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ACTUARIAL ANALYST - 43000987

Date: Jan 6, 2022

Location: TALLAHASSEE, FL, US, 32399

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Requisition No: 540286 

Agency: Financial Services

Working Title: ACTUARIAL ANALYST - 43000987

Position Number: 43000987 

Salary:  $32,696.88 

Posting Closing Date: 01/19/2022 

*****OPEN COMPETITIVE EMPLOYMENT OPPORTUNITY*****

DIVISION: OFFICE OF INSURANCE REGULATION

BUREAU: PROPERTY AND CASUALTY PRODUCT REVIEW

CITY: TALLAHASSEE

COUNTY: LEON

SPECIAL NOTES:

Applicants are required to have a Bachelor’s degree from an accredited college or university with a major course of study in Actuarial Science; OR Bachelor’s degree from an accredited college or university with a major course of study in Mathematics, Statistics, Insurance/Risk Management, or Finance and completion of at least one (1) exam of the Society of Actuaries/Casualty Actuarial Society exam syllabus; OR  Bachelor’s degree from an accredited college or university with a major course of study in Mathematics, Statistics, Insurance/Risk Management, or Finance and two (2) years professional experience in compiling and analyzing actuarial or statistical data; OR Master’s degree with a major course of study in Mathematics, Statistics, Insurance/Risk Management, or Finance and one (1) year of experience as described above.

Preference will be given to applicants with a bachelor's degree from an accredited college or university with a major in mathematics or statistics or actuarial science and/or those applicants who have passed courses in calculus, probability and statistics.

Additional requirements:

  • Knowledge of actuarial procedures, principles and techniques through coursework, actuarial exams or professional experience.
  • Proficient in Microsoft Excel and Word or comparable computer applications

Additional preferences will be given to applicants with the following: 

  • Experience organizing and analyzing actuarial or statistical data and producing a written report of your results.
  • Credit for any of the exams required by the Society of Actuaries or the Causality Actuarial Society.
  • Experience regulating the performance of privately held entities to conform to statutes or rules.

Qualified applicants will be required to take a work sample.

This position will be filled at the minimum annual salary of $32,696.88

This position requires a security background check, including fingerprinting, as a condition of employment.

Employees of the Department of Financial Services are paid based on a monthly pay cycle.

Responses to qualifying questions must be clearly supported by the state application and any omission, falsification or misrepresentation in the answering of the qualifying questions will be cause for immediate elimination from the selection process.

Minimum Qualifications for this position include the following REQUIRED ENTRY LEVEL KNOWLEDGE, SKILLS AND ABILITIES:

  • Knowledge of insurance, probability and statistics.
  • Knowledge of ratemaking principles
  • Ability to use Excel, Microsoft WORD or comparable word processing application (version in use as Department standard)
  • Ability to communicate effectively both verbally and in writing
  • Ability to organize, document and present data in a logical format
  • Ability to write reports
  • Ability to maintain effective working relationships with others
  • Skill in use of personal computer/Windows and Internet navigation

BRIEF DESCRIPTION OF DUTIES AND RESPONSIBILITIES:

  • Assist supervising actuary in the preparation of recommendations based on actuarial analysis of rate and rate-related filings.
  • Perform actuarial calculations of property and casualty rate filings to determine whether or not rates are excessive, inadequate or unfairly discriminatory and in compliance with statutory requirements.
  • Review property and casualty insurance rate filings to determine compliance with state insurance laws that rates not be excessive, inadequate or unfairly discriminatory.
  • Research, prepare and submit data to support recommendations relative to actuarial analysis.
  • Prepare data summaries, extracts, and analysis for reports generated by the Actuary, including written documentation as requested.
  • Summarize, reconcile, and analyze data used in financial examinations of companies. Assist in preparing correspondence and monitoring responses.
  • Design, collect, analyze and review statutorily required reporting forms.  Correspond with external sources to ensure compliance with legislation as interpreted by the Department.  Use standard statistical formulae and analytical procedures for use in analyzing rate filings.
  • Maintain all manuals, databases, and logs related to assigned rate filings.  Recommend changes needed to improve reliability and/or availability of data.
  • Perform other related duties as assigned by supervising actuary, the Division Director, his/her designee, or upper management.

If you are a retiree of the Florida Retirement System (FRS), please check with the FRS on how your current benefits will be affected if you are re-employed with the State of Florida. Your current retirement benefits may be canceled, suspended or deemed ineligible depending upon the date of your retirement. 

 

 

The State of Florida is an Equal Opportunity Employer/Affirmative Action Employer, and does not tolerate discrimination or violence in the workplace.

Candidates requiring a reasonable accommodation, as defined by the Americans with Disabilities Act, must notify the agency hiring authority and/or People First Service Center (1-866-663-4735). Notification to the hiring authority must be made in advance to allow sufficient time to provide the accommodation.

The State of Florida supports a Drug-Free workplace. All employees are subject to reasonable suspicion drug testing in accordance with Section 112.0455, F.S., Drug-Free Workplace Act.

VETERANS’ PREFERENCE.  Pursuant to Chapter 295, Florida Statutes, candidates eligible for Veterans’ Preference will receive preference in employment for Career Service vacancies and are encouraged to apply.  Certain service members may be eligible to receive waivers for postsecondary educational requirements.  Candidates claiming Veterans’ Preference must attach supporting documentation with each submission that includes character of service (for example, DD Form 214 Member Copy #4) along with any other documentation as required by Rule 55A-7, Florida Administrative Code.  Veterans’ Preference documentation requirements are available by clicking here.  All documentation is due by the close of the vacancy announcement. 


Nearest Major Market: Tallahassee