Associate Director, Individual Life Pricing

Job Description

What is the opportunity?

Join our Individual Pricing team as an Associate Director, where you will take a lead role in pricing and optimizing the participating whole life product suites. This position offers the chance to apply your actuarial expertise to shape sustainable and competitive product solutions in a dynamic market. Work closely with cross-functional teams and contribute to meaningful projects that directly impact business growth.

What will you do?

• Lead the development and pricing of Par Whole Life products, ensuring alignment with company objectives and regulatory requirements. Conduct profitability analysis, sensitivity testing and risk assessments to support strategic decision-making
• Work as one Pricing team, lead various initiatives and projects for other individual insurance product lines as required
• Manage projects related to product pricing, ensuring deliverables are met and expectations are effectively communicated
• Collaborate with product development, Valuation, sales and underwriting to design competitive product offerings
• Monitor industry trends and emerging risks to inform product innovation and development
• Provide guidance and mentorship to junior team members, fostering their professional growth

What will you need to succeed?

Must Have:

• Bachelor's Degree in Actuarial Science, Mathematics, Statistics or a relevant fields and actively writing actuarial exams
• Minimum 5 years of actuarial work experience in Pricing, Product development, or related fields with strong understanding of participating whole life insurance products
• Ability to explain complex actuarial concepts and solutions to non-technical stakeholders clearly and effectively
• Knowledge of regulatory frameworks and financial reporting standards, such as IFRS 17, and LICAT
• Familiarity with actuarial valuation, pricing methodologies, and insurance assumptions
• Proficiency in programming languages (e.g., VBA)
• Proficiency in actuarial modeling software (e.g., Moody AXIS)

Nice to Have:

• FSA Designation
• Familiarity with reinsurance and risk management practices
• Demonstrated leadership and mentorship experience in managing or supporting a team

What's in it for you?

• 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
• Flexible work/life balance options
• Sophisticated RBCI software tools to boost your productivity

RBC is an organization that succeeds by bringing out the best in its people. You'll be part of a supportive, inclusive team that shares common values – including a fundamental respect for each other. At the heart of this is a commitment to diversity. RBC respects and responds to the many competing and evolving priorities in our lives – so you can focus on what you can do best – putting clients first.

Job Skills

Actuarial Modeling, Actuarial Services, Coaching Others, Customer Success, Industry Knowledge, Insurance Finance and Actuarial Concepts, 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:

INSURANCE

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

Application Deadline:

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion 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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