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    Actuarial Analyst, Individual Pricing - Mississauga, Canada - Royal Bank of Canada

    Royal Bank of Canada
    Royal Bank of Canada Mississauga, Canada

    4 days ago

    Royal Bank of Canada background
    Full time
    Description
    Job Summary

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

    Job Description

    What is the opportunity?


    This role is accountable for reinsurance strategy and developing, pricing, monitoring, and preserving the integrity of the profitability of our Life, Health and Wealth products.

    This position supports the attainment of our strategic objectives, including the growth of new lines of business, and greatly influences the brand reputation for RBC Insurance Company.

    What will you do?

    The role will have a combination of the following responsibilities:


    • Conduct profitability analysis and coordinate approvals for Life, Health and Wealth products' special quotes
    • Support pricing of Life, Health and Wealth insurance products, including Term, Universal Life, Disability, Critical Illness, Participating Whole Life, Payout Annuity, Segregated Fund
    • Perform model vetting of the Life, Health and Wealth pricing models
    • Provide the Pricing Actuary with analysis required to make business decisions
    • Assist in reinsurance optimization and strategy
    • Support inforce reinsurance opportunities
    • Monitor the accelerated underwriting program
    What will you need to succeed?


    • Passed at least 4 SOA exams and actively pursuing the FSA/FCIA designation
    • Bachelor's Degree in Actuarial Science, Mathematics, Statistics
    • At minimum 1 year of work experience in an actuarial role
    • Excellent working knowledge of MS Excel, VBA and R is required
    • Experience with Moody's Analytics AXIS
    • Ideal candidates have a strong desire to set and exceed challenging goals with high energy and a drive for superior results
    • Successful candidates will demonstrate excellent communication skills with the ability to effectively influence others as well as present issues, options and recommendations to both technical and non-technical audiences
    • Ability to work well in a team and individual
    Special Conditions

    Please note this is a contract position ending October 31, 2024.

    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 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
    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:


    INSURANCE
    Job Type:

    Contract (Fixed Term)

    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.

    We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

    Join our Talent Community

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    Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at
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