RBC Recruitment – Actuarial Associate

Website RBC

Job Description:

This position has the responsibility for leading and providing technical support in the pricing model development for Request for Quotation (RFQ) for the Pension & Longevity Solutions International Reinsurance team, providing recommendations to RBC Insurance Company Ltd RBCICL) on the accuracy and risk assessment for International Pension Derisking Longevity Reinsurance products.  The position requires strong knowledge of Moody Analytics software Axis (Annuity module) and Datalink, provide analytic support for the completion of the pricing documentation, scenario testing for new business opportunities, and developing capabilities assessment, documentation and presentation of Pension Derisking mortality experience studies.

Job Responsibilities:

  • Assist in the review and updating of pricing assumptions at an annual basis or more frequently is required
  • Lead the pricing model or mortality experience studies development, providing documented recommendations to internal stakeholders and RBCICL
  • Analyze, model, and quantify potential risks associated with the RFQ for International Longevity Reinsurance Axis model development
  • Use EASUi software, other Microsoft applications and Tableau to properly assess and present the mortality experience studies and recommendations in order to determine premium to meet client target premiums and RBC profit objectives

Job Requirements:

  • Superior customer service skills and strong team player
  • Strong written and verbal communication skills
  • Strong knowledge of AXIS and Datalink, Microsoft Office applications
  • Effective time management skills

Qualification & Experience:

  • Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Finance or Accounting, and ASA/ACIA designation or similar international actuarial designation or near ASA and completion of 1 FSA exam/module
  • 3 to 5 years of pension, life insurance and/or reinsurance experience in either a pricing, product development or valuation role

Job Details:

Company: RBC

Vacancy Type: Full Time

Job Location: Mississauga, CA

Application Deadline: N/A

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