Actuarial Analyst
Actuarial Analyst
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Job Description
Job Summary
Job Description
What is the opportunity
The Group Annuity Pricing team is looking for a junior staff member to compliment the pricing team due to the significant growth of the Canadian business. This position has responsibility for providing technical support and guidance in model development and liaising with internal departments for the quotation recommendation and on-boarding of new business. The position requires knowledge of software tools including but not limited to the GGY Axis Annuity Model DataLink Tableau and Microsoft Office applications. The selected individual will have a desire for networking gaining and passing on knowledge.
What will you do
Learn influence and innovate end to end aspects of the business ranging from sales and marketing to pricing and negotiations. This role will provide exposure to all areas of business.
Creating pricing and reinsurance models for complex and high-impact products from an actuarial perspective including asset strategy discussions with RBC Insurance Investment team and liability cash flow management with RBC Risk Management.
Develop the ability to liaise and negotiate with plan sponsors and their consultants with the goal of maintaining RBCs strong partnerships.
Assist in validation of key assumptions gathering and applying market competition and using business insights to identify trends/opportunities.
Provide support to operations team to ensure proper administration of placed deals and collaboration with RBC legal counsel on contract wording business procedures and policy terms.
What will you need to succeed
Must Have
Bachelors Degree in Actuarial Science Mathematics Statistics Finance or Accounting and actively pursuing a SOA designation
1 to 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 the Pension Risk Transfer market and/or IFRS17 is a definite asset
Predictive analytics and Tableau knowledge
Knowledge of current longevity trends
French speaking would be an asset
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 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 many competing and evolving priorities in our lives so you can focus on what you can do best putting clients first.
Job Skills
Actuarial Modeling Critical Thinking Insurance Finance and Actuarial Concepts Multi-Level Communication Probability Theory Risk Analysis Management Risk Management System ApplicationsAdditional 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
