Insurance Actuarial Analyst 5
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Job Location:
Columbus, NE - USA
Monthly Salary:
Not Disclosed
Posted on:
21 hours ago
Vacancies:
1 Vacancy
Department:
Job Summary
OPRAS is seeking an Insurance Actuarial Analyst 5 position.This position requires strong analytical skills and communication the ability to train lower-level actuarial analysts and the capability to work on multiple projects at the same ideal candidate will be knowledgeable in Property and Casualty Insurance products and related Ohio and Federal insurance laws.
If this sounds interesting to you continue reading below to learn more about the opportunity with our Department!
What Youll Do:
Your Key Responsibilities include but are not limited to the following:
- Analyzing complex Property and Casualty Insurance rate filings for reasonableness of rate structure and determine if rates are adequate not excessive nor unfairly discriminatory according to sound actuarial principles while ensuring compliance of rates with applicable state and federal laws and policies.
- Notifying insurance companies of compliance issues with their rates providing necessary information to the filers and approving rates for use in Ohio.
- Reviewing reserves and assisting the Risk Assessment area in the financial exam process.
- Creating and maintaining compliance review tools and providing analysis of data.
- Provide direction training and peer reviews of work completed by lower-level insurance actuarial analysts.
The State of Ohio is a drug-free workplace which prohibits the use of marijuana (recreational marijuana/non-medical cannabis). Please note this position may be subject to additional restrictions pursuant to the State of Ohio Drug-Free Workplace Policy (HR-39) and as outlined in the posting.
Application Procedures:
When completing the different sections of this application be sure to clearly describe how you meet the minimum qualifications outlined in this job posting. We cannot give you credit for your Work Experience and Education & Certifications if you do not provide that information in your online application. Information in attached resumes or cover letters must be entered into your application in the appropriate Work Experience or Education & Certification sections to be considered.
Status of Posted Positions:
You can check the status of your application online by signing into your profile. Jobs you applied for will be listed. The application status is shown to the right of the position title and application submission details. Questions about the position not pertaining to your application status can be directed to: Kim Lowry @ .
Reasonable Accommodation:
ODI does not discriminate on the basis of disability in its hiring or employment practices and complies with the ADA employment regulations. Applicants with questions about access or requiring a reasonable accommodation for any part of the application or hiring process should contact the agency Human Resource Offices ADA Coordinator Andrew Skal by emailing or calling . Otherwise you will be given specific instructions on requesting an accommodation if you are invited to participate in a structured interview.
Background Check Information:
Completion of undergraduate core program in mathematics; designation as Associate in Casualty Actuarial Society (i.e. ACAS) for positions in Property & Casualty Division or designation as Associate in Society of Actuaries (i.e. ASA) for positions in Managed Care Division or Life & Health Division or designation as Associate in Casualty Actuarial Society (i.e. ACAS) or as Associate in Society of Actuaries (i.e. ASA) for positions in Financial Regulation Division; designation as member of American Academy of Actuaries (i.e. MAAA); 6 yrs. actuarial field pertinent to assigned division (i.e. for positions in Managed Care Division exp. must be in managed care field; for positions in Property & Casualty Division exp. must be in property & casualty field; for positions in Life & Health Division exp. must be in life & health field; for positions in Financial Regulation Division experience may be of any type); 24 mos. operation of personal computer.
Job Skills: Insurance
Technical Skills: Insurance Statistics/Mathematics Regulatory Compliance
Professional Skills: Analyzation Critical Thinking Decision Making
About Us:
The Ohio Department of Insurance (ODI) was established in 1872 as an agency charged with overseeing insurance regulations enforcing statutes mandating consumer protections educating consumers and fostering the stability of insurance markets in Ohio. Today the mission of the Ohio Department of Insurance is to provide consumer protection through education and fair but vigilant regulation while promoting a stable and competitive environment for insurers. Please visit our websiteDepartment of Insuranceand also find us onLinkedIn.
OPRAS Mission Statement:
The mission of the Office of Product Regulation and Actuarial Services (OPRAS) is to provide consumer protection and assure compliance with all applicable insurance laws and regulations through the review of insurance product policy forms and verification that premium rates are actuarially sound.
Ohio is a Disability Inclusion State and strives to be a model employer of individuals with disabilities. The State of Ohio is committed to providing access and inclusion and reasonable accommodation in its services activities programs and employment opportunities in accordance with the Americans with Disabilities Act (ADA) and other applicable laws.
Required Experience:
IC
Key Skills
- SQL
- Python
- Compliance
- Access
- Actuarial Models
- Acturial support
- Data Collection
- Powerpiont
- SAP
- Tableau
- Excel
- Mathematics
- VBA
- Data Analysis
- Statistical Analysis
About Company
Ohio.gov is the official website for the State of Ohio. Find the government information and services you need to live, work, travel, and do business in the state.
