
• Lead the team to produce PAR surplus projection.

Skills

Actuarial Modeling

Critical Thinking

Probability Theory

Risk Analysis Management

Multi-Level Communication

Education

Undergraduate degree in Actuarial Science or related discipline

Fellow of Society of Actuaries (FSA) or close to FSA exam progress

Tools

GGY AXIS

Job description

Job Summary

Job Description

Job Description

What is the opportunity?

The Associate Director (Actuarial), Par Inforce Management leads the Par Inforce Management team to take initiatives to understand the inforce experience of PAR products. This role supports various deep-dive investigations, collaborates cross-functionally to resolve complex product issues, in the meantime, this role will lead the experience study of PAR products to review various actuarial assumptions. The role offers high visibility and the opportunity to work closely with senior leadership to shape future direction and priorities.

What will you do?

• Review and refresh the IFRS17 reporting of PAR products. Validate the CSM/Loss Component balance.
• Enhance the Earnings by Source (EBS) statement by modernizing the data model behind.
• Track the experience gains and losses and make recommendation on corresponding dividend scale changes.
• Coordinate with Capital Management team to streamline the LICAT reporting of PAR products
• Lead the team to produce PAR surplus projection, help with review of PAR account financials and support business decision making.
• Conduct experience study to support various assumptions review.
• Other ad-hoc related work as assigned by the team.

What will you need to succeed?

Must-have:

• 5+ years Actuarial experience within Life insurance industry.
• Creativity and dedication to create something from scratch.
• Experience with GGY AXIS and familiarity with insurance product modeling, pricing, or valuation
• Solid understanding of PAR products and related actuarial considerations
• Excellent written and verbal communication skills to convey technical results to non-technical audiences
• Proven ability to collaborate in a team environment and manage competing priorities
• Undergraduate degree in Actuarial Science or a related discipline
• Fellow of Society of Actuaries (FSA) or close to FSA exam progress.

Nice-to-have:

• Strong understanding of data modeling (ETL), familiarity with different database UI.

What's in it for you?

We thrive on the challenge to be our best, thinking progressively 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 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

• Study program for pursuing the actuarial credential

• Flexible work/life balance options

• Sophisticated RBCI software tools to boost your productivity

RBC is committed to supporting flexible work arrangements when and where available. Details to be discussed with Hiring Manager.

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:

2025-07-29

Application Deadline:

2025-08-12

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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