Manager, Actuarial Analytics and Reinsurance

RBC; Mississauga; On-site; CAD 70,000 - 90,000; Full time

Job summary

RBC is seeking an Actuarial Analyst responsible for using actuarial knowledge to assist with product profitability management and reinsurance strategy. The role involves managing all reinsurance treaties and collaborating with various departments to enhance profitability monitoring and metrics analysis. Candidates should have a degree in a relevant field and at least 2 years of industry experience, with strong skills in data analytics and actuarial modeling.

Benefits

Flexible benefits

Career development programs

Investment and retirement savings plans

Work/life balance options

Access to sophisticated software tools

Qualifications

• Minimum 2 years of experience in Insurance is required.
• Direct experience with actuarial AXIS valuation models.
• Familiarity with actuarial concepts and reinsurance treaties.

Responsibilities

• Provide actuarial expertise for profitability monitoring of RBC Insurance products.
• Manage reinsurance treaties and support analytics on reinsurance strategy.
• Compile metrics into effective presentations for stakeholders.

Skills

Actuarial Modeling

Data Analytics

Critical Thinking

Industry Knowledge

Multi-Level Communication

Risk Management

Education

Post secondary degree in business, actuarial science, finance, mathematics

Tools

Tableau

SQL

Job description

Job Summary

Provides technical analyses and support for the actuarial function or department. Applies experience and seasoned knowledge, skills, and practices to perform a variety of assignments.

Job Description

What is the opportunity?

This position is responsible for using actuarial knowledge with respect to product profitability management, reinsurance strategy, and assist with managing all reinsurance treaties for RBC Insurance. This position will collaborate closely with the team colleagues and other key stakeholders to build, maintain, and sustain profitability monitoring metrics, as well as reinsurance analytics. The management of all reinsurance treaties will be evolving as RBC Insurance’s reinsurance strategy unfolds.

This position will also provide actuarial expertise and support for all treaties associated with the reinsurance portfolio, including but not limited to support on, possible recaptures, development of automation opportunities, and profitability monitoring reporting initiatives.

What will you do?

•Provide actuarial expertise with analysis regarding effectiveness of reinsurance treaties on the overall profitability by product, support colleague with end-to-end profitability monitoring of all RBC Insurance products.

•Assist with any ad-hoc tasks that may arise with work related to, but not limited to, Board of Directors and regulatory reporting, various other product related working groups, etc.

Support reinsurance strategy:

•Manage the monthly process to ensure accurate and timely analytics from the Reinsurance Dashboard, working with Tableau

•Prepare, compile, and summarize various metrics into effective PowerPoint presentations, to effectively deliver on the team’s mandate of Reinsurance Strategy, Treaty Management, and Profitability Monitoring.

•Support colleague with treaty management and treaty data analysis to identify any emerging trends in profitability

•Assist to develop and maintain relationships with cross department teams (incl. underwriting, pricing, claims, finance, legal) and external reinsurers to ensure that all reinsurance treaties are documented and ready for analysis.

What will you need to succeed?

Must have:

•Post secondary degree in business, actuarial science, finance, mathematics, or another relevant field of study

•Minimum 2 years of experience in Insurance and a working knowledge of the industry, insurance products, and related processes

•Direct experience working with actuarial AXIS valuation models is a vital component of this role, along with proficiency in Data Analytics/Visualization tools SQL and Tableau

•Familiarity with actuarial concepts, for example, ceded actuarial liabilities, actual to expected ratios, and general understanding conceptually of the benefits of reinsurance on capital

•Experience in data analytics and ability to summarize reinsurance treaty data by key fields including Cession Count, Reinsurance Premium, Reinsurance Net Amount at Risk, Actuarial Liabilities, etc

•Strong communication and developing leadership skills, with the ability to communicate and present ideas across different levels of management and stakeholders.

Nice to have:

•Some understanding of or experience with reinsurance treaties, processes and systems, with unique skills in developing treaty compliance and analytics

•Experience with scripting languages such as Python, R, etc

Special Conditions

Please note the successful candidate will be entitled to participate in the RBC Actuarial Study Program.

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 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 the client first.

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:

INSURANCE

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-05-29

Application Deadline:

2025-06-14

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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