Actuarial Analyst

Overview

Select how often (in days) to receive an alert:

The State Personnel System is an E-Verify employer. For more information click on our E-Verify Website.

Requisition No: 868795

Agency:
Office of Insurance Regulation

Working Title:

ACTUARIAL ANALYST -

***** OPEN COMPETITIVE EMPLOYMENT OPPORTUNITY *****

OFFICE OF INSURANCE REGULATION
BUREAU: PROPERTY AND CASUALTY PRODUCT REVIEW

CITY: TALLAHASSEE

COUNTY: LEON

The Florida Office of Insurance Regulation (OIR) strives to promote a stable and competitive insurance market for consumers. With a workforce of approximately 250 staff members, OIR regulates one of the largest, most complex insurance markets in the world. OIR offers a range of challenging and rewarding opportunities for individuals looking to grow in their careers, as well as a wide variety of top insurance–related courses and professional certifications to ensure that its staff have the industry knowledge needed to succeed.

OIR employees also have access to the State of Florida’s tuition waiver program, which offers educational assistance to full-time, salaried employees.

As a State Agency, OIR offers excellent benefits, including health, dental, and vision insurance; retirement plans; flexible spending accounts; health savings accounts; and more. OIR also offers annual and sick leave, a generous holiday schedule, and flexible work schedules. Click the links below to see the many benefits and retirement options you have as a State of Florida employee:

• Assist the supervising actuary in the preparation of recommendations based on actuarial analysis of rate and rate-related filings.
• Perform actuarial calculations of property and casualty rate filings to determine whether or not rates are excessive, inadequate, or unfairly discriminatory and in compliance with statutory requirements.
• Review property and casualty insurance rate filings to determine compliance with state insurance laws that rates not be excessive, inadequate, or unfairly discriminatory.
• Research, prepare, and submit data to support recommendations relative to actuarial analysis.
• Prepare data summaries, extracts, and analysis for reports generated by the Actuary, including written documentation as requested.
• Summarize, reconcile, and analyze data used in financial examinations of companies. Assist in preparing correspondence and monitoring responses.
• Design, collect, analyze, and review statutorily required reporting forms. Correspond with external sources to ensure compliance with legislation as interpreted by the Department. Use standard statistical formulae and analytical procedures to analyze rate filings.
• Maintain all manuals, databases, and logs related to assigned rate filing. Recommend changes needed to improve the reliability and/or availability of data.
• Perform other related duties as assigned by the supervising actuary, the Division Director, his/her designee, or upper management.

Minimum Qualifications for this position include the following REQUIRED ENTRY LEVEL KNOWLEDGE, SKILLS, AND ABILITIES:

• Knowledge of insurance, probability, and statistics.
• Knowledge of rate making principles.
• Ability to use Excel, Microsoft Word, or a comparable word processing application (version in use as Department standard)
• Ability to communicate effectively both verbally and in writing.
• Ability to organize, document, and present data in a logical format.
• Ability to write reports.
• Ability to maintain effective working relationships with others.
• Skill in the use of a personal computer/Windows, and Internet navigation.

Qualified applicants will be required to take a work sample.

The annual salary for this position is $53,000.04.

Employees of the Office of Insurance Regulation are paid on a monthly pay cycle.

This is a non-remote on-site position located in Tallahassee, FL.

Responses to qualifying questions must be clearly supported by the state application, and any omission, falsification, or misrepresentation in the answering of the qualifying questions will be cause for immediate elimination from the selection process.

The State of Florida is an Equal Opportunity Employer/Affirmative Action Employer,…