Senior Actuarial Analyst, Annuities & Other Benefits

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

Job summary

A leading financial institution located in Mississauga is seeking a Senior Actuarial Analyst. This role involves supporting valuation for the Group Annuity portfolio and conducting experience studies. Ideal candidates should possess experience with GGY AXIS and strong communication skills to discuss technical results with various stakeholders. The role offers competitive pay, growth opportunities, and flexible work arrangements.

Benefits

Competitive pay

Flexible work/life balance

Actuarial study program

Career development programs

Qualifications

• Experience with GGY AXIS.
• Familiarity with insurance product modeling, pricing, or valuation.
• Excellent written and verbal communication skills.
• Proven ability to collaborate in a team environment.
• Close to ASA exam progress.

Responsibilities

• Support actuarial valuation during month-end close under IFRS17.
• Conduct annual experience studies for portfolio analysis.
• Collaborate with finance, risk, and audit teams.

Skills

Actuarial Modeling

Critical Thinking

Industry Knowledge

Probability Theory

Risk Management

Multi-Level Communication

Insurance Finance and Actuarial Concepts

Risk Analysis Management

Education

Undergraduate degree in Actuarial Science or related discipline

Associate of the Society of Actuaries (ASA)

Tools

GGY AXIS

Power BI

R

Tableau

Job description

Job Description

What is the opportunity?

The Senior Actuarial Analyst, Annuities & Other Benefits supports the valuation team of Group Annuity (Pension Risk Transfer) portfolio and Individual Annuity portfolio as well as the portfolio of other benefits to perform financial reporting on monthly basis and support the creation of Appointed Actuary Report (AAR) every fiscal year. This role also supports the annual experience studies regarding its portfolios and supports the risk review of Group Annuity deal quotes. The role offers high visibility and the opportunity to work with the high-volume new business block to shape future direction and priorities.

What will you do?

Month-end Valuation and Reporting

• Support an actuarial valuation team to perform the production of results during every month-end close period under IFRS17 framework
• Support the improvement and maintenance of the Earnings by Source statement to help explain financial results.
• Support the improvement and maintenance of CSM rollforward for the respective portfolios.

Experience Studies and Others

• Conduct and complete the annual experience studies to analyze the experience emergence of respective portfolios.
• Work with finance, risk and audit teams to ensure data accuracy and model transparency
• Other ad-hoc related work as assigned by various stakeholders

What will you need to succeed?

Must-have

• Experience with GGY AXIS
• Familiarity with insurance product modeling, pricing, or valuation
• Excellent written and verbal communication skills to convey technical results to non-technical audiences
• Proven ability to collaborate in a team environment and manage competing priorities
• Undergraduate degree in Actuarial Science or a related discipline
• Associate of the Society of Actuaries (ASA) or close to ASA exam progress.

Nice to have

• Working experience with Power BI, R or Tableau
• Experience working with teams across different platforms
• Prior knowledge with living benefits products is an asset

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
• Actuarial study program
• Sophisticated RBCI software tools to boost your productivity

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: 2025-11-18

Application Deadline: 2026-01-21

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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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.