Contract Actuary - North Vancouver, BC, Canada - ICBC

Description

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7 billion in assets.
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.

We currently have an opportunity for an Actuary to join our Pricing or Corporate teams. 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.
Develop operational knowledge in areas such as underwriting, product development, and claims processing.

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.

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.

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.

At ICBC, it's our job to make sure the car insurance system works for all British Columbians, today and in the future.

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.

Resident – you will work at your primary in-office headquarters on all scheduled workdays.

Hybrid 8 – you will work a minimum of 8 days per month at your primary in-office headquarters (typically 2 days per week).

Hybrid 10 – you will work a minimum of 10 days per month at your primary in-office headquarters (typically one week in/one week out or up to 3 days per week).

Mobile – you will work remotely or in the field on scheduled workdays within British Columbia, with the requirement to be at your primary on-site headquarters by exception only.

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
Long term disability plan
Pension plan – defined benefit pension plan that pays a benefit to you or your beneficiary upon termination, death, or retirement
Canadian and international candidates are welcomed to apply.