Insurance Actuary Associate

Schedule: Full-time

OPRAS is seeking an Insurance Actuary Associate position. This position requires strong analytical skills and communication, the ability to train and supervise lower-level actuarial analysts, and the capability to work on multiple projects at the same time. The ideal candidate will be knowledgeable in Property and Casualty Insurance products and related Ohio and Federal insurance laws.

Your Key Responsibilities include but are not limited to the following:

Analyzing complex Property and Casualty Insurance rate filings for reasonableness of rate structure and determining if rates are adequate, not excessive, nor unfairly discriminatory according to sound actuarial principles, while ensuring compliance of rates with applicable state and federal laws and policies.

Notifying insurance companies of compliance issues with their rates, providing necessary information to the filers, and approving rates for use in Ohio.

Review reserves and assists the Risk Assessment area in the financial exam process.

Explains departmental policies & procedures to insurance entities or public; represents department at meetings, conferences, legislative, administrative hearings & court procedures on variety of technical & complex issues.

Directs development of technical reports on activities & industry trends; write & updates procedures, regulations, bulletins & recommend legislative changes.

Supervises & designs, directs & provides training for assigned staff, interviews applicants & recommend new hires, approves job assignments, evaluates work performance & disciplines assigned staff, serves as liaison in assigned division & advises director &/or senior department staff on complex & technical matters.

Creating and maintaining compliance review tools and providing analysis of data; and

Provide direction, training, and peer reviews of work completed by lower-level insurance actuarial analysts.

Completion of undergraduate core program in mathematics; designation as Associate in Casualty Actuarial Society (i.e., ACAS) for positions in Property & Casualty Division, or as Associate in Society of Actuaries (i.e., ASA) for positions in Managed Care Division or Life & Health Division or designation as Associate in Casualty Actuarial Society (i.e., ACAS) or designation as Associate of Society of Actuaries (i.e., ASA) for positions in Financial Regulation Division; designation as member of American Academy of Actuaries (i.e., MAAA); 6 yrs. exp. in actuarial field pertinent to assigned division (i.e., for positions in Managed Care Division, exp. must be in managed care field; for positions in Property & Casualty Division, exp. must be in property & casualty field; for positions in Life & Health Division, exp. must be in life & health field; for positions in Financial Regulation Division, exp. may be of any type); 24 mos. exp. in operation of personal computer.

Job Skills: Insurance