Appointed Actuary ICL

About the role

RBCICL, a reinsurance company serving clients worldwide, is looking for an Appointed Actuary to support the International Insurance Business. The role covers liability and financial reporting under Canadian and IFRS 17 standards, risk identification, measurement, reporting and mitigation, and acts as an advisor to senior management on valuation and reporting for longevity reinsurance, life retrocession, creditor reinsurance and other product lines.

Key responsibilities

• Provide timely, sound, reliable, appropriate and transparent valuation of liabilities under Canadian and IFRS 17 standards
• Identify, measure, report and mitigate significant risk events for risk appetite and management
• Collaborate with business management to achieve company goals and provide actuarial services and support
• Manage strategic risks such as earnings volatility, capital adequacy and liquidity
• Review actuarial portfolio performance, analyse earnings and contribute to business plans and forecasts
• Support regulatory changes such as AM Best/S&P capital requirements and IFRS 17
• Develop and mentor staff in several locations

Required profile

• Fellow of the Canadian Institute of Actuaries and Society of Actuaries
• At least 10 years of Canadian actuarial experience in valuation and financial reporting
• At least 20 years of experience in the life insurance industry
• Essential: experience in longevity reinsurance; life retrocession and creditor reinsurance are an asset
• Leadership, communication, strong analytical and technical skills, ability to handle multiple priorities and work under pressure

Required skills

• Actuarial modelling and actuarial concepts
• Life insurance standards of practice, reserving principles and insurance accounting
• Risk analysis and management

What we offer

• Competitive compensation including salary and pension
• Health insurance and comprehensive benefits
• Coaching and development opportunities
• A dynamic, collaborative team