Job Description

What is the opportunity?

The Group Annuity Pricing team is looking for a senior staff member to compliment the pricing team due to the significant growth of the Canadian business. This position has responsibility for negotiations with the clients, providing technical support and guidance in model development, and liaising with internal departments for the quotation recommendation and on-boarding of new business. The position requires a proven track record of successful negotiation skills; expert knowledge of software tools including but not limited to the GGY Axis Annuity Model, DataLink, Tableau, and Microsoft Office applications; and be able to lead and direct the completion of all aspects pertaining to the pricing process.

What will you do?

•Lead the development of reinsurance pricing solutions including implementation and maintenance of reinsurance solution for current group annuity block of business as well as for complex or high-impact products

• Supervising product development, pricing and reinsurance decisions for complex or high-impact products from an actuarial perspective including asset strategy discussions with RBC Insurance Investment team and liabilities with RBC GRMI.

•Monitoring economic and regulatory environments, as well as industry and organizational results; applying these to the development of strategies for meeting current and future business needs

•Support development and enhancements of client specific mortality studies and provide support by understanding mortality trends and application of future improvements

•Present and represent Group Annuity product line as a subject matter expert in client discussions, senior management meetings and external consultant discussions pertaining to pension plan de-risking, strategies and best practices

• Assist in validation of key assumptions, gathering and applying market competition, and using business insights to identify trends/opportunities.

What will you need to succeed?

Must Have

• Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Finance or Accounting, and FSA/FCIA designation or ASA and equivalent combined education and experience

• 10+ years of life insurance and/or reinsurance experience in pricing or product development

• Strong knowledge of GGY Axis and DataLink, MS Word, Excel, Access and Outlook

• Effective time management skills

• Strong written and verbal communication skills

• Superior customer service skills and strong team player

• Superior customer service skills and strong team player

Nice to Have

• Knowledge of Group Annuity, Reinsurance and/or IFRS17 is a definite asset

•Prior experience with mortality studies and strong understanding of mortality trends

• Predictive analytics knowledge

• Experience in managing staff

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, Critical Thinking, Industry Knowledge, Insurance Finance and Actuarial Concepts, Multi-Level Communication, Probability Theory, Risk Analysis Management, Risk Management, System Applications

Additional Job Details

Address:

MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR:MISSISSAUGA

City:

Mississauga

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

INSURANCE

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-09-10

Application Deadline:

2025-10-01

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

Inclusion and Equal Opportunity Employment

At 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.

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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 jobs.rbc.com.