ACTUARIAL ANALYST - 43001226

State of Florida•TALLAHASSEE, FL

4d•$53,000•Onsite

About The Position

The Florida Office of Insurance Regulation (OIR) strives to promote a stable and competitive insurance market for consumers. With a workforce of approximately 250 staff members, OIR regulates one of the largest, most complex insurance markets in the world. OIR offers a range of challenging and rewarding opportunities for individuals looking to grow in their careers, as well as a wide variety of top insurance–related courses and professional certifications to ensure that its staff have the industry knowledge needed to succeed. OIR employees also have access to the State of Florida’s tuition waiver program, which offers educational assistance to full-time, salaried employees. As a State Agency, OIR offers excellent benefits, including health, dental, and vision insurance; retirement plans; flexible spending accounts; health savings accounts; and more. OIR also offers annual and sick leave, a generous holiday schedule, and flexible work schedules. Click the links below to see the many benefits and retirement options you have as a State of Florida employee: https://www.mybenefits.myflorida.com/ https://www.myfrs.com/ContactUs.htm

Requirements

K of insurance, probability and statistics.
K of ratemaking principles
A to use Excel, Microsoft WORD or comparable word processing application (version in use as Department standard)
A to communicate effectively both verbally and in writing
A to organize, document and present data in a logical format
A to write reports
A to maintain effective working relationships with others
S in use of personal computer/Windows and Internet navigation

Responsibilities

Assist supervising actuary in the preparation of recommendations based on actuarial analysis of rate and rate-related filings.
Perform actuarial calculations of property and casualty rate filing to determine whether or not rates are excessive, inadequate or unfairly discriminatory and in compliance with statutory requirements.
Review property and casualty insurance rate filings to determine compliance with state insurance laws that rates not be excessive, inadequate or unfairly discriminatory.
Research, prepare and submit data to support recommendations relative to actuarial analysis.
Prepare data summaries, extracts, and analysis for reports generated by the Actuary, including written documentation as requested.
Summarize, reconcile, and analyze data used in financial examinations of companies. Assist in preparing correspondence and monitoring responses.
Design, collect, analyze and review statutorily required reporting forms. Correspond with external sources to ensure compliance with legislation as interpreted by the Department. Use standard statistical formulae and analytical procedures for use in analyzing rate filings.
Maintain all manuals, databases, and logs related to assigned rate filings. Recommend changes needed to improve reliability and/or availability of data.
Perform other related duties as assigned by supervising actuary, the Division Director, his/her designee, or upper management.
Incumbent of position is a member of DFS' Disaster Response Team and, in that capacity, may be required on short notice to perform duties and necessary attendant travel in support of disaster relief efforts.