What is the opportunity?

Join our Product Management team as an Actuarial Associate, where you will take a lead role in providing actuarial expertise for product profitability management, reinsurance strategy, and assist with managing all reinsurance treaties for RBC Insurance. You will have an opportunity to gain experience in your actuarial career through various deep dives into the company’s reinsurance portfolio, including but not limited to support potential reinsurance treaty recaptures and analysis whether any reinsurance treaties should be closed for new business.

What will you do?

•Provide actuarial expertise and analysis regarding effectiveness of reinsurance treaties on the overall profitability by product, support colleague with product dashboards for all RBC Insurance products

•Assist with any actuarial tasks that may arise with work related to, but not limited to, Board of Directors and regulatory reporting, various other product related working groups, running valuation models for product and reinsurance analysis, etc.

•Manage the monthly process to ensure accurate and timely analytics from the Reinsurance Dashboard in Tableau, collaborating with Actuarial colleagues to ensure month-end reinsurance valuation data (at reinsurer company & treaty level) is ready for analysis

•Prepare, compile, and summarize various actuarial metrics into impactful PowerPoint presentations, to effectively deliver on the team’s mandate of Reinsurance Strategy, Treaty Management, and Profitability Monitoring

•Support for any other reinsurance related work

What will you need to succeed?

Must have:

•Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a relevant field

•Minimum 2 years of actuarial work experience in Product management, or related fields with strong understanding of life and health insurance products

•Ability to explain complex actuarial concepts and solutions to non-technical stakeholders clearly and effectively

•Knowledge of regulatory frameworks and financial reporting standards, such as IFRS 17, and LICAT

•Familiarity with actuarial valuation, pricing methodologies, and insurance assumptions

•Proficiency in programming languages (e.g., VBA, Python, R), actuarial modeling software (e.g., Moody AXIS), and data analytics/visualization tools (e.g., Tableau)

Nice to have:

•Actively writing actuarial exams

•ASA Designation.

•Familiarity with reinsurance and risk management practices.

•Demonstrated leadership and mentorship experience in managing or supporting a team.

Special Conditions

Please note the successful candidate will be entitled to participate in the RBC Actuarial Study Program.

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

• Sophisticated RBCI software tools to boost your productivity

RBC Insurance 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

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

MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR:MISSISSAUGAMississaugaCanada37.5Full timeINSURANCERegularSalaried2025-05-292025-08-30

Note: Applications will be accepted until 11:59 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.