Actuarial Analyst
3 months ago
**Job Summary**
**What is the opportunity?**
This role is accountable for reinsurance strategy and 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?**
The role will have a combination of the following responsibilities:
- Conduct profitability analysis and coordinate approvals for Life, Health and Wealth products’ special quotes
- Support pricing of Life, Health and Wealth insurance products, including Term, Universal Life, Disability, Critical Illness, Participating Whole Life, Payout Annuity, Segregated Fund
- Perform model vetting of the Life, Health and Wealth pricing models
- Provide the Pricing Actuary with analysis required to make business decisions
- Assist in reinsurance optimization and strategy
- Support inforce reinsurance opportunities
- Monitor the accelerated underwriting program
**What will you need to succeed?**
- Passed at least 4 SOA exams and actively pursuing the FSA/FCIA designation
- Bachelor’s Degree in Actuarial Science, Mathematics, Statistics
- At minimum 1 year of work experience in an actuarial role
- Excellent working knowledge of MS Excel, VBA and R is required
- Experience with Moody’s Analytics AXIS
- Ability to work well in a team and individual
**Special Conditions**
Please note there are 2 contract positions available; 3 months and 12 months. Applicants receiving a prescreen will be considered for both contracts and will be asked if they have a preference.
**What's in it for you?**
- 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, Critical Thinking, 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**:
Contract (Fixed Term)
**Pay Type**:
Salaried
**Posted Date**:
2024-09-23
**Application Deadline**:
2024-10-09
**I**nclusion** 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.
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