Actuary

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.

We welcome applications from all qualified job seekers. If you are a job seeker with a disability, please let us know as adjustments can be made to help support you in delivering your best performance.

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 $18 billion in assets.

We currently have an opportunity for an Actuary or (Senior) Analyst to join our Injury Reserving team in the Corporate Actuarial area.

As an Actuary or (Senior) Analyst, you will have responsibility for estimating IBNR reserves, future emergence, and claims forecasting for ICBC’s injury coverages. Other duties may also be assigned depending on the successful candidate’s training and experience.

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, DPAC, ULAE reserve), and capital adequacy testing to determine ICBC’s internal capital management MCT targets.

Position Requirements

• You have FCAS or equivalent designation;

• You have a post-secondary degree and a solid knowledge of actuarial principles along with three to six years’ experience in a variety of actuarial work areas;

• People describe you as a team player;

• You have excellent verbal and written communication skills, which will be complemented by solid analytical skills and critical thinking;

• You are also comfortable communicating with non-actuarial areas of the company, such as financial accounting and information management;

• Knowledge of MS Excel is required;

• Experience with actuarial reserving software, Visual Basic, SQL, R and SAS are considered assets.

Position Information

• Competitive Salary & Benefits: We are committed to providing industry competitive salary and benefits.

• Continuous Training: We offer continuous in-house training to ensure you are equipped with the knowledge to be successful in your role.

• Flexible Working Arrangements: We offer flexible working arrangements as we continue to support our employees in balancing their career and family commitments.

• COVID-19 safety protocols: We comply with WorkSafeBC and the health authorities of British Columbia to ensure your safety and wellbeing. As announced by the Provincial government, all ICBC employees will be required to show proof of full Covid-19 vaccination.

• Engaging Culture: We promote an inclusive and diverse work environment.

We welcome applications from all qualified job seekers. If you are a job seeker with a disability, please let us know as adjustments can be made to help support you in delivering your best performance.

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


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