Actuarial Analyst

Job Description

What is the opportunity?

This role is accountable for developing, pricing, monitoring, and preserving the integrity of the profitability of our Life, Health, and Wealth 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?

• Perform pricing and product development of Life, Health, and Wealth insurance products, including Term, Universal Life, Disability, Critical Illness, Participating Whole Life, Payout Annuity, Segregated Fund, and other products.

• Analyze product profitability, sensitivity, and risk metrics to support strategic decision making

• Prepare documentation and reports to communicate findings, assumptions, and recommendations effectively

• Conduct analysis and coordinate approvals for Life, Health, and Wealth products' special quotes

• Perform model vetting of the Life, Health, and Wealth pricing models

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

• Participate in automation and process improvement initiatives to enhance efficiency and accuracy in pricing workflows

What will you need to succeed?

Must Have:

• Passed a minimum of 3 actuarial exams, and actively pursuing the FSA/FCIA designation

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a relevant field. At minimum 1 year of work experience in an actuarial role

• 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 nontechnical audiences

• Experience with Moody's Analytics AXIS, and strong working knowledge of MS Excel

• Ability to work well in a team and individually

Nice to Have:

• Familiarity with actuarial pricing and valuation methodologies

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

• Proficiency in programming languages (i.e., VBA, R, etc.)

What's in it for you? 

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

• 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

Additional Job Details

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

Compensation for this position (including salary and discretionary/variable payments) will be determined by factors, including but not limited to candidate's experience, skills, registration status, performance, individual goals, market conditions, and business needs.

Pay Range

The expected pay range for this position is:

The pay range provided is for the primary work location referenced in the Additional Job Details section of this job posting. Pay ranges may differ based on location. If the posting lists multiple job locations, a recruiter can confirm availability of the role and the relevant pay rage for the additional locations listed. RBC supports pay transparency and we strive to ensure all pay ranges are competitive, fair, and equitable.

You have the potential to earn RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided that business meets its performance targets and you meet your individual goals.

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.