Job Description

Come Work with Us!

At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.

Whether you\xe2\x80\x99re helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.

Job Title GRM, Actuarial Analyst Intern



What is the opportunity?

The Actuarial Analyst working with the Product Portfolio team provides key technical actuarial assistance in completing and ensuring the integrity of RBCI\xe2\x80\x99s 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\xe2\x80\x99s 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
• Opportunities to do challenging work and make a difference
• Opportunities to building close relationships

Job Summary

Provides technical analyses and support for the actuarial function or department. Applies complete knowledge, skills, and practices to perform assignments.

Address: MISSISSAUGA, Ontario, Canada

City: CAN-ON-MISSISSAUGA

Country: Canada

Work hours/week: 37.5

Employment Type: Full time

Platform: Group Risk Management

Job Type: Student/Coop (Fixed Term)

Pay Type: Salaried

Posted Date: 2023-09-18

Application Deadline: 2023-10-06

Inclusion and Equal Opportunity Employment

At 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.

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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.

Royal Bank of Canada