Pricing Actuary

3 weeks ago


Mississauga, Ontario, Canada Royal Bank of Canada Full time
Role Overview

This challenging opportunity is centered around developing, pricing, and monitoring the profitability of our Living Benefits products. As a key member of our team, you will play a crucial role in supporting the attainment of our strategic objectives.

About the Opportunity

As an Associate Director with RBC Insurance Company, you will have the chance to grow new lines of business while influencing our brand reputation for excellence. Your focus will be on critical thinking, actuarial modeling, and risk analysis management, ensuring the integrity of our living benefits pricing models.

Your Key Responsibilities

  • Priced and developed Living Benefits insurance products, with a focus on Critical Illness product
  • Maintain the integrity of the Living Benefits pricing models
  • Negotiate with external business partners
  • Collaborate with internal stakeholders, including Product Management, Valuation/Cporate Actuarial, GRM-I, Underwriting, Sales, and Finance

Requirements

To succeed in this role, you will require:

  • 6-10 years of relevant experience in actuarial roles within the life insurance industry
  • Bachelor's Degree in Actuarial Science, Mathematics, or Statistics
  • Excellent communication skills, with the ability to influence others and present issues, options, and recommendations to technical and non-technical audiences
  • Proficiency in MS Excel and MS Word
  • Familiarity with GGY AXIS Regular Life and Disability module

What We Offer

You can expect a competitive salary of $145,000 per year, plus a comprehensive Total Rewards program that includes flexible benefits, work-life balance, career development programs, investment, and retirement savings plans. Enjoy all the tools, training, and team support you need to grow your career, as well as flexible work-life balance options and sophisticated RBCI software tools to boost your productivity.

Additional Details

This is a full-time salaried position, offering 37.5 hours of work per week. You will be based at Meadowvale Business Park, working in a dynamic environment that values diversity and inclusion.



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