2025 Insurance, Summer Actuarial Analyst (4-16 months)

Job title:

2025 Insurance, Summer Actuarial Analyst (4-16 months)

Company

Royal Bank of Canada

Job description

Job SummaryRBC Insurance, through its operating entities, provides a wide range of travel, life, health, home, auto, wealth and insurance products and solutions. Also, it offers creditor and business reinsurance services to both individual and group clients. We are one of the largest insurance companies within a Canadian bank and among the fastest growing insurance organizations in the country. RBC Insurance employs more than 3,200 employees around the globe and is the brand name for the insurance operating entities of Royal Bank of Canada.Job DescriptionWhat is the opportunity?As an Actuarial Analyst, you will provide support to RBC Insurance. You will be part of a very inclusive team that works cohesively together. In this role, you will apply experience and working knowledge to perform a combination of routine tasks and operational assignments.What will you do?Learn, influence, and innovate end to end aspects of the business ranging from sales and marketing to pricing and negotiations. This role will provide exposure to all areas of business.Creating pricing and reinsurance models for complex and high-impact products from an actuarial perspective including asset strategy discussions with RBC Insurance Investment team and liability cash flow management with RBC Risk Management.Develop the ability to liaise and negotiate with plan sponsors and their consultants with the goal of maintaining RBC’s strong partnerships.Assist in validation of key assumptions, gathering and applying market competition, and using business insights to identify trends/opportunities.Provide support to operations team to ensure proper administration of placed deals and collaboration with RBC legal counsel on contract wording, business procedures and policy terms.What do you need to succeed?Must haveKnowledge of MS Word, Excel, Access and OutlookSolid technical and analytical skills with strong problem-solving abilityStrong written and verbal communication skillsHighly motivated self-starter and team playerNice to haveActuarial exposure/backgroundPrevious experience with Moody’s/GGY AXIS and DatalinkKnowledge of the Pension Risk Transfer market and/or IFRS17 is a definite assetPredictive analytics and Tableau knowledgeKnowledge of current longevity trendsFrench speaking would be an assetPlease note:In order to be eligible for these student positions, you must either:Be returning back to school after the work term end-date; orIf you are not returning back to school (i.e. are graduating immediately after the work term), you must require the full work term as a mandatory component in order to graduate successfullyWhat’s in it for you?We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.Leaders who support your development through coaching and managing opportunitiesAbility to make a difference and lasting impactWork in a dynamic, collaborative, progressive, and high-performing teamFlexible work/life balance optionsRBC Insurance is an organization that succeeds by bringing out the best in its people. You’ll be part of a supportive, inclusive team that shares common values – including a fundamental respect for each other. At the heart of this is a commitment to diversity. RBC respects and responds to the many competing and evolving priorities in our lives – so you can focus on what you can do best – putting clients first.Job Skills Communication, Computer Literacy, Detail-Oriented, Interpersonal Relationships, Listening Effectively, Personal Development, Personal InitiativeAdditional Job DetailsAddress: MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR:MISSISSAUGACity: MISSISSAUGACountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: INSURANCEJob Type: Student/Coop (Fixed Term)Pay Type: SalariedPosted Date: 2024-12-13Application Deadline: 2025-01-17Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion and Equal Opportunity EmploymentAt RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at .

Expected salary

Location

Mississauga, ON

Job date

Sat, 14 Dec 2024 07:27:39 GMT

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