Actuary - and Health; Exempt

The Department of Commerce, Community and Economic Development, Division of Insurance is recruiting for a Life and Health Actuary

Under the general direction of the Director, this position will serve as The Life and Health Actuary in our Juneau office. This position will provide technical actuarial support for issues involving life and health insurance, including the review of premium rates for use in Alaska, and financial analyses of insurer solvency and reserve adequacy.

• Review rates, forms, and rules for all 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.
• Collect statistics; work with other state agencies and research organizations to develop studies in areas such as medical, product, and insured population trends in Alaska.
• 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.
• Analyze issuer major medical rate filings and determine outcome.
• Formulate and interpret statistical data.
• Evaluate insurance issuer operations
• Provide technical support for 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.
• Take lead role in formulating, drafting, implementing, and monitoring legislation and regulation on life, health, and other insurance-related issues.
• Attend continuing education seminars; participate in webinars and conference calls to keep informed of state and national trends, statutes, and regulations, including the Affordable Care Act.
• Participate on National Association of Insurance Commissioners (NAIC) committees and task forces.
• Develop model 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…