Actuarial Lead Insurance
Saint-Laurent, QC, Canada
Job Description
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Actuarial Lead \xe2\x80\x93 Insurance - VCI003234
Primary Location : Canada-Ontario-Ajax
Description
The Actuarial Lead - Insurance position will be based in Ajax, ON, or Montreal, QC with a role classification of Fully Remote. Role Summary: 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 be responsible for providing Regular updates on Loss curves vs. priced. Perform comparison of actual to priced loss ratios on a quarterly basis. Understand and support the IFRS 17 changes related to Insurance products. Role Responsibilities:
- Support 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 vs. priced. Perform comparison of actual to priced loss ratios(10%)
Qualifications
Experience: Required
- 7 years minimum
- At least 5 years working as an actuary in the Insurance industry
- Bachelor\xe2\x80\x99s Degree in a quantitative discipline: Statistics, Mathematics, Economics, Operations Research.
- 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 the senior executives and others who have limited background in mathematics or statistics
- Analytical and conceptual thinking \xe2\x80\x93 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
- Develop indications and communicate them to Actuarial Management and Senior Leadership
- Work collaboratively as a part of the broader Pricing and/or Reserving process
Work Flexibility:
- Minimal travel \xe2\x80\x93 5%
- Role may require occasional/seasonal work outside of normal working hours.
VW Credit Canada, Inc. is committed to the health, safety, and well-being of our employees. Effective November 8, 2021, VW Credit Canada, Inc. will require all new employees to be fully vaccinated (with the number of doses recommended by public health guidance) against COVID-19. New employees will be required to provide proof of vaccination or entitlement to an exemption. If you are entitled to an exemption (as determined by VW Credit Canada, Inc.) then you will be required to follow the company\xe2\x80\x99s applicable protocol for unvaccinated workers. VW Credit Canada, Inc. is also committed to working with and providing reasonable accommodations to individuals with disabilities. Please let your recruiter know if you need an accommodation at any point during the interview process.
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Job Detail
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Job IdJD2143980
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationSaint-Laurent, QC, Canada
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EducationNot mentioned