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Full-Time
On-Site

Associate Director, Group Pricing

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Description

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.

What We're Looking For

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.

Ideal Candidate

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.

Minimum Education

Bachelor's Degree

Hard Skills

Actuarial Modeling
Actuarial Services
Industry Knowledge
Insurance Finance and Actuarial Concepts
Probability Theory
Risk Analysis Management
Risk Management
System Applications
Technical Knowledge
Microsoft Excel

Soft Skills

Communication
Critical Thinking
Leadership Management
Multi-Level Communication
Problem Solving
Innovation
Team Leadership
Mentoring

Work Hours

37.5 hours/week

Benefits

Total Rewards program (flexible benefits, work/life balance, career development programs, investment and retirement savings plans)
Competitive pay and high-earning potential
Tools, training, and team support for career growth
Flexible work/life balance options
RBCI software tools to boost productivity
Inclusive and supportive team environment

Also Available At

About the Company

R

Royal Bank of Canada

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.

Purpose-driven
Inclusive
Innovative
Collaborative
Professional
View all jobs at Royal Bank of Canada

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