What is the opportunity?

Please note this is an 8 month student opportunity.

• The Actuarial Analyst working with the Product Portfolio team provides key technical actuarial assistance in completing and ensuring the integrity of RBCI’s Canadian Life & Health actuarial reporting requirements.
• Understand the relationship between the Business Units and Canadian Life & Health Actuarial with an emphasis on the Actuarial Aspects of reserving for Life & Health insurance products
• Utilize data to develop advanced analytical models that allow a greater understanding of the costs, benefits, risks and opportunities inherent in Life & Health insurance products.
• Learn how to use GGY AXIS software to perform reserve quantifications and assist in month end production.
• Develop knowledge and recommend improvements to actuarial valuation process and models.

What will you do?

• Complete monthly transaction based reporting for Corporate Actuarial and their partners.
• Assist with identifying and implementing improvements to actuarial valuation processes.
• Develop and maintain statistical models of valuation data.
• Perform experience studies (Lapse, Mortality, Morbidity) and communicate results to management.
• Assist in CALM quarterly valuation processes and liability cashflows.
• Assist in Year-end reporting, process improvements and other ad-hoc requests.

What do you need to succeed?

Must-have

• Basic programming skills for GGY/Axis, SAS, R
• Ability to communicate effectively (both oral and written) with all “key relationships”
• Experience with Microsoft Word, Access, Excel, Powerpoint
• Pursuing a degree in mathematics/statistics/actuarial science or a related field AND successfully writing preliminary exams of the Society of Actuaries

Nice-to-have

• Prior Co-op experience in similar roles.

What’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.
• All the tools, training, and team support you need to grow your career.
• Sophisticated RBCI software tools to boost your productivity

We encourage you to apply as soon as possible as we accept applications on a rolling basis, but please note that the formal application deadline is September 10, 2021. Should you be selected to progress, someone from our team will reach out directly to provide instructions on next steps. Otherwise, feel free to check for progress updates by logging in to your RBC profile. If the status has not changed, it denotes the fact that your application is still under review.

While there is no one date when our employees will return, we can confirm that the majority of the Integrated Learning | Co-op positions will start working remotely, however may transition to working at an RBC office as essential service restrictions are lifted.

Head Office HO2021 – Siège social

About RBC
Royal Bank of Canada is Canada’s largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We have over 80,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 37 other countries. For more information, please visit rbc.com.

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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 rbc.com/careers.

Inclusion and Equal Opportunity Employment
RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, colour, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status, Aboriginal/Native American status or any other legally-protected factors. Disability-related accommodations during the application process are available upon request.