Actuarial Analyst (WC Underwriter) - PN: 20067653 - copy

State of Ohio • Columbus, OH

5d • $29 - $38 • Onsite

About The Position

The Actuarial Analyst works in the Workers' Compensation organization at the Ohio Bureau of Workers' Compensation (BWC). The role develops and maintains statewide base rates across multiple insurance funds, using mathematical, statistical, and actuarial concepts to prepare and analyze data. It performs statistical and data analyses to support agency initiatives, rating plans, legislative evaluations, and cost-benefit studies.

The position maintains and enhances actuarial and rating system infrastructure, including base-rate calculation systems, classification updates, and IT system validation and change-control processes. It also reviews processes for improvement by analyzing data inputs and workbook setups and using available software tools. The analyst provides actuarial expertise and cross-functional support for special projects, mentoring, data-integrity reviews, policy and rating consultations, and inquiries from employers, legislators, and other stakeholders.

The position is permanent, full-time, and classified. It is based at 30 West Spring Street in Columbus, Ohio. BWC's core operating hours are Monday through Friday, 8:00 a.m. to 5:00 p.m.; the listed work hours are 8:00 a.m. to 4:00 p.m. Flex-time schedules may be available subject to operational need and supervisor approval. Most positions work on-site at one of BWC's seven offices. Travel may be required, and the employee must be able to provide their own transportation and/or legally operate a state-owned vehicle.

Requirements

• Two years of training or experience as an underwriter for an insurance organization or an agency comparable to the Ohio Bureau of Workers' Compensation; or completion of undergraduate core coursework in business, insurance and risk management, accounting, mathematical sciences, or a related field; or an equivalent of the stated minimum class qualifications.
• Knowledge of workers' compensation laws, policies, and procedures regarding risk and claims administration.
• Knowledge of insurance concepts, including coverage types, loss exposures, premium calculations, and collections.
• Knowledge of risk distribution and classification, risk-management concepts and techniques, National Council of Compensation Insurers manual classifications, and loss-control methods such as DFSP, Group Rating, and Retrospective Rating.
• Knowledge of agency, division, and department policies and standard operating procedures; basic mathematical, statistical, and actuarial terminology and concepts; and statutes, rules, regulations, policies, and procedures governing actuarial activities.
• Skill using a personal computer and applicable business software, including Microsoft Word, intermediate-level Excel and Tableau, basic database-querying tools, and BWC-specific programs, applications, and database structures.
• Ability to define problems, collect data, establish facts, track projects, manage time, and draw valid conclusions.
• Ability to prepare meaningful, concise, and accurate technical reports.
• Ability to communicate technical ideas and information effectively, verbally and in writing, to intended audiences and internal and external customers.
• Ability to establish and maintain effective working relationships.
• Must be able to provide own transportation and/or legally operate a state-owned vehicle if required to travel.

Responsibilities

• Develop and maintain statewide base rates across multiple insurance funds using mathematical, statistical, and actuarial concepts.
• Prepare and analyze data for actuarial and rating work.
• Perform statistical and data analyses using tools such as Data Warehouse, SAS, Tableau, Excel, and internal systems to support agency initiatives, rating plans, legislative evaluations, and cost-benefit studies.
• Maintain and enhance actuarial and rating system infrastructure, including base-rate calculation systems, classification updates, and IT system validation and change-control processes.
• Review processes for improvement by analyzing data inputs and workbook setup and making use of available software tools.
• Provide actuarial expertise and cross-functional support for special projects, mentoring, data-integrity reviews, and policy and rating consultations.
• Respond to inquiries from employers, legislators, and stakeholders.
• Track projects, manage time, collect data, draw conclusions, and prepare technical reports and communicate technical information to internal and external customers.

Benefits

• Medical coverage.
• Free dental, vision, and basic life insurance premiums after completion of the eligibility period.
• Paid vacation, personal, and sick leave, and 11 paid holidays per year.
• Childbirth, adoption, and foster care leave.
• Education and development opportunities, including employee development funds and Public Service Loan Forgiveness.
• Public retirement systems, including OPERS, STRS, SERS, and HPRS, and optional deferred compensation through Ohio Deferred Compensation.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level