ACTUARIAL ANALYST - 43000657

State of Florida•TALLAHASSEE, FL

5d•$53,000•Onsite

About The Position

The Florida Office of Insurance Regulation is hiring an Actuarial Analyst in its Bureau of Property & Casualty Product Review in Tallahassee, Florida. The role supports a supervising actuary through analysis of property and casualty insurance rate filings and preparation of related recommendations. The analyst evaluates whether rates comply with statutory requirements and are not excessive, inadequate, or unfairly discriminatory. The position also involves researching and preparing data for actuarial analysis, producing summaries and reports, analyzing information used in financial examinations, and assisting with correspondence and response monitoring. The analyst designs, collects, analyzes, and reviews statutorily required reporting forms, communicates with external sources about compliance, and maintains manuals, databases, and logs for assigned rate filings. This is a non-remote, on-site position. Qualified applicants must take a work sample.

Requirements

Knowledge of insurance, probability, and statistics.
Knowledge of ratemaking principles.
Ability to use Excel, Microsoft Word, or a comparable word-processing application.
Ability to communicate effectively verbally and in writing.
Ability to organize, document, and present data in a logical format.
Ability to write reports.
Ability to maintain effective working relationships with others.
Skill in using a personal computer and Windows, and navigating the Internet.
Qualified applicants are required to take a work sample.

Responsibilities

Assist the supervising actuary in preparing recommendations based on actuarial analysis of rate and rate-related findings.
Perform actuarial calculations of property and casualty rate filings to assess whether rates are excessive, inadequate, unfairly discriminatory, and compliant with statutory requirements.
Review property and casualty insurance rate filings for compliance with state insurance laws.
Research, prepare, and submit data supporting actuarial recommendations.
Prepare data summaries, extracts, and analyses 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 formulas and analytical procedures to analyze rate filings.
Maintain manuals, databases, and logs related to assigned rate filings, and recommend changes to improve data reliability or availability.
Perform other related duties as assigned by the supervising actuary, Division Director, designee, or upper management.