Actuarial Analyst

Job DescriptionWhat is the opportunity?Reporting to the team leader of GRMI (Group Risk Management – Insurance), the incumbent will be responsible for end-to-end management of portfolio valuation and analysis for RBC Insurance's insurance products, with an emphasis on Traditional and Universal Life Products.What will you do?You will support and enhance annual experience study, gather and analyze study data using R, interpret emerging results using Tableau, and propose new assumptions for valuation and actionable items for the business. Comply with SoX controls and EUC requirementsYou will support and enhance IFRS17 actuarial financial reporting including but not limited to: Month-end/Quarter-end process, AA Report, and income forecast. In addition, provide the business with implications of emerging financial results and related metrics, particularly earning by sources (EBS), mortality, morbidity, lapse, capital impact, etc.You will work closely with the business and other functional partners on strategic projects and tactical actions, and assist these areas in achieving their goals.You will support risk governance and oversight, support annual update of risk appetite and delegated authority, and ensure top and emerging risks remain within risk appetite through frequent monitoring.You will support regulatory changes, projects, adhoc requests which may ariseWhat will you need to succeed?Must-HaveBachelor’s degree (or above) majoring in Actuarial Science or Statistics with a minimum of 3 SOA examsMinimum 1 to 2 years of relevant actuarial experienceActuarial / insurance experience with demonstrated knowledge of professional standards of practice, the legislative environment and industry best-practicesStrong analytical and problem solving skills, with the ability to be an innovative thinker and understand the "big picture"High energy, results-oriented self-starter with the ability to achieve under tight deadlines in a rewarding and fast-paced environmentNice-to-Have:Working experience with GGY AXIS, SQL, Python, R languages and TableauExperience with deep-dive analytics, predictive modelling or artificial intelligence. Familiar with data mining, statistical modeling, and machine learningAbility to communicate clearly and concisely with both technical and non-technical audienceWhat's in it for you?We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.A Total Rewards program that includes flexible benefits, work/life balance and career development programs and investment and retirement savings plansCompetitive pay and high-earning potentialAll the tools, training, and team support you need to grow your careerFlexible work/life balance optionsSophisticated RBCI software tools to boost your productivityJob SkillsActuarial Modeling, Actuarial Services, Analytical Thinking, Business, Communication, Critical Thinking, Deadline Management, End to End Management, Group Problem Solving, Industry Knowledge, Insurance Finance and Actuarial Concepts, Investments, Multi-Level Communication, Probability Theory, Risk Analysis Management, Risk Governance, Risk Management, System Applications, Team SupportAdditional Job DetailsAddress:MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR:MISSISSAUGACity:MississaugaCountry:CanadaWork hours/week:37.5Employment Type:Full timePlatform:GROUP RISK MANAGEMENTJob Type:RegularPay Type:SalariedPosted Date:2025-12-03Application Deadline:2025-12-18Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion and Equal Opportunity EmploymentAt RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.