TDI-Actuary III-IV

Do you have a passion for public state service and enjoy making a difference? The Texas Department of Insurance (TDI) is hiring! We regulate the insurance industry, administer the Texas workers’ compensation system, and educate and protect consumers. Apply now if you’re looking for a rewarding career in public service. The Texas Department of Insurance is in the Capitol Complex, in the Barbara Jordan Building at 1601 Congress Avenue in Austin, near the Texas Capitol.

Benefits of working at TDI

• Flexible work schedules.
• Work-life-balance.
• 96 hours of accrued vacation a year.
• 96 hours of accrued sick leave a year.
• 20+ holidays every year.
• Career advancement opportunities.
• Free parking.
• 401(k) and 457 Programs.
• State of Texas retirement plan with a lifetime annuity through the Employee Retirement System of Texas (ERS).
• Free comprehensive medical insurance for full-time employees and 50% off premium costs for dependents (state pays other 50%).
• Optional benefits like dental, vision, life insurance, and many more.
• Qualified employer for the Federal Public Service Loan Forgiveness Program.

Before you apply

TDI does not sponsor or assume sponsorship of an employment visa.

Learn about our selection process, our military employment preference, licensing, and credential requirements.

Actuary III/IV (Health Actuary)

The Health Actuary (Actuary III/IV) performs highly complex and/or advanced actuarial work to support the strategic objectives of the Financial Regulation Division. Work involves providing actuarial advice and consultation and performing actuarial analysis and examination of reserves and other actuarial matters. Works under limited and/or minimal supervision with considerable latitude for the use of initiative and independent judgment. Brief description of the job.

This

position

• Performs actuarial examinations of health insurance companies and other related entities and prepares examination reports and work papers.
• Performs reviews of actuarial opinions, supporting actuarial reports, and other related actuarial analysis.
• Provides feedback, coaching, guidance, and technical assistance to others as applicable.
• Progresses toward achieving required actuarial credentials, or completes relevant continuing education, including meeting the minimum requirement to maintain actuarial credentials.
• Performs actuarial analysis as needed for the Financial Regulation Division and the agency.
• Participates in special projects as assigned which may include efforts on rules, legislation, and requirements.
• Performs other duties as assigned.

This position requires

• Graduation from an accredited four-year college or university, preferably with a major in statistics, mathematics or actuarial science, insurance, or related field.

Actuary III

• A minimum of three (3) years of relevant actuarial work experience.
• A Health Actuary without credentials as an Associate of the Society of Actuaries is expected to demonstrate commitment toward achieving associateship by effectively attempting the equivalent of 2 exam sittings during each 18-month period and completing the equivalent of 1 exam during each 18-month period.

Actuary IV

• A minimum of five (4) years of relevant actuarial work experience.
• Associate or Fellow with the Society of Actuaries and a member of the American Academy of Actuaries in good standing including maintaining required continuing education credits.
• Ability to interpret insurance laws, regulations, requirements, and actuarial guidelines.

Additional job details

This position may be eligible for hybrid telecommuting. Employees must have a secure, dedicated workspace with Internet service, ability to maintain a reliable consistent work schedule, and be available for weekly meetings and group collaboration via Microsoft Teams and other applications during regular business hours. You must submit a writing sample with your application.

RESUME REQUIRED WITH SUBMISSION OF APPLICATION Preferences for this position include

• Actuarial work experience relating to reserving, solvency regulation, and/or auditing for life, annuity, and/or health insurance products.

This position requires demonstrated knowledge of

• Basic actuarial formulas, methods, procedures,…