We’re driven to ensure the well-being of drivers. We’re working to keep rates low as possible, delivering excellent service consistently, and proactively partnering to reduce crashes and loss.
Position: Assistant Actuary – Fellow (FCAS) Location: North Vancouver Employment Type: Temporary Full Time
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 $4.4 billion and $16.7 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 Assistant Actuary to join our team initially on a 6 month temporary basis to cover a leave of absense. As an Assistant Actuary, you will apply your well developed technical skills in either Insurance Pricing or Corporate Actuarial to further ICBC’s corporate strategies of maintaining financial stability and promoting operational excellence. You will also have the opportunity to rotate within the two actuarial areas as well as other areas within ICBC such as Advanced Analytics depending on training and experience. Progression towards a management position is also a possibility.
As a qualified applicant, you will have:
Successfully obtained your Fellowship through the Casualty Actuarial Society or an equivalent Actuarial organization;
A solid knowledge of actuarial principles along with at least five years’ experience in property and casualty actuarial work;
Excellent verbal and written communication skills complemented by a solid analytical skills and critical thinking;
Advanced knowledge of MS Excel will be required while exposure to Visual Basic, SAS, SQL, and Tableau are considered assets.
Loss reserving experience is preferred, however financial reporting and/or capital modeling would also be an asset.
About Insurance Corporation of British Columbia
ICBC is one of British Columbia's largest corporations and one of Canada’s largest property and casualty (P&C) insurers with annual earned premiums of $4.4 billion and $16.7 billion in assets.
A career at ICBC is more than a job— it’s an opportunity to be part of a talented, diverse and inclusive team that is driven to serve its customers and community. We’re committed to our employees’ experience and support ongoing learning and development. If you’re looking to challenge yourself, grow professionally, and make a real difference, we should talk. You may be exactly the kind of team member we’re looking for.