Senior Actuarial Analyst, Annuities & Other Benefits
Top Benefits
About the role
Job Description
What is the opportunity?
The Senior Actuarial Analyst, Annuities & Other Benefits supports the valuation team of Group Annuity (Pension Risk Transfer) portfolio and Individual Annuity portfolio as well as the portfolio of other benefits to perform financial reporting on monthly basis and support the creation of Appointed Actuary Report (AAR) every fiscal year. This role also supports the annual experience studies regarding its portfolios and supports the risk review of Group Annuity deal quotes. The role offers high visibility and the opportunity to work with the high-volume new business block to shape future direction and priorities.
What will you do?
Month-end Valuation and Reporting
- Support an actuarial valuation team to perform the production of results during every month-end close period under IFRS17 framework
- Support the improvement and maintenance of the Earnings by Source statement to help explain financial results.
- Support the improvement and maintenance of CSM rollforward for the respective portfolios.
Experience Studies and Others
- Conduct and complete the annual experience studies to analyze the experience emergence of respective portfolios.
- Work with finance, risk and audit teams to ensure data accuracy and model transparency
- Other ad-hoc related work as assigned by various stakeholders
What will you need to succeed?
Must-have
- Experience with GGY AXIS
- Familiarity with insurance product modeling, pricing, or valuation
- Excellent written and verbal communication skills to convey technical results to non-technical audiences
- Proven ability to collaborate in a team environment and manage competing priorities
- Undergraduate degree in Actuarial Science or a related discipline
- Associate of the Society of Actuaries (ASA) or close to ASA exam progress.
Nice to have
- Working experience with Power BI, R or Tableau
- Experience working with teams across different platforms
- Prior knowledge with living benefits products is an asset
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
- Actuarial study program
- 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:
37.5
Employment Type:
Full time
Platform:
GROUP RISK MANAGEMENT
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-11-18
Application Deadline:
2025-12-03
Note**:** Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
I****nclusion and Equal Opportunity Employment
At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
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 jobs.rbc.com.
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, Annuities & Other Benefits
Top Benefits
About the role
Job Description
What is the opportunity?
The Senior Actuarial Analyst, Annuities & Other Benefits supports the valuation team of Group Annuity (Pension Risk Transfer) portfolio and Individual Annuity portfolio as well as the portfolio of other benefits to perform financial reporting on monthly basis and support the creation of Appointed Actuary Report (AAR) every fiscal year. This role also supports the annual experience studies regarding its portfolios and supports the risk review of Group Annuity deal quotes. The role offers high visibility and the opportunity to work with the high-volume new business block to shape future direction and priorities.
What will you do?
Month-end Valuation and Reporting
- Support an actuarial valuation team to perform the production of results during every month-end close period under IFRS17 framework
- Support the improvement and maintenance of the Earnings by Source statement to help explain financial results.
- Support the improvement and maintenance of CSM rollforward for the respective portfolios.
Experience Studies and Others
- Conduct and complete the annual experience studies to analyze the experience emergence of respective portfolios.
- Work with finance, risk and audit teams to ensure data accuracy and model transparency
- Other ad-hoc related work as assigned by various stakeholders
What will you need to succeed?
Must-have
- Experience with GGY AXIS
- Familiarity with insurance product modeling, pricing, or valuation
- Excellent written and verbal communication skills to convey technical results to non-technical audiences
- Proven ability to collaborate in a team environment and manage competing priorities
- Undergraduate degree in Actuarial Science or a related discipline
- Associate of the Society of Actuaries (ASA) or close to ASA exam progress.
Nice to have
- Working experience with Power BI, R or Tableau
- Experience working with teams across different platforms
- Prior knowledge with living benefits products is an asset
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
- Actuarial study program
- 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:
37.5
Employment Type:
Full time
Platform:
GROUP RISK MANAGEMENT
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-11-18
Application Deadline:
2025-12-03
Note**:** Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
I****nclusion and Equal Opportunity Employment
At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
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 jobs.rbc.com.
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.