Actuarial Associate Director, Strategic Initiatives

Royal Bank of Canada

  • Mississauga, ON
  • Permanent
  • Full-time
  • 5 hours ago
Job DescriptionWhat is the opportunity?This role provides critical actuarial advisory support to the portfolio directors in addressing issues related to key product lines including Segregated Fund (Segfund) and Participating (PAR) products. The successful candidate will lead investigations into product-related issues, drive resolutions, and play a significant role in shaping and executing broader strategic initiatives as they evolve.What will you do?
  • Lead collaboration with the portfolio directors and cross-functional teams to investigate and resolve issues related to key product lines such as Segfund and PAR product, including but not limited to CSM emergence, profitability, and AXIS model enhancement
  • Provide actuarial analysis and insights to support resolution of identified product issues
  • Drive strategic initiatives that improve product sustainability and ensure alignment with regulatory and policyholder expectations
  • Conduct scenario analysis, modeling, and sensitivity testing using GGY AXIS and other actuarial tools
  • Summarize findings and recommendations into clear, actionable presentations for senior leadership
  • Lead and contribute to ad-hoc projects as the strategic program evolves
What will you need to succeed?Must-have
  • Undergraduate degree or minimum 4 years’ professional experience in Actuarial Science
  • Knowledge of IFRS 17, preferably including the Variable Fee Approach (VFA) and its application to relevant insurance products
  • Extensive experience with GGY AXIS and familiarity with insurance product modeling and valuation
  • Excellent written and verbal communication skills to convey technical results to non-technical audiences
  • Strong analytical mindset and attention to detail for complex problem solving and investigative work
Nice-to-have
  • Experience with segregated fund or participating (PAR) products and related actuarial considerations is preferred
  • FSA or close to FSA designation
  • Demonstrated leadership in cross-functional collaboration and the ability to manage multiple, competing priorities in a fast-paced environment
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.
  • 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
  • Study program for pursuing the actuarial credential
  • Flexible work/life balance options
Job Skills Actuarial Analysis, Actuarial Modeling, Actuarial Reserving, Actuarial Services, Actuarial Valuation, Critical Thinking, Cross-Functional Teamwork, Insurance Finance and Actuarial Concepts, Insurance Risk Management, Leadership, Multi-Level Communication, Risk Analysis Management, Risk ManagementAdditional Job DetailsAddress: MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR:MISSISSAUGACity: MississaugaCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: INSURANCEJob Type: RegularPay Type: SalariedPosted Date: 2025-09-04Application Deadline: 2025-09-19Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion 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 .

Royal Bank of Canada