Actuary Health

Agency

Dept of Insurance

Administration

Actuary - Life & Health (NS)

NC25

The mission of the North Carolina Department of Insurance is to promote a stable insurance market through unbiased regulation and to protect the lives and property of every citizen in all 100 counties while fostering superior, user‑friendly service, courtesy, and respect. The department licenses insurance agents, adjusters, bail bondsmen and more, investigates fraud matters involving insurance consumers, and enforces regulations that safeguard the public.

Recruitment Range: $86,258 - $150,000

Salary Grade: NC25

This position currently qualifies for a hybrid telework option with routine office and remote workdays. Telework options are subject to change at the discretion of management.

Provides technical life and health actuarial support to the Life & Health Division and the Financial Evaluation Division. Secondary actuarial support is provided to the Life & Health Division, Consumer Services Division, Field Audit Division, and Legal Division under the limited supervision of the Chief Actuary.

The incumbent will assemble and analyze data to estimate the probability and likely cost of events such as death, sickness, injury, or disability. They will provide consultation and professional recommendations to various divisions within the agency or department. Responsibilities include, but are not limited to, reviewing data/information and making recommendations concerning rate, rule and policy form filings; reviewing Statements of Actuarial Opinion and advising of deficiencies;

participating in rate hearings, including expert witness testimony as required; conducting surveys or data calls of insurers; and providing consultation concerning proposed legislation, new insurers, and consumer‑related issues. The role supports rate setting, financial budgeting, forecasting, clinical policy design, reimbursement standards, and the effects of proposed practices and standards on healthcare costs.

• Considerable professional knowledge in Life and Health actuarial practice and current developments and trends.
• Maintenance of professional credentials through continuing education with the American Academy of Actuaries and the Society of Actuaries.
• Extensive knowledge of North Carolina laws and regulations as they relate to actuarial practice.
• Ability to prepare written reports that are clear, concise, appropriate for the intended audience, and well documented.
• Possession of ASA or FSA qualification.

Bachelor's degree in actuarial science, statistics, mathematics, business, or a closely related field from an appropriately accredited institution and a minimum of four years of professional actuarial experience, including Associate status in the Society of Actuaries (SOA). Equivalent combinations of education and experience are also accepted.

• 12 Annual paid Holidays
• North Carolina State Health Plan administered by AETNA
• Supplemental Benefits:
  Flexible Spending Accounts, Accident Insurance, Cancer & Specified Disease, Critical Illness, Dental and Vision
• NC State Retirement (TSERS)
• WeSave Employee Discounts

• Reasonable accommodations for employees and applicants with disabilities, pregnancy, childbirth, or related medical conditions.
• Religious accommodations and leave benefits.

The State of North Carolina is an Equal Employment Opportunity Employer and is dedicated to providing a work environment free from all forms of unlawful employment discrimination, harassment, or retaliation. The state provides reasonable accommodation to employees and applicants with disabilities, known limitations related to pregnancy, childbirth, or related medical conditions, and for religious beliefs, observances, and practices.