Actuary – Property & Casualty - Near ACAS/ACAS

State of North Carolina; Raleigh (NC); Hybrid; USD 83,000 - 120,000; Full time

Benefits offered by this job

12 Annual paid Holidays

State Health Plan (Aetna)

Supplemental Benefits including: FSA,

Job summary

The State of North Carolina, Department of Insurance, Administration Division, seeks an Actuary - Property & Casualty (NS) to assemble and analyze data, provide expert recommendations, and support rate/rule/policy form filings. This role requires actuarial expertise and CAS credentials, with a hybrid work option described.

Ideal candidate will have a Bachelor's in actuarial science and four years of actuarial experience, plus CAS Associate status or equivalent.

Qualifications

• Bachelor's degree in actuarial science, mathematics, statistics, business, or a closely related field from an appropriately accredited institution and four years of professional actuarial experience.
• Associate status in the Casualty Actuarial Society (CAS), or an equivalent combination of education and experience.

Responsibilities

• Assemble and analyze data to estimate the probability and likely cost of events such as liability or property loss.
• Provide consultation and professional recommendations to divisions within the agency.
• Review data and make recommendations concerning rate, rule and policy form filings.
• Review Statements of Actuarial Opinion and advise on any deficiencies; participate in rate hearings as required.

Skills

Actuarial knowledge

Analytical thinking

Communication skills

Education

Bachelor's degree in actuarial science

CAS Associate status

Job description

Agency

Dept of Insurance

Division

Administration

Job Classification Title

Actuary - Property & Casualty (NS)

Position Number

60013587

Grade

NC25

About Us

The mission of the North Carolina Department of Insurance is to promote a stable insurance market through unbiased regulation and to protect the lives and property of every citizen in all 100 counties while fostering superior, user-friendly service, courtesy, and respect. Our agency licenses insurance agents, adjusters, bail bondsmen and more, along with investigating fraud matters involving insurance consumers and any entity or individual regulated by the Department. In an ever-changing environment, it is the vision of the Department of Insurance to maintain the stabilization of the insurance industry in order to provide more products, competitive prices and consumer protection.

Description of Work

Salary Recruitment Range: $83,055 - $120,000

Salary Grade: NC25

The posting will close at 11:59 p.m. the night before the closing date.

This position is open to both ACAS and Near-ACAS candidates. Near-ACAS applicants (with 4 exams and 2 years of experience) may be eligible for our Actuarial Program. For additional information regarding trainee status, please visit: https://oshr.nc.gov/hr-governance/policies/appointment-types-and-career-status

This position currently qualifies for a hybrid telework option with routine office and up to one remote workday per week. The NC Department of Insurance trusts our employees to be self-motivated and successful in hybrid/remote roles. Telework options are subject to change at the discretion of management.

Primary Purpose of the Position

Positions in this class assemble and analyze data to estimate the probability and likely cost of the occurrence of an event such as liability, loss of property, or loss of use of property. Positions are responsible for providing consultation and professional recommendations to various divisions within the agency or department. The range of duties includes, but is not limited to reviewing data/information and making recommendations concerning rate, rule and policy form filings; reviewing Statements of Actuarial Opinion and advising of any deficiencies; participating in rate hearings including expert witness testimony as required; conducting surveys or data calls of insurers; providing consultation and recommendations concerning proposed legislation, new insurers, and consumer-related issues. Positions may perform additional duties as assigned by supervisor.

Knowledge Skills and Abilities/Management Preferences

Effective July 1, 2025, candidates now meet the minimum qualifications of a position if they have the minimum education and experience listed from the class specification. The knowledge, skills, and abilities listed in the vacancy announcement should be used as management preferences and be used to screen for the most qualified pool of applicants.

Management Preferences

• Considerable level of professional knowledge in Property & Casualty and keeps up with current developments and trends.
• Actively pursuing or have obtained credentials with the Casualty Actuarial Society (CAS) and the American Academy of Actuaries (AAA). Must have passed at least 4 CAS exams.
• Considerable knowledge of North Carolina laws and regulations as they relate to actuarial practice.
• Considerable knowledge of agency policies and practices in regard to issues arising in rate revision negotiations or rate hearings.
• Ability to effectively communicate complex information verbally and in writing; keeps coworkers and managers informed of project progress.

Minimum Education and Experience

See the Education and Experience Equivalency Guide for details.

Bachelor's degree in actuarial science, mathematics, statistics, business, or a closely related field from an appropriately accredited institution and four years of professional actuarial experience and Associate status in the Casualty Actuarial Society (CAS), or an equivalent combination of education and experience.

Actuarial Program Education and Experience

Bachelor's degree in actuarial science, mathematics, statistics, business, or a closely related field from an appropriately accredited institution, and two years of professional actuarial experience. Associate status in the Casualty Actuarial Society (CAS) is expected (but not required) within two years. To be considered for the Actuarial Program, candidate must have passed at least 4 CAS exams and have 2 years of professional actuarial experience.

*If there are no qualified candidates remaining in the applicant pool who meet the minimum Education and Experience or Management Preferences required for the position, the agency may consider for this position an applicant who does not meet the minimum requirements. Salary for a near ACA/trainee may be set at a lower level than the classification salary range and recruitment range listed in the posting, with salary adjustments made as the near ACA/trainee obtains the additional education and experience necessary to fully meet the minimum qualifications outlined in the classification specification.*

Benefits of NC State Employment

We value our employees and offer a wide varietyof competitive and family-friendly benefits. Benefits include:

• 12 Annual paid Holidays
• North Carolina State Health Plan administered by AETNA
• Supplemental Benefits including: Flexible Spending Accounts, Accident Insurance, Cancer & Specified Disease, Critical Illness, Dental and Vision
• NC State Retirement (TSERS)
• WeSave Employee Discounts

Learn more about employee perks/benefits

• Why Work For NC?
• NC OSHR: Benefits

Supplemental and Contact Information

• Academic Degrees must be from appropriately accredited institutions and will be verified. If you are selected for a position at DOI/IC, your academic credentials will be verified.
• Applicants requesting and receiving an accommodation under the Americans with Disabilities Act (ADA) are eligible to submit paper applications via mail or by fax.
• Applicants seeking Veteran's Preference under N.C.G.S .126 must submit a DD Form 214, Certificate of Release or Discharge from Active Duty. This information may be attached to the online application or be faxed on or before the closing date.

EEO Statement

The State of North Carolina is an Equal Employment Opportunity Employer and dedicated to providing employees with a work environment free from all forms of unlawful employment discrimination, harassment, or retaliation. The state provides reasonable accommodation to employees and applicants with disabilities; known limitations related to pregnancy, childbirth, or related medical conditions; and for religious beliefs, observances, and practices.