Director, Individual Non-Participating Life Products

What is the opportunity

In this opportunity you will be responsible for end to end portfolio management of individual Renewable Term Universal Life and Non-Participating Whole Life business with an end vision to increase the business units awareness knowledge and understanding of our financials and the metrics that drive our business success in order to facilitate data-driven decision making and management actions the impact of which should be to engineer the company towards profitable growth & cost effectiveness and to ensure achievement of financial goals.

What will you do

• Lead and enhance annual experience study including participating in industry studies. Streamline the study process interpret emerging results and propose new assumptions for valuation and actionable items for the business. Comply with SoX controls and EUC requirements.
• Review and enhance actuarial financial reporting for the individual non-participating life business including but not limited to: Month-end/Quarter-end process and AA Report. In addition provide the business with implications of emerging financial results and related metrics particularly earning by sources (EBS) mortality lapse etc.
• Support risk governance and oversight including annual update of risk appetite and risk control limits and ensure top and emerging risks remain within risk appetite through frequent monitoring.
• Provide senior management and the business with in-depth analysis and understanding of emerging risks and action items.
• Work closely with the business and other functional partners on strategic projects and tactical actions and assist these areas in achieving their goals.
• Manage a team of staff including providing focus and clarity in establishing individual goals driving performance management supporting career development and rewarding strong performance.

What will you need to succeed

• Knowledge of a broad area of expertise (by product and by function) gained through 10 years of directly or indirectly related work experience and training in Life
• Strong analytical and problem solving skills with the ability to be an innovative thinker and understand the big picture
• Analytical skills preferably actuarial designation (FSA/FCIA/CERA) and IFRS 17 experience.
• Ability and willingness to partner effectively with other actuarial leaders as well as with leaders of other functional areas
• Ability to see business issues from multiple angles recognize flags that indicate a need for analysis and then communicate the analysis in a manner that is effective and understandable to the particular audience.

Whats 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

Additional Job Details

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.