2027 Insurance – Winter, Pricing, Actuarial Intern (4-16 months)

About the role

RBC Insurance offers a 4-16 month actuarial internship providing hands-on experience in pricing, valuation, risk, and capital management within a leading Canadian bank-owned insurance company.

Role and Responsibilities

• Learn and innovate across sales, pricing, valuation, risk, and capital management.
• Create pricing and valuation models for complex insurance products.
• Validate assumptions and analyze market competition and business trends.
• Use AXIS, R, SQL, and Excel to analyze data and communicate findings.
• Develop and enhance tools to streamline actuarial processes.
• Collaborate with actuarial and non-actuarial teams for success.

Additional Responsibilities

• Conduct monthly and quarterly valuation reporting for management.
• Model and analyze special quotes to meet client needs.
• Support capital measurement analysis and reporting.

Requirements - Must Have

• Knowledge of MS Office Suite.
• Strong technical, analytical, and problem-solving skills.
• Excellent written and verbal communication skills.
• Highly motivated self-starter and team player.

Requirements - Nice to Have

• Pursuing degree in Actuarial Science, Finance, Statistics, or Mathematics.
• Actuarial background and 2-3 CAS/SOA exams completed.
• Experience with Moody’s/GGY AXIS software.
• Knowledge of IFRS17, predictive analytics, and Tableau.
• Programming skills in R, VBA, and SQL.

Eligibility

• Must be returning to school after the work term or require the full work term to graduate.

Application Process and Benefits

• Submit resume, academic transcripts, and work evaluation in one PDF.
• Leaders provide coaching and development opportunities.
• Work in a dynamic, collaborative, and inclusive team.
• Flexible work/life balance options.