VP, Actuary

Location: Vancouver, BC (preferred)
Status: Permanent, Full-Time
Reports to: EVP, Finance (subject to change)
Salary Range (Base): CAD $180,000 – $260,000, commensurate with experience, qualifications, and location (BC, Ontario, Quebec). This position is also eligible for a corporate variable pay our performance bonus and a comprehensive benefits package.

Job Summary

The VP, Actuary leads the Actuarial Services function responsible for evaluating and analyzing statistical data, pricing, forecasting risk and liability, and managing the underwriting performance of insurance and warranty products.

This role is accountable for delivering clear, decision-ready insights to OEM partners, the Senior Leadership Team, and the Board regarding current results and future projections for LGM’s underwriting portfolio. The VP, Actuary works closely with insurer partners and external actuaries to ensure sound practices, strong governance, and sustainable profitability.

What You’ll Do

Leadership & Strategy

• Set the vision, priorities, and standards for pricing, reserving, and portfolio analytics across insurance, group credit, warranty, and service contract programs.

• Partner with senior leadership to assess performance and recommend actions that optimize profitability, growth, and risk.

• Represent the actuarial function with insurers, OEMs, auditors, and regulators as required.

Pricing, Reserving & Portfolio Analytics

• Own pricing and reserving methodologies and ensure assumptions are robust, documented, and aligned with target underwriting outcomes.

• Lead regular reviews of pricing adequacy and reserve sufficiency; recommend and implement enhancements.

• Direct quarterly and annual analyses including ultimate loss ratios, profitability, experience bonuses, and warranty gain/loss projections.

• Oversee claims liability analyses and manage external actuarial reviews.

• Maintain actuarial models supporting pricing, reserves, and portfolio monitoring.

• Communicate emerging trends such as severity, frequency, inflation, mix of business, and regulatory developments.

Regulatory, Compliance & Governance

• Ensure compliance with provincial insurance and consumer protection requirements.

• Support regulatory filings and respond to audit or regulator inquiries.

• Maintain strong actuarial governance, documentation, and model validation.

• Provide or oversee actuarial opinions where required.

Capital, Risk & Reinsurance

• Support Finance and Risk Management in understanding reserve volatility and capital impacts.

• Contribute to stress testing and scenario analysis.

• Provide actuarial expertise on reinsurance or other risk-transfer structures.

Business Development & Partner Support

• Evaluate new products and opportunities to deliver competitive, profitable solutions.

• Help partners understand pricing methodology, product structures, and expected outcomes.

• Support profit-share and experience settlement strategies.

Data, Systems & Advanced Analytics

• Define actuarial data and reporting requirements.

• Partner with technology, finance, underwriting, and operations to ensure systems support accurate measurement and monitoring.

• Champion data quality, predictive analytics, and enhanced segmentation.

Finance & Investment Support

• Provide actuarial inputs to forecasts, budgets, and long-range planning.

• Align assumptions with financial reporting frameworks.

• Support understanding of how investment assumptions interact with liabilities.

People Leadership

• Lead, coach, and develop a high-performing actuarial team.

• Establish clear goals, succession plans, and professional development pathways.

• Foster technical excellence and strong business partnership.

Other

• Provide additional support to senior leadership as required to meet financial and strategic objectives.

Leadership Competencies

• Self-Management

• Results Focused

• Effective Communicator

• Empowers and Coaches Others

• Collaboration and Influence

• Builds Teams

• Innovation and Change Leadership

• Strategic Orientation

What You Bring

Skills

• Strong understanding of financial statements and financial reporting in support of actuarial analysis.

• Proven ability to lead complex, multi-stakeholder initiatives.

• Executive-level communication skills; able to translate actuarial topics for non-technical audiences.

• Influential leader comfortable in a fast-paced, entrepreneurial environment.

• Advanced analytical and problem-solving capability.

• Ability to deliver under tight timelines.

• Proficiency with MS Office, SQL, and R; familiarity with actuarial systems.

Education & Designation

• Post-secondary degree in Actuarial Science, Mathematics, or related discipline.

• FCIA/FICA and/or FCAS.

Experience

• 8+ years of actuarial experience post-designation.

• Strong background in property & casualty insurance; warranty exposure is an asset.

• Experience working with insurers at a senior level on product, risk, and actuarial matters.

About Us

LGM Financial Services is a national leader in warranty, finance, and insurance solutions for the Canadian automotive industry. Since 1998, we’ve helped dealerships grow profitability through high-quality products, innovative technology, and industry-leading training.

Our dealer network is supported by long-standing relationships with global automotive brands, including BMW / MINI, Kia, Mazda, Volvo, Jaguar Land Rover, Mitsubishi Motors, Polestar, and BMW Motorrad.

Perks & Benefits

• Competitive total compensation package

• Comprehensive health benefits

• Group RRSP

• Performance bonus

• Health & wellness allowance

• Four paid volunteer days

• Your birthday off

• Vehicle rebate program (up to $400/month)

• Hybrid work model – 2 days per week in office