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Insurance Modeling Jobs in Toronto, ON (NOW HIRING)

Actuarial Lead - Insurance

Pickering, ON · Hybrid

CA$100K - CA$138K/yr

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 ...

... insurance providers? Look no further than Zurich Canada. Zurich Canada is currently looking for an ... Zurich follows a hybrid work model requiring in-person presence, which may include time in the ...

Catastrophe Risk Specialist

Toronto, ON · Hybrid

CA$85K - CA$115K/yr

Analyze historical data, scientific research, and insurance claims to enhance model accuracy. * Collaborate with actuaries, underwriters, and analysts to understand risk exposures, and manage ...

Catastrophe Risk Specialist

Toronto, ON · Hybrid

CA$85K - CA$115K/yr

Analyze historical data, scientific research, and insurance claims to enhance model accuracy. * Collaborate with actuaries, underwriters, and analysts to understand risk exposures, and manage ...

Proficiency in statistical and database modeling tools, particularly Python, SAS, R, SQL, Access ... BMO also offers health insurance, tuition reimbursement, accident and life insurance, and ...

Data Scientist

Markham, ON

CA$80K - CA$120K/yr

Drive the development of Aviva Canada's Climate Scenario Analysis physical risk modelling pipeline, integrating climate and weather hazard models with insurance claims and exposure data to quantify ...

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Showing results 1-20

Insurance Modeling information

What is the difference between Insurance Modeling vs Actuarial Analyst?

AspectInsurance ModelingActuarial Analyst
Required CredentialsOften requires proficiency in Excel, VBA, SQL, and insurance-specific software; certifications like CPCU or FCAS are beneficialTypically requires actuarial exams, a degree in mathematics or statistics, and actuarial certifications (SOA, CAS)
Work EnvironmentFinancial institutions, insurance companies, consulting firms; focus on model development and data analysisInsurance companies, consulting firms; focus on risk assessment and valuation
Industry UsageUsed for pricing, reserving, and risk modeling in insurance productsUsed for reserving, pricing, and risk analysis, often involving regulatory compliance

Insurance Modeling and Actuarial Analyst roles share overlapping skills in data analysis and insurance knowledge. However, Insurance Modeling emphasizes building and maintaining financial models using software tools, while Actuarial Analysts focus on applying mathematical and statistical methods to assess risk and determine pricing. Both roles are vital in the insurance industry but differ in certification requirements and daily tasks.

Infographic showing various Insurance Modeling job openings in Toronto, ON as of July 2026, with employment types broken down into 60% Full Time, and 40% Temporary. Highlights an 100% In-person job distribution.

Actuarial Lead - Insurance

Volkswagen AG

Pickering, ON • Hybrid

CA$100K - CA$138K/yr

Other

Posted 19 hours ago


Job description

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.