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Reference Number:  2087

Posted Date:  Oct 31, 2024

Employment Type:  Permanent Full Time

Hours of Work:  7.5 hours per day - 5 day week (M-F)

Work Arrangement:  Hybrid 8

Salary Range:  $162000.00 - $229900.00 Annually

Location:  North Vancouver, British Columbia, Canada

We have an exciting opportunity for a Senior Manager leading our Corporate Reserving teams.  Reporting to the Corporate Actuary, the Senior Manager will lead three teams focused on delivering loss reserve estimates and forecasts for injury and material damage claims, developing enhancements to our reserving techniques and capabilities, and supporting our pricing team as well as the Appointed Actuary to deliver their commitments.  With the introduction of the new Enhanced Care coverages effective May 1, 2021, the teams are developing methods for estimation and insight over the new coverages, addressing the long-term run-off of remaining injury claims under the old system, and responding to shifting levels of inflation affecting vehicle and repair costs.  We are looking for a people leader who has experience managing and motivating a team of actuarial professionals.  The Senior Manager will also be a key player in providing meaningful insights to operational partners within ICBC and maintaining alignment with other key analytics groups. 

Specific accountabilities include:

• Manage a staff of three managers that have three to five actuarial and data science professionals each.

• Manage, review, and communicate the quarterly claims forecast analyses.

• Support the appointed actuary and external auditors in completion of year-end duties.

• Monitor relevant business results, and regularly share insights from actuarial analysis with key partners in claims and insurance business areas.

• Provide support for regulatory rate filings.

• Ensure that appropriate processes are in place to produce reserving analyses that are of high quality and meet actuarial standards.

• Remain up to date on current and emerging actuarial issues and methodologies in P&C reserving.

• Work closely with other actuarial teams to continually enhance and improve actuarial methodology and meet the needs of key users of the actuarial results.

• Lead performance of direct reports inclusive of providing professional and technical guidance and provide regular performance reviews.

• Work collaboratively and share resources with other team managers to ensure the commitments of the department are met.

Position Requirements

The successful candidate will have several years’ related experience and a strong knowledge of actuarial principles and practices.  Ability to create a collaborative and positive work environment, build and maintain strong and effective relationships, and effect change from a position of influence are key work attributes for this position.  A proven track record of success in coaching and mentorship is required. Experience with automobile insurance or other P&C background is required.

Additional requirements include:

• Fellow of the Casualty Actuarial Society (CAS), or equivalent.

• At least 10 years of relevant experience, including 4+ years of leading a team.

• Superior communication and presentation skills, with the ability to communicate with all levels of leadership at the right level for the audience.

• Excellent analytical and problem-solving skills with the ability to understand context and its impact on all issues, identify key areas requiring action and successfully execute strategies for resolution.

• Willingness to act as a change agent for the organization, demonstrating courage and integrity.

• Ability to propose appropriate compromises in the interest of corporate objectives and constraints.

• Experience managing and coaching actuarial professionals.

• Excellent written and verbal communication skills in English.

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.

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. 

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

• Three options available for your health and dental coverage

• Employee and Family assistance program (wellness support)

• Basic group life insurance

• Voluntary group life insurance

• Critical Illness insurance

• Sick leave plan – 100% of pay for a period of a maximum of 8 weeks

• Long term disability plan

• Pension plan – defined benefit pension plan that pays a benefit to you or your beneficiary upon termination, death, or retirement.

We invite you to apply today and find out why employees recommend ICBC to their friends and family as an excellent place to work. We value and seek to maintain an environment of Collaborative, Supportive, Straightforward, and Knowledgeable team. Come join us at one of BC’s Top Employers!

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

About ICBC -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.

Connections working at ICBC -Insurance Corporation of British Columbia