Overview

Who we are

Collaborative. Respectful. A place to dream and do. These are just a few words that describe what life is like at Toyota. As one of the world’s most admired brands, Toyota is growing and leading the future of mobility through innovative, high-quality solutions designed to enhance lives and delight those we serve. We’re looking for diverse, talented team members who want to Dream. Do. Grow. with us.

To save time applying, Toyota does not offer sponsorship of job applicants for employment-based visas or any other work authorization for this position at this time.

An important part of the Toyota family is Toyota Financial Services (TFS), the finance and insurance brand for Toyota and Lexus in North America. While TFS is a separate business entity, it is an essential part of this world-changing company – delivering on Toyota’s vision to move people beyond what’s possible. At TFS, you will help create best-in-class customer experiences in an innovative, collaborative environment.

Who we’re looking for:

Toyota’s Data and Analytics group is looking for a motivated and experienced Senior Actuarial Analyst to join their team. The role’s primary responsibility is the development and deployment of pricing and reserving assessments for the company’s insurance and protection products. This includes regular rate indications, support for state rate filings, and partnering with the product development team on new products. This role is also responsible for reviewing revenue patterns, reserving, audit support. The role is a key partner with the product and accounting teams, ensuring the actuarial function is optimally leveraged and driving value for the business.

What you’ll be doing

• Monitor the components of the product price and identify opportunities to take action.

• Develop and implement pricing and ratemaking methodologies/models using relevant and appropriate actuarial techniques.

• Create analysis and exhibits as needed to support state rate-filings and present recommendations to internal stakeholders.

• Generate ad-hoc pricing analyses/simulations as requested by senior management.

• Assists in monitoring earning and claim patterns

• Ensure model development discipline through consistently maintained documentation, data and model validation, and appropriate approvals.

• Work with the accounting teams in the quarterly reserving process according to industry actuarial/accounting standards.

• Help prioritize work based on needs and value for actuarial science support to the business

• Establish standards and processes for the team to improve efficiency and quality (e.g., reserving approach, pricing methodology, automation, etc.)

What you bring ·

• Bachelor’s degree in Actuarial Science, Math, Finance, Economics, Statistics or related field

• Strong analytical and quantitative skills

• Strong knowledge of insurance underwriting and associated regulations

• Strong understanding of actuarial concepts such as ratemaking, reserving, rate filing approval, claims development, trend analysis, credibility analysis

• Superior communication, presentation, and change management skills

• Ability to influence stakeholders, explain concepts to influence audience to drive outcomes, and gain buy-in

• Experience with predictive modeling in actuarial science

Added Bonus if you have

• Already credentialed as or near completion of Associate of the Casualty Actuarial Society (ACAS) Pricing and rate filing experience

• Experience in warranty products and automotive industry

• Checks and Controls experience

What we’ll bring

During your interview process, our team can fill you in on all the details of our industry-leading benefits and career development opportunities. A few highlights include:

• A work environment built on teamwork, flexibility, and respect.

• Professional growth and development programs to help advance your career, as well as tuition reimbursement.

• Vehicle purchase & lease programs.

• Comprehensive health care and wellness plans for your entire family.

• Flextime and virtual work options (if applicable).

• Toyota 401(k) Savings Plan featuring a company match, as well as an annual retirement contribution from Toyota regardless of whether you contribute.

• Paid holidays and paid time off.

• Referral services related to prenatal services, adoption, childcare, schools, and more.

• Flexible spending accounts.

• Relocation assistance (if applicable).

Belonging at Toyota

Our success begins and ends with our people. We embrace diverse perspectives and value unique human experiences. Respect for all is our North Star. Toyota is proud to have 10+ different Business Partnering Groups across 100 different North American chapter locations that support team members’ efforts to dream, do and grow without questioning that they belong. As a company that has been one of DiversityInc’s Top 50 Companies for Diversity and a member of The Billion Dollar Roundtable supporting minority and woman-owned suppliers for over 10 years, we are proud to be an equal opportunity employer that celebrates the diversity of the communities where we live and do business.

Applicants for our positions are considered without regard to race, ethnicity, national origin, sex, sexual orientation, gender identity or expression, age, disability, religion, military or veteran status, or any other characteristics protected by law.

Have a question, need assistance with your application or do you require any special accommodations? Please send an email to talent.acquisition@toyota.com.