Actuary - Life Insurance, Annuity, & Long-Term Care (Hourly)

Commonwealth of VA Careers; Richmond (VA); À distance; USD 165 000 - 193 000; Temps partiel

Résumé du poste

State Corporation Commission (SCC) seeks a part-time hourly Actuary to join the Bureau of Insurances (BOI) Life and Health Insurance division. The Actuary will review long-term care, annuity, and product filings and provide actuarial guidance, training, and documentation.

Flexible telework options are available. The workload is around 20 hours per week, with responsibilities including collaboration with other staff, drafting letters, and representing BOI in NAIC discussions.

Responsabilités

• Apply actuarial principles to review product and rate filings timely and thoroughly to determine compliance with applicable state law, BOI operating procedures, and filing requirements
• Collaborate closely with the BOI Health Insurance Actuary and other key staff within the life and health division to resolve actuarial questions, support workload management, and promote consistent application of law
• Complete objection letters, correspondence, and filing documentation; follow through on responses and appropriately document regulatory decisions; and respond to pre-filing inquiries and assist with actuarial questions from company filers, regulators, insurers, consulting filers, consumers, and other stakeholders
• Provides actuarial guidance, training, presentations, background materials, and reports related to product filing requirements, rate review activities, and regulatory best practices
• Attends National Association of Insurance Commissioner (NAIC) committee and technical group meetings as needed to support organizational priorities and actuarial issue resolution
• Provide recommendations related to emerging life insurance, annuity, and long-term care products
• Provide actuarial guidance to assist with the review of life, annuity, and credit insurance product filings
• Represent BOI in discussions with state legislators and with the NAIC
• Provide instruction internally and externally related to actuarial considerations, processes, recommendations, and outcomes
• Perform other related work as required

Description du poste

Actuary Life Insurance, Annuity, & Long-Term Care

Part-time Hourly Position (Flexible)

Starting Hourly Rate: $120 - $140

The State Corporation Commission (SCC) seeks a part-time hourly Actuary to join its Bureau of Insurances (BOI) Life and Health Insurance division. The Actuary selected for this role will perform primary actuarial reviews or peer reviews of long-term care increase requests and reduced benefit options as well as new long-term care product filings. This is a part-time hourly position with flexible telework options. The workload is estimated to be around 20 hours per week but may fluctuate.

Essential Duties and Responsibilities

• Apply sound actuarial principles to review product and rate filings timely and thoroughly to determine compliance with applicable state law, BOI operating procedures, and filing requirements
• Collaborate closely with the BOI Health Insurance Actuary and other key staff within the life and health division to resolve actuarial questions, support workload management, and promote consistent application of law
• Complete objection letters, correspondence, and filing documentation; follow through on responses and appropriately document regulatory decisions; and respond to pre-filing inquiries and assist with actuarial questions from company filers, regulators, insurers, consulting filers, consumers, and other stakeholders
• Provides actuarial guidance, training, presentations, background materials, and reports related to product filing requirements, rate review activities, and regulatory best practices
• Attends National Association of Insurance Commissioner (NAIC) committee and technical group meetings as needed to support organizational priorities and actuarial issue resolution
• Provide recommendations related to emerging life insurance, annuity, and long-term care products
• Provide actuarial guidance to assist with the review of life, annuity, and credit insurance product filings
• Represent BOI in discussions with state legislators and with the NAIC
• Provide instruction internally and externally related to actuarial considerations, processes, recommendations, and outcomes
• Perform other related work as required