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Volkswagen Financial Services Canada
Actuarial Lead - InsuranceVolkswagen Financial Services Canada • Pickering
Actuarial Lead - Insurance

Actuarial Lead - Insurance

Volkswagen Financial Services Canada • Pickering
16 days ago
Job type
  • Full-time
  • Temporary
Job description

Reports to: Senior Director, Finance Insurance NAR

Role classification: Hybrid

Contract: Maternity Leave replacement

Brief Role Description

The role of the Actuarial Lead - Insurance is responsible for providing all actuarial inputs for income recognition for actual and forecast models. He/she will provide regular updates on loss curves versus priced, perform comparison of actual to priced loss ratios on a quarterly basis, and support IFRS 17 changes related to insurance products.

Possible Tasks within this Role

  • Support the implementation of IFRS 17 for the insurance products (30%)
  • Understand and challenge pricing and reserve calculation for auto insurance products (20%)
  • Collaborate with the risk management planning and reporting group, accounting and senior management to establish adequate loss provisions for insurance products (10%)
  • Engage with CFO, VP of finance, chief risk officer, accounting, risk management, brand executives and external auditors to gain acceptance on loss and reserve forecasts; provide technical and operational support to auditors to ensure successful audit close (10%)
  • Extract data from the data warehouse for insurance products and perform analysis on upcoming issues/trends (10%)
  • Provide actuarial inputs for income recognition for actual and forecast models (10%)
  • Provide regular updates on loss curves versus priced and compare actual to priced loss ratios (10%)

Qualification Requirements

Years of Experience

  • 7 years minimum
  • At least 5 years working as an actuary in the insurance industry and having an ACAS designation
  • Desired: 3 years working in auto insurance industry with knowledge of auto insurance products

Education

  • Bachelor’s Degree in a quantitative discipline: statistics, mathematics, economics, operations research
  • Desired: Master’s Degree in a related field

Specialized Skills

  • Support a robust pricing and/or reserving review process for insurance business, including both standard actuarial techniques and advanced modeling
  • Develop indications and communicate them to actuarial management and senior leadership
  • Work collaboratively as a part of the broader pricing and/or reserving process
  • Develop and communicate business analytics to senior leadership
  • Foster innovation within the team and across the broader organization
  • Support development of themselves and other associates in an actuarial capacity and according to VCI vision and mission statement

Work Flexibility

  • Minimal travel – 5%
  • Flexibility to work remotely on an as‑needed basis
  • Role may require occasional/seasonal work outside of normal working hours

Salary range for this role is $100,000 – $138,000. Actual pay may vary based on experience, education, and internal compensation practices.

This posting represents an existing vacancy that we are actively seeking to fill.

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Actuarial Lead - Insurance • Pickering

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