Job Summary Job Description Job Description What is the opportunity? The Associate Director (Actuarial), Par Inforce Management leads the Par Inforce Management team to take initiatives to understand the inforce experience of PAR products. This role supports various deep-dive investigations, collaborates cross-functionally to resolve complex product issues, in the meantime, this role will lead the experience study of PAR products to review various actuarial assumptions. The role offers high visibility and the opportunity to work closely with senior leadership to shape future direction and priorities. What will you do? Review and refresh the IFRS17 reporting of PAR products. Validate the CSM/Loss Component balance. Enhance the Earnings by Source (EBS) statement by modernizing the data model behind. Track the experience gains and losses and make recommendation on corresponding dividend scale changes. Coordinate with Capital Management team to streamline the LICAT reporting of PAR products Lead the team to produce PAR surplus projection, help with review of PAR account financials and support business decision making. Conduct experience study to support various assumptions review. Other ad-hoc related work as assigned by the team. What will you need to succeed? Must-have: 5+ years Actuarial experience within Life insurance industry. Creativity and dedication to create something from scratch. Experience with GGY AXIS and familiarity with insurance product modeling, pricing, or valuation Solid understanding of PAR products and related actuarial considerations Excellent written and verbal communication skills to convey technical results to non-technical audiences Proven ability to collaborate in a team environment and manage competing priorities Undergraduate degree in Actuarial Science or a related discipline Fellow of Society of Actuaries (FSA) or close to FSA exam progress. Nice-to-have: Strong understanding of data modeling (ETL), familiarity with different database UI. What's in it for you? We thrive on the challenge to be our best, thinking progressively 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. • 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 • Study program for pursuing the actuarial credential • Flexible work/life balance options • Sophisticated RBCI software tools to boost your productivity RBC is committed to supporting flexible work arrangements when and where available. Details to be discussed with Hiring Manager. 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: 2025-07-29 Application Deadline: 2025-08-12 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.
