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actuarial analyst

Title posted on indeed.com - Actuarial Analyst II

Posted on November 22, 2024 by Employer details Insurance Corporation of British Columbia

Job details

We welcome applications from all qualified job seekers. Should you require any accommodations, including alternative interview formats, assistance with online assessments, or an ASL interpreter, throughout the application or hiring process, please email your request to accessibility\_services@icbc.com ? we are committed to ensuring an accessible experience for all candidates. At ICBC, we strive to build diverse teams which reflect the communities we serve. To support this, we?ve created two talent communities for Indigenous Peoples and People with Disabilities. By joining one of these communities, you?ll connect with our recruitment team who will guide you through the application process and help you explore opportunities at ICBC. Of course, you?re welcome to apply for jobs at ICBC whether or not you join a talent community. We look forward to hearing from you! Reference Number: 2231 Posted Date: Nov 22, 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: $98600.00 - $139700.00 Annually Location: North Vancouver, British Columbia, Canada 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. We currently have an opportunity for an Actuarial Analyst II to join our Reinsurance & Rating Maintenance team in the Insurance division. As an Actuarial Analyst II, you will have work on a variety of areas including: * Assist with insurance modeling/pricing analysis and reinsurance renewal process. * Assist with ongoing rating maintenance including rate group assignment. * Support manager/supervisor to deliver optimal service to internal and external customers. * Performs pricing analysis with appropriate data, assumptions and methods under guidance from supervisor. Present analysis results to internal and external customers (manager level) in understandable terms. * Understand and translate vague requests for analysis into specific terms. * Conduct data reasonability checks, ad hoc investigations, and remedies simple data issues. * Mentor junior analysts. * Conduct peer reviews of other analysts work to ensure accuracy and compliance to standards. * Identify opportunities for improvement to analytical work. *Job Requirements* * You have a post-secondary degree and a solid knowledge of actuarial principles along with at least two years' pricing experience across various actuarial work areas. * You have completed at least four actuarial exams, and you are actively pursuing your Fellowship with the CAS (or equivalent organization). * Team player, excellent verbal and written communication skills, solid analytical skills and critical thinking * Knowledge of Microsoft Excel and SQL are required, while experience with Python, Spark, VBA, and SAS would be beneficial An ideal candidate is excited to challenge the status quo, reliable 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. 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 to