• Job Description

  Req#: R-0000128075

  Job Summary

  Job Description

  What is the opportunity?

  The Actuarial Analyst is a member of the Process Improvement team within the broader Group Risk Management Insurance (GRMI) department. The candidate will contribute to the following: 1) Process Improvement initiatives - assessing and analyzing current state processes to recommend and implement robust and efficient automated solutions, with the goal of reducing GRMI's time spent on month end reporting 2) Technology Risk - data stewardship granting appropriate access permissions to department systems and data, assist with resolving LAN, SAN server problems when services are unexpectedly stressed or interrupted (server crashes, shrinkage of disk free-space)

  What will you do?

  • Understand and assess current state processes within GRMI team and the broader Financial close process. Design and develop user friendly automated tools/processes, to streamline the month end reporting activities. Train team members on new processes.
  • Identify data requirements, communicate technical issues to manager on a timely basis. Document methodology, process and issues following the documentation standards.
  • When collaborating with IT on improvement initiatives, conduct User Acceptance Testing (UAT) by designing test cases, performing tests and documenting findings, investigating issues
  • Support the Digital and Data Enablement sub-team as a backup working with different teams within GRMI and with IT partners to oversee, monitor and coordinate department technology resources to meet users and key stakeholders' needs, satisfy audit requirements
  • Collaborate with other Insurance teams (IT, Finance) to coordinate project deliverables
  • Foster innovation and promote diversity of thought, bring forward fresh perspectives, constructively challenge the status quo to generate new ideas and opportunities

  Must-have:

  • Bachelor’s degree majoring in Actuarial Science, or other relevant Majors (e.g. Mathematics, Statistics, Computer Science, Business, Economics)
  • Expert user of Microsoft Excel and Power Query, knowledge and work experience with programming language, including but not limited to Python, SQL, R, VBA. Experience using analysis tools (Tableau, QlikView, PowerBI)
  • Initiative - an independent thinker with a proven track record in strong collaboration, analysis, investigation skills, working with software and system environments
  • Strong oral and written communication skills, as well as the ability to deal with ambiguity and flexibility to adapt to change
  • Ability and willingness to partner effectively with other actuarial leaders, as well as with leaders of other functional areas

  Nice to have:

  • Knowledge of a broad area of Insurance expertise (by product and by function) gained through 4+ years of direct or indirect related work experience and training
  • Knowledge of IFRS 17 Standard and implications to insurance companies
  • Experience working with Moody's AXIS Actuarial software including EnterpriseLink and GridLink and related system 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 comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
  • 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
  • A world-class training program in financial services
  • Flexible work/life balance options
  • Opportunities to do challenging work

  #LI-Hybrid

  #LI-POST

  Job Skills

  Actuarial Modeling, Actuarial Services, Collaboration, Critical Thinking, Industry Knowledge, Insurance Finance and Actuarial Concepts, Multi-Level Communication, Power Query, Programming Languages, Python (Programming Language), Risk Analysis Management, Risk Management, System Applications, Written Communication

  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:

  GROUP RISK MANAGEMENT

  Job Type:

  Regular

  Pay Type:

  Salaried

  Posted Date:

  2025-05-30

  Application Deadline:

  2025-06-14

  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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• About the company

  Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Com...

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