Actuarial Analyst II

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We look forward to hearing from you!

Position Highlights

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 $5.3 billion and $19.1 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 claims reserves, determining future claims trends, financial reporting, and capital adequacy testing to determine ICBC’s internal capital management MCT targets.
• ICBC’s actuaries have opportunities to work in both areas through the internal rotation program.
  
  

We currently have an opportunity for an Actuarial Analyst II to join one of our Reserving teams in Corporate Actuarial area. As an Actuarial Analyst II, you will have responsibility for estimating IBNR reserves, future emergence, and claims forecasting for ICBC’s material damage or injury coverages. Other duties may also be assigned depending on the successful candidate’s training and experience.

Key Accountabilities Include

• Acquires data and performs analysis with guidance from supervisor.
• Mentors junior analysts.
• Conducts peer reviews of other analysts work to ensure accuracy and compliance to standards.
• Conducts data reasonability checks and remedies simple data issues.
• Under the guidance of their supervisor, selects appropriate methods, assumptions and data for analysis.
• Identifies opportunities for improvement to analytical work.
• Understands and translates vague requests for analysis into specific terms.
• Writes technical and client-oriented reports and presents analysis results to internal and external customers (manager level) in understandable terms.
  
  

Position Requirements

If you have the below experience, we would love for you to connect with us to learn more.

• You have a post-secondary degree and a solid knowledge of actuarial principles along with at least two years' experience in a variety of actuarial work areas.
• You have completed at least four CAS exams (or completed CIA Capstone Exam with SST), and you are actively pursuing your Fellowship with the CAS, CIA or an equivalent organization.
• People describe you as a team player.
• You have excellent verbal and written communication skills in English.
• Advanced knowledge of MS Excel is required.
• Exposure to ResQ, Python, SQL, and VBA are considered assets.
  
  

An ideal candidate is excited to challenge the status quo, provide creative solutions to business problems, 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.
  
  

Our values guide how we interact with customers, stakeholders, partners, and each other. They shape our decisions and create a culture where employees feel inspired and empowered to do their best work

• Collaborative: We include different perspectives to reach our common goals.
• Supportive: We seek to understand to meet diverse and evolving needs.
• Straightforward: We simplify the complex to make things easier.
• Knowledgeable: We gain knowledge through experience and learning to make informed decisions
  
  

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!

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

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