IBC 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.
Our Corporate Actuarial department is responsible for the core actuarial processes for the Corporation. We analyze claims data and other relevant factors to identify future claims trends, estimate IBNR and ULAE reserves, and support financial reporting (e.g. discounting of unpaid claims, and DPAC). We also undertake risk modeling to regularly assess the corporation’s capital requirements.
We currently have an opportunity for an actuary to join our team. As an actuary, you will apply your well developed technical skills on a team within Corporate Actuarial to further ICBC’s corporate strategies of maintaining financial stability and promoting operational excellence. You will have the opportunity to analyze loss data to determine appropriateness of ICBC’s reserves and identify trends. Working within a small team, you will use your experience and expertise to provide mentorship for actuarial analysts. You will also have potential for rotation within the Corporate Actuarial department (i.e. financial reporting and risk modeling), or in the Insurance Pricing area. Other duties may also be available depending on the successful candidate’s training and experience. Progression towards a management position is also a possibility.
The successful candidate will have several years’ experience as a Fellow of the Casualty Actuarial Society (or an equivalent actuarial designation), working in property and casualty insurance. Recent experience in automobile insurance would be an advantage.
Additional requirements include: • A strong knowledge of actuarial principles and current practices • Excellent verbal and written communication skills complemented by solid analytical skills and critical thinking • Advanced knowledge of MS Excel will be required while exposure to Visual Basic, SQL, and Tableau are considered assets.
Employer will assist with relocation costs.
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.