Actuarial Analyst: Rates & Data Insights

Florida; Tallahassee (FL); On-site; USD 48,000 - 58,000; Full time

Job summary

Florida Office of Insurance Regulation in Tallahassee, FL, seeks an Actuarial Analyst for on-site work in our Property & Casualty Product Review bureau. You will assist the supervising actuary with actuarial analysis, rate filing reviews, and data support for recommendations.

The role requires knowledge of insurance, statistics, and ratemaking, with proficiency in Excel/Word, data presentation, and effective communication. The position offers full benefits and a competitive annual salary.

Qualifications

• 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 logical format.
• Ability to write reports.
• Ability to maintain effective working relationships with others.
• Skill in use of personal computer/Windows and Internet navigation.

Responsibilities

• Assist supervising actuary in the preparation of recommendations based on actuarial analysis of rate and rate-related findings.
• 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 are not 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.

Skills

Insurance knowledge

Probability & statistics

Ratemaking principles

Excel & Word

Communication skills

Data organization

Report writing

Team collaboration

PC/Windows

Job description

Florida Office of Insurance Regulation in Tallahassee, FL, seeks an Actuarial Analyst for on-site work in our Property & Casualty Product Review bureau. You will assist the supervising actuary with actuarial analysis, rate filing reviews, and data support for recommendations.

The role requires knowledge of insurance, statistics, and ratemaking, with proficiency in Excel/Word, data presentation, and effective communication. The position offers full benefits and a competitive annual salary.