ACTUARY - 43000967

My Florida CFO; Tallahassee, Northern (FL, KY); Hybrid; USD 128,000 - 173,000; Full time

Benefits offered by this job

Remote work

Job summary

Florida Office of Insurance Regulation is seeking an experienced actuary to join the Disaster Response Team in a remote capacity. The role involves complex actuarial analyses of rate filings, supervision of staff, and consulting on legislative issues, with opportunities to influence regulatory rules and state insurance policy.

Ideal candidates have ACAS/FCAS or enrolled actuary status, strong regulatory acumen, and the ability to travel on a limited basis.

Qualifications

• Must be a member of the Casualty Actuarial Society or enrolled actuary.
• In good standing with CAS; ACAS or FCAS designation required.
• Ability to travel on a limited basis.

Responsibilities

• Perform complex actuarial analyses of rate filings and related data.
• Supervise identified staff and monitor performance per policies.
• Provide actuarial consultation on legislative issues and rule changes.
• Respond to data requests from regulators and stakeholders.
• Support strategic planning and policy development.

Skills

ACAS/FCAS

Actuarial regulation

Travel flexibility

Job description

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

OFFICE OF INSURANCE REGULATION
BUREAU: PROPERTY & CASUALTY PRODUCT REVIEW

CITY: TALLAHASSEE

COUNTY: LEON

The Florida Office of Insurance Regulation (OIR) strives to promote a stable and competitive insurance market for consumers. With a workforce of approximately 250 staff members, OIR regulates one of the largest, most complex insurance markets in the world. OIR offers a range of challenging and rewarding opportunities for individuals looking to grow in their careers, as well as a wide variety of top insurance–related courses and professional certifications to ensure that its staff have the industry knowledge needed to succeed. OIR employees also have access to the State of Florida’s tuition waiver program, which offers educational assistance to full-time, salaried employees.

As a State Agency, OIR offers excellent benefits, including health, dental, and vision insurance; retirement plans; flexible spending accounts; health savings accounts; and more. OIR also offers annual and sick leave, a generous holiday schedule, and flexible work schedules. Click the links below to see the many benefits and retirement options you have as a State of Florida employee:

Brief Description of Duties and Responsibilities:

Incumbent of position is a member of DFS' Disaster Response Team and, in that capacity, may be required on short notice to perform duties and necessary attendant travel in support of disaster relief efforts.

Primary Duties:

• Perform complex actuarial calculations to determine whether property and casualty rate filings are in compliance with state insurance laws and to determine if rate filings are excessive, inadequate or unfairly discriminatory. Make recommendations to the Bureau Chief and/or Senior Management for action on the disposition of the filings.
• Actively supervise one Senior Actuarial Analyst and one Actuarial Analyst, and the work products of such employees. Actively monitor performance of direct reports to ensure adherence to all policies and procedures which govern the work they do as well as their compliance with general Administrative Policy and Procedures of the Office and the State of Florida.
• Responsible for the reporting, analyzing and interpreting of statutorily required data and statistics of assigned filings and actuarial reports.
• Serve as actuarial consultant regarding legislative issues, including the review of proposed legislation and determining impact of legislative changes as well as suggesting recommendations for revisions of statutes or administrative rules.
• Direct, conduct and supervise insurance or data related studies or projects per the Insurance Commissioner, Legislature, media and public requests.
• Response to requests from the Insurance Commissioner, Legislature, media, public records requests, consumers, other State and Federal agencies, NAIC and other professional agencies regarding insurance rates or rating practices.
• Assist management in the development of strategic plans and goals. Consult with all areas of the Office with issues or questions concerning actuarial matters and function as a business expert for the Office in industry operations and assist in the development of model position papers which may be supported or supplemented by actuarial science or analysis.
• Perform other related duties as assigned by the Bureau Chief, Senior Management or their designees.

The incumbent of this position is considered to have regulatory responsibilities and is subject to the provisions of Chapter 22A-16, Florida Administrative Code.

624.307(6), F.S. Actuaries employed pursuant to this paragraph shall be members of the Society of Actuaries or the Casualty Actuarial Society and shall be exempt from the Career Service System established under chapter 110.

Must be a member of the Casualty Actuarial Society; or in accordance with Florida Statute 624.307(6), must be an enrolled actuary. Must be in good standing of the Casualty Actuarial Society holding the designation ACAS or FCAS. Ability to travel on a limited basis.

The annual salary for this position is $150,000.00.
Employees of the Office of Insurance Regulation are paid on a monthly pay cycle.

This position is remote. Preference will be given to candidates with Residential Property/Homeowners experience.

Preference will be given to candidates with more than five years of professional actuarial experience.

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.

For assistance, call the People First Service Center at [phone] Monday - Friday, 8:00 a.m. to 6:00 p.m., Eastern time. Pursuant to Florida Law, 110.211 F. S., the State of Florida is an EEO employer.