ACTUARY - 43002095

Requisition No: 18914 

Agency: Financial Services

Working Title: ACTUARY - 43002095

Position Number: 43002095 

Salary:  $90,000.00 - $120,000.00 

Posting Closing Date: 10/25/2017 

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

DIVISION: OFFICE OF INSURANCE REGULATION

BUREAU: LIFE & HEALTH FORMS & RATES

CITY: TALLAHASSEE

COUNTY: LEON

SPECIAL NOTES:

A bachelor’s degree or higher from an accredited college or university with a major in mathematics, statistics, insurance or related field is required.

Additional requirements:

• ASA or FSA designation.
• Three (3) or more years’ professional actuarial experience.
• Three (3) or more years’ responsible experience in insurance company health pricing or regulatory review and compliance.

Applicants must possess the ability to:

• Plan, organize and coordinate work activities.
• Communicate effectively verbally and in writing.
• Establish and maintain effective working relationships with others.

Must have proficiency in Excel

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.

BRIEF DESCRIPTION OF DUTIES AND RESPONSIBILITIES:

Supervises the regulation of life and health companies’ rates including self-insurance programs or trusts and health maintenance organizations. Reviews reports, performs analysis, and makes decisions about the pricing adequacy of products. Assists in resolving issues with companies whose practices and policies are not consistent with legal requirements and rate adequacy. Represents the Office in conferences and attends meetings with company officials, actuaries, attorneys, and consultants to resolve policy issues, or specific rate filing issues with industry. This includes the supervision of actuarial resources including the hiring, firing, and performance monitoring of employees in this unit.

Takes action on the disposition of the majority of filings, and enforces compliance with applicable laws and rules based on findings and the examination of documentation and data; for filings determined by the Director to be forwarded to senior management --- makes recommendations for filing disposition, and ensures the proper presentation of materials to enable senior management to make decisions.

Proposes legislative changes, serves as consultant on cost of legislative changes, reviews proposed legislation, and develops revisions of statutes and rules – this may include representing the Office in person before Legislative Staff and Legislative Committees. Examines state and federal laws as they pertain to the regulation of regulated entities.

Participates in determining that the best methods of analysis are utilized in determining impact of proposed policies, rating and pricing practices.

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.