Actuarial Analyst

Job Description

What is the opportunity?

Provides technical analyses and support for the actuarial function or department. Applies complete knowledge, skills, and practices to perform assignments.

What will you do?

• Preparing, distributing and helping interpret actuarial or financial reports for internal and external use.
• Participating in projects involving product development, reserving and reinsurance issues.
• Gathering and analyzing relevant data from a variety of sources using multiple actuarial tools and techniques.
• Perform actuarial valuations and financial reporting in compliance with IFRS 17 and other applicable accounting standards.
• Run, and enhance GGY AXIS models to project and analyze insurance liabilities and capital requirements.
• Supporting Experience studies and assumption setting.
• Collaborate with Finance, Risk, and IT teams to ensure accuracy and consistency of inputs and outputs.
• Contribute to process improvements and automation initiatives within the actuarial reporting framework.
• Prepare management reports and communicate key findings and insights clearly to internal stakeholders.

What do you need to succeed?

Must-have:

• Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Finance or Accounting, and actively pursuing a SOA/CIA designation
• 1-3 years of actuarial experience in pricing, valuation or product development
• Knowledge of GGY Axis and DataLink, MS Word, Excel, Access and Outlook
• Solid technical and analytical skills with strong problem-solving ability
• Strong written and verbal communication skills
• Highly motivated self-starter and team player

Nice-to-Have:

• Knowledge of Tableau, SQL and Python
• Understanding of IFRS 17 standard and LICAT.

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 business and career
• Flexible work/life balance options
• Sophisticated RBCI software tools to boost your productivity and grow your business

Job Skills

Actuarial Modeling, Actuarial Science, Critical Thinking, Insurance Finance and Actuarial Concepts, Microsoft Excel, Multi-Level Communication, Probability Theory, Risk Analysis Management, Risk Management, Structured Query Language (SQL), 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:

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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