Associate Director, Individual Life Valuation

Job Description

What is the opportunity?

The Associate Director will be responsible for supporting actuarial and risk management functions for Individual Life non-participating products (Term, Perm, Universal Life). The role leads the IFRS17 month-end valuation, earnings and experience analysis, valuation process enhancements regarding these portfolios and supports risk oversight. Periodic support might be expected for financial reporting and the creation of the annual Appointed Actuary Report (AAR). The role offers high visibility and the opportunity to work closely with senior leadership to shape future direction and priorities.

What will you do?  

• Supporting and enhancing the actuarial and risk management functions for individual life non-participating products. This includes support for month-end valuation and reporting, valuation methodology and process enhancements, as well as collaborate with other business partners in formulating strategies driven by the results.
• Working with the business and other functional partners on strategic projects and tactical actions, and assist these areas in achieving their goals.
• Support regulatory changes, for example, IFRS 17 enhancements. Provide support as needed to other teams involved in the production of financial results during month-end close period.
• Preparing, distributing and helping interpret actuarial or financial reports for internal and external use.
• Participating in projects involving product development, pricing, reserving and reinsurance issues.
• Gathering and analyzing relevant data from a variety of sources using multiple actuarial tools and techniques.
• Assisting in implementing policies and practices for the design and pricing of insurance financial products.

What do you need to succeed?

Must Have:

• Fellow of Society of Actuaries (FSA) or close to FSA exam progress.
• Actuarial/insurance experience of 5 or more years with demonstrated knowledge of professional standards of practice, the legislative environment and industry best-practices
• Strong analytical and problem solving skills, with the ability to be an innovative thinker and understand the "big picture"
• 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 SQL,  and various database software
• Experience working with teams across different platforms

What is in it for you?

We thrive on the challenge to be our best, progressive thinking, to keep growing, and working together to build and deliver trusted reporting to help our stakeholders succeed and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to take on progressively greater accountabilities

Job Skills

Additional Job Details

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Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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.

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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.