Senior Actuarial Analyst

Job Description

What is the Opportunity?

Provides technical analyses and support for the actuarial function or department. Applies experience and seasoned knowledge, skills, and practices to perform a variety of 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.
• Lead and perform actuarial valuations, financial reporting, and analysis of insurance liabilities under IFRS 17 and other reporting frameworks.
• Review model outputs, investigate variances, and communicate insights to senior management.
• Support the development and implementation of new methodologies, assumptions, and controls.
• Collaborate cross-functionally with Finance, Risk, and Data teams to ensure accuracy and consistency of results.
• Contribute to process improvement and automation initiatives within the actuarial reporting framework.
• Provide guidance, training, and day-to-day support to junior actuarial staff, reviewing their work and helping to develop their technical and analytical skills.
• Prepare management reports and present key findings in a clear and actionable manner.

What do you need to succeed?

Must-have:

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, and actively writing SOA/CIA exams
• ASA/ACIA Designation, with minimum 3-5 years of relevant work experience with strong understanding of life and health insurance products
• Successful candidates will demonstrate excellent communication skills with the ability to effectively influence others as well as present issues, options and recommendations to both technical and non-technical audiences
• Knowledge of regulatory frameworks and financial reporting standards, such as IFRS 17, and LICAT
• Familiarity with actuarial valuation, pricing methodologies, and insurance assumptions

Nice to have:

• Proficiency in MS Excel, programming languages (e.g., VBA, Python, R, SQL), actuarial modeling software (e.g., Moody AXIS), and data analytics/visualization tools (e.g., Tableau)

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 Services, Critical Thinking, Data Analytics, Industry Knowledge, Insurance Finance and Actuarial Concepts, Microsoft Access VBA, Microsoft Excel, Multi-Level Communication, Probability Theory, Risk Analysis Management, Risk Management, Structured Query Language (SQL), Structured Query Language (SQL) Development, System Applications

Additional Job Details

Address:

MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR:MISSISSAUGA

City:

Mississauga

Country:

Canada

Work hours/week:

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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