Actuarial Associate Director, Strategic Initiatives
Top Benefits
About the role
Job Description
What is the opportunity?
This role provides critical actuarial advisory support to the portfolio directors in addressing issues related to key product lines including Segregated Fund (Segfund) and Participating (PAR) products. The successful candidate will lead investigations into product-related issues, drive resolutions, and play a significant role in shaping and executing broader strategic initiatives as they evolve.
What will you do?
- Lead collaboration with the portfolio directors and cross-functional teams to investigate and resolve issues related to key product lines such as Segfund and PAR product, including but not limited to CSM emergence, profitability, and AXIS model enhancement
- Provide actuarial analysis and insights to support resolution of identified product issues
- Drive strategic initiatives that improve product sustainability and ensure alignment with regulatory and policyholder expectations
- Conduct scenario analysis, modeling, and sensitivity testing using GGY AXIS and other actuarial tools
- Summarize findings and recommendations into clear, actionable presentations for senior leadership
- Lead and contribute to ad-hoc projects as the strategic program evolves
What will you need to succeed?
**Must-have **
- Undergraduate degree or minimum 4 years’ professional experience in Actuarial Science
- Knowledge of IFRS 17, preferably including the Variable Fee Approach (VFA) and its application to relevant insurance products
- Extensive experience with GGY AXIS and familiarity with insurance product modeling and valuation
- Excellent written and verbal communication skills to convey technical results to non-technical audiences
- Strong analytical mindset and attention to detail for complex problem solving and investigative work
Nice-to-have
- Experience with segregated fund or participating (PAR) products and related actuarial considerations is preferred
- FSA or close to FSA designation
- Demonstrated leadership in cross-functional collaboration and the ability to manage multiple, competing priorities in a fast-paced environment
What's in it for you?
We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
- 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
- Study program for pursuing the actuarial credential
- Flexible work/life balance options
Job Skills
Actuarial Analysis, Actuarial Modeling, Actuarial Reserving, Actuarial Services, Actuarial Valuation, Critical Thinking, Cross-Functional Teamwork, Insurance Finance and Actuarial Concepts, Insurance Risk Management, Leadership, Multi-Level Communication, 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:
2025-09-04
Application Deadline:
2025-09-19
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.
Actuarial Associate Director, Strategic Initiatives
Top Benefits
About the role
Job Description
What is the opportunity?
This role provides critical actuarial advisory support to the portfolio directors in addressing issues related to key product lines including Segregated Fund (Segfund) and Participating (PAR) products. The successful candidate will lead investigations into product-related issues, drive resolutions, and play a significant role in shaping and executing broader strategic initiatives as they evolve.
What will you do?
- Lead collaboration with the portfolio directors and cross-functional teams to investigate and resolve issues related to key product lines such as Segfund and PAR product, including but not limited to CSM emergence, profitability, and AXIS model enhancement
- Provide actuarial analysis and insights to support resolution of identified product issues
- Drive strategic initiatives that improve product sustainability and ensure alignment with regulatory and policyholder expectations
- Conduct scenario analysis, modeling, and sensitivity testing using GGY AXIS and other actuarial tools
- Summarize findings and recommendations into clear, actionable presentations for senior leadership
- Lead and contribute to ad-hoc projects as the strategic program evolves
What will you need to succeed?
**Must-have **
- Undergraduate degree or minimum 4 years’ professional experience in Actuarial Science
- Knowledge of IFRS 17, preferably including the Variable Fee Approach (VFA) and its application to relevant insurance products
- Extensive experience with GGY AXIS and familiarity with insurance product modeling and valuation
- Excellent written and verbal communication skills to convey technical results to non-technical audiences
- Strong analytical mindset and attention to detail for complex problem solving and investigative work
Nice-to-have
- Experience with segregated fund or participating (PAR) products and related actuarial considerations is preferred
- FSA or close to FSA designation
- Demonstrated leadership in cross-functional collaboration and the ability to manage multiple, competing priorities in a fast-paced environment
What's in it for you?
We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
- 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
- Study program for pursuing the actuarial credential
- Flexible work/life balance options
Job Skills
Actuarial Analysis, Actuarial Modeling, Actuarial Reserving, Actuarial Services, Actuarial Valuation, Critical Thinking, Cross-Functional Teamwork, Insurance Finance and Actuarial Concepts, Insurance Risk Management, Leadership, Multi-Level Communication, 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:
2025-09-04
Application Deadline:
2025-09-19
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.