Actuary and Underwriting Lead | Executives & Management

Company

• VW Credit Canada, Inc.

Contract

• Unlimited

Department

• Financial Services and Insurances

Shift

• Full-time

Experience

• Executives & Management

Wymagania

• Education

• Minimum Required:

• Bachelor’s Degree in a quantitative discipline: Statistics, Mathematics, Economics, Operations Research

• Experience

• 10+ years minimum with strong background in actuarial science.At least 5 years working as an actuary in an actuarial role in the Insurance industry.

• Desired:

• 3 years working in Auto Insurance Industry with automobile property and/or breakdown exposures.

• Skills

• Lead and direct the work of others.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 reportSpecialized ability to communicate highly technical subjects to the senior executives and others who have limited background in mathematics or statisticsSupport a robust pricing and/or reserving review process for insurance business, including both standard actuarial techniques and advanced modeling

• Preferred:

• Ability to build models using open-source software (e.g. R, Python), experience in distributed statistical computing preferredPersonal or commercial auto insurance experienceExcellent Excel skills and strong with SQLExperience mentoring and/or directing junior team members.Proficiency in data analysis tools, underwriting software, and statistical packages.Develop indications and communicate them to Actuarial Management and Senior LeadershipWork collaboratively as a part of the broader Pricing and/or Reserving processDevelop and communicate business analytics to Senior LeadershipFoster innovation within the team and across the broader organizationSupport development of themselves and other associates in an actuarial capacity and according to VCI vision and mission statement

• Salary range is dependent on factors such as industry-based experience, skills, training, credentials, and other qualifications. The 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.

Zakres obowiązków

• Understand and provide effective challenge on Pricing and Reserve calculation for Auto Insurance products

• Collaborate with Risk Management, Accounting, and senior management in establishing adequate loss provisions for Insurance products

• Engage with CFO, VP of Finance, 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

• Lead enhancements and automation of data structure, integrity, validation, and reporting.

• Extract and analyze data from data warehouse to enhance underwriting, pricing, reserves, and prediction of future issues and trends.

• Provide all actuarial inputs for actual and forecast income recognition.

• Update and report on actual experience compared to forecast and pricing. Recommend and drive actions to drive on-target results.

• Support IFRS 17 reporting and analysis.

• Develop and implement underwriting guidelines and procedures to ensure consistency and compliance.

• Collaborate with Front-End Staff, Accounting, Sales, and others to influence acceptability criteria and product structure.

• Ensure regulatory compliance with insurance laws and internal standards.

• Lead and mentor analysts, providing training and performance feedback.

• Set strategic direction for underwriting and risk management aligned with company goals.

• Implement process improvements to enhance efficiency, accuracy, and turnaround times.

• Participate in cross-functional initiatives, including sales, claims, and compliance.

Zakres obowiązków

• The Actuary & Underwriting Lead plays a pivotal role in shaping the insurance portfolio through expert risk assessment, pricing strategy, and financial modeling. This position blends deep actuarial knowledge with hands-on underwriting leadership to ensure sound decision-making and profitability across insurance products. This role requires a strategic thinker with strong analytical skills, deep insurance knowledge, and the ability to lead cross-functional teams in a dynamic environment.

• Position level: 10

• Reports: Senior Director, Finance Insurance NAR

• Role classification: Hybrid

Opis

Volkswagen Financial Services, a wholly-owned subsidiary of Volkswagen Group, is the trusted key to mobility for its brand partners. We are committed to supporting the Audi, Ducati, and Volkswagen brands and their Dealers, specializing in providing accessible mobility solutions for its Customers. The company’s offerings include Retail Leasing, Retail Financing, Commercial Financing for new and used vehicles, and End-of-Term vehicle disposition. Actuarial & Analytical Duties (60%): Underwriting Responsibilities (20%): Leadership & Strategic Oversight (20%): We offer: All applications are thoroughly reviewed by our recruitment team, and no artificial intelligence or automated technologies are utilized in the screening process. Full-time employees of Volkswagen Financial Services enjoy these benefits: Volkswagen Financial Services is committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to race, colour, religion, sex, sexual orientation, family status, gender identity, gender expression, national origin, age, disability or any other characteristic protected by federal, or local laws. Only shortlisted candidates will be contacted.