Senior Corporate Actuarial Analyst at iA Auto and Home Insurance, evaluating actuarial reserves and supporting financial projections. Collaborating on compliance with OSFI requirements and profitability analyses.
About the role
- Underwriting & Actuarial Manager at Volkswagen Financial Services shaping the insurance portfolio through risk assessment and pricing strategy. Leading a team to ensure profitability across insurance products.
Responsibilities
- Evaluate complex insurance applications to determine risk levels and coverage eligibility
- Develop and implement underwriting guidelines and procedures to ensure consistency and compliance
- Review and approve high-value or non-standard policies, often requiring nuanced judgment and negotiation
- Collaborate with brokers, agents, and clients to clarify application details and negotiate terms
- Ensure regulatory compliance with insurance laws and internal standards
- Support the implementation of IFRS 17 for the insurance products
- Understand and provide effective challenge on Pricing and Reserve calculation for Auto Insurance products
- Collaborate with the Risk Management Planning and Reporting Group, Accounting and senior management in establishing adequate loss provisions for Insurance products
- 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
- Be able to extract data from data warehouse for Insurance products and perform analysis on upcoming issues/trends
- Providing all actuarial inputs for income recognition for actual and forecast models
- Regular updates on Loss curves vs. priced
- Perform comparison of actual to priced loss ratios
- Lead and mentor a team of underwriters and 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
Requirements
- Bachelor’s Degree in a quantitative discipline: Statistics, Mathematics, Economics, Operations Research
- Master’s Degree in related field (Preferred)
- Professional certifications such as CPCU, FCAS, or ASA
- 10+ years minimum, Strong background in insurance underwriting and actuarial science preferred
- At least 5 years working as an actuary in the Insurance industry and having an ACAS designation
- 3 years working in Auto Insurance Industry with knowledge of Auto Insurance products (Desired)
- 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 report
- Specialized ability to communicate highly technical subjects to senior executives and others who have limited background in mathematics or statistics
- Analytical and conceptual thinking – ability to understand business problems and develop data-driven solutions
- Support a robust pricing and/or reserving review process for insurance business, including both standard actuarial techniques and advanced modeling
- Proficiency in data analysis tools, underwriting software, and statistical packages
- 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
- Ability to build models using open-source software (e.g. R, Python), experience in distributed statistical computing preferred
- Personal or commercial auto insurance experience
- Excellent Excel skills and strong with SQL
- Experience mentoring and/or directing junior team members.
Benefits
- Volkswagen Financial Services is committed to diversity and inclusion in the workplace.
Job title
Job type
Experience level
Salary
Not specified
Degree requirement
Tech skills
Location requirements
Actuarial Advisor leading R&D test - and - learn initiatives for Cigna's Precision Claims and Trend program. Focusing on accuracy and precision in estimating unpaid claims and medical trends.
Risk Officer in Actuarial Independent Review at AIG driving risk management processes. Leading a team to ensure effective risk assessment and model governance in the property and casualty industry.
Senior Actuarial Manager overseeing actuarial insights and team growth in finance sector. Engaging in strategic leadership while ensuring high - quality actuarial reports and methodologies.
Senior Actuarial Manager in the AAIM team within IP&I Finance. Leading actuarial insights to shape better decision - making with a collaborative team approach.
Senior Actuarial Consultant at CNA shaping strategy through rigorous pricing analysis. Collaborates with business partners and actuarial senior leadership to influence outcomes.
Actuarial Manager leading client engagements and teams to deliver Employee Benefits solutions at HUB International. Fostering innovation and growth in a collaborative environment with diverse teams.
Actuary & Director leading enterprise actuarial initiatives in finance at Pacific Life. Overseeing complex projects with a focus on collaboration and strategic leadership.
AVP leading actuarial data and reporting systems at Manulife. Responsible for overseeing system changes and ensuring accuracy in reporting across multiple regions.
Actuarial intern at Companion Life assisting with analytical and data - driven projects in an internship role. Learning tasks under supervision while participating in various business unit training.