Job Summary RBC Insurance, through its operating entities, provides a wide range of travel, life, health, home, auto, wealth and insurance products and solutions. Also, it offers creditor and business reinsurance services to both individual and group clients. We are one of the largest insurance companies within a Canadian bank and among the fastest growing insurance organizations in the country. RBC Insurance employs more than 3,200 employees around the globe and is the brand name for the insurance operating entities of Royal Bank of Canada. Job Description Your application will be reviewed for consideration across multiple positions with responsibilities aligned to those described in this job posting. What is the opportunity? As an Actuarial Co-op Student, you will receive an excellent opportunity to gain hands-on experience with real-world business problems, be challenged to resolved complex tasks, and provided with valuable on-the-job trainings. This role will offer you an exciting opportunity to be part of the largest bank owned insurance company in Canada; you will apply, enhance, and develop experience and working knowledge to perform a combination of challenging tasks and operational assignments. RBC Insurance offers a very inclusive team that works cohesively together, which is integral to the success of continuing to grow all lines of business. We commit to formally structured access to leaders across our actuarial teams, and other business areas, to ensure you are learning all aspects of insurance and are prepared for a successful and rewarding career. What will you do? Learn, influence, and innovate end to end aspects of the business ranging from sales to pricing and valuation to risk & capital. These roles will offer opportunities to gain exposures to all areas of business. Creating pricing and valuation models for complex and high-impact products from an actuarial perspective including but not limited to asset strategy discussions with RBC Insurance Investment team and liability cash flow management with RBC Risk Management. Assist in validation of key assumptions, gathering and applying market competition, and using business insights to identify trends/opportunities. Using software like AXIS, R, SQL and MS Excel to produce and analyze results, communicate findings to respective stakeholders to obtain their approvals. Develop, maintain, and enhance new and existing tools to better streamline processes. Collaborate with fellow actuarial and non-actuarial colleagues to achieve success. Conduct monthly/quarterly valuation reporting, and communicate results and findings to management. Model and analyze Special Quotes to better serve our clients’ needs. Support monthly/quarterly capital measurement analysis and reporting. What do you need to succeed? Must have Knowledge of MS Office Suite Solid technical and analytical skills with strong problem-solving ability Strong written and verbal communication skills Highly motivated self-starter and team player Nice to have Pursuing a university degree in Actuarial Science, Finance, Statistics, or Mathematics Actuarial exposure/background 2-3 CAS/SOA exams completed Previous experience with Moody’s/GGY AXIS Knowledge of IFRS17, predictive analytics and Tableau are definite assets Programing experience in R, VBA and SQL Please note: In order to be eligible for these student positions, you must either: Be returning back to school after the work term end-date; or If you are not returning back to school (i.e. are graduating immediately after the work term), you must require the full work term as a mandatory component in order to graduate successfully 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. Leaders who support your development through coaching and managing opportunities Ability to make a difference and lasting impact Work in a dynamic, collaborative, progressive, and high-performing team Flexible work/life balance options 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 Communication, Computer Literacy, Detail-Oriented, Interpersonal Relationships, Listening Effectively, Personal Development, Personal Initiative 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: INSURANCE Job Type: Student/Coop (Fixed Term) Pay Type: Salaried Posted Date: 2025-04-25 Application Deadline: 2025-06-16 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. Join our Talent Community Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you. Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com. Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 84,000+ employees who bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to more than 16 million clients in Canada, the U.S. and 34 other countries. Learn more at rbc.com.? We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.
