Actuarial Analyst, Individual Pricing - 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

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:

Perform pricing and product development of Life, Health and Wealth insurance products, including Term, Universal Life, Disability, Critical Illness, Participating Whole Life, Payout Annuity, Segregated Fund and other products
Conduct profitability analysis and coordinate approvals for Life, Health and Wealth products' special quotes.
Perform model vetting of the Life, Health and Wealth pricing models
Provide the Pricing Actuary with analysis required to make business decisions
Collaborate with and influence internal business partners, including valuation, product management, project management, corporate underwriting, new business operations, customer service, sales and finance
Assist in reinsurance optimization and strategy
Support inforce reinsurance opportunities
Monitor the accelerated underwriting program

What will you need to succeed?

Have 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
Ability to work well in a team and individually

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:

Insurance

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.

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