# Actuarial Lead - Insurance **Job ID:** 24016 **Company:** VW Credit Canada, Inc. **Location:** Pickering, ON, CA, L1V 0C4 **Department:** Financial Services and Insurances **Career Level:** Professionals **Working Model:** Full-time **Contract Type:** Fixed-term **Remote Working:** Up to 60% **Posting Date:** Jun 19, 2026 Volkswagen Financial Services, a wholly-owned subsidiary of Volkswagen Group, is the trusted key to mobility for its brand partners. We are committed to supporting the Audi, Ducati, and Volkswagen brands and their Dealers, specializing in providing accessible mobility solutions for its Customers. The company’s offerings include Retail Leasing, Retail Financing, Commercial Financing for new and used vehicles, and End-of-Term vehicle disposition. ## **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 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. Position level: 10 Reports: Senior Director, Finance Insurance NAR Role classification: Hybrid Contract: Maternity Leave replacement ## **Possible Tasks within this Role** * 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%) ## **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 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 as-needed basis * Role may require occasional/seasonal work outside of normal working hours. Salary 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. All applications are thoroughly reviewed by our recruitment team, and no artificial intelligence or automated technologies are utilized in the screening process. Volkswagen Financial Services is committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to race, colour, religion, sex, sexual orientation, family status, gender identity, gender expression, national origin, age, disability or any other characteristic protected by federal, or local laws. Volkswagen Financial Services is committed to accommodating applicants and employees with disabilities. Should you require accommodation during the recruitment and selection process, please advise in advance. Only shortlisted candidates will be contacted. ## Volkswagen Financial Services - The key to mobility As the captive finance company of the Audi, Ducati and Volkswagen brands in Canada, Volkswagen Financial Services (VWFS) offers a wide range of leasing, retail financing and protection plans expertly tailored to meet the needs of our customers. Additionally, we provide commercial financing products to Audi, Ducati, and Volkswagen Dealers. VWFS is seeking individuals from diverse professional backgrounds who can bring fresh perspectives and ideas to help us drive forward in the ever-evolving financial and mobility services industry. As we continue to grow, we are excited to welcome talent from a variety of professional backgrounds to join our team. We believe in the power of diversity and inclusion, as it fuels creativity, fosters innovation, and strengthens our ability to serve our customers better. Are you a forward-thinker, a problem-solver, or an innovator? This is an opportunity to be part of a dynamic team that values diversity, creativity, and collaboration. [Data Privacy | VWFS Canada](#) ## **Support** For more information contact: [vwgroupcareers@vw.com](#) By clicking "Apply now" I consent to share my name and email with VWAG entities around the world You consent to share your personal information for the following purposes: Applying for jobs, whether in Canada or internationally; Validating your employment history; Determining your eligibility for employment with [VWFS and VGCA]; Providing you with information about training, learning, or other development and employment opportunities. __ Your information may be transferred within Canada, including outside of Quebec, and/or outside of Canada. You have the right to access your personal information and to request correction or deletion of your personal information, and data portability as per applicable Canadian laws. After you leave this page and if you have not already done so, you will be asked to create a profile, which will include the sharing of your personal information with us and, potentially, some of our affiliates. You will be asked to select one of three options regarding the VW parties that will have access to your personal information. Please note; however, that regardless of which option you select, your name, email address and individual identification number may be accessible by individual Volkswagen Group entities located in jurisdictions that are outside of Canada and that, by clicking below, and choosing to create a profile, you consent to such access to those data elements. **LinkedIn** [VW Credit Canada, Inc.](#)