Actuary – Property & Casualty (Eligible for Trainee Program)
About The Position
Positions in this class assemble and analyze data to estimate the probability and likely cost of the occurrence of an event such as liability, loss of property, or loss of use of property. Positions are responsible for providing consultation and professional recommendations to various divisions within the agency or department. The range of duties includes, but is not limited to reviewing data/information and making recommendations concerning rate, rule and policy form filings; reviewing Statements of Actuarial Opinion and advising of any deficiencies; participating in rate hearings including expert witness testimony as required; conducting surveys or data calls of insurers; providing consultation and recommendations concerning proposed legislation, new insurers, and consumer-related issues. Positions may perform additional duties as assigned by supervisor.
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.
- Bachelor's degree in actuarial science, mathematics, statistics, business, or a closely related field from an appropriately accredited institution, and two years of professional actuarial experience.
- Associate status in the Casualty Actuarial Society (CAS) is expected (but not required) within two years.
Nice To Haves
- Considerable level of professional knowledge in Property & Casualty and keeps up with current developments and trends.
- Actively pursuing or have obtained credentials with the Casualty Actuarial Society (CAS) and the American Academy of Actuaries (AAA).
- Must have passed at least 4 CAS exams.
- Considerable knowledge of North Carolina laws and regulations as they relate to actuarial practice.
- Considerable knowledge of agency policies and practices in regard to issues arising in rate revision negotiations or rate hearings.
- Ability to effectively communicate complex information verbally and in writing; keeps coworkers and managers informed of project progress.
Responsibilities
- Reviewing data/information and making recommendations concerning rate, rule and policy form filings
- Reviewing Statements of Actuarial Opinion and advising of any deficiencies
- Participating in rate hearings including expert witness testimony as required
- Conducting surveys or data calls of insurers
- Providing consultation and recommendations concerning proposed legislation, new insurers, and consumer-related issues
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
- NC State Retirement (TSERS)
- WeSave Employee Discounts
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
