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.
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.
We currently have an opportunity for an Actuarial Analyst to join our Forecasting and Financial Reporting team in the Corporate Actuarial area. As an Actuarial Analyst, you will have responsibility for financial reporting, capital adequacy testing, claims data preparation, and claims data reconciliation and validation. Other duties may also be assigned depending on the successful candidate’s training and experience.
You have a post-secondary degree and a solid knowledge of actuarial principles along with two or more years' experience in a variety of actuarial work areas. You have completed at least four actuarial exams and are actively pursuing your Fellowship with the CAS. Known for being a team player, your excellent verbal and written communication skills will be complemented by a 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 will be required while exposure to Visual Basic, SQL, and SAS are considered assets.
About Insurance Corporation of British Columbia
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. Make the most of your skills and take the opportunity to grow and develop your career. You can expect a competitive salary, comprehensive benefits and a challenging work environment. Drive your career with us.
ICBC is committed to being an inclusive employer, one that reflects the diversity of the people and communities of British Columbia.