Insurance Actuarial Analyst

Job Title

Insurance Actuarial Analyst 5 (260001D0)

About Us:

The Ohio Department of Insurance (ODI) was established in 1872 as an agency charged with overseeing insurance regulations, enforcing statutes mandating consumer protections, educating consumers, and fostering the stability of insurance markets in Ohio. Today, the mission of the Ohio Department of Insurance is to provide consumer protection through education and fair but vigilant regulation while promoting a stable and competitive environment for insurers.

Please visit our website Department of Insurance and also find us on Linked In.

OPRAS Mission Statement:
The mission of the Office of Product Regulation and Actuarial Services (OPRAS) is to provide consumer protection and assure compliance with all applicable insurance laws and regulations through the review of insurance product policy forms and verification that premium rates are actuarially sound.

OPRAS is seeking an Insurance Actuarial Analyst 5 position. This position requires strong analytical skills and communication, the ability to train 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.

• Analyzing complex Property and Casualty Insurance rate filings for reasonableness of rate structure and determine 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.
• Reviewing reserves and assisting the Risk Assessment area in the financial exam process.
• Creating and maintaining compliance review tools and providing analysis of data.
• 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 (ACAS) for positions in Property & Casualty Division, or designation as Associate in Society of Actuaries (ASA) for positions in Managed Care Division or Life & Health Division, or designation as Associate in Casualty Actuarial Society (ACAS) or as Associate in Society of Actuaries (ASA) for positions in Financial Regulation Division;

designation as member of American Academy of Actuaries (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, experience may be of any type); 24 mos. exp. in operation of personal computer.

Job

Skills:

Insurance

Technical

Skills:

Insurance, Statistics/Mathematics, Regulatory Compliance

Professional

Skills:

Analyzation, Critical Thinking, Decision Making

When completing the different sections of this application, be sure to clearly describe how you meet the minimum qualifications outlined in this job posting. We cannot give you credit for your Work Experience and Education & Certifications if you do not provide that information in your online application. Information in attached resumes or cover letters must be entered into your application in the appropriate Work Experience or Education & Certification sections to be considered.

You can check the status of your application online by signing into your profile. Jobs you applied for will be listed. The application status is shown to the right of the position title and application submission details. Questions about the position not pertaining to your application status can be directed to:
Kim Lowry @ 614‑644‑2681. Applicants must be currently authorized to work in the United States on a full-time…