Actuary

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We look forward to hearing from you!

ICBC is one of BC’s largest corporations and one of Canada’s largest property and casualty (P&C) insurers with annual earned premiums of $4.9 billion and $23.7 billion in assets.

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 Actuary to join our Pricing team. Key accountabilities include:

· Contribute to the pricing analysis, ensuring compliance with Accepted Actuarial Practice in Canada.

· Supervise junior team members and provide peer review of their work.

· Author reports that draw attention to critical issues and required actions.

· Communicate complex technical results, verbally and in writing, to key internal and external stakeholders, including senior management.

· Lead large projects.

· Identify and implement process improvements to analytical work.

· Develop operational knowledge in areas such as underwriting, product development, and claims processing.

Ideal Requirements

· Post-secondary degree and a solid knowledge of actuarial principles along with a minimum of four years of relevant experience in a variety of actuarial work areas.

· Attained or close to attaining the Fellowship designation with the CAS (or equivalent organization).

· Excels at collaborating with others.

· Excellent verbal and written communication skills, which will be complemented by solid analytical skills, critical thinking, and knowledge of the insurance landscape.

· Excited to challenge the status quo and provide creative solutions to business problems.

Analytical Software Tools

· Advanced knowledge of MS Excel is required.

· A Master or higher degree in Actuarial Science, Statistics or other related fields is preferred.

· Exposure to Python, SQL, R, VBA, PySpark and SAS are considered assets.

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. 

What to Expect

· As a valued member of the ICBC team, you’ll thrive in a performance-driven environment that emphasizes employee leadership and accountability for delivering results.

· You will work twice a week at our North Vancouver Head Office (or other approved ICBC locations), next to the Seabus and Lonsdale Quay, which provides easy access to the beautiful scenery of North Vancouver, as well as the mountains and hiking trails of the North Shore.

· You will be able to work from home up to 3 days a week if you choose to.

· ICBC has a strong focus on diversity, equity, and inclusion and fosters a people oriented work environment with ongoing campaigns that address physical, social, financial and mental health.

· You will have free access to the fully equipped ICBC gym and fitness classes.

· Your work will involve the largest vehicle dataset in the province and have the potential to impact auto insurance for all drivers in BC.

ICBC provides comprehensive benefit coverage to all eligible employees including a defined benefit pension plan and a minimum of 4 weeks’ vacation, plus 3 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

Canadian and international candidates are welcomed to apply.

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