Associate Director, Group Annuity Pricing

RBC Insurance; Mississauga; On-site; CAD 95,000 - 145,000; Full time

Job summary

RBC Insurance is seeking a senior leader to drive strategic excellence in Canadian group annuity pricing. You will shape pricing strategy, develop next-generation tools, and guide cross-functional teams to deliver measurable business impact.

You will mentor actuarial staff, lead high-performing teams, and collaborate with internal/external stakeholders to stay ahead of market trends and technologies.

Qualifications

• Bachelor's degree in actuarial science, mathematics, statistics, finance, or accounting.
• FSA/FCIA designation or ASA with equivalent education and experience.
• 10+ years of life insurance and/or reinsurance experience in pricing or product development.
• Strong actuarial modelling and technical skills, including proficiency with GGY Axis and DataLink, Power BI, and Microsoft Office.

Responsibilities

• Train, peer review, and mentor actuarial staff to ensure high-quality work product and professional development.
• Build and lead high-performing teams; establish ambitious goals and foster an inspiring, collaborative work environment.
• Meet sales and bottom-line targets while maintaining strong client relationships.
• Negotiate contracts with plan sponsors and consultants; drive enterprise connectivity initiatives.
• Develop and strengthen reinsurance partnerships and internal cross-functional relationships.
• Lead the development and implementation of innovative reinsurance pricing solutions for our group annuity block of business.

Skills

Actuarial modelling

Leadership

Pricing

Power BI

Office suite

Education

Bachelor's degree in actuarial science, mathematics, statistics, finance, or accounting

FSA/FCIA designation or ASA with equivalent education and experience

Tools

GGY Axis and DataLink

Power BI

MS Word, Excel, Access, Outlook

Job description

What is the opportunity?

The Group Annuity Pricing team is seeking an accomplished leader to drive strategic excellence and innovation across the Canadian group annuity pricing function. In this role, you will help shape pricing strategy, develop next-generation tools and processes that enhance business performance, and guide a collaborative approach to complex transactions with both our internal and external stakeholders. You will combine technical expertise with proven leadership capabilities to inspire teams, drive continuous improvement, and deliver measurable business impact. This is an opportunity to influence key decisions, accelerate organizational capabilities, and position the team for success in the group annuity business.

• Train, peer review, and mentor actuarial staff to ensure high-quality work product and professional development
• Build and lead high-performing teams; establish ambitious goals and foster an inspiring, collaborative work environment

Job Description

The Group Annuity Pricing team is seeking an accomplished leader to drive strategic excellence and innovation across the Canadian group annuity pricing function. In this role, you will help shape pricing strategy, develop next-generation tools and processes that enhance business performance, and guide a collaborative approach to complex transactions with both our internal and external stakeholders. You will combine technical expertise with proven leadership capabilities to inspire teams, drive continuous improvement, and deliver measurable business impact. This is an opportunity to influence key decisions, accelerate organizational capabilities, and position the team for success in the group annuity business.

People Leadership

• Train, peer review, and mentor actuarial staff to ensure high-quality work product and professional development
• Build and lead high-performing teams; establish ambitious goals and foster an inspiring, collaborative work environment

Business Development

• Meet sales and bottom-line targets while maintaining strong client relationships
• Negotiate contracts with plan sponsors and consultants; drive enterprise connectivity initiatives

Client Relationship Management

• Develop and strengthen reinsurance partnerships and internal cross-functional relationships
• Support the Operations team in the proper administration of placed deals
• Collaborate with RBC legal counsel on contract terms, business procedures, and policy development

Strategic Initiatives

• Lead the development and implementation of innovative reinsurance pricing solutions for our group annuity block of business
• Oversee contracting, negotiations, and cross-functional coordination with Risk and Operations partners to ensure successful transaction implementation
• Contribute to strategic planning and explore emerging technologies, including AI-driven tools, to enhance our offerings

Pricing & Market Expertise

• Lead group annuity pricing transactions from conception through execution
• Stay current with global longevity trends through research, industry webcasts, and market analysis

What will you need to succeed?

Must Have

• Bachelor's degree in actuarial science, mathematics, statistics, finance, or accounting
• FSA/FCIA designation or ASA with equivalent combined education and experience
• 10+ years of life insurance and/or reinsurance experience in pricing or product development
• Strong actuarial modelling and technical skills, including proficiency with:
• GGY Axis and DataLink
• Power BI
• MS Word, Excel, Access, and Outlook
• Exceptional time management and organizational skills, with a proven ability to prioritize complex tasks, meet deadlines, and drive efficiency in fast-paced environments
• Advanced written and verbal communication skills, including the ability to articulate technical concepts clearly, draft precise documentation, and collaborate effectively across diverse teams and stakeholders
• Superior customer service skills and demonstrated ability to work effectively as a team player
• Ability to synthesize complex market and business data for strategic decision-making

Nice to Have

• Knowledge of Group Annuity, Reinsurance, and/or IFRS17
• Prior experience with mortality studies and strong understanding of mortality trends
• Predictive analytics knowledge
• Experience managing staff
• Experience with AI tools and pricing technology development
• Familiarity with longevity risk and reinsurance market dynamics
• Previous exposure to strategic initiatives and business development
• Experience presenting to senior management and external stakeholders

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
• RBCI software tools to boost your productivity

RBC is an organization that succeeds by bringing out the best in its people. You’ll be part of a supportive, inclusive team that shares common values – including a fundamental respect for each other. At the heart of this is a commitment to diversity. RBC respects and responds to the many competing and evolving priorities in our lives – so you can focus on what you can do best – putting clients first.

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: INSURANCE
• Job Type: Regular
• Pay Type: Salaried
• Posted Date: 2026-06-22
• Application Deadline: 2026-09-04

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above.

Compensation for this position (including salary and discretionary/variable payments) will be determined by factors, including but not limited to candidate's experience, skills, registration status, performance, individual goals, market conditions, and business needs.

Pay Range

The expected pay range for this position is:

$95,000.00 - $145,000.00

The pay range provided is for the primary work location referenced in the Additional Job Details section of this job posting. Pay ranges may differ based on location. If the posting lists multiple job locations, a recruiter can confirm availability of the role and the relevant pay rage for the additional locations listed. RBC supports pay transparency and we strive to ensure all pay ranges are competitive, fair, and equitable.

You have the potential to earn RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided that business meets its performance targets and you meet your individual goals.

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.