Actuarial Analyst II

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At ICBC, we strive to build diverse teams which reflect the communities we serve. To support this, we’ve created two talent communities for Indigenous Peoples and People with Disabilities.  By joining one of these communities, you’ll connect with our recruitment team who will guide you through the application process and help you explore opportunities at ICBC. Of course, you’re welcome to apply for jobs at ICBC whether or not you join a talent community.

We look forward to hearing from you!

ICBC’s actuaries primarily work in two areas: Insurance Pricing and Corporate Actuarial. Insurance Pricing has responsibility for overall rate recommendations for both Basic and Optional Insurance products, rate design, program evaluation, and other insurance modeling projects. Corporate Actuarial has responsibility for the estimation of ICBC’s IBNR reserves, analyzing claims data and other relevant factors to identify future claims trends, financial reporting (discounting of unpaid claims, ULAE reserve), and capital adequacy testing to determine ICBC’s internal capital management MCT targets.

We currently have an opportunity for an Actuarial Analyst II to join our Reinsurance & Rating Maintenance team in the Insurance division. As an Actuarial Analyst II, you will have work on a variety of areas including:

• Assist with insurance modeling/pricing analysis and reinsurance renewal process.
• Assist with ongoing rating maintenance including rate group assignment.
• Support manager/supervisor to deliver optimal service to internal and external customers.
• Performs pricing analysis with appropriate data, assumptions and methods under guidance from supervisor. Present analysis results to internal and external customers (manager level) in understandable terms.
• Understand and translate vague requests for analysis into specific terms.
• Conduct data reasonability checks, ad hoc investigations, and remedies simple data issues.
• Mentor junior analysts.
• Conduct peer reviews of other analysts work to ensure accuracy and compliance to standards.
• Identify opportunities for improvement to analytical work.

Job Requirements

• You have a post-secondary degree and a solid knowledge of actuarial principles along with at least two years' pricing experience across various actuarial work areas.
• You have completed at least four actuarial exams, and you are actively pursuing your Fellowship with the CAS (or equivalent organization).
• Team player, excellent verbal and written communication skills, solid analytical skills and critical thinking
• Knowledge of Microsoft Excel and SQL are required, while experience with Python, Spark, VBA, and SAS would be beneficial

An ideal candidate is excited to challenge the status quo, reliable and strives to find efficiencies and process improvements.

About us: 

At ICBC, it’s our job to make sure the car insurance system works for all British Columbians, today and in the future. If you want to make the most of your skills and expertise while growing your career, we want you. A career at ICBC is an opportunity to be part of a talented, diverse and inclusive team that is driven to serve its customers and community. You can expect a competitive salary, comprehensive benefits and a collaborative work environment. If you are reliable and dependable, contact us today to be part of our talented and diverse team as we work together to create an insurance system we can all be proud of.

Work arrangements defined: 

• Hybrid 8 – you will work a minimum of 8 days in a 4-week period at your primary office headquarters (typically 2 days per week). The remaining days will be remote within British Columbia. 

ICBC provides comprehensive benefit coverage to all eligible employees including a defined benefit pension plan and 4 weeks’ vacation, plus Wellness Days.

• Three options available for your health and dental coverage
• Employee and Family assistance program (wellness support)
• Basic group life insurance
• Voluntary group life insurance
• Critical Illness insurance
• Sick leave plan – 100% of pay for a period of a maximum of 8 weeks
• Long term disability plan
• Pension plan – defined benefit pension plan that pays a benefit to you or your beneficiary upon termination, death, or retirement.

We invite you to apply today and find out why employees recommend ICBC to their friends and family as an excellent place to work. We value and seek to maintain an environment of Collaborative, Supportive, Straightforward, and Knowledgeable team. Come join us at one of BC’s Top Employers!

Employing a hybrid working model, this role combines on-site in office work with work from home flexibility.

Only candidates legally entitled to work in Canada will be considered for this position.

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