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.