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

RBC 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.

What 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 have

• Knowledge of MS Word, Excel, Access and Outlook

• Solid technical and analytical skills with strong problem-solving ability

• Strong written and verbal communication skills

• Highly motivated self-starter and team player

Nice to have

• Actuarial exposure/background

• Previous experience with Moody's/GGY AXIS and Datalink

• Knowledge of the Pension Risk Transfer market and/or IFRS17 is a definite asset

• Predictive analytics and Tableau knowledge

• Knowledge of current longevity trends

• French speaking would be an asset

Please note:

In order to be eligible for these student positions, you must either:

• Be returning back to school after the work term end-date; or

• If 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 successfully

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.

• 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

• Flexible work/life balance options

RBC 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.

Communication, Computer Literacy, Detail-Oriented, Interpersonal Relationships, Listening Effectively, Personal Development, Personal Initiative

Additional Job Details

MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR:MISSISSAUGAMISSISSAUGACanada37.5Full timeINSURANCEStudent/Coop (Fixed Term)Salaried2024-12-132025-01-17

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment