This role is with the Group Pricing team at RBC Insurance, focusing on growing the Group Benefits line of business. The Associate Director will review manual rates, enhance experience rating methodologies, and support product, sales, and underwriting partners. The position acts as a subject matter expert for Group Benefits pricing, contributing significantly to the profitable growth of the business line.
Support pricing strategy and initiatives for group life, disability, and other group benefit products, including reviewing and enhancing pricing methodologies, assumptions, and governance frameworks.,Monitor and analyze experience trends (profitability, lapse, rate guarantees, claims, incidence), and investigate emerging issues.,Lead sales compensation reporting, including reviewing retention and profitability performance, supporting compensation structure updates, and modeling impacts of changes.,Maintain various pricing tools and rate calculators, ensuring consistency and operational efficiency. Update pricing assumptions and perform testing and validation in experience rating templates.,Provide timely pricing support to sales, underwriting, and other partners, including reviewing and approving discounting requests, providing recommendations on special pricing inquiries, and handling ad hoc requests.
Undergraduate degree in Actuarial Science or a related field.,Minimum of 7+ years of actuarial experience.,Preferably a Fellow of the Society of Actuaries (FSA or equivalent).,Deep understanding of group benefits pricing principles and market knowledge.,Proficiency in Microsoft Excel.,Ability to identify complex issues, develop innovative solutions, and drive methodological enhancements.,Excellent verbal and written communication skills to convey technical concepts to both technical and non-technical stakeholders.,Nice to have: Proven ability to lead and mentor a team, fostering a collaborative and high-performance environment.
Bachelor's Degree
37.5 hours/week
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. As Canada's largest bank, it provides personal and commercial banking, wealth management, and capital markets services to over 17 million clients worldwide.
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