Loading, please wait...

actuary

Posted on April 12, 2024 by Employer details Insurance Corporation of British Columbia

Job details

We welcome applications from all qualified job seekers. Should you require accommodations throughout the application or hiring process, please don?t hesitate to contact accessibility\_services@icbc.com, as we are committed to ensuring a seamless and accessible experience for all candidates. Also consider joining our Indigenous Peoples or People with Disabilities Talent Pool to *receive information about future opportunities* and to learn more about our DEI hiring. Are you a current ICBC Employee? Click here to access our internal portal. 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 $4.9 billion and $23.7 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, ULAE reserve), and capital adequacy testing to determine ICBC?s internal capital management MCT targets. * *Reference Number: *775 * *Posted Date: *March 21, 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: *$114715.00 - $143394.00 Annually * *Location: *North Vancouver, British Columbia, Canada We currently have an opportunity for an Actuary to join our Pricing or Corporate teams. Key accountabilities include: * Contribute to the reserving/pricing analysis, ensuring compliance with Accepted Actuarial Practice in Canada. * Supervise junior team members and provide peer review of their work. * Author reports that draw attention to critical issues and required actions. * Communicate complex technical results, verbally and in writing, to key internal and external stakeholders, including senior management. * Lead large projects. * Identify and implement process improvements to analytical work. * Develop operational knowledge in areas such as underwriting, product development, and claims processing. *Ideal Requirements* * Post-secondary degree and a solid knowledge of actuarial principles along with a minimum of four years of relevant experience in a variety of actuarial work areas. * Attained or close to attaining the Fellowship designation with the CAS (or equivalent organization). * Excels at collaborating with others. * Excellent verbal and written communication skills, which will be complemented by solid analytical skills, critical thinking, and knowledge of the insurance landscape. * Excited to challenge the status quo and provide creative solutions to business problems. _Analytical Software Tools_ * Advanced knowledge of MS Excel is required. * Exposure to ResQ, Python, SQL, R, VBA, and SAS are considered assets. *What to Expect* * As a valued member of the ICBC team, you?ll thrive in a performance-driven environment that emphasizes employee leadership and accountability for delivering results. * You will work twice a week at our North Vancouver Head Office (or other approved ICBC locations), next to the Seabus and Lonsdale Quay, which provides easy access to the beautiful scenery of North Vancouver, as well as the mountains and hiking trails of the North Shore. * You will be able to work from home up to 3 days a week if you choose to. * ICBC has a strong focus on diversity, equity, and inclusion and fosters a people oriented work environment with ongoing campaigns that address physical, social, financial and mental health. * You will have free access to the fully equipped ICBC gym and fitness classes. * Your work will involve the largest vehicle dataset in the province and have the potential to impact auto insurance for al