Senior Director, Insurance Finance NAR

Volkswagen Financial Services; Pickering; Hybrid; CAD 120,000 - 160,000; Full time

Job summary

A leading automotive financial service provider is seeking a Head of NAR Insurance Finance in Pickering, Ontario. This role is responsible for driving the financial performance and strategy for insurance, overseeing P&L ownership, pricing, and risk governance. The ideal candidate will have over 10 years of finance experience, including roles in insurance, and must hold a Bachelor’s degree in Finance or a related field. Competitive benefits include health coverage, retirement plans, and flexible work arrangements.

Benefits

Health, dental, and vision coverage

Defined-contribution retirement plan with matching

Bonus and merit program

Vehicle leasing program

Hybrid work environment

Tuition reimbursement

Qualifications

• 10–15 years of experience in finance, with 5 years in a senior insurance role.
• Demonstrated experience in overseeing pricing and regulatory reporting.
• Strong financial leadership in a multi-line insurance company.

Responsibilities

• Drive financial performance and strategy for VWFS insurance.
• Lead financial operations and insurance P&L ownership.
• Ensure compliance with IFRS 17 and provide financial reporting.

Skills

Pricing expertise

Financial forecasting

Stakeholder management

Leadership in cross-functional environments

Understanding of IFRS 17

Education

Bachelor’s degree in Finance

Master’s degree in Finance or MBA

Professional certifications (CPA, CFA)

Job description

Volkswagen Financial Services, a wholly‑owned subsidiary of Volkswagen Group, is the trusted key to mobility for its brand partners. We support Audi, Ducati, and Volkswagen brands and their dealers, providing accessible mobility solutions to 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 Head of NAR Insurance Finance is accountable for the overall financial performance and strategy for VWFS insurance in the North America Region (US & CAN). This role leads financial operations, including insurance P&L ownership, pricing oversight, risk governance, and IFRS 17 compliance. As member of the board of VW Protection Services and Bettle BC Holdings & Chairman of the Pricing Committee, the Head of NAR Insurance drives decisions on pricing, risk, and profitability. The Head also manages the insurance accounting function directly and the relationship with the shared accounting service from VWFS US for overall accounting.

Possible Tasks within this Role

Accountability

Member of the board of VW Protection Services and Bettle BC Holdings, providing financial insight and strategic counsel. Take ownership of the insurance P&L, driving profitability through proactive pricing, claims monitoring, reserves steering, and capital oversight.

Leadership and Development

Lead the finance, insurance accounting, controlling, and pricing functions Build a high‑performing, financially disciplined team.

Strategic Financial Leadership

Develop and lead the financial strategy for insurance, ensuring long‑term profitability, resilience, and regulatory compliance.

Chair Pricing Committee

Lead pricing decisions and oversee risk‑based pricing strategies in alignment with actuarial and business targets.

Insurance Risk & Portfolio Management

Oversee financial risk models, monitor historical portfolio performance, and lead claims forecasting. Proactively adjust and steer performance trends.

IFRS‑17 Compliance

Ensure full compliance with IFRS 17 and other regulations, driving accurate and transparent financial reporting.

Controlling & Reporting

Oversee planning, budgeting, and reporting cycles. Deliver timely and reliable internal and external financial reports.

Underwriting & Actuarial

Ensure underwriting and actuarial teams are aligned with business units, especially in terms of claims assumptions, pricing, and risk appetite.

Shared Services Oversight

Manage the relationship and Service Level Agreements (SLA) with shared service provider responsible for entity‑wide accounting. Ensure seamless coordination with in‑house insurance accounting.

Qualification requirements

Education

Bachelor’s degree in Finance, Accounting, Business Administration, or a related quantitative field.

Preferred

Master’s degree in Finance, Accounting, Business Administration (MBA), or a related quantitative field.

Professional certifications

CPA, CFA, or equivalent preferred; strongly preferred for advanced degree.

Additional training

Insurance‑specific finance, risk management, or actuarial methods.

Executive education

Leading business school (e.g., INSEAD, Wharton) is advantageous.

Experience

10–15 years of progressive experience in finance, with at least 5 years in a senior leadership role within the insurance or financial services sector.

Demonstrated experience

Overseeing pricing, underwriting alignment, and regulatory reporting in a complex, regulated environment.

Preferred Experience

15+ years total in finance, with at least 7–10 years in insurance or financial services, and 5+ years in a senior finance leadership role.

Direct experience

3–5 years managing insurance risks, pricing, and IFRS 17 implementation.

Skills

Extensive experience as CFO or senior financial leader in the insurance sector.

Expertise in pricing, controlling, accounting, and risk management.

Strong understanding and implementation experience with IFRS 17.

Skilled in financial forecasting, innovation, and claims analytics.

Proven leadership in cross‑functional and board‑level environments.

Excellent communication and stakeholder management skills.

Experience in automotive insurance environment.

Senior financial leader in multi‑line insurance company with international operations or group reporting responsibilities.

Track record of leading pricing transformation, IFRS 17 implementation, or integrating actuarial and financial functions.

Prior oversight of shared service agreements, successful managing outsourced finance or accounting relationships.

Experience serving on or advising a board of directors or audit committee in regulated environments.

We Offer

• Health, dental, and vision coverage.
• Defined‑contribution retirement plan at no cost to the employee, with generous matching.
• Bonus and merit program reinforcing pay‑for‑performance culture.
• Vehicle leasing program offering discounted rates; up to four vehicles per year for employees and eligible family members.
• Hybrid work environment with flexible policy.
• Floaters days for work‑life balance and personal use.
• Company‑designated holidays during December holiday period.
• Wellness programs including discounted gym memberships and mental health resources.
• Tuition reimbursement for approved courses.

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.

Only shortlisted candidates will be contacted.