Associate, Financial Reporting (CSM)

Job Summary

Job Description

What is the opportunity?

The Financial Reporting team (CSM) within Corporate Actuarial plays a critical role in supporting CSM (Contractual Service Margin) reporting across all lines of RBC Insurance’s business. As the Associate, you will support the team on financial reporting functions with the focus on CSM, ensuring timely and accurate analysis and compliance with regulatory requirements.

What will you do?

Strategic leadership and team management

• Lead a high-performing financial reporting team to ensure accurate and timely CSM (Contractual Service Margin) production for all RBC Insurance product lines.
• Oversee month-end, quarter-end, and year-end closing processes, resolving complex discrepancies in financial data to meet strict deadlines.
• Foster a culture of collaboration by partnering with cross-functional teams (Actuarial, Finance, IT, and Risk Management) to align CSM processes with organizational objectives.
• Coach and develop team members.

Regulatory disclosure and business insight

• Produce CSM disclosure reports, ensuring compliance with evolving regulatory standards.
• Develop executive-level dashboards and ad-hoc analyses to support strategic decision-making for internal stakeholders, leveraging tools like Dataiku or Tableau for data visualization.

Process optimization and reporting excellence

• Work with the IFRS 17 project team to identify system issues and enhance the CSM production process.
• Design and implement robust controls to improve the accuracy of CSM calculations and streamline workflows.

What do you need to succeed?

Must-have

• Bachelor’s degree (or greater) majoring in Actuarial Science or Business. Other relevant majors (e.g. Economics, Mathematics, or Statistics) are acceptable if accompanied by demonstrated knowledge of Actuarial concepts.
• In pursuit of FSA/FCIA and/or CFA designations.
• Knowledge of IFRS 17 standards, regulatory compliance requirements, and process controls.
• Ability and willingness to partner effectively with other actuarial leaders, as well as with leaders of other functional areas.
• General knowledge of Life Insurance law, underwriting principles, and life insurance taxation.
• Ability to communicate effectively (both oral and written).
• Ability to deal with ambiguity, flexibility to adapt to change, and prioritize in a deadline-oriented environment.

Nice-to-have

• GGY Axis.
• Various coding languages.

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: 2025-04-22

Application Deadline: 2025-05-07

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.