Director Pricing Management Support

Royal Bank of Canada•Mississauga, ON

6d•Onsite

About The Position

This role is responsible for the pricing of the individual non-participating life, living benefits and wealth lines of business, which includes Term, Non-Par Permanent Life, Disability Insurance, Critical Illness, Long Term Care, Segregated Fund and Payout Annuity products. This role supports revenue enhancement and prudent NIAT growth. The Director, Pricing Management Support, will assist in driving our strategic objectives forward in an effort to significantly enhance both the recognition and value of the RBC Insurance brand.

Requirements

7+ years of experience within the life insurance industry (including direct companies, reinsurer, and consulting firms)
Bachelor’s degree in Actuarial Science, Math, Statistics or Science.
Fellow of the Society of Actuaries and/or Fellow of the Canadian Institute of Actuaries.
Leadership skills to engage team
Excellent organization skills to manage multiple priorities and drive outcome
Strong communication skills and collaboration skills to engage with various business partners across the organization
Strong analytical and technical skills to build the foundation for carrying out accountabilities
Knowledge of life insurer’s standard of practice, reserving principle, product design and administration, pricing framework, capital regime, and regulatory compliance guidelines.

Responsibilities

Pricing and development of RBC Insurance’s Individual Life products in accordance with Pricing and Risk Management corporate policies
Support business strategy to build solid competitive advantages and introduce new product features or modify existing product features
Provide ongoing monitoring, quarterly review and reporting to ensure sound understanding and management of product pricing
Recommend strategic business actions based on actuarial profitability analyses
Evaluate and maintain the profitability metrics through actuarial thought leadership, research and robust quantitative analyses
Support and collaborate with internal business partners including product management, product development, corporate underwriting, finance, valuation and operations