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.