Actuarial Analyst, Individual Pricing

2 weeks ago

Mississauga, Canada Royal Bank of Canada> Full time

Job Summary

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

Job Description

What is the opportunity?

This role is accountable for reinsurance strategy and developing, pricing, monitoring, and preserving the integrity of the profitability of our Life, Health and Wealth products. This position supports the attainment of our strategic objectives, including the growth of new lines of business, and greatly influences the brand reputation for RBC Insurance Company.

What will you do?

The role will have a combination of the following responsibilities:

• Conduct profitability analysis and coordinate approvals for Life, Health and Wealth products’ special quotes

• Support pricing of Life, Health and Wealth insurance products, including Term, Universal Life, Disability, Critical Illness, Participating Whole Life, Payout Annuity, Segregated Fund

• Perform model vetting of the Life, Health and Wealth pricing models

• Provide the Pricing Actuary with analysis required to make business decisions

• Assist in reinsurance optimization and strategy

• Support inforce reinsurance opportunities

• Monitor the accelerated underwriting program

  

What will you need to succeed?

• Passed at least 4 SOA exams and actively pursuing the FSA/FCIA designation

• Bachelor’s Degree in Actuarial Science, Mathematics, Statistics

• At minimum 1 year of work experience in an actuarial role

• Excellent working knowledge of MS Excel, VBA and R is required

• Experience with Moody’s Analytics AXIS

• Ideal candidates have a strong desire to set and exceed challenging goals with high energy and a drive for superior results

• 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

• Ability to work well in a team and individual

Special Conditions

Please note this is a contract position ending October 31, 2024. 

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

 

Job Skills

Actuarial Modeling, Critical Thinking, 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:

INSURANCE

Job Type:

Contract (Fixed Term)

Pay Type:

Salaried

Posted Date:

2024-05-03

Application Deadline:

2024-05-18

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
​​​​​​​
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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