Actuarial Associate, Par Inforce Management

**Job Summary**

**What is the opportunity?**

The Actuarial Associate plays a key role in the Par Inforce Management team to focus on actuarial modeling and assist with data modeling. Separate from the modeling team, this role is the actuarial modeling expert when it comes to model enhancement and ad-hoc analysis to the existing PAR AXIS model. This role collaborates across different teams to understand the existing AXIS model and implement framework to perform further analysis. In the meantime, this role will support the experience study of PAR products to review various actuarial assumptions.

**What will you do?**
- Support the review and refresh the IFRS17 reporting of PAR products. Validate the CSM/Loss Component balance.
- Support the enhancement of the Earnings by Source (EBS) statement by modernizing the data model behind.
- Work with Capital Management team to streamline the LICAT reporting of PAR products
- Act as the key person to produce PAR surplus projection, help with review of PAR account financials and support business decision making.
- Other ad-hoc related work as assigned by the team.

**What will you need to succeed?**

**Must-have**:

- 3+ years of experience with Actuarial experience in Life Insurance industry.
- Creativity and dedication to create something from scratch.
- Proficiency with GGY AXIS and familiarity with insurance product modeling, pricing, or valuation
- Understanding of PAR products and related actuarial considerations
- Proven ability to collaborate in a team environment and manage competing priorities
- Undergraduate degree in Actuarial Science or a related discipline
- Associate of Society of Actuaries (ASA)

**Nice-to-have**:

- Understanding of data modeling (ETL)

**What's in it for you?**

We thrive on the challenge to be our best, thinking progressively 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 plans
- Competitive pay and high-earning potential
- All the tools, training, and team support you need to grow your career
- Study program for pursuing the actuarial credential
- Flexible work/life balance options
- Sophisticated RBCI software tools to boost your productivity

RBC is committed to supporting flexible work arrangements when and where available. Details to be discussed with Hiring Manager.

**Job Skills**

Actuarial Modeling, Actuarial Services, Critical Thinking, Industry Knowledge, 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**:
GROUP RISK MANAGEMENT

**Job Type**:
Regular

**Pay Type**:
Salaried

**Posted Date**:
2025-07-29

**Application Deadline**:
2025-08-12

**I**nclusion** and Equal Opportunity Employment**

At 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.

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