Associate Director, Individual Life Pricing
Top Benefits
About the role
What is the opportunity?
Join our Individual Pricing team as an Associate Director, where you will take a lead role in pricing and optimizing the participating whole life product suites. This position offers the chance to apply your actuarial expertise to shape sustainable and competitive product solutions in a dynamic market. Work closely with cross-functional teams and contribute to meaningful projects that directly impact business growth.
What will you do?
•Lead the development and pricing of Par Whole Life products, ensuring alignment with company objectives and regulatory requirements. Conduct profitability analysis, sensitivity testing and risk assessments to support strategic decision-making
•Work as one Pricing team, lead various initiatives and projects for other individual insurance product lines as required
•Manage projects related to product pricing, ensuring deliverables are met and expectations are effectively communicated
•Collaborate with product development, Valuation, sales and underwriting to design competitive product offerings
•Monitor industry trends and emerging risks to inform product innovation and development
•Provide guidance and mentorship to junior team members, fostering their professional growth
What will you need to succeed?
Must Have:
•Bachelor’s Degree in Actuarial Science, Mathematics, Statistics or a relevant fields and actively writing actuarial exams
•Minimum 5 years of actuarial work experience in Pricing, Product development, or related fields with strong understanding of participating whole life insurance products
•Ability to explain complex actuarial concepts and solutions to non-technical stakeholders clearly and effectively
•Knowledge of regulatory frameworks and financial reporting standards, such as IFRS 17, and LICAT
•Familiarity with actuarial valuation, pricing methodologies, and insurance assumptions
•Proficiency in programming languages (e.g., VBA)
•Proficiency in actuarial modeling software (e.g., Moody AXIS)
Nice to Have:
•FSA Designation
•Familiarity with reinsurance and risk management practices
•Demonstrated leadership and mentorship experience in managing or supporting a team
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
• Sophisticated 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, 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:
INSURANCE
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-11-03
Application Deadline:
2025-11-26
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.
Associate Director, Individual Life Pricing
Top Benefits
About the role
What is the opportunity?
Join our Individual Pricing team as an Associate Director, where you will take a lead role in pricing and optimizing the participating whole life product suites. This position offers the chance to apply your actuarial expertise to shape sustainable and competitive product solutions in a dynamic market. Work closely with cross-functional teams and contribute to meaningful projects that directly impact business growth.
What will you do?
•Lead the development and pricing of Par Whole Life products, ensuring alignment with company objectives and regulatory requirements. Conduct profitability analysis, sensitivity testing and risk assessments to support strategic decision-making
•Work as one Pricing team, lead various initiatives and projects for other individual insurance product lines as required
•Manage projects related to product pricing, ensuring deliverables are met and expectations are effectively communicated
•Collaborate with product development, Valuation, sales and underwriting to design competitive product offerings
•Monitor industry trends and emerging risks to inform product innovation and development
•Provide guidance and mentorship to junior team members, fostering their professional growth
What will you need to succeed?
Must Have:
•Bachelor’s Degree in Actuarial Science, Mathematics, Statistics or a relevant fields and actively writing actuarial exams
•Minimum 5 years of actuarial work experience in Pricing, Product development, or related fields with strong understanding of participating whole life insurance products
•Ability to explain complex actuarial concepts and solutions to non-technical stakeholders clearly and effectively
•Knowledge of regulatory frameworks and financial reporting standards, such as IFRS 17, and LICAT
•Familiarity with actuarial valuation, pricing methodologies, and insurance assumptions
•Proficiency in programming languages (e.g., VBA)
•Proficiency in actuarial modeling software (e.g., Moody AXIS)
Nice to Have:
•FSA Designation
•Familiarity with reinsurance and risk management practices
•Demonstrated leadership and mentorship experience in managing or supporting a team
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
• Sophisticated 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, 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:
INSURANCE
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-11-03
Application Deadline:
2025-11-26
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.