Actuarial Analyst - P&C focus
About The Position
The North Carolina Department of Insurance (NCDOI) is seeking an Actuarial Analyst with a Property & Casualty (P&C) focus. This position is part of the Actuarial Services Division and will provide technical support to the Chief Actuary and the Company Services Group. The role involves completing actuarial reviews of rate bureau filings, assisting with special studies on issues affecting the P&C insurance market, and performing special technical projects under the guidance of the Chief Actuary. These studies may include data calls and reserve reviews for traditional insurance companies and risk retention groups. The analyst will help in assembling and analyzing data to estimate the probability and cost of insurable events and support agency actuaries in providing consultation and recommendations to various divisions. Duties include reviewing rate, rule, and policy form filings, Statements of Actuarial Opinion, analyzing data for rate hearings, and assisting with insurer surveys or data calls. Work is reviewed by a supervisor for content and technical accuracy. This position offers a hybrid telework option with routine office presence and up to one remote workday per week after an orientation period, subject to management discretion.
Requirements
- Bachelor's degree in actuarial science, mathematics, business, or closely related field from an appropriately accredited institution.
- Basic knowledge of North Carolina laws and regulations as they relate to actuarial practice.
- Ability to prepare written reports that are clear, concise, appropriate for intended audience and well documented.
- Basic project management skills to work as a team to develop new processes and procedures based upon changes in laws and regulations or industry practice.
Nice To Haves
- Candidates are expected to pursue membership in either the Casualty Actuarial Society (CAS).
Responsibilities
- Completes the actuarial reviews of the rate bureau filings.
- Assists with devising and conducting special studies on important issues affecting the P&C insurance.
- Performs special technical projects under the guidance of the Chief Actuary.
- Conducts data calls and reserve reviews for both traditional insurance companies and risk retention groups.
- Assists in assembling and analyzing data to estimate the probability and likely cost of the occurrence of certain insurable events.
- Supports agency actuaries in providing consultation and professional recommendations to various divisions within an agency or department.
- Reviews data/information concerning rate, rule and policy form filings.
- Reviews Statements of Actuarial Opinion.
- Analyzes data for rate hearings.
- Assists with surveys or data calls of insurers.
Benefits
- Hybrid telework option with routine office and up to one remote workday per week after an orientation period.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
