Actuarial Analyst

RBC•Mississauga, ON

7d•Onsite

About The Position

The Actuarial Analyst will be responsible for the delivery of the RBC Insurance Economic and Regulatory Capital reporting, including supporting components. This role also involves building new Capital models, improving capital modeling methodologies, and maintaining/updating existing Capital models. The primary responsibility is the quarterly delivery of RBC Insurance Economic Capital reporting, with assistance in regulatory capital reporting such as Life Insurance Capital Adequacy Test (LICAT) and Financial Condition Testing (FCT).

Requirements

Strong analytical and communication skills.
Strong technical skills in GGY AXIS, R, MS Excel and MS Access (SQL).
1 year of related actuarial work experience.
Solid understanding of actuarial principles, practices, and modeling logics for valuation and capital projections.
Excellent problem-solving skills for identifying and recommending enhancements to existing frameworks and methodologies.
Knowledge of life insurance standards of practice, capital regime, reserving principles, insurance accounting, product design and administration, and pricing framework.

Responsibilities

Support the quarter-end reporting for Economic Capital for RBC Insurance, including model runs, recalibrations, improvements, data processing, and results analysis.
Support the identification, development, and implementation of enhancements to existing capital forecast methodologies and frameworks.
Maintain Economic Capital model methodology documentations and model change procedures.
Assist in LICAT forecasting, explaining quarterly movements and filing of LICAT results with OSFI before deadlines.
Support ad-hoc projects and activities, primarily on IFRS 17 LICAT model change, methodology improvements, and committee reporting.
Assist with other RBC Insurance risk capital functionalities, which may include Enterprise Wide Stress Testing (EWST) for insurance divisions, ORSA sensitivity tests, and other ad-hoc stress testing.