Fall 2025 - Actuarial Analyst (4-16 months)

RBC; Mississauga; On-site; CAD 60,000 - 80,000; Full time

Job summary

Join RBC Insurance as an Actuarial Co-op Student, where you'll engage in real-world business challenges and collaborate with experienced professionals. This role offers you the chance to develop and enhance your skills in a supportive and inclusive environment. You'll work on pricing models, risk assessments, and various operational tasks while gaining significant industry exposure in Canada’s largest bank-owned insurance company.

Benefits

Flexible work/life balance options

Leaders who support your development

Ability to make a lasting impact

Work in a dynamic, collaborative team

Qualifications

• Knowledge of MS Office Suite.
• Solid technical and analytical skills with strong problem-solving ability.
• Strong written and verbal communication skills.

Responsibilities

• Learn and contribute to pricing and valuation models.
• Assist in validation of key assumptions and market competition.
• Collaborate with teams to achieve successful outcomes.

Skills

Communication

Computer Literacy

Detail-Oriented

Interpersonal Relationships

Listening Effectively

Personal Development

Personal Initiative

Education

University degree in Actuarial Science, Finance, Statistics, or Mathematics

Job description

Job Summary

RBC Insurance, through its operating entities, provides a wide range of travel, life, health, home, auto, wealth and insurance products and solutions. Also, it offers creditor and business reinsurance services to both individual and group clients. We are one of the largest insurance companies within a Canadian bank and among the fastest growing insurance organizations in the country. RBC Insurance employs more than 3,200 employees around the globe and is the brand name for the insurance operating entities of Royal Bank of Canada.

Job Description

Your application will be reviewed for consideration across multiple positions with responsibilities aligned to those described in this job posting.

Please upload your transcript and work term evaluation with your application.

What is the opportunity?
As an Actuarial Co-op Student, you will receive an excellent opportunity to gain hands-on experience with real-world business problems, be challenged to resolved complex tasks, and provided with valuable on-the-job trainings. This role will offer you an exciting opportunity to be part of the largest bank owned insurance company in Canada; you will apply, enhance, and develop experience and working knowledge to perform a combination of challenging tasks and operational assignments. RBC Insurance offers a very inclusive team that works cohesively together, which is integral to the success of continuing to grow all lines of business. We commit to formally structured access to leaders across our actuarial teams, and other business areas, to ensure you are learning all aspects of insurance and are prepared for a successful and rewarding career.

What will you do?

• Learn, influence, and innovate end to end aspects of the business ranging from sales to pricing and valuation to risk & capital. These roles will offer opportunities to gain exposures to all areas of business.

• Creating pricing and valuation models for complex and high-impact products from an actuarial perspective including but not limited to asset strategy discussions with RBC Insurance Investment team and liability cash flow management with RBC Risk Management.

• Assist in validation of key assumptions, gathering and applying market competition, and using business insights to identify trends/opportunities.

• Using software like AXIS, R, SQL and MS Excel to produce and analyze results, communicate findings to respective stakeholders to obtain their approvals.

• Develop, maintain, and enhance new and existing tools to better streamline processes.

• Collaborate with fellow actuarial and non-actuarial colleagues to achieve success.

• Conduct monthly/quarterly valuation reporting, and communicate results and findings to management.

• Model and analyze Special Quotes to better serve our clients’ needs.

• Support monthly/quarterly capital measurement analysis and reporting.

What do you need to succeed?

Must have

• Knowledge of MS Office Suite

• Solid technical and analytical skills with strong problem-solving ability

• Strong written and verbal communication skills

• Highly motivated self-starter and team player

Nice to have

• Pursuing a university degree in Actuarial Science, Finance, Statistics, or Mathematics

• Actuarial exposure/background

• 2-3 CAS/SOA exams completed

• Previous experience with Moody’s/GGY AXIS

• Knowledge of IFRS17, predictive analytics and Tableau are definite assets

• Programing experience in R, VBA and SQL

Please note:

In order tobe eligible for these student positions, you must either:

• Bereturning backto school after the work term end-date; or

• If you are not returning back to school (i.e.are graduating immediately after the work term), you must require the full work term as a mandatory component in order to graduate successfully

What’s in it for you?

We thrive on the challenge to be our best, progressive thinking 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.

• Leaders who support your development through coaching and managing opportunities

• Ability to make a difference and lasting impact

• Work in a dynamic, collaborative, progressive, and high-performing team

• Flexible work/life balance options

RBC Insurance 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

Communication, Computer Literacy, Detail-Oriented, Interpersonal Relationships, Listening Effectively, Personal Development, Personal Initiative

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:

Student/Coop (Fixed Term)

Pay Type:

Salaried

Posted Date:

2025-04-25

Application Deadline:

2025-06-16

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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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.