Actuarial Associate, Capital Management
Place of work
Mississauga
Job details
Job description, work day and responsibilities
Job Summary
The Actuarial Associate will be responsible for the delivery of the RBC Insurance Regulatory and Economic Capital reporting including a number of the supporting components.
This role also has accountabilities for building new Capital models, improving capital modeling methodologies, as well as maintaining and updating existing Capital models.
Job Description
What is the opportunity?
The Actuarial Associate will be responsible for the delivery of the RBC Insurance Regulatory and Economic Capital reporting including a number of the supporting components.
This role also has accountabilities for building new Capital models, improving capital modeling methodologies, as well as maintaining and updating existing Capital models.
What will you do?
Support the Capital Management team in LICAT, EC, FCT, EWST, ORSA sensitivity test, and other stress testing exercises as required. This usually include model runs, model improvements, data processing, and preliminary analysis of results
Support the identification, development, and implementation of enhancements to existing capital forecast methodologies and frameworks
Facilitate the ongoing monitoring and implementation of regulatory changes, which involve identifying impacts of regulatory changes on capital and recommending strategies for the effective and prudent use of capital
Assist with other RBC Insurance risk capital functionalities as needed, which includes RBCI Economic Capital (EC) modeling and product risk assessment
Must Have:
Strong analytical and communication skills for carrying out accountabilities
Strong technical skills in GGY AXIS, R, MS Excel and MS Access (SQL)
2 to 4 years of related actuarial work experience
Solid understanding of actuarial principles, practices, and modeling logics for valuation and capital projections
Excellent problem solving skills for identifying and recommending enhancements to existing frameworks and methodologies
Knowledge of life insurance standards of practice, capital regime, reserving principles, insurance accounting, product design and administration, and pricing framework
Nice-to-Have:
Knowledge of Tableau, SQL and Python
Understanding of IFRS 17 standard and LICAT.
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 business and career
Flexible work/life balance options
Sophisticated RBCI software tools to boost your productivity and grow your business
Job Skills
Actuarial Modeling, Actuarial Services, Critical Thinking, Industry Knowledge, 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:
2025-04-25
Application Deadline:
2025-05-10
Note: Applications will be accepted until 11:5+ PM on the day prior to the application deadline date above
Inclusion 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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Company address
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Offer ID: #1090764,
Published: 3 days ago,
Company registered: 5 months ago
