Associate Director, Individual Pricing

RBC; Mississauga; On-site; CAD 80,000 - 110,000; Full time

Job summary

An established industry player is seeking a driven actuarial professional to lead reinsurance strategy for life and health products. This role is pivotal in ensuring profitability and enhancing brand reputation while collaborating with various internal and external partners. The ideal candidate will possess a strong actuarial background, excellent communication skills, and a desire to exceed challenging goals. Join a supportive and inclusive team that values diversity and offers flexible work-life balance options, competitive pay, and comprehensive career development programs.

Benefits

Flexible benefits

Career development programs

Investment and retirement savings plans

Work/life balance options

Sophisticated software tools

Qualifications

• 5 to 7 years of actuarial experience required.
• Strong communication skills to influence technical and non-technical audiences.

Responsibilities

• Negotiate reinsurance treaties and monitor business cost value propositions.
• Collaborate with internal business partners to enhance reinsurance setup.

Skills

Actuarial Modeling

Risk Management

Insurance Finance and Actuarial Concepts

Probability Theory

Customer Success

Coaching Others

Industry Knowledge

Risk Analysis Management

System Applications

Education

Bachelor’s Degree in Actuarial Science

FSA/FCIA designation

Tools

MS Excel

MS Word

MS PowerPoint

GGY AXIS

Job description

Job Summary

Leads in analyzing, evaluating and creating programs to appropriately address all areas of financial risk. Typically manages 2 or more specialized departments comprised of supervisors, managers, professionals, and/or large numbers of operational support employees.

Job Description

What is the opportunity?

This role is accountable for the reinsurance strategy and supporting the pricing, monitoring, and preserving the integrity of the profitability of our individual life and health products. This position supports the attainment of our strategic objectives, including the growth of new lines of business, and greatly influences the brand reputation for RBC Insurance Company.

What will you do?

• Responsible for new reinsurance treaty negotiation and strategy across individual life and living benefits products as well as monitoring of new business cost value proposition

• Serve as the key contact with internal & external reinsurance partners, including any pilots or new proposals the company may consider

• Responsible for the oversight and enhancement of the accelerated underwriting monitoring program for life products

• Collaborate with and influence internal business partners, including valuation, product, project management, underwriting, new business operations, customer service, sales and finance

• Identify and recommend areas of enhancements on new business reinsurance setup. Partner with appropriate stakeholders during implementation

What will you need to succeed?

Must Have:

• Preference will be given to candidates who have achieved their FSA/FCIA designation

• Bachelor’s Degree in Actuarial Science, Mathematics, or Statistics

• Minimum 5 to 7 years of actuarial experience

• Ideal candidates have a strong desire to set and exceed challenging goals with high energy and a drive for superior results

• Successful candidates will demonstrate excellent communication skills with the ability to effectively influence others as well as present issues, options and recommendations to both technical and non-technical audiences

• Excellent working knowledge of MS Excel and proficient in MS Word & PowerPoint

• Excellent working knowledge of GGY AXIS

Nice to Have:

• Familiarity with actuarial pricing, or actuarial reinsurance

• Self-motivated with excellent problem-solving skills & proven outside-the-box thinking

• Understanding of key regulatory frameworks (i.e., IFRS17, LICAT, etc.)

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

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.

Job Skills

Actuarial Modeling, Actuarial Services, Coaching Others, Customer Success, Industry Knowledge, Insurance Finance and Actuarial Concepts, 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:

2025-05-06

Application Deadline:

2025-05-23

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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