Actuarial Analyst - Individual Valuation Job Mississauga area,Ontario Canada,Finance & Banking

Position: Actuarial Analyst - Individual Life Valuation

Job Description

What is the opportunity?Reporting to the team leader of GRMI (Group Risk Management – Insurance), the incumbent will be responsible for end-to-end management of portfolio valuation and analysis for RBC Insurance's insurance products, with an emphasis on Traditional and Universal Life Products.
What will you do?

You will support and enhance annual experience study, gather and analyze study data using R, interpret emerging results using Tableau, and propose new assumptions for valuation and actionable items for the business. Comply with SoX controls and EUC requirements

You will support and enhance IFRS
17 actuarial financial reporting including but not limited to:
Month-end/Quarter-end process, AA Report, and income forecast. In addition, provide the business with implications of emerging financial results and related metrics, particularly earning by sources (EBS), mortality, morbidity, lapse, capital impact, etc.

You will work closely with the business and other functional partners on strategic projects and tactical actions, and assist these areas in achieving their goals.

You will support risk governance and oversight, support annual update of risk appetite and delegated authority, and ensure top and emerging risks remain within risk appetite through frequent monitoring.

You will support regulatory changes, projects, adhoc requests which may arise

What will you need to succeed?
Must-Have

Bachelor’s degree (or above) majoring in Actuarial Science or Statistics with a minimum of 3 SOA exams

Minimum 1 to 2 years of relevant actuarial experience

Actuarial / insurance experience with demonstrated knowledge of professional standards of practice, the legislative environment and industry best-practices

Strong analytical and problem solving skills, with the ability to be an innovative thinker and understand the "big picture"

High energy, results-oriented self-starter with the ability to achieve under tight deadlines in a rewarding and fast-paced environment

Nice-to-Have:

Working experience with GGY AXIS, SQL, Python, R languages and Tableau

Experience with deep-dive analytics, predictive modelling or artificial intelligence. Familiar with data mining, statistical modeling, and machine learning

Ability to communicate clearly and concisely with both technical and non-technical audience

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

Flexible work/life balance options

Sophisticated RBCI software tools to boost your productivity

Job Skills
Actuarial Modeling, Critical Thinking, 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:

Final date to receive applications:

Note: Applications will be accepted until 11:59 PM on the day prior to the Final date to receive applications date aboveI
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.

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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity lified applicants may be contacted to review their resume in more detail.


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