Actuarial Analyst - Mississauga, Canada - Royal Bank of Canada

Royal Bank of Canada

Verified Company

Mississauga, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

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

What is the opportunity?
The successful incumbent will support IFRS 17 actuarial reporting, risk management, and process transformation for the reinsurance product lines.

What will you do?

Support actuarial financial reporting for the International product lines to ensure effective completion of annual, quarterly, and monthly actuarial processes
Support analytical processes in explaining earnings and movements in insurance contract assets and liabilities, as well as investigating gaps between source data vs. automated system outputs.
Support risk management functions, including hedge effectiveness assessment, Financial Condition Testing (FCT), sensitivity testing, and various risk reporting tasks.
Contribute as needed to valuation model maintenance, inforce extract data updates, and annual experience studies.
Assist in various actuarial projects as they arise.

Must-Have

Bachelor's degree (or above) majoring in Actuarial Science. Other relevant Majors (e.g. Business, Economics, Mathematics, or Statistics) are acceptable if accompanied with demonstrated knowledge of Actuarial concepts.
Minimum 2 to 3 actuarial exams completed.
Actuarial experience with demonstrated knowledge of professional standards of practice, the legislative environment and industry bestpractices.
Working experience and familiarity with Moody's AXIS system.
Exceptional analytical and problemsolving skills, take initiatives and accountability in addressing issues in actuarial results by collaborating with relevant stakeholders.
Ability to communicate clearly and concisely with both technical and nontechnical audience.

Nice-to-Have:

Working experience with R, Tableau, and SQL queries
Knowledge of IFRS 17 requirements

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 highearning 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:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

Application Deadline:

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.

Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.