Job Description

What is the opportunity?

This role is responsible for the pricing of all individual life, health and wealth lines of business. The incumbent must have deep understanding of individual insurance products value proposition to clients, the competitive landscape, actuarial pricing and reserving, along with operational understanding around sales, distribution and servicing. The Senior Director, Individual Pricing will assist in driving our strategic objectives forward in an effort to significantly enhance both the recognition and value of the RBC Insurance brand. Understanding and communicating profit emergence and volatility of individual products in relation to RBCI’s strategy, and optimizing the results will be crucial to this role.

What will you do?

• Oversight of the pricing and development of RBC Insurance’s Individual life, health and wealth products in accordance with Pricing and Risk Management Corporate Policies

• Support business strategy to build solid competitive advantages and introduce new product features / modify existing product features

• Provide ongoing monitoring, quarterly review and reporting to ensure disclosure and enable sound understanding and management of all key products pricing

• Review profitability reports for Individual L&H, and recommends actions that will produce profitable growth

• Evaluate and maintain the profitability metrics through actuarial thought leadership, research, and robust quantitative analysis

• Collaborate with and influence internal business partners including Product Management, Product Development, Corporate Underwriting, Group Risk Management, Finance, New Business Operations, Customer Service and Sales

• Interact and negotiate with external partners including reinsurers, and industry groups

What will you need to succeed?

• 10+ years of experience in the life insurance industry

• Bachelor’s degree in Actuarial Science, Math, Statistics or Science

• Fellow of the Society of Actuaries or Fellow of the Canadian Institute of Actuaries

• Leadership skills to engage teams with varying technical or operational disciplines including ability to communicate effectively to drive actions to support business growth

• Ability to influence senior leaders in cross functional areas

• Very strong analytical and technical skills, including finance, operations, sales/marketing and distribution

• Actuarial knowledge of individual insurance standards of practice, reserving principles, product design, pricing framework, capital regime, and regulatory compliance guidelines

• Ability to juggle multiple, time sensitive priorities while dealing with ambiguity and work under pressure which often requires agile thinking around complex problems

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, Coaching Others, Customer Success, Industry Knowledge, Insurance Finance and Actuarial Concepts, Multi-Level Communication, Probability Theory, Risk Analysis Management, Risk Management

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:

2025-09-08

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.