Director, Corporate Actuarial

What is the Opportunity?

The Corporate Actuarial team plays a critical role in supporting actuarial excellence and strategic initiatives across all lines of RBC Insurance's business. As the Director of Corporate Actuarial, you will provide leadership and expertise in actuarial assumptions, methodology, external disclosures, and strategic business initiatives. In this role, you will drive innovation through robust actuarial review processes, enhance our methodological frameworks, and ensure regulatory compliance.

What will you do?

• Review Actuarial Assumptions and Experience Studies: Lead the annual review and validation of actuarial assumptions across all portfolios. Oversee comprehensive experience studies to ensure assumptions remain appropriate and reflect current business experience and economic conditions.

• Consulting Support on Actuarial Methodology: Provide expert consulting support and influence on actuarial methodology across all insurance portfolios. Champion methodology enhancements and improvements that strengthen our actuarial practices and analytical capabilities across portfolio teams.

• External Disclosures: Oversee and coordinate the delivery of entity financial statements and regulatory disclosures, including the Appointed Actuary report, OSFI Life return, and other actuarial reports. Ensure full compliance with regulatory requirements and IFRS 17 standards. Analyze and explain liability movements, including insurance experience impacts and assumption changes.

• Support Company Strategic Initiatives: Partner with senior leadership and portfolio teams to support corporate strategic initiatives through actuarial insights, analysis, and recommendations that drive organizational success.

• Advanced Knowledge: Demonstrate advanced knowledge of insurance products, features, and risk across multiple business lines (gained through 10+ years of direct or indirect related work experience).

• Regulatory & Standards Compliance: Maintain expertise in IFRS 17 standards, regulatory compliance requirements, process controls, Life Insurance law, underwriting principles, and life insurance taxation.

• Collaboration & Influence: Support and influence portfolio actuaries and cross- functional teams through effective partnerships, strong communication skills (oral and written), and the ability to adapt to change and competing priorities.

What do you need to succeed?

• Bachelor's degree (or greater) in Actuarial Science, or relevant field (Business, Economics, Mathematics, Statistics) with demonstrated actuarial knowledge

• Fellow of the Society of Actuaries (FSA) and/or Fellow of the Canadian Institute of Actuaries (FCIA) with 10+ years of insurance experience

• IFRS 17 experience preferred

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 include competitive compensation and flexible benefits.

• 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.

• Opportunities to do challenging work.

• Opportunities to build close relationships with clients.

You have the potential to earn more through RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

• Drives RBC’s high-performance culture

• Enables collective achievement of our strategic goals

• Generates sustainable shareholder returns and above market shareholder value

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Job Skills

Additional Job Details

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

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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.

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.