Associate Director, Group Pricing

Job Description

What is the opportunity?

Our Group Pricing team is looking for a passionate individual to help us grow RBC Insurance's Group Benefits line of business. This includes reviewing manual rates, experience rating methodology as well as supporting our product, sales and underwriting partners. The role acts as a subject matter expert for all the pricing of Group benefits, and greatly influences the profitable growth of our business line.

What will you do?

• Support pricing strategy and initiatives for group life, disability, and other group benefit products, including review and enhancement of pricing methodologies, assumptions, and governance frameworks

• Monitor and analyze experience trends (profitability, lapse, rate guarantees, claims, incidence), and investigate emerging issues

• Lead sales compensation reporting, including review of retention and profitability performance, supporting compensation structure updates and modeling impacts of changes

• Maintain various pricing tools and rate calculators, ensuring consistency and operational efficiency. Update pricing assumptions and perform testing and validation in experience rating templates

• Provide timely pricing support to sales, underwriting and other partners, including reviewing and approving discounting requests, providing recommendations on special pricing inquires, and handling ad hoc requests

What will you need to succeed?

Must have

• Undergraduate degree in Actuarial Science or a related field, with a minimum of 7+ years of actuarial experience is required. Preferrable a Fellow of the Society of Actuaries (FSA or equivalent)

• Deep understanding of group benefits pricing principles and market knowledge as well as Microsoft Excel

• Ability to identify complex issues, develop innovative solutions, and drive methodological enhancements

• Excellent verbal and written communication skills to convey technical concepts to both technical and non-technical stakeholders

Nice to have

• Proven ability to lead and mentor a team, fostering a collaborative and high-performance environment

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

Additional Job Details

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

Compensation for this position (including salary and discretionary/variable payments) will be determined by factors, including but not limited to candidate's experience, skills, registration status, performance, individual goals, market conditions, and business needs.

Pay Range

The expected pay range for this position is:

The pay range provided is for the primary work location referenced in the Additional Job Details section of this job posting. Pay ranges may differ based on location. If the posting lists multiple job locations, a recruiter can confirm availability of the role and the relevant pay rage for the additional…