Actuarial Associate - RBC, Mississauga

Role overview

The Actuarial Associate will be responsible for supporting actuarial and risk management functions for individual living benefit products. This position offers a great career opportunity within RBC Group Risk Management in Mississauga.

Your impact

In this position, you will drive important financial and analytical initiatives by performing the following tasks:

• Supporting and enhancing the actuarial and risk management functions for individual living benefits products including Disability, Critical illness, Long term Care products, including support for month-end valuation and reporting, experience studies and actuarial modelling.
• Working with the business and other functional partners on strategic projects and tactical actions, and assisting these areas in achieving their goals.
• Support regulatory changes, for example, IFRS 17 enhancements.
• Preparing, distributing and helping interpret actuarial or financial reports for internal and external use.
• Participating in projects involving product development, pricing, reserving and reinsurance issues.
• Gathering and analyzing relevant data from a variety of sources using multiple actuarial tools and techniques.
• Assisting in implementing policies and practices for the design and pricing of insurance financial products.

Skills and experience

To qualify for these RBC jobs, candidates must meet the following mandatory requirements, along with preferred nice-to-have skills:

• 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.
• ASA with 6 or more actuarial exams is required.
• Actuarial/insurance experience of 3 or more years with demonstrated knowledge of professional standards of practice, the legislative environment and industry best-practices.
• Strong analytical and problem-solving skills, with the ability to be an innovative thinker and understand the big picture.
• High energy, results-oriented self-starter with the ability to achieve under tight deadlines in a rewarding and fast-paced environment.
• Strong working experience with GGY AXIS and MS Excel.
• Ability to communicate clearly and concisely with both technical and non-technical audiences.
• Working experience with Power BI, R or Tableau (Nice-to-Have).
• Experience working with teams across different platforms (Nice-to-Have).