Job Description

What is the opportunity? 

This position has responsibility for the administration of the ceded reinsurance business for the RBC Insurance Life Division.  Specifically, this includes the operational processing on the ceded reinsurance administration system (TAI) and ensuring that the business is processed within service standards.  This includes responsibility for administration of business which is not administered on TAI.  This position will work with the Sr. Manager, Reinsurance Operations to provide business subject matter expertise to the business associated with reinsurance administration.

What will you do? 

•Responsible for running weekly TAI interface and month-end, quarter end, annual reporting. 

•Responsible for the day-to-day processing on the ceded reinsurance administration system (TAI) and ensuring efficient, effective and timely administration of life reinsurance business ceded out to external reinsurers

•Administer Group and Catastrophe business not on TAI

•Process material financial reinsurance changes, reinsurance calculation, accounting and recoverables of policyholder benefits (Policy Conversions, Unbilled Renewals, Return of Premium, Cash Surrender Values, Waiver of Premium, etc.).

•Responsible for the ongoing documentation and maintenance of operational guidelines and procedures to administer the ceded reinsurance business.  This includes procedures/guidelines relating to file maintenance & control e.g. paper cessions/reports, online spreadsheets and file retention

•On-going analysis of data to ensure completeness/accuracy and escalate any issues to the Sr. Manager, Reinsurance Operations

What will you need to succeed?

Must have

•3+ year’s reinsurance/insurance administration experience

•Strong client services skills with a collaborative and supportive attitude

•Strong organizational skills and proven ability to work independently

•Technologically savvy and advanced problem-solving skills (knowledge of MS Access, Excel, TAI Reinsurance System, etc.)

•Ability to quickly capture an understanding of business processes and systems

•Strong communication skills (written & oral) together with a proven ability to effectively communicate with a broad cross-section of people, at various levels, in the business & technical communities

Nice to have

• LOMA designations – ACS, ARA

• Post secondary education in Business

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

Additional Job Details

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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:

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.

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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.