Junior Actuarial Analyst

ATTENTION: This is an internal ICBC job posting. External applicants will not be considered. 

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 $5.3 billion and $19.1 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 claims reserves, determining future claims trends, financial reporting, and capital adequacy testing to determine ICBC's internal capital management MCT targets.
• ICBC's actuaries have opportunities to work in both areas through the internal rotation program.

We currently have an opportunity for a Junior Actuarial Analyst to join our Revenue Requirements team in Insurance Pricing area. As a Junior Actuarial Analyst, you will have responsibility for analyzing and updating the Basic and Optional rate indication, selecting trends, contributing to the rate filing and providing rating expertise to other teams. Other duties may also be assigned depending on the successful candidate's training and experience.

Key accountabilities includes:

• Prepares data and performs analysis at direction of supervisor.
• Conducts peer reviews of other analysts' work to ensure accuracy.
• Conducts data reasonability checks.
• Prepares exhibits to convey actuarial work results.
• Under the guidance of their supervisor, selects appropriate methods, assumptions and data for analysis.
• Identifies opportunities for improvement to analytical work.
• Writes technical and client-oriented reports and presents analysis results to internal and external customers (manager level) in understandable terms.

Position Requirements 

• You have a post-secondary degree and a solid knowledge of actuarial principles along with at least one year experience in a variety of actuarial work areas.
• You have completed at least 1 CAS exams (or completed CIA Capstone Exam with SST), and you are actively pursuing your Fellowship with the CAS, CIA or an equivalent organization.
• People describe you as a team player.
• You have excellent verbal and written communication skills in English.
• Advanced knowledge of MS Excel is required. 
• Exposure to ResQ, Python, SQL, and VBA are considered assets.

An ideal candidate is excited to challenge the status quo, provide creative solutions to business problems, and strives to find efficiencies and process improvements.

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. Check out our ICBC Year in Review 2025  to learn more about what we've accomplished 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.

 Our values guide how we interact with customers, partners, and each other. They shape our decisions and create a culture where employees feel inspired and empowered to do their best work.

• Collaborative: We include different perspectives to reach our common goals.
• Supportive: We seek to understand to meet diverse and evolving needs.
• Straightforward: We simplify the complex to make things easier.
• Knowledgeable: We gain knowledge through experience and learning to make informed decisions.

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. 

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