Associate Director, Living Benefits Pricing
Job Summary
Job Description
What is the opportunity?
Join our Living Benefits Pricing team as an Associate Director, where you will take a lead role in pricing and optimizing products like Critical Illness and Disability insurance. This position offers the chance to apply your actuarial expertise to shape sustainable and competitive product solutions in a dynamic market. Work closely with cross-functional teams and contribute to meaningful projects that directly impact business growth.
What will you do?
•Lead the development and pricing of Living Benefit products, ensuring alignment with company objectives
•Conduct profitability analysis, sensitivity testing and risk assessments to support strategic decision-makings
•Manage projects related to product pricing, ensuring deliverables are met and expectations are effectively communicated
•Collaborate with product development, Valuation, underwriting to design competitive product offerings
•Monitor industry trends and emerging risks to inform product innovation and development
•Provide guidance and mentorship to junior team members, fostering their professional growth
What will you need to be successful?
Must Have Qualifications:
•Bachelor's Degree in Actuarial Science, Mathematics, Statistics or a relevant fields and actively writing actuarial exams
•Minimum 5 years of actuarial work experience in Pricing, Product development, or related fields
•Ability to explain complex actuarial concepts and solutions to non-technical stakeholders clearly and effectively
•Strong understanding of living benefits products, including critical illness and disability insurance
•Knowledge of regulatory frameworks and financial reporting standards, such as IFRS 17, and LICAT
•Familiarity with actuarial valuation, pricing methodologies, and insurance assumptions
Nice to Have Qualifications:
•FSA Destination
•Proficiency in programming languages (e.g., VBA)
•Proficiency in actuarial modeling software (e.g., Moody AXIS)
•Familiarity with reinsurance and risk management practices
•Demonstrated leadership and mentorship experience in managing or supporting a team
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
• Sophisticated RBCI software tools to boost your productivity
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 ApplicationsAdditional Job Details
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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 embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.
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