Actuarial Associate, Capital and Risk Management

3 weeks ago


Mississauga, Ontario, Canada RBC Insurance Services Inc. Full time
Job Opportunity

We are seeking an experienced Actuarial Associate to join our team in Capital and Risk Management. As a key member of our team, you will be responsible for delivering high-quality actuarial services, including capital modeling, risk analysis, and regulatory reporting.

Key Responsibilities
  • Support the development and implementation of capital models, including data processing, analysis, and reporting.
  • Collaborate with cross-functional teams to identify and implement enhancements to existing capital forecasting methodologies and frameworks.
  • Assist in the preparation of quarterly Economic Capital reports, including model runs, recalibrations, and analysis of results.
  • Support ad-hoc projects and activities, including IFRS 17 LICAT model changes and other regulatory requirements.
  • Contribute to the development and maintenance of actuarial models, including documentation and change procedures.
Requirements
  • Strong analytical and communication skills, with the ability to work effectively in a team environment.
  • Proficiency in GGY AXIS, R, MS Excel, and MS Access (SQL), with experience in actuarial modeling and risk analysis.
  • 2-4 years of related actuarial work experience, with a solid understanding of actuarial principles, practices, and modeling logics.
  • Excellent problem-solving skills, with the ability to identify and recommend enhancements to existing frameworks and methodologies.
  • Knowledge of life insurance standards of practice, capital regime, reserving principles, insurance accounting, product design and administration, and pricing framework.
What We Offer
  • A competitive salary and benefits package, including flexible work arrangements and career development opportunities.
  • A dynamic and supportive work environment, with opportunities to work with experienced professionals in the field.
  • The chance to contribute to the development of innovative actuarial models and risk analysis techniques.


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