Associate Director, Group Pricing

Royal Bank of Canada View all jobs

Mississauga, ON
$95,000-145,000 per year
Permanent
Full-time

1 month ago

Job DescriptionWhat is the opportunity?Our Group Pricing team is looking for a passionate individual to help us grow RBC Insurance's Group Benefits line of business. This includes reviewing manual rates, experience rating methodology as well as supporting our product, sales and underwriting partners. The role acts as a subject matter expert for all the pricing of Group benefits, and greatly influences the profitable growth of our business line.What will you do?

Support pricing strategy and initiatives for group life, disability, and other group benefit products, including review and enhancement of pricing methodologies, assumptions, and governance frameworks

Monitor and analyze experience trends (profitability, lapse, rate guarantees, claims, incidence), and investigate emerging issues

Lead sales compensation reporting, including review of retention and profitability performance, supporting compensation structure updates and modeling impacts of changes

Maintain various pricing tools and rate calculators, ensuring consistency and operational efficiency. Update pricing assumptions and perform testing and validation in experience rating templates

Provide timely pricing support to sales, underwriting and other partners, including reviewing and approving discounting requests, providing recommendations on special pricing inquires, and handling ad hoc requests

What will you need to succeed?Must have

Undergraduate degree in Actuarial Science or a related field, with a minimum of 7+ years of actuarial experience is required. Preferrable a Fellow of the Society of Actuaries (FSA or equivalent)

Deep understanding of group benefits pricing principles and market knowledge as well as Microsoft Excel

Ability to identify complex issues, develop innovative solutions, and drive methodological enhancements

Excellent verbal and written communication skills to convey technical concepts to both technical and non-technical stakeholders

Nice to have

Proven ability to lead and mentor a team, fostering a collaborative and high-performance environment

What's in it for you?

A Total Rewards program that includes flexible benefits, work/life balance and career development programs and investment and retirement savings plans

Competitive pay and high-earning potential

All the tools, training, and team support you need to grow your career

Flexible work/life balance options

RBCI software tools to boost your productivity

RBC 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 Actuarial Modeling, Actuarial Services, Communication, Critical Thinking, Industry Knowledge, Insurance Finance and Actuarial Concepts, Leadership Management, Multi-Level Communication, Probability Theory, Risk Analysis Management, Risk Management, System Applications, Technical KnowledgeAdditional Job DetailsAddress: MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR:MISSISSAUGACity: MississaugaCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: INSURANCEJob Type: RegularPay Type: SalariedPosted Date: 2026-02-24Application Deadline: 2026-03-18Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveCompensation for this position (including salary and discretionary/variable payments) will be determined by factors, including but not limited to candidate's experience, skills, registration status, performance, individual goals, market conditions, and business needs.Pay RangeThe expected pay range for this position is: $95,000.00 - $145,000.00The pay range provided is for the primary work location referenced in the Additional Job Details section of this job posting. Pay ranges may differ based on location. If the posting lists multiple job locations, a recruiter can confirm availability of the role and the relevant pay rage for the additional locations listed. RBC supports pay transparency and we strive to ensure all pay ranges are competitive, fair, and equitable.You have the potential to earn RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided that business meets its performance targets and you meet your individual goals.Inclusion and Equal Opportunity EmploymentAt RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging, and opportunity for all.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 .RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.

Royal Bank of Canada

Apply Now