Brief Role DescriptionThe role of the Actuarial Lead - Insurance is responsible for providing all actuarial inputs for income recognition for actual and forecast models. The incumbent will provide regular updates on loss curves versus priced data, perform comparisons of actual versus priced loss ratios quarterly, and support IFRS 17 changes related to insurance products.Reports: Senior Director, Finance Insurance NARRole classification: HybridContract: Maternity Leave ReplacementPossible Tasks within this RoleSupport 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 versus priced. Perform comparison of actual to priced loss ratios.



(10%)Qualification requirementsYears of experience7 years minimumAt least 5 years working as an actuary in the insurance industry and having an ACAS designationDesired: 3 years working in auto insurance industry with knowledge of auto insurance productsEducationBachelor’s Degree in a quantitative discipline: statistics, mathematics, economics, operations researchDesired: Master’s Degree in related fieldSpecialized SkillsSupport a robust pricing and/or reserving review process for insurance business, including both standard actuarial techniques and advanced modelingDevelop 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 statementWork FlexibilityMinimal travel – 5%Flexibility to work remotely on as-needed basisRole may require occasional/seasonal work outside of normal working hoursSalary 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.#J-18808-Ljbffr

📌 Actuarial Lead - Insurance - $100,000 - $138,000 A Year (Winnipeg)
🏢 Volkswagen Financial Services Canada
📍 Winnipeg