Associate Actuary

Work for Indiana

Begin a fulfilling career with the State of Indiana by joining one of the largest employers in the state, offering a range of opportunities across 60+ agencies. At the state, you'll find competitive compensation, a robust benefits package and a commitment to work-life balance. Most importantly, you'll have the chance to make a real and measurable impact on the lives of Hoosiers across Indiana.

Work for Indiana

Begin a fulfilling career with the State of Indiana by joining one of the largest employers in the state, offering a range of opportunities across 60+ agencies. At the state, you'll find competitive compensation, a robust benefits package and a commitment to work-life balance. Most importantly, you'll have the chance to make a real and measurable impact on the lives of Hoosiers across Indiana.

About The Indiana Department Of Insurance (IDOI)

The purpose of the Indiana Department of Insurance is to protect Hoosiers as they purchase and use insurance products to keep their assets and their families from loss or harm. Consumers may need assistance with certain claim situations or just help in understanding how their policies work. Our other primary obligation is to monitor the financial solvency of the insurance companies domiciled in Indiana so that the legal promises made in insurance policies are honored.

To these ends, our Department staff is committed to providing exceptional customer service for both our consumers and our companies, and to maintain a fair and objective viewpoint as we examine each issue and circumstance within our jurisdiction.



Role Overview

• Review and analyze accident and health rate filings and rating plans submitted to the Indiana Department of Insurance (IDOI).
• Make recommendations regarding the premium rates proposed by licensed entities.
• Review rating methodologies and actuarial calculations for compliance with Indiana law, commonly accepted actuarial principles, and fair insurance rating methodology.
• Contribute to the development of filing standards, thresholds, and procedures.
• Provide opinions and recommendations concerning any filed methodology that results in inadequate, excessive, or unfairly discriminatory insurance premiums.
• Evaluate reasonableness of carrier data and actuarial methods.
• Perform actuarial review and analysis of annual actuarial reports and memorandums.
• Develop and implement policies, procedures, technical interpretations, and regulations to implement and enforce statutes as they relate to actuarial concerns.
• Perform special actuarial and statistical studies and projects as assigned.
• Assist in the review of rating methodologies for compliance with Indiana law.
• For ACA submissions, perform reviews using IDOI review tools and federal Plan Management tools.
• Communicate results to carriers and IDOI management.
• Update and review all instructions to carriers that are part of the IDOI website.
• Support maintenance and improvement of the rate filing database.
• Negotiate with carriers to adjust rates requested if necessary.
• Update and review all instructions to carriers that are part of the IDOI website.
• Monitor the Centers for Medicare and Medicaid Services and the National Association Insurance Commissioners subgroup, working group, and task force calls.

• Reviews and analyzes rate filings and rating plans;
• Performs actuarial review and analysis of annual actuarial reports and memorandums;
• Develops and implements policies, procedures, technical interpretations, and regulations to implement and enforce statutes as they relate to actuarial concerns;
• Performs special actuarial and statistical studies and projects as assigned;
• Assists in the review of rating methodologies for compliance with Indiana law;
• For ACA submissions, performs reviews using IDOI review tools and federal Plan Management tools;
• Communicates results to carriers and IDOI management;
• Negotiates with carriers to adjust rates…