Senior Director, Individual Pricing
Top Benefits
About the role
Job Description
What is the opportunity?
This role is responsible for the pricing of all individual life, health and wealth lines of business. The incumbent must have deep understanding of individual insurance products value proposition to clients, the competitive landscape, actuarial pricing and reserving, along with operational understanding around sales, distribution and servicing. The Senior Director, Individual Pricing will assist in driving our strategic objectives forward in an effort to significantly enhance both the recognition and value of the RBC Insurance brand. Understanding and communicating profit emergence and volatility of individual products in relation to RBCI’s strategy, and optimizing the results will be crucial to this role.
What will you do?
• Oversight of the pricing and development of RBC Insurance’s Individual life, health and wealth products in accordance with Pricing and Risk Management Corporate Policies
• Support business strategy to build solid competitive advantages and introduce new product features / modify existing product features
• Provide ongoing monitoring, quarterly review and reporting to ensure disclosure and enable sound understanding and management of all key products pricing
• Review profitability reports for Individual L&H, and recommends actions that will produce profitable growth
• Evaluate and maintain the profitability metrics through actuarial thought leadership, research, and robust quantitative analysis
• Collaborate with and influence internal business partners including Product Management, Product Development, Corporate Underwriting, Group Risk Management, Finance, New Business Operations, Customer Service and Sales
• Interact and negotiate with external partners including reinsurers, and industry groups
What will you need to succeed?
• 10+ years of experience in the life insurance industry
• Bachelor’s degree in Actuarial Science, Math, Statistics or Science
• Fellow of the Society of Actuaries or Fellow of the Canadian Institute of Actuaries
• Leadership skills to engage teams with varying technical or operational disciplines including ability to communicate effectively to drive actions to support business growth
• Ability to influence senior leaders in cross functional areas
• Very strong analytical and technical skills, including finance, operations, sales/marketing and distribution
• Actuarial knowledge of individual insurance standards of practice, reserving principles, product design, pricing framework, capital regime, and regulatory compliance guidelines
• Ability to juggle multiple, time sensitive priorities while dealing with ambiguity and work under pressure which often requires agile thinking around complex problems
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
• RBCI software tools to boost your productivity
RBC is an organization that succeeds by bringing out the best in its people. You’ll be part of a supportive, inclusive team that shares common values – including a fundamental respect for each other. At the heart of this is a commitment to diversity. RBC respects and responds to the many competing and evolving priorities in our lives – so you can focus on what you can do best – putting clients first.
Job Skills
Actuarial Modeling, Actuarial Services, Coaching Others, Customer Success, Industry Knowledge, Insurance Finance and Actuarial Concepts, Multi-Level Communication, Probability Theory, Risk Analysis Management, Risk Management
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:
2025-09-08
Application Deadline:
2025-10-01
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
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 Director, Individual Pricing
Top Benefits
About the role
Job Description
What is the opportunity?
This role is responsible for the pricing of all individual life, health and wealth lines of business. The incumbent must have deep understanding of individual insurance products value proposition to clients, the competitive landscape, actuarial pricing and reserving, along with operational understanding around sales, distribution and servicing. The Senior Director, Individual Pricing will assist in driving our strategic objectives forward in an effort to significantly enhance both the recognition and value of the RBC Insurance brand. Understanding and communicating profit emergence and volatility of individual products in relation to RBCI’s strategy, and optimizing the results will be crucial to this role.
What will you do?
• Oversight of the pricing and development of RBC Insurance’s Individual life, health and wealth products in accordance with Pricing and Risk Management Corporate Policies
• Support business strategy to build solid competitive advantages and introduce new product features / modify existing product features
• Provide ongoing monitoring, quarterly review and reporting to ensure disclosure and enable sound understanding and management of all key products pricing
• Review profitability reports for Individual L&H, and recommends actions that will produce profitable growth
• Evaluate and maintain the profitability metrics through actuarial thought leadership, research, and robust quantitative analysis
• Collaborate with and influence internal business partners including Product Management, Product Development, Corporate Underwriting, Group Risk Management, Finance, New Business Operations, Customer Service and Sales
• Interact and negotiate with external partners including reinsurers, and industry groups
What will you need to succeed?
• 10+ years of experience in the life insurance industry
• Bachelor’s degree in Actuarial Science, Math, Statistics or Science
• Fellow of the Society of Actuaries or Fellow of the Canadian Institute of Actuaries
• Leadership skills to engage teams with varying technical or operational disciplines including ability to communicate effectively to drive actions to support business growth
• Ability to influence senior leaders in cross functional areas
• Very strong analytical and technical skills, including finance, operations, sales/marketing and distribution
• Actuarial knowledge of individual insurance standards of practice, reserving principles, product design, pricing framework, capital regime, and regulatory compliance guidelines
• Ability to juggle multiple, time sensitive priorities while dealing with ambiguity and work under pressure which often requires agile thinking around complex problems
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
• RBCI software tools to boost your productivity
RBC is an organization that succeeds by bringing out the best in its people. You’ll be part of a supportive, inclusive team that shares common values – including a fundamental respect for each other. At the heart of this is a commitment to diversity. RBC respects and responds to the many competing and evolving priorities in our lives – so you can focus on what you can do best – putting clients first.
Job Skills
Actuarial Modeling, Actuarial Services, Coaching Others, Customer Success, Industry Knowledge, Insurance Finance and Actuarial Concepts, Multi-Level Communication, Probability Theory, Risk Analysis Management, Risk Management
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:
2025-09-08
Application Deadline:
2025-10-01
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
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.