Columbus - WC Actuarial Assistant 1 -PN:: 20067644

State of Ohio • Columbus, OH

22h • $31 - $46 • Onsite

About The Position

The Actuarial Assistant 1 works in the Ohio Bureau of Workers' Compensation's Workers' Compensation organization. The role prepares and verifies data for reserving analyses and special studies, uses data to develop preliminary estimates of ultimate costs and unpaid liabilities, and supports projections of unpaid losses. It also conducts special data collections and studies concerning the potential effects of statutory changes on rates or future liabilities. The employee reviews calculations for significant changes or differences, conducts preliminary research into outliers, and shares results with internal and external stakeholders. The role produces summary materials and reports using Microsoft Excel, Access, PowerPoint, and Word.

The position is permanent and full time, with stated work hours of 8:00 a.m. to 4:00 p.m. BWC's core operating hours are Monday through Friday, 8:00 a.m. to 5:00 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 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

• Meet one of the stated qualification pathways: two years of relevant actuarial experience or analytically focused experience in the insurance industry, such as predictive modeling, predictive analytics, or data science, and one actuarial exam recognized by CAS or SOA; completion of an undergraduate core program in a quantitative field of study and one CAS- or SOA-recognized actuarial exam; or the equivalent of the stated minimum class qualifications.
• 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 in using a personal computer and applicable business software, including Microsoft Word, intermediate-level Excel, basic database querying tools, and BWC-specific programs, applications, and database structures.
• Ability to define problems, collect data, establish facts, and draw valid conclusions.
• Ability to prepare meaningful, concise, and accurate technical reports.
• Ability to communicate technical ideas verbally so the intended audience understands.
• Ability to establish and maintain effective working relationships.
• If educational achievements are to be considered during screening, attach at least an unofficial transcript detailing completed coursework.
• Be able to provide own transportation and/or legally operate a state-owned vehicle if required to travel.

Responsibilities

• Prepare and verify the reasonableness of data used in reserving analyses or special studies.
• Use collected data to prepare preliminary estimates of ultimate costs and unpaid liabilities.
• Analyze data and support the projection of unpaid losses.
• Conduct special data collections and studies regarding the potential effects of statutory changes on rates or future liabilities.
• Review calculation results to identify significant changes or differences and conduct preliminary research into underlying causes of outliers.
• Share results with internal and/or external stakeholders.
• Produce summary materials and reports for internal and external customers using Microsoft Excel, Access, PowerPoint, and Word.

Benefits

• Medical coverage.
• Free dental, vision, and basic life insurance premiums after completion of the eligibility period.
• Paid time off, including vacation, personal, and sick leave, plus 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 Ohio Deferred Compensation.

What This Job Offers

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