Senior Actuarial Analyst
2 weeks ago
As a Senior Actuarial Analyst, you will play a key role in shaping the reinsurance strategy of our Life, Health and Wealth products at Royal Bank of Canada. This is an exciting opportunity to contribute to the growth of new lines of business and make a significant impact on our brand reputation.
About the Role
This senior actuarial role requires a strong analytical mindset and excellent communication skills. You will be responsible for conducting profitability analysis, coordinating approvals for special quotes, and supporting pricing of Life, Health and Wealth insurance products. Your expertise in actuarial modeling, risk analysis management, and system applications will be essential in optimizing reinsurance strategies and driving business decisions.
Key Responsibilities
* Conduct thorough 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 critical analysis required to make informed business decisions
* Collaborate with the Pricing Actuary to optimize reinsurance strategies and opportunities
Requirements
* Passed at least 4 SOA exams and actively pursuing the FSA/FCIA designation
* Bachelor's Degree in Actuarial Science, Mathematics, or Statistics
* Minimum 1 year of work experience in an actuarial role
* Excellent working knowledge of MS Excel, VBA, and R required
* Experience with Moody's Analytics AXIS highly valued
* Strong desire to set and exceed challenging goals with high energy and drive for superior results
* Excellent communication skills with the ability to influence others and present complex issues to technical and non-technical audiences
* Ability to work well in a team and individually
What We Offer
* Competitive salary range: $120,000 - $180,000 per annum, depending on experience
* Comprehensive benefits package, including medical, dental, and vision coverage
* Flexible work/life balance options, including remote work arrangements
* Access to sophisticated RBCI software tools to boost productivity
* Opportunities for professional growth and development in a dynamic and supportive team environment
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