Job Description What is the opportunity? You will be responsible for supporting actuarial and risk management functions for individual living benefits products. What will you do? Month-end Valuation and Reporting Perform monthly valuation of living benefits liabilities under IFRS17 framework Prepare and validate fulfillment cashflow calculation, roll-forwards and reconciliations. Analyze results and provide clear explanation for key movement and trends Assist in preparing management reports and supporting audit and review process. Experience Studies and Assumption Management Conduct experience studies related to lapse, morbidity etc Analyze emerging experience to inform assumption setting and management decision Collaborate with modeling and pricing teams to ensure consistency of assumptions across functions. Cross-functional Collaboration Work with finance, risk and audit teams to ensure data accuracy and model transparency Provide actuarial insights for strategic initiatives and regulatory reporting What do you need to succeed? Must-have: Bachelor’s degree (or above) majoring in Actuarial Science. Other relevant Majors (e.g. Business, Economics, Mathematics, or Statistics) are acceptable if accompanied with demonstrated knowledge of Actuarial concepts 3 or more actuarial exams is required Strong analytical and problem solving skills, with the ability to be an innovative thinker and understand the "big picture" High energy, results-oriented self-starter with the ability to achieve under tight deadlines in a rewarding and fast-paced environment Strong working experience with GGY AXIS and MS Excel Ability to communicate clearly and concisely with both technical and non-technical audiences Nice-to-have: Working experience with Power BI, R or Tableau Experience working with teams across different platforms Prior knowledge with living benefits products is an asset 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 Job Skills Actuarial Modeling, Critical Thinking, 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: 2025-11-10 Application Deadline: 2025-11-24 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.
