What is the opportunity?

The Actuarial Analyst working with the Product Portfolio team provides key technical actuarial assistance in completing and ensuring the integrity of RBCI’s Canadian Life & Health actuarial reporting requirements.

• Understand the relationship between the Business Units and Canadian Life & Health Actuarial with an emphasis on the Actuarial Aspects of reserving for Life & Health insurance products

  Utilize data to develop advanced analytical models that allow a greater understanding of the costs, benefits, risks and opportunities inherent in Life & Health insurance products.

  Learn how to use GGY AXIS software to perform reserve quantifications and assist in month end production.

  Develop knowledge and recommend improvements to actuarial valuation process and models.

  What will you do?

  Assist in IFRS17 valuation process and actuarial financial reporting

  Assist with identifying and implementing improvements to actuarial valuation processes.

  Develop and maintain statistical models of valuation data.

  Perform experience studies (Lapse, Mortality/Morbidity) and communicate results to management.

  Assist in Year-end reporting, process improvements and other ad-hoc requests.

  What do you need to succeed?

  Must-have

  Basic programming skills for GGY/Axis, SAS, R

  Ability to communicate effectively (both oral and written) with all "key relationships"

  Experience with Microsoft Word, Access, Excel, Powerpoint

  Pursuing a degree in mathematics/statistics/actuarial science or a related field AND successfully writing preliminary exams of the Society of Actuaries

  Nice-to-have

  Prior Co-op experience in similar roles.

  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.

  • Network and build lasting relationships with students from diverse backgrounds from across Canada

  • Participate in fun events and gamification challenges to help build your career tool kit while enjoying a work-life balance

  • Leaders who support your development through coaching and learning opportunities

  • Work in a dynamic, collaborative, progressive and highly performing team

  • Ability to make a difference and lasting impact

  • Enjoy a comfortable work environment with the option to dress casually

  Please note: This posting is for a 8-months Winter 2025 Student placement with a start date of January 2025, and end date of August 2025. In order to be eligible for this 8-months Student position, you must either:

• Be returning back to school after the work term end-date of August 2025 ; or
• If you are not returning back to school (i.e. are graduating in August 2025), you must require the full 8-months work term as a mandatory component to in order to graduate successfully.

• Please ensure that you meet these eligibility requirements before applying - candidates who apply but are found to be ineligible are not able to be considered.

  We encourage you to apply as soon as possible as we accept applications on a rolling basis, but please note that the formal application deadline is October 18, 2024. Should you be selected to progress, someone from our team will reach out directly to provide instructions on next steps. Otherwise, feel free to check for progress updates by logging in to your RBC profile. If the status has not changed, it denotes the fact that your application is still under review.

  RBC is committed to supporting flexible work arrangements when and where available. The successful candidate for this role will be required to be located within Ontario for the duration of the work term. Details regarding the specific virtual, hybrid, and in-office arrangements for this Integrated Learning/ Co-op position are to be discussed with the Hiring Manager.

  ET25

Communication, Computer Literacy, Detail-Oriented, Interpersonal Relationships, Listening Effectively, Personal Development, Personal Initiative

Additional Job Details

MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR:MISSISSAUGAMISSISSAUGACanada37.5Full timeGROUP RISK MANAGEMENTStudent/Coop (Fixed Term)Salaried2024-10-072024-10-19

Inclusion and Equal Opportunity Employment