Associate Director (Actuarial), Portfolio Manager, Annuities & Other Benefits

RBC; Mississauga; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading financial institution in Peel Region, Mississauga is seeking an Associate Director (Actuarial) to manage the valuation team for annuity portfolios. You will lead monthly financial reporting and support key actuarial studies. Candidates should have strong communication skills, be familiar with insurance modeling, and possess a degree in Actuarial Science. This role offers competitive pay, flexible work options, and a career development program.

Benefits

Flexible benefits

Work/life balance

Career development programs

Investment and retirement savings plans

Actuarial study program

Sophisticated software tools

Qualifications

• Familiarity with insurance product modeling, pricing, or valuation.
• 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.

Responsibilities

• Lead an actuarial valuation team for monthly results production.
• Collaborate with Finance team on manual journal entries.
• Improve and maintain the Earnings by Source statement.
• Conduct annual experience studies for portfolio analysis.

Skills

Actuarial Modeling

Actuarial Science

Actuarial Valuation

Insurance Finance

Education

Undergraduate degree in Actuarial Science or related discipline

Tools

GGY AXIS

Job description

Job Description

What is the opportunity? The Associate Director (Actuarial), Portfolio Manager, Annuities & Other Benefits leads the valuation team of Group Annuity (Pension Risk Transfer) portfolio and Individual Annuity portfolio as well as the portfolio of other benefits to perform financial reporting on monthly basis and support the creation of Appointed Actuary Report (AAR) every fiscal year. This role also leads the annual experience studies regarding its portfolios and supports the risk review of Group Annuity deal quotes. The role offers high visibility and the opportunity to work closely with senior leadership to shape future direction and priorities.

What will you do?

• Lead an actuarial valuation team to perform the production of results during every month-end close period.
• Collaborate with Finance team to design or fulfill the need to book manual journal entries.
• Improve and maintain the Earnings by Source statement to help explain financial results.
• Improve and maintain the CSM rollforward for the respective portfolios.
• Conduct and complete the annual experience studies to analyze the experience emergence of respective portfolios.
• Other ad-hoc related work as assigned by various stakeholders.

What will you need to succeed?

Must-have:

• Familiarity with insurance product modeling, pricing, or valuation
• 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

Nice-to-have:

• Fellow of Society of Actuaries (FSA) or close to FSA exam progress.
• Experience with GGY AXIS

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
• Flexible work/life balance options
• Actuarial study program
• Sophisticated RBCI software tools to boost your productivity

Job Skills

Actuarial Modeling, Actuarial Science, Actuarial Valuation, Insurance Finance and Actuarial Concepts

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.