Logo of Huzzle

Home

Matches

Explore

Manage

2025 Winter - GRM, Actuarial Analyst Intern (8 Months)

image

RBC

15d ago

  • Internship
    Full-time
    Placement Program
  • Data
    Banking & Finance
  • Mississauga
  • 9d left

AI generated summary

  • You must have basic programming skills (GGY/Axis, SAS, R), effective communication abilities, Microsoft Office experience, and be pursuing a relevant degree with preliminary SOA exams passed.
  • You will perform actuarial analyses, assist in reporting and reserving, develop models, conduct experience studies, and support process improvements for Life & Health insurance products.

Requirements

  • Must-have
  • Basic programming skills for GGY/Axis, SAS, R
  • Ability to communicate effectively (both oral and written) with all "key relationships"
  • Experience with Microsoft Word, Access, Excel, Powerpoint
  • Pursuing a degree in mathematics/statistics/actuarial science or a related field AND successfully writing preliminary exams of the Society of Actuaries
  • Nice-to-have
  • Prior Co-op experience in similar roles.

Responsibilities

  • - Provides technical analyses and support for the actuarial function or department. Applies experience and seasoned knowledge, skills, and practices to perform a variety of assignments.
  • - The Actuarial Analyst working with the Product Portfolio team provides key technical actuarial assistance in completing and ensuring the integrity of RBCI’s Canadian Life & Health actuarial reporting requirements.
  • - Understand the relationship between the Business Units and Canadian Life & Health Actuarial with an emphasis on the Actuarial Aspects of reserving for Life & Health insurance products.
  • - Utilize data to develop advanced analytical models that allow a greater understanding of the costs, benefits, risks and opportunities inherent in Life & Health insurance products.
  • - Learn how to use GGY AXIS software to perform reserve quantifications and assist in month end production.
  • - Develop knowledge and recommend improvements to actuarial valuation process and models.
  • - Assist in IFRS17 valuation process and actuarial financial reporting.
  • - Assist with identifying and implementing improvements to actuarial valuation processes.
  • - Develop and maintain statistical models of valuation data.
  • - Perform experience studies (Lapse, Mortality/Morbidity) and communicate results to management.
  • - Assist in Year-end reporting, process improvements and other ad-hoc requests.

FAQs

What is the duration of the internship?

The internship is for 8 months, starting in January 2025 and ending in August 2025.

Is this position open to fresh graduates?

No, this position is designed for students who are either returning to school after the work term or require the internship as a mandatory component for graduation.

What specific skills are required for this position?

Basic programming skills for GGY/Axis, SAS, and R, as well as effective communication skills and experience with Microsoft Word, Access, Excel, and PowerPoint are required.

What type of educational background should candidates have?

Candidates should be pursuing a degree in mathematics, statistics, actuarial science, or a related field and have successfully passed preliminary exams of the Society of Actuaries.

Are there opportunities for professional development during the internship?

Yes, there are opportunities for coaching and learning, along with participation in career-building events and challenges.

What is the work schedule for this internship?

The internship requires the intern to work 37.5 hours per week on a full-time basis.

Will interns receive a salary for this position?

Yes, this internship is a salaried position.

Is previous co-op experience preferred for applicants?

While it is considered a nice-to-have, prior co-op experience in similar roles is not mandatory.

Is the position location-specific?

Yes, the successful candidate must be located within Ontario for the duration of the work term.

How can applicants stay informed about their application status?

Applicants can check for updates by logging into their RBC profile. If the status has not changed, it indicates that the application is still under review.

RBC

Ideas Happen Here.

Finance
Industry
10,001+
Employees
1864
Founded Year

Mission & Purpose

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 88,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.