Life and Health Actuary & Property and Casualty Actuary (PCN 08-4044) - State of Alaska
Alaska, AK
About the Job
The Department of Commerce, Community and Economic Development,
Division of Insurance, is recruiting for a Property & Casualty and Life and Health Actuary.
Division of Insurance, is recruiting for a Property & Casualty and Life and Health Actuary.
Under the general direction of the Director, this position will serve as the Actuary in our Juneau office. This position will provide technical actuarial support for issues involving property and casualty insurance or life and health insurance, including the review of premium rates for use in Alaska, and financial analyses of insurer solvency and reserve adequacy.
Duties of this position include but are not limited to:
The Actuary position is stationed in our Juneau office, though telework options are available for incumbents domiciled elsewhere. Candidates should have at least five years of actuarial experience with a solid understanding of insurance policy rate and form filing review within the context of the state-based regulatory system. Experience reviewing or preparing actuarial aspects of personal and commercial lines insurance, annuity, and reinsurance product filings is helpful.
- Review rates, forms, and rules for all property and casualty plans for life and healthcare plans for compliance with Alaska and federal statutes and regulations.
- Verify trend, experience, utilization and other criteria submitted by companies to support their rate filing(s).
- Interact with insurance companies to expedite the rate filing evaluation process.
- Provide technical expertise to other division staff, including the director and filing analysts.
- Perform policy analysis, market research, and data collection.
- For the Property and Casualty Actuary position: Take lead role in formulating, drafting, implementing, and monitoring legislation and regulation on health insurance, life, annuity, disability income and long term care insurance, and other insurance-related issues.
- Monitor and analyze state and federal studies and proposals; and make recommendations to the director.
- Analyze data, preparing reports, and presenting information to a variety of audiences including members of the industry regulated by the Division of Insurance.
- Formulate and interpret statistical data.
- Evaluate insurer operations.
- Provide technical support for financial examinations of companies and producers.
- Respond to inquiries and requests for information from division staff, the public, other state agencies, state insurance departments, and the legislature.
- Attend continuing education seminars; participate in webinars and conference calls to keep informed of state and national trends, statutes, and regulations.
- Participate on National Association of Insurance Commissioners (NAIC) task forces and working groups.
- Draft laws and regulations, often as the director’s designee; and prepare issue papers, actuarial guidelines, handbooks, and compliance manuals.
- Travel to such locations and with such frequency as the director deems necessary or desirable. Position may require overnight, out-of-town travel at least three times each year.
- Demonstrate strong organizational, time management, and communication skills.
- Work collaboratively in a virtual environment with team members in different locations.
- Demonstrate superior attention to detail and strong writing skills.
- Explain complex actuarial concepts in terms understandable to non-actuaries.
- Knowledge of insurance actuarial procedures and principles.
- Knowledge of insurance finances; insurance principles and coverages and insurance company operations and management.
- Knowledge of financial reporting procedures and policies; loss reserving methodologies.
- Higher level mathematics, probability, and statistics.
- Knowledge of insurance laws, rules, and regulations.
- Effectively present information, verbally and in writing, to state insurance regulators, insurance company personnel, and the general public at all organizational levels.
- Communicate effectively, both orally and in writing; develop and manage rate filing tracking system.
- Proficiency in System for Electronic Rate and Form Filing (SERFF); Microsoft Word, Excel, and PowerPoint; and Adobe Acrobat.
More information about our division may be found on our website at http://insurance.alaska.gov
Source : State of Alaska
