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Assistant Actuary - ICBC - North Vancouver, BC

Insurance Corporation of BC (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.




Assistant Actuary


Terms of Employment: Permanent




We currently have an opportunity for an Assistant Actuary to join our team. As an Assistant Actuary, you will apply your well-developed technical skills in 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.


Position Requirements:


  • Successfully obtained your Fellowship through the Casualty Actuarial Society or an equivalent Actuarial organization such as Canadian Institute of Actuaries (FCIA).
  • 5 years of experience as a Senior Actuary in a large, complex environment.
  • Post-secondary degree in either Actuary Sciences, mathematics, statistics.
  • A solid knowledge of actuarial principles along with at least 5 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
  • Language requirements: English


Compensation: The salary range for this position is $103k to $130K, depending upon experience.




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


  • Extended health plan – 100% employer paid
  • Dental plan – 100% employer paid for Basic coverage; 70% employer paid for major coverage.
  • MSP – 100% employer paid life insurance, LTD, travel insurance
  • Sick leave plan – 100% of pay for a period of a maximum of 15 weeks- 100% employer paid
  • Long term disability plan
  • Basic group life insurance
  • Voluntary group life insurance
  • Pension plan – defined benefit pension plan that pays a benefit to you or your beneficiary upon termination, death or retirement – optional for first 2 years of employment and mandatory after 2 years
  • Optional Employee and Family Assistance Program
  • Optional Canada Savings Bond Payroll Savings Program
  • Optional Registered Retirement Savings Plan
  • CPP – Automatic


Benefits effective on the first of month following start date (there are exceptions for out of province hires) except dental which is a 3 month waiting period.


Location: 151 West Esplanade, North Vancouver, BC


How To Apply: online at http://www.icbc.com


Include this reference number in your application: 110742


Date Posted: 2018-02-23 Expires: 2018-03-25