Actuarial Lead

**Actuarial Lead - Insurance**
**-**
**VCI003234**

**Primary Location***: Canada-Ontario-Ajax

**Description**

The **Actuarial Lead - Insurance **position will be based in Ajax, ON, or Montreal, QC with a role classification of Fully Remote.

**Role Summary**:
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 be responsible for providing Regular updates on Loss curves vs. priced. Perform comparison of actual to priced loss ratios on a quarterly basis. Understand and support the IFRS 17 changes related to Insurance products.

**Role Responsibilities**:

- Support the implementation of IFRS 17 for the insurance products.(30%)
- Understand and provide effective challenge on Pricing and Reserve calculation for Auto Insurance products.(20%)
- Collaborate with the Risk Management Planning and Reporting Group, Accounting and senior management in establishing adequate loss provisions for Insurance products.(10%)
- Engage with CFO, VP of Finance and Chief Risk Officer, Accounting, Risk Management, Brand executives and external auditors to gain acceptance on the loss and reserve forecasts. Provide technical and operational support to auditors to ensure successful audit close.(10%)
- Be able to extract data from data warehouse for Insurance products and perform analysis on upcoming issues/trends.(10%)
- Providing all actuarial inputs for income recognition for actual and forecast models.(10%)
- Regular updates on Loss curves vs. priced. Perform comparison of actual to priced loss ratios(10%)

**Qualifications**

**Experience**:
**Required**
- 7 years minimum
- At least 5 years working as an actuary in the Insurance industry

Desired: 3 years working in Auto Insurance Industry with knowledge of Auto Insurance products.
**Education**:
**Required**
- Bachelor’s Degree in a quantitative discipline: Statistics, Mathematics, Economics, Operations Research.

**General Skills**:

- Ability to conduct large scale projects and research through all stages: concept formulation, definition of metrics, determination of appropriate methodology, research evaluation and final research report
- Analytical and conceptual thinking - ability to understand business problems and develop data-driven solutions

**Specialized Skills**:
**Required**
- 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

**Work Flexibility**:

- Minimal travel - 5%
- Role may require occasional/seasonal work outside of normal working hours.

VW Credit Canada, Inc. is committed to the health, safety, and well-being of our employees. Effective November 8, 2021, VW Credit Canada, Inc. will require all new employees to be fully vaccinated (with the number of doses recommended by public health guidance) against COVID-19. New employees will be required to provide proof of vaccination or entitlement to an exemption. If you are entitled to an exemption (as determined by VW Credit Canada, Inc.) then you will be required to follow the company’s applicable protocol for unvaccinated workers. VW Credit Canada, Inc. is also committed to working with and providing reasonable accommodations to individuals with disabilities. Please let your recruiter know if you need an accommodation at any point during the interview process.