Actuarial Associate, Financial Modeling
Actuarial Associate, Financial Modeling
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Job Description
Job Summary
Job Description
What is the Opportunity
We are seeking an Actuarial Associate to join our RBC Insurance front-office Investments Asset-Liability Management (ALM) team. In this role you will be responsible for developing maintaining and enhancing ALM models that support the effective management of liability risk positions arising from changes in the financial markets including interest rates credit foreign exchange inflation and equity.
What will you do
- Support Senior Manager to develop financial modeling solution to identify measure monitor and report key liability information for all insurance products on daily basis.
- Collaborate with portfolio managers to ensure the models are fit-for-purpose.
- Collaborate with the data team to design develop and automate financial modeling processes enhancing efficiency reliability and scalability of analytical frameworks.
- Build and maintain forecasting tools to project liability cash flows under base and stressed macroeconomic scenarios.
- Contribute to the development of dashboards and visualization tools that enable senior leadership to understand the drivers of liability changes and ALM performance.
What do you need to succeed
Must-Have:
- 2 years of experience as an AXIS model developer or in equivalent liability modeling roles with a strong background in building and maintaining actuarial or financial models.
- Proficiency in data handling and statistical modeling techniques with demonstrated ability to develop financial models and automate analytical processes for improved efficiency and accuracy.
- Working knowledge of insurance product features and associated risks.
- Critical thinker with a strong focus on identifying what truly matters and a continuous curiosity to learn and explore new approaches for simplifying processes and models.
- Excellent communication skills with the ability to explain technical solutions and results to cross-functional audiences.
Whats in it for you
- A Total Rewards program that includes competitive pay 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
RBC Insurance is an organization that succeeds by bringing out the best in its people. Youll 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
Job Skills
Actuarial Modeling Business Analytics Credit Analysis Financial Regulation Internal Auditing Investment Risk Management Predictive Analytics Risk Management Standard Operating Procedure (SOP) Statistical AnalysisAdditional Job Details
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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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Required Experience:
IC
Employment Type
Full-Time
