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Actuarial Associate
4 months ago
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 role is accountable for developing, pricing, monitoring, and preserving the integrity of the profitability of Universal Life and Participating Whole Life products, with exposure to our other Individual Life 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 Individual Life Insurance products, including our Universal Life and Participating Whole Life products, and other Perm and Term life products
• Assist Pricing Actuary in setting assumptions
• Responsible for drafting the product's Pricing Report, and providing Pricing Actuary with data/information/analysis required to make business decisions
• Perform Life pricing model vetting
• Interact with GRM-I to ensure appropriate Risk Management protocols are followed during Pricing & Product Development
• Collaborate with internal business partners, which may include Product Management, Project Management, Valuation / Corporate Actuarial, GRM-I, Sales and Finance
• Conduct profitability analysis and coordinate approvals for Life Special Quotes
What will you need to succeed?
• Bachelor's Degree in Actuarial Science, Mathematics, Statistics, and actively writing SOA exams
• ASA Designation, with minimum of 3 to 5 years of relevant work experience
• A strong desire to set and exceed challenging goals with high energy and a drive for superior results • Excellent communication skills with the ability to effectively influence others as well as present issues, options and recommendations to both technical and non-technical audiences
• Excellent working knowledge of MS Excel, VBA, and R is required
• Proficient with Moody's Analytics AXIS
• Ability to work well in a team and individually
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
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:
2024-05-17
Application Deadline:
2024-06-01
Inclusion and Equal Opportunity Employment
At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.
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