2027 Winter - GRMI, Valuation Actuarial Analyst (4-16 months)

RBC • Mississauga, ON

22d • Hybrid

About The Position

As an Actuarial Co-op Student, you will receive an excellent opportunity to gain hands-on experience with real-world business problems, be challenged to resolve complex tasks, and provided with valuable on-the-job trainings. This role will offer you an exciting opportunity to be part of the largest bank owned insurance company in Canada; you will apply, enhance, and develop experience and working knowledge to perform a combination of challenging tasks and operational assignments. RBC Insurance offers a very inclusive team that works cohesively together, which is integral to the success of continuing to grow all lines of business. We commit to formally structured access to leaders across our actuarial teams, and other business areas, to ensure you are learning all aspects of insurance and are prepared for a successful and rewarding career.

Requirements

• Knowledge of MS Office Suite
• Solid technical and analytical skills with strong problem-solving ability
• Strong written and verbal communication skills
• Highly motivated self-starter and team player
• Must be returning back to school after the work term end-date of April/August 2027 or require the full 4/8-months work term as a mandatory component to graduate successfully if not returning to school.
• Must be located within Ontario for the duration of the work term.

Nice To Haves

• Pursuing a university degree in Actuarial Science, Finance, Statistics, or Mathematics
• Actuarial exposure/background
• 2-3 CAS/SOA exams completed
• Previous experience with Moody’s/GGY AXIS
• Knowledge of IFRS17, predictive analytics and Tableau are definite assets
• Programing experience in R, VBA and SQL

Responsibilities

• Learn, influence, and innovate end to end aspects of the business ranging from sales to pricing and valuation to risk & capital.
• Creating pricing and valuation models for complex and high-impact products from an actuarial perspective including but not limited to asset strategy discussions with RBC Insurance Investment team and liability cash flow management with RBC Risk Management.
• Assist in validation of key assumptions, gathering and applying market competition, and using business insights to identify trends/opportunities.
• Using software like AXIS, R, SQL and MS Excel to produce and analyze results, communicate findings to respective stakeholders to obtain their approvals.
• Develop, maintain, and enhance new and existing tools to better streamline processes.
• Collaborate with fellow actuarial and non-actuarial colleagues to achieve success.
• Conduct monthly/quarterly valuation reporting, and communicate results and findings to management.
• Model and analyze Special Quotes to better serve our clients’ needs.
• Support monthly/quarterly capital measurement analysis and reporting.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: No Education Listed