ACTUARY

Job Summary

This position is in the Department of Insurance Securities and Banking, Insurance Bureau (DISB), Actuarial Division. The mission of the Department of Insurance, Securities, and Banking (DISB) is three-fold: cultivate a regulatory environment that protects consumers and attracts and retains financial services firms to the District; empower and educate residents on financial matters; and. provide financing for District small businesses.

Applies actuarial, accounting, and statistical principles to assess property and casualty and/or health insurance rates, informing decisions on claim severity and frequency projections. Analyzes loss ratios, development factors, expense allowances, and considers investment income to inform strategic decision-making in insurance pricing and risk management.

Develops methods of statistical reporting by insurance companies and rating bureaus for purposes of enhancing the rate review and measuring the profitability of various kinds of financial products. Coordinates support for fellow Bureau staff to understand and explain the impact of rate filings.

A bachelor's degree that included courses in actuarial science, mathematics, relevant statistics, business, finance, economics, insurance, or computer science totaling at least 24 semester hours. This coursework must have included a minimum of 12 semester hours of mathematics that included differential and integral calculus and one or more courses in mathematics for which these calculus courses were prerequisites.

Specialized Experience is experience that equipped the applicant with the particular knowledge, skills, and abilities to perform successfully the duties of the position, and that is typically in or related to the work of the position to be filled. To be creditable, one (1) year of actuarial specialized experience must have been equivalent to at least the next lower grade level in the normal line of progression.

None

The work is performed in a typical office setting.

Tour of Duty: Monday – Friday; 8:15 a.m. – 4:45 p.m.

Pay Plan, Series and Grade: CS-1510-13

Promotion Potential: No known promotion potential.

Duration of Appointment: Career Service Permanent.

Collective Bargaining Unit: This position is in a collective bargaining unit (AFSCME 2743), and you may be required to pay an agency service fee through direct payroll deduction.

Position Designation: The incumbent of this position will be subject to enhanced suitability screening pursuant to Chapter 4 of DC Personnel Regulations, Suitability – Security Sensitive.

EEO Statement: The District of Columbia Government is an Equal Opportunity Employer. All qualified candidates will receive consideration without regard to race, color, religion, national origin, sex, age, marital status, personal appearance, sexual orientation, family responsibilities, matriculation, physical handicap, or political affiliation.