Actuarial Associate

Job Description
What is the Opportunity?
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.

What will you do?

• Create and maintain AXIS valuation models for all RBC Insurance lines of businesses
• Review and investigate AXIS valuation models and other key actuarial processes to provide assurance of model appropriateness
• Present results of quality assurance reviews to key stakeholders and/or management to enable corrective action where necessary
• Provide support to internal and external auditors (as potential GRM-I liaison), under the guidance of the manager, during the department's periodic internal and external audits
• Assist with the model change management process and enterprise model risk policy that maintain valuation model integrity
• Liaise with pricing, business, IT and other actuarial & non-actuarial areas within RBCI as needed
• Involve with IFRS 17 modeling
• Support projects such as actuarial modeling software conversion, system migration, new funds and so on.

What will you need to succeed?
Must-have:

• Extensive working experience with GGY AXIS
• Excellent written and oral communication skills
• Strong technical and analytical skills, plus common insurance product knowledge
• Expert user of Microsoft Word, Access, Excel and SQL
• Minimum 2 years of actuarial insurance experience with demonstrated knowledge of professional standards of practice
• Associate of the Society of Actuaries (ASA)

Nice-to-have:

• Other programing knowledge, such as Python and R
• Experience with life insurance administration systems

What's in it for you?

• A Total Rewards program that includes flexible benefits, work/life balance and career
• 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

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:

Application Deadline:

Note
:
Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
I
*nclusion *
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.