Job Summary Leads in analyzing, evaluating and creating programs to appropriately address all areas of financial risk. Typically manages 2 or more specialized departments comprised of supervisors, managers, professionals, and/or large numbers of operational support employees. Job Description What is the opportunity? This role is accountable for the reinsurance strategy and supporting the pricing, monitoring, and preserving the integrity of the profitability of our individual life and health products. This position supports the attainment of our strategic objectives, including the growth of new lines of business, and greatly influences the brand reputation for RBC Insurance Company. What will you do? • Responsible for new reinsurance treaty negotiation and strategy across individual life and living benefits products as well as monitoring of new business cost value proposition • Serve as the key contact with internal & external reinsurance partners, including any pilots or new proposals the company may consider • Responsible for the oversight and enhancement of the accelerated underwriting monitoring program for life products • Collaborate with and influence internal business partners, including valuation, product, project management, underwriting, new business operations, customer service, sales and finance • Identify and recommend areas of enhancements on new business reinsurance setup. Partner with appropriate stakeholders during implementation What will you need to succeed? Must Have: • Preference will be given to candidates who have achieved their FSA/FCIA designation • Bachelor’s Degree in Actuarial Science, Mathematics, or Statistics • Minimum 5 to 7 years of actuarial experience • Ideal candidates have a strong desire to set and exceed challenging goals with high energy and a drive for superior results • Successful candidates will demonstrate excellent communication skills with the ability to effectively influence others as well as present issues, options and recommendations to both technical and non-technical audiences • Excellent working knowledge of MS Excel and proficient in MS Word & PowerPoint • Excellent working knowledge of GGY AXIS Nice to Have: • Familiarity with actuarial pricing, or actuarial reinsurance • Self-motivated with excellent problem-solving skills & proven outside-the-box thinking • Understanding of key regulatory frameworks (i.e., IFRS17, LICAT, etc.) 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 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, Coaching Others, Customer Success, Industry Knowledge, Insurance Finance and Actuarial Concepts, 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: INSURANCE Job Type: Regular Pay Type: Salaried Posted Date: 2025-05-06 Application Deadline: 2025-05-23 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.
