Actuarial Analyst Jobs

About The Position

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 equivalent qualifications.
• Knowledge of workers’ compensation laws, policies, and procedures concerning risk and claims administration.
• Knowledge of insurance concepts, including types of coverage, 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.
• Knowledge of agency, division, and department policies and standard operating procedures, actuarial terminology and concepts, and laws, rules, regulations, policies, and procedures governing actuarial activities.
• Skill with personal computers and business software, including Microsoft Word, intermediate-level Excel and Tableau, basic database querying tools, and BWC 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 clearly and present technical information effectively, verbally and in writing, to internal and external customers.
• Ability to establish and maintain effective working relationships.

Responsibilities

• Develop and maintain statewide base rates across multiple insurance funds.
• Prepare and analyze data using mathematical, statistical, and actuarial concepts.
• 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 data inputs and workbook setup to identify process improvements and make use of available software tools.
• Provide actuarial expertise and cross-functional support for special projects, mentoring, data integrity reviews, policy and rating consultations, and inquiries from employers, legislators, and stakeholders.

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
• Optional deferred compensation