2027 Insurance – Winter, Valuation, Actuarial Co-op Student (4 – 8 months)

Job Description

RBC Insurance, through its operating entities, provides a wide range of travel, life, health, home, auto, wealth, and insurance products and solutions. It also offers creditor and business reinsurance services to both individual and group clients. We are one of the largest insurance companies within a Canadian bank and among the fastest-growing insurance organizations in the country. RBC Insurance employs more than 150 full-time actuaries globally and is the brand name for the insurance operating entities of Royal Bank of Canada. This opportunity will offer you exposure to the life insurance industry.

Your application will be reviewed for consideration across multiple positions with responsibilities aligned to those described in this job posting.

Please note: Before submitting your application, read the application process at the bottom of this description carefully to ensure all required documents have been submitted.  Your application will not be considered if you do not follow these directions.

What is the opportunity?
As an Actuarial Co-op Student, you will receive an excellent opportunity to gain hands-on experience in the life insurance industry with real-world business problems, be challenged to resolve complex tasks, and provided with valuable on-the-job training. This role will offer you an exciting opportunity to be part of the largest bank-owned insurance company in Canada. You will apply, enhance, and develop experience and working knowledge to perform a combination of challenging tasks and operational assignments. RBC Insurance offers a very inclusive team that works cohesively together, which is integral to the success of continuing to grow all lines of business. We commit to formally structured access to leaders across our actuarial teams and other business areas to ensure you are learning all aspects of insurance and are prepared for a successful and rewarding career.
 

What will you do?

• Learn, influence, and innovate end-to-end aspects of the business, ranging from Pricing and Modeling to Valuation and Capital. These roles will offer opportunities to gain exposure to all areas of the life insurance business.
• Create life pricing and valuation models for complex and high-impact products from an actuarial perspective, including but not limited to asset strategy discussions with the RBC Insurance Investment team and liability cash flow management with RBC Risk Management.
• Assist in validation of key assumptions, gathering and applying market competition insights, and using business insights to identify trends/opportunities.
• Use software like AXIS, R, SQL, and MS Excel to produce and analyze results, communicate findings to respective stakeholders to obtain their approvals.
• Develop, maintain, and enhance new and existing tools to better streamline processes.
• Collaborate with fellow actuarial and non-actuarial colleagues to achieve success.
• Conduct monthly and quarterly valuation reporting and communicate results and findings to management.
• Model and analyze Special Quotes to better serve our clients’ needs.
• Support monthly/quarterly capital measurement analysis and reporting.

What do you need to succeed?

Must have

• Knowledge of MS Office Suite
• Solid technical and analytical skills with strong problem-solving ability
• Strong written and verbal communication skills
• Highly motivated self-starter and team player

Nice to have

• Pursuing a university degree in Actuarial Science, Finance, Statistics, or Mathematics
• Actuarial exposure/background
• 1-3 CAS/SOA exams completed
• Previous experience with Moody’s/GGY AXIS
• Knowledge of IFRS17, predictive analytics and Tableau are definite assets
• Programing experience in R, VBA and SQL

Please note: 

In order to be eligible for these student positions, you must either: 

• Be returning to school after the work term end-date; or 
• If you are not returning to school (i.e., graduating immediately after the work term), you must require the full work term as a mandatory component to graduate successfully

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 mutual success.

• Leaders who support your career development through coaching and networking opportunities
• Exam support offered through the Actuarial Study Program
• Work in a dynamic, collaborative, progressive, and high-performing team
• Flexible work/life balance options

RBC Insurance 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.

Application Process: Please read the following directions carefully and submit required documents in the format outlined below.

• Submit your resume, academic transcripts (either unofficial or official), and work evaluation form (if applicable) in one PDF document under the resume section online. If you are not able to obtain unofficial transcripts by this deadline, please add a page at the end of your application and list the earliest month they would be made available by your academic institution.

Job Skills

Communication, Computer Literacy, Detail-Oriented, Interpersonal Relationships, Listening Effectively, Personal Development, Personal Initiative

Communication, Computer Literacy, Detail-Oriented, Interpersonal Relationships, Listening Effectively, Personal Development, Personal Initiative

Additional Job Details

MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR:MISSISSAUGAMississaugaCanada37.5Full timeINSURANCEStudent/Coop (Fixed Term)Salaried2026-08-252026-09-23

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

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.