Actuarial Associate, Individual Wealth Pricing
Job Summary
Job Description
What is the opportunity?
This role is accountable for developing, pricing, monitoring, and preserving the integrity of the profitability of Segregated Funds and Payout Annuity products, with exposure to our other Individual Health and Life 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?- Maintain and update pricing models for Wealth insurance products; analyze product profitability, sensitivity and risk metrics to support strategic decision-making
- Collaborate with internal business partners, which may include Valuation, Product Management, Risk and Finance
- Prepare documentation and reports to communicate findings, assumptions, and recommendations effectively
- Monitor regulatory changes and ensure product compliance with relevant guidelines
- Participate in automation and process improvement initiatives to enhance efficiency and accuracy in pricing workflows
What will you need to succeed?
Must Have Qualifications:
- Bachelor’s Degree in Actuarial Science, Mathematics, Statistics or a relevant fields, passed a minimum of 2 actuarial exams and actively writing
- Minimum 2 years of actuarial work experience in Pricing, Product development, or related fields
- Experience in actuarial modeling tools (e.g. AXIS) and working knowledge in Excel
- Ability to explain complex actuarial concepts and solutions to non-technical stakeholders clearly and effectively
Nice To Have Qualifications:
- Progress toward FSA destination
- Familiarity with actuarial valuation, pricing methodologies, and insurance assumptions
- Understanding of key regulatory frameworks (IFRS 17, LICAT)
- Experience with wealth-oriented insurance products such as annuities or Segregated Funds
- Proficiency in programming languages (e.g., VBA)
- Familiarity with reinsurance and risk management practices
- Ability to work collaboratively with diverse teams in a fast-paced environment
- 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, Actuarial Services, Critical Thinking, Industry Knowledge, 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:
- 5
Employment Type:
Full time
Platform:
INSURANCE
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-01-09
Application Deadline:
2025-01-25
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 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.
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