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The Actuary & Underwriting Lead plays a pivotal role in shaping the insurance portfolio through expert risk assessment, pricing strategy, and financial modeling. This position blends deep actuarial knowledge with hands-on underwriting leadership to ensure sound decision-making and profitability across insurance products. This role requires a strategic thinker with strong analytical skills, deep insurance knowledge, and the ability to lead cross-functional teams in a dynamic environment.
Position level: 10
Reports: Senior Director, Finance Insurance NAR
Role classification: Hybrid
Actuarial & Analytical Duties (60%):
Understand and provide effective challenge on Pricing and Reserve calculation for Auto Insurance products
Collaborate with Risk Management, Accounting, and senior management in establishing adequate loss provisions for Insurance products
Engage with CFO, VP of Finance, 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
Lead enhancements and automation of data structure, integrity, validation, and reporting.
Extract and analyze data from data warehouse to enhance underwriting, pricing, reserves, and prediction of future issues and trends.
Provide all actuarial inputs for actual and forecast income recognition.
Update and report on actual experience compared to forecast and pricing. Recommend and drive actions to drive on-target results.
Support IFRS 17 reporting and analysis.
Underwriting Responsibilities (20%):
Develop and implement underwriting guidelines and procedures to ensure consistency and compliance.
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Ensure regulatory compliance with insurance laws and internal standards.
Leadership & Strategic Oversight (20%):
Lead and mentor 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.
Education
Minimum Required:
Bachelor’s Degree in a quantitative discipline: Statistics, Mathematics, Economics, Operations Research
Experience
10+ years minimum with strong background in actuarial science. At least 5 years working as an actuary in an actuarial role in the Insurance industry.
Desired:
3 years working in Auto Insurance Industry with automobile property and/or breakdown exposures.
Volkswagen Group (Volkswagen AG) is a German multinational automotive manufacturer headquartered in Wolfsburg, Germany, and one of the world's largest automakers by revenue. Its portfolio includes brands such as Volkswagen, Audi, Porsche, Lamborghini, Bentley, SEAT/CUPRA, Škoda, as well as commercial vehicle brands MAN and Scania, and financial services.
Visit company websiteJobs and hiring trendsUSD 100000-138000 / year
Lead · 3+ years experience
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