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As an Actuarial Analyst, you will provide support to RBC Insurance’s Pension & Longevity Solutions Line of Business. You will be part of a very inclusive team that works cohesively together, which is integral to the success of this exciting growing line of business. In this role, you will apply experience and working knowledge to perform a combination of routine tasks and operational assignments.
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.
Are you currently enrolled in a Co-op Program with your school? Are you interested in Actuarial Science, Data Science, or Mathematics? Are you available for a 8 or 12-month work term starting in May? If you answered yes to all these questions, we have an exciting opportunity for you available in RBC Insurance!
Please note: This posting is for an 8 or 12-month Student Summer 2024 placement with a start date of May 2024, and end-date of December 2024 / April 2025. To be eligible for this Student position, you must either:
•Be returning to school after the work term end-date; or
•If you are not returning back to school (i.e. are graduating in December
2024 / April 2025), you must require the work term as a mandatory
component to in order to graduate successfully.
Please ensure that you meet these eligibility requirements before applying - candidates who apply but are found to be ineligible are not able to be considered.
Job Description
What will you do?
- Learn, influence, and innovate end to end aspects of the business ranging from sales and marketing to pricing and negotiations. This role will provide exposure to all areas of business.
- Creating pricing and reinsurance models for complex and high-impact products from an actuarial perspective including asset strategy discussions with RBC Insurance Investment team and liability cash flow management with RBC Risk Management.
- Develop the ability to liaise and negotiate with plan sponsors and their consultants with the goal of maintaining RBC's strong partnerships.
- Assist in validation of key assumptions, gathering and applying market competition, and using business insights to identify trends/opportunities.
- Provide support to operations team to ensure proper administration of placed deals and collaboration with RBC legal counsel on contract wording, business procedures and policy terms.
What will you need to succeed?
Must Have
- Knowledge of MS Word, Excel, Access and Outlook
- 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
- Actuarial exposure/background
- Previous experience with Moody’s/GGY AXIS and Datalink
- Knowledge of the Pension Risk Transfer market and/or IFRS17 is a definite asset
- Predictive analytics and Tableau knowledge
- Knowledge of current longevity trends
- French speaking would be an asset
Please note: This posting is for a 8-month or 12-month Student placement with a start date of May 2024, and end date of December 2024 or April 2025. In order to be eligible for this Student position, 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 in Dec 2024 or April 2025), you must require the full 8 or 12 month work term as a mandatory component to in order to graduate successfully.
Please ensure that you meet these eligibility requirements before applying - candidates who apply but are found to be ineligible are not able to be considered.
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.
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Inclusion and Equal Opportunity Employment
At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.
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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.
