Job Summary

Job Description

What is the opportunity?

The Financial Reporting team within Corporate Actuarial plays a critical role in supporting financial reporting across all lines of RBC Insurance’s business. As the Director of Financial Reporting, you will oversee the financial reporting functions, ensuring timely and accurate analysis of liabilities and compliance with regulatory requirements. In this role, you will also lead the review of actuarial methodology and assumptions, driving insights and innovation that directly impact our organization’s success.

What will you do?

Lead the Financial Reporting team and oversee the company’s production of month-end reporting processes, ensuring accuracy, completeness, and timeliness in collaboration with all stakeholders. Analyze and explain liability movements, including the impact of insurance experience and economic experience, and management actions and assumption changes, ensuring alignment with movement of reserves through DOE (Drivers of Earnings)Ensure financial reporting processes comply with internal and external audit requirements, including providing SOX attestation and liaising with auditors as needed.

Coordinate review and delivery of the Appointed Actuary report, Life 1 return, and other actuarial reports in partnership with portfolio actuaries and the Appointed Actuary.

Lead annual experience studies and assumptions and methodology reviews.

Conduct annual expense study and recommend expense assumptions for Canadian Life & Health portfolios.

Review and analyze annual IIT reporting to ensure compliance with regulatory requirements.

What do you need to succeed?

Must-Haves

Advanced knowledge of a broad area of expertise of insurance products, features, and risk (by product and by function) gained through 10+ years of direct or indirect related work experience and trainingBachelor’s degree (or greater) majoring in Actuarial Science. Other relevant Majors (e.g. Business, Economics, Mathematics, or Statistics) are acceptable if accompanied with demonstrated knowledge of Actuarial concepts.Knowledge of IFRS 17 standards, regulatory compliance requirements, and process controls.Ability and willingness to partner effectively with other actuarial leaders, as well as with leaders of other functional areas.General knowledge of Life Insurance law, underwriting principles and life insurance taxation.Ability to communicate effectively (both oral and written)Ability to deal with ambiguity, flexibility to adapt to change and prioritize in a deadline oriented environment.Good people management and development skills.

Nice-to-Haves

Postgraduate degree, accounting designation and/or CFAIndustry knowledge and experience

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 and competitive compensationLeaders who support your development through coaching and managing opportunitiesAbility to make a difference and lasting impactFlexible work/life balance optionsWork in a dynamic, collaborative, progressive, and high-performing team

Job Skills

Actuarial Modeling, Actuarial Services, Coaching Others, Customer Success, Industry Knowledge, Insurance Finance and Actuarial Concepts, Multi-Level Communication, Probability Theory, Risk Analysis Management, Risk Management

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:

2025-02-10

Application Deadline:

2025-02-23

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.
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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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