Senior Actuarial Analyst
Top Benefits
About the role
Job Description
What is the Opportunity?
Provides technical analyses and support for the actuarial function or department. Applies experience and seasoned knowledge, skills, and practices to perform a variety of assignments.
What will you do?
- Preparing, distributing and helping interpret actuarial or financial reports for internal and external use.
- Participating in projects involving product development, reserving and reinsurance issues.
- Gathering and analyzing relevant data from a variety of sources using multiple actuarial tools and techniques.
- Lead and perform actuarial valuations, financial reporting, and analysis of insurance liabilities under IFRS 17 and other reporting frameworks.
- Review model outputs, investigate variances, and communicate insights to senior management.
- Support the development and implementation of new methodologies, assumptions, and controls.
- Collaborate cross-functionally with Finance, Risk, and Data teams to ensure accuracy and consistency of results.
- Contribute to process improvement and automation initiatives within the actuarial reporting framework.
- Provide guidance, training, and day-to-day support to junior actuarial staff, reviewing their work and helping to develop their technical and analytical skills.
- Prepare management reports and present key findings in a clear and actionable manner.
What do you need to succeed?
Must-have:
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, and actively writing SOA/CIA exams
- ASA/ACIA Designation, with minimum 3-5 years of relevant work experience with strong understanding of life and health insurance products
- 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
- Knowledge of regulatory frameworks and financial reporting standards, such as IFRS 17, and LICAT
- Familiarity with actuarial valuation, pricing methodologies, and insurance assumptions
Nice to have:
- Proficiency in MS Excel, programming languages (e.g., VBA, Python, R, SQL), actuarial modeling software (e.g., Moody AXIS), and data analytics/visualization tools (e.g., Tableau)
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 business and career
- Flexible work/life balance options
- Sophisticated RBCI software tools to boost your productivity and grow your business
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.
Senior Actuarial Analyst
Top Benefits
About the role
Job Description
What is the Opportunity?
Provides technical analyses and support for the actuarial function or department. Applies experience and seasoned knowledge, skills, and practices to perform a variety of assignments.
What will you do?
- Preparing, distributing and helping interpret actuarial or financial reports for internal and external use.
- Participating in projects involving product development, reserving and reinsurance issues.
- Gathering and analyzing relevant data from a variety of sources using multiple actuarial tools and techniques.
- Lead and perform actuarial valuations, financial reporting, and analysis of insurance liabilities under IFRS 17 and other reporting frameworks.
- Review model outputs, investigate variances, and communicate insights to senior management.
- Support the development and implementation of new methodologies, assumptions, and controls.
- Collaborate cross-functionally with Finance, Risk, and Data teams to ensure accuracy and consistency of results.
- Contribute to process improvement and automation initiatives within the actuarial reporting framework.
- Provide guidance, training, and day-to-day support to junior actuarial staff, reviewing their work and helping to develop their technical and analytical skills.
- Prepare management reports and present key findings in a clear and actionable manner.
What do you need to succeed?
Must-have:
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, and actively writing SOA/CIA exams
- ASA/ACIA Designation, with minimum 3-5 years of relevant work experience with strong understanding of life and health insurance products
- 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
- Knowledge of regulatory frameworks and financial reporting standards, such as IFRS 17, and LICAT
- Familiarity with actuarial valuation, pricing methodologies, and insurance assumptions
Nice to have:
- Proficiency in MS Excel, programming languages (e.g., VBA, Python, R, SQL), actuarial modeling software (e.g., Moody AXIS), and data analytics/visualization tools (e.g., Tableau)
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 business and career
- Flexible work/life balance options
- Sophisticated RBCI software tools to boost your productivity and grow your business
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.