Actuary – Life Insurance, Annuity, & Long-Term Care Part-time Hourly Position (Flexible)

Virginia State Corporation Commission; Richmond (VA); Ibrido; USD 165.000 - 193.000; Part-time

Descrizione del lavoro

The Virginia State Corporation Commission seeks a part-time hourly Actuary to perform primary and peer reviews of long-term care rate filings and product filings. The role supports the Life and Health Insurance division with flexible telework options and an estimated workload around 20 hours weekly.

Starting hourly rate is $120–$140; the position emphasizes actuarial principles, regulatory compliance, and collaboration with the BOI team to provide guidance on emergent life, annuity and long-term

Competenze

• Bachelor’s degree in actuarial science, mathematics, statistics or related field.
• Must hold ASA designation (A.S.A.).
• Strong analytical skills and ability to troubleshoot data issues.
• Proficiency with Excel, SharePoint, PowerPoint and Office tools.
• Experience with SERFF for rate filing reviews preferred.

Mansioni

• Review product and rate filings for compliance with state law and filing requirements.
• Collaborate with BOI Health Actuary and life/health staff to resolve actuarial questions.
• Prepare objection letters, filing documentation, and responses; assist with inquiries.

Formazione

Bachelor’s degree in actuarial science, mathematics, or statistics

ASA designation (Associate of Society of Actuaries)

Strumenti

SERFF

Microsoft Excel

SharePoint

PowerPoint

Descrizione del lavoro

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 Insurance’s (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

Preferred Qualifications

• Considerable experience with long-term care, annuity and/or life insurance product development, pricing, and compliance
• Some group and individual product experience
• Bachelor’s degree in actuarial science, mathematics, statistics, or a related degree and at a minimum, must hold the Associate of Society of Actuaries (A.S.A.)
• Strong analytical skills and ability to troubleshoot data issues
• Effective at working independently and in collaboration with others, depending on project needs
• Very strong written and verbal communication skills
• Excellent attention to detail
• Proficiency with Microsoft Excel, to include the use of Macros; SharePoint; PowerPoint; and other Microsoft Office products
• Experience using the System for Electronic Rate and Form Filing (SERFF) for rate filing reviews is preferred
• Ability to maintain confidentiality, exercise initiative, and demonstrate professionalism and dependability
• Ability and willingness to travel both in and out-of-state as needed for the position

SCC Information

Located in downtown Richmond, the State Corporation Commission (SCC) is an independent state agency with regulatory authority over public utilities, insurance, state-chartered financial institutions, investment securities, retail franchising, and utility and railroad safety, as well as serving as the state’s central filing office for businesses. The SCC is also charged with administering Virginia’s health insurance marketplace. The SCC’s structure is unique. No other state has a single agency with such a broad array of regulatory responsibility.

The SCC offers our employees rewarding, impactful work; flexible telework options and work-life balance; and professional development opportunities. The SCC fosters a high-performing workforce with a commitment to diversity and inclusion, collaboration, and alignment with the SCC’s mission and strategic goals.

The SCC regulates various companies and industries in Virginia. To avoid any conflict, employees are required to complete a Conflict of Interest Form disclosing securities they or their family members own or employment by a family member in a regulated company. Employees must dispose of securities in a regulated company.

The SCC prohibits immediate family members of an employee, including a spouse, child, stepchild, sibling, step- and half-sibling, parent, step-parent, or other household member of the employee, from working in the same Division or being in the same management hierarchy. In addition, the SCC prohibits romantic or intimate relationships among managers and employees in the same management hierarchy.

The SCC does not provide employer sponsorship. We use the E-Verify system to confirm identity and work authorization. The SCC is an Equal Opportunity Employer. As a Virginia Values Veterans (V3) Certified Employer, we value and encourage veterans and members of the Reserves and National Guard to apply.

The information you submit must clearly demonstrate your experience and qualifications as they relate to this position. Interview consideration is based on the information submitted online. If requested, the SCC will provide reasonable accommodation to applicants in need of accommodation to provide access to the application and interview process. A background investigation is conducted on the selected candidate as a condition of employment.

This is a part-time hourly position with flexible hours and telework options. This position does not include state benefits.