Actuarial Associate, Par Inforce Management
Actuarial Associate, Par Inforce Management
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Job Description
Job Summary
Job Description
What is the opportunity
The Actuarial Associate plays a key role in the Par Inforce Management team to focus on actuarial modeling and assist with data modeling. Separate from the modeling team this role is the actuarial modeling expert when it comes to model enhancement and ad-hoc analysis to the existing PAR AXIS model. This role collaborates across different teams to understand the existing AXIS model and implement framework to perform further the meantime this role will support the experience study of PAR products to review various actuarial assumptions.
What will you do
- Support the review and refresh the IFRS17 reporting of PAR products. Validate the CSM/Loss Component balance.
- Support the enhancement of the Earnings by Source (EBS) statement by modernizing the data model behind.
- Work with Capital Management team to streamline the LICAT reporting of PAR products
- Act as the key person to produce PAR surplus projection help with review of PAR account financials and support business decision making.
- Other ad-hoc related work as assigned by the team.
What will you need to succeed
Must-have:
- 3 years of experience with Actuarial experience in Life Insurance industry.
- Creativity and dedication to create something from scratch.
- Proficiency with GGY AXIS and familiarity with insurance product modeling pricing or valuation
- Understanding of PAR products and related actuarial considerations
- Proven ability to collaborate in a team environment and manage competing priorities
- Undergraduate degree in Actuarial Science or a related discipline
- Associate of Society of Actuaries (ASA)
Nice-to-have:
- Understanding of data modeling (ETL)
Whats in it for you
We thrive on the challenge to be our best thinking progressively to keep growing and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other reaching our potential making a difference to our communities and achieving success that is mutual.
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
Study program for pursuing the actuarial credential
Flexible work/life balance options
Sophisticated RBCI software tools to boost your productivity
RBC is committed to supporting flexible work arrangements when and where available. Details to be discussed with Hiring Manager.
Job Skills
Actuarial Modeling Actuarial Services Critical Thinking Industry Knowledge 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
