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 written premiums of $4.9 billion and $23.7 billion in assets.

At ICBC, there is a high demand for good quality actuarial candidates, and we believe that we can offer unique opportunities and competitive benefits in this market.

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.

Position Requirements

We currently have an opportunity for an Actuary to join the financial reporting team in Corporate Actuarial department. The successful candidate will support ICBC’s transitioning to IFRS 17 and update financial forecasting model for capital adequacy testing. 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 two to five years' experience in a variety of actuarial work areas.

• You have completed at least three actuarial exams and are actively pursuing your Fellowship with the CAS.

• 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, financial forecasting software, Visual Basic, SQL, R, and SAS are considered assets.

Position Information

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

• We currently have a hybrid working model where you can work from home for up to 3 days a week.

• Our salaries are competitive and depending upon the role, the Recruitment Specialist will provide you with the range.

• As an actuary at ICBC there are development opportunities that will allow you to progress to either a non-management senior technical role or a management people leadership role.

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.

About 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 coverages.

• Defined Pension benefit plan.