Actuary – Property & Casualty - Near ACAS/ACAS
About The Position
The North Carolina Department of Insurance is hiring a Property & Casualty actuary to assemble and analyze data to estimate the probability and likely cost of events such as liability, property loss, or loss of use of property. The position provides consultation and professional recommendations to agency and department divisions. It is open to ACAS and Near-ACAS candidates; Near-ACAS applicants with four exams and two years of professional actuarial experience may be eligible for the Actuarial Program. The position currently qualifies for a hybrid telework option involving routine office work and up to one remote workday per week. Telework arrangements may change at management's discretion. The salary recruitment range is $83,055–$120,000, with salary grade NC25. Near-ACAS or trainee pay may be lower than the listed range, with adjustments as the employee gains qualifications. The Department of Insurance’s mission is to promote a stable insurance market through unbiased regulation, protect North Carolina residents and property, and provide user-friendly service. Its work includes licensing insurance professionals and investigating insurance fraud.
Requirements
- Bachelor’s degree in actuarial science, mathematics, statistics, business, or a closely related field from an appropriately accredited institution, and four years of professional actuarial experience, and Associate status in the Casualty Actuarial Society (CAS), or an equivalent combination of education and experience.
- For the Actuarial Program: Bachelor’s degree in a listed or closely related field and two years of professional actuarial experience; CAS Associate status is expected, but not required, within two years.
- Actuarial Program candidates must have passed at least four CAS exams and have two years of professional actuarial experience.
- Management preference: considerable professional knowledge of Property & Casualty and awareness of current developments and trends.
- Management preference: actively pursuing or holding credentials with the Casualty Actuarial Society (CAS) and the American Academy of Actuaries (AAA); at least four CAS exams must have been passed.
- Management preference: considerable knowledge of North Carolina laws and regulations related to actuarial practice.
- Management preference: considerable knowledge of agency policies and practices concerning rate revision negotiations or rate hearings.
- Management preference: ability to communicate complex information effectively, verbally and in writing, and keep coworkers and managers informed about project progress.
Nice To Haves
- Considerable professional knowledge of Property & Casualty and awareness of current developments and trends.
- Actively pursuing or holding credentials with the Casualty Actuarial Society (CAS) and the American Academy of Actuaries (AAA); at least four CAS exams passed.
- Considerable knowledge of North Carolina laws and regulations related to actuarial practice.
- Considerable knowledge of agency policies and practices concerning rate revision negotiations or rate hearings.
- Ability to communicate complex information effectively, verbally and in writing, and keep coworkers and managers informed about project progress.
Responsibilities
- Review data and information and recommend action concerning rate, rule, and policy form filings.
- Review Statements of Actuarial Opinion and advise on deficiencies.
- Participate in rate hearings, including providing expert witness testimony as required.
- Conduct surveys or data calls of insurers.
- Provide consultation and recommendations concerning proposed legislation, new insurers, and consumer-related issues.
- Perform additional duties as assigned by the supervisor.
Benefits
- 12 annual paid holidays
- North Carolina State Health Plan administered by AETNA
- Supplemental benefits, including Flexible Spending Accounts, Accident Insurance, Cancer & Specified Disease, Critical Illness, Dental, and Vision
- North Carolina State Retirement (TSERS)
- WeSave employee discounts
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
