Associate Director, Group Annuity Pricing at Royal Bank of Canada

Mississauga, Ontario, Canada -

Full Time

Start Date

Immediate

Expiry Date

10 Jul, 26

Salary

145000.0

Posted On

11 Apr, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Actuarial modeling, Reinsurance, Group annuity pricing, Risk management, Contract negotiation, Strategic planning, Data analysis, GGY Axis, DataLink, Power BI, Financial analysis, Mortality studies, Predictive analytics, Leadership, IFRS17

Industry

Financial Services

Description

Job Description What is the opportunity? The Group Annuity Pricing team is looking for a senior staff member to help lead the strategy and management of reinsurance and in-force business for the Canadian group annuity business. This position will work with external reinsurers on large, complex transactions as well as developing processes and tools required to manage in-force business. What will you do? • Build and lead high-performing teams by establishing ambitious goals and fostering an inspiring, collaborative work environment • Meet sales and bottom-line targets while maintaining strong client relationships and negotiate contracts with plan sponsors and consultants • Develop and strengthen reinsurance partnerships and internal cross-functional relationships • Lead the development and implementation of innovative reinsurance pricing solutions for our group annuity block of business, oversee contracting, negotiations, and cross-functional coordination with Risk and Operations partners to ensure successful transaction implementation • Contribute to strategic planning and explore emerging technologies, including AI-driven tools, to enhance our offerings • Stay current with global longevity trends through research, industry webcasts, and market analysis What will you need to succeed? Must Have • Bachelor's degree in actuarial science, mathematics, statistics, finance, or accounting • FSA/FCIA designation or ASA with equivalent combined education and experience • 10+ years of life insurance and/or reinsurance experience in pricing or product development or knowledge of Group Annuity, Reinsurance, and/or IFRS17 • Strong actuarial modelling and technical skills, including proficiency with GGY Axis, DataLink, Power BI, MS Word, Excel, Access, and Outlook • Effective time management skills • Ability to synthesize complex market and business data for strategic decision-making Nice to Have • Prior experience with mortality studies and strong understanding of mortality trends • Predictive analytics knowledge • Experience managing staff • Experience with AI tools and pricing technology development • Familiarity with longevity risk and reinsurance market dynamics • Experience presenting to senior management and external stakeholders 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 • RBCI software tools to boost your productivity RBC is an organization that succeeds by bringing out the best in its people. You’ll be part of a supportive, inclusive team that shares common values – including a fundamental respect for each other. At the heart of this is a commitment to diversity. RBC respects and responds to the many competing and evolving priorities in our lives – so you can focus on what you can do best – putting clients first. 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 Applications 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: INSURANCE Job Type: Regular Pay Type: Salaried Posted Date: 2026-04-10 Application Deadline: 2026-05-01 Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above Compensation for this position (including salary and discretionary/variable payments) will be determined by factors, including but not limited to candidate's experience, skills, registration status, performance, individual goals, market conditions, and business needs. Pay Range The expected pay range for this position is: $95,000.00 - $145,000.00 The pay range provided is for the primary work location referenced in the Additional Job Details section of this job posting. Pay ranges may differ based on location. If the posting lists multiple job locations, a recruiter can confirm availability of the role and the relevant pay rage for the additional locations listed. RBC supports pay transparency and we strive to ensure all pay ranges are competitive, fair, and equitable. You have the potential to earn RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided that business meets its performance targets and you meet your individual goals. 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. Join our Talent Community Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you. Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com. 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.

Responsibilities

Lead the strategy and management of reinsurance and in-force business for the Canadian group annuity division. Oversee high-performing teams while negotiating complex transactions and developing innovative pricing solutions.