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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 Multiple Opportunities For Actuarial Analysts I Or Actuarial Analysts II To Join One Of Our Teams In Corporate Actuarial And Insurance Pricing Areas. As An Actuarial Analyst, You Will Have Responsibility For a Variety Of Items Depending On Your Team, Potentially Including

• Estimating IBNR reserves, future emergence, and claims forecasting for ICBC’s material damage or injury coverages.
• Estimating rate adequacy, premium and exposure forecasting, responding to regulatory and government requests, and estimating the pricing impacts of potential benefits.
• Developing and refining pricing segmentation, emerging market segments, new products to support corporate wide priorities, and supporting rate applications to our regulator.
• Supporting functions such as financial reporting, capital adequacy testing, claims data preparation, reconciliation and validation
• 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.
• Mentor 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.

Our values guide how we interact with customers, 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.

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.

Perks And Benefits 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. We understand that in today’s market, candidates are seeking more flexibility.

• You will work twice a week at our North Vancouver Head Office, 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, with the flexibility of a schedule that works for you.
• We foster 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.

Our Benefits ICBC provides comprehensive and flexible benefit coverage to all eligible employees including a defined benefit pension plan, 4 weeks’ vacation and 3 Wellness Days.

• Three options of health and dental coverage. Two of those options fully paid by ICBC and with access to Flex credits.
• 100% employer paid life insurance, long term disability and travel insurance.
• Sick leave plan – 100% of pay for a period of a maximum of 8 weeks plus 85% of your pay for a subsequent period of up to 9 weeks.
• Additional optional insurance coverage.
• Defined benefit pension plan.