Director, Corporate Actuarial

RBC • Mississauga, ON

5d • Onsite

About The Position

The Corporate Actuarial team plays a critical role in supporting actuarial excellence and strategic initiatives across all lines of RBC Insurance's business. As the Director of Corporate Actuarial, you will provide leadership and expertise in actuarial assumptions, methodology, external disclosures, and strategic business initiatives. In this role, you will drive innovation through robust actuarial review processes, enhance our methodological frameworks, and ensure regulatory compliance.

Requirements

• Bachelor's degree (or greater) in Actuarial Science, or relevant field (Business, Economics, Mathematics, Statistics) with demonstrated actuarial knowledge
• Fellow of the Society of Actuaries (FSA) and/or Fellow of the Canadian Institute of Actuaries (FCIA)
• 10+ years of insurance experience

Nice To Haves

• IFRS 17 experience preferred

Responsibilities

• Lead the annual review and validation of actuarial assumptions across all portfolios.
• Oversee comprehensive experience studies to ensure assumptions remain appropriate and reflect current business experience and economic conditions.
• Provide expert consulting support and influence on actuarial methodology across all insurance portfolios.
• Champion methodology enhancements and improvements that strengthen our actuarial practices and analytical capabilities across portfolio teams.
• Oversee and coordinate the delivery of entity financial statements and regulatory disclosures, including the Appointed Actuary report, OSFI Life return, and other actuarial reports.
• Ensure full compliance with regulatory requirements and IFRS 17 standards.
• Analyze and explain liability movements, including insurance experience impacts and assumption changes.
• Partner with senior leadership and portfolio teams to support corporate strategic initiatives through actuarial insights, analysis, and recommendations that drive organizational success.
• Demonstrate advanced knowledge of insurance products, features, and risk across multiple business lines (gained through 10+ years of direct or indirect related work experience).
• Maintain expertise in IFRS 17 standards, regulatory compliance requirements, process controls, Life Insurance law, underwriting principles, and life insurance taxation.
• Support and influence portfolio actuaries and cross-functional teams through effective partnerships, strong communication skills (oral and written), and the ability to adapt to change and competing priorities.

Benefits

• A comprehensive Total Rewards Program include competitive compensation and flexible benefits.
• 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.
• Opportunities to do challenging work.
• Opportunities to build close relationships with clients.
• You have the potential to earn more through RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

What This Job Offers

• Job Type: Full-time
• Career Level: Director