Actuary Reviewer

NACBA; Kansas City (MO); Hybrid; USD 107,000 - 160,000; Full time

Job summary

The Insurance Compact Commission is seeking an Actuary Reviewer to support regulators, consumers, and the insurance industry by improving the efficiency and uniformity of product filing review and approvals.

This full-time remote role requires applying actuarial principles, completing documentation, and collaborating with colleagues to resolve questions and ensure consistent application of standards. Regular travel to meetings is expected.

Qualifications

• Bachelor’s degree in actuarial science, Mathematics, Statistics, or similar degree and at least 2 years actuarial experience with annuities or life insurance.
• Familiarity with Compact Uniform Standards.
• Life Associate Actuary: ASA designation required.

Responsibilities

• Reviews product and rate filings for compliance with Uniform Standards, Rules, procedures and filing requirements.
• Prepares objection letters, checklists, correspondence, and documentation; follows up on responses and regulatory decisions.
• Collaborates with actuaries, product reviewers, and leadership to resolve actuarial questions and ensure consistent application of standards.
• Responds to inquiries from filers, regulators, insurers, and other stakeholders.
• Provides actuarial guidance, training materials, and reports related to product filing requirements.
• Attends meetings to support organizational priorities and issue resolution.

Skills

Actuarial principles

Regulatory knowledge

Communication

Education

Bachelor’s degree in actuarial science, Mathematics, Statistics

Associate of the Society of Actuaries (ASA) designation

Tools

SERFF

Microsoft Word

Microsoft Excel

SharePoint

Job description

The Insurance Compact Commission has an exciting opportunity for an Actuary Reviewer. We are looking for a team member who would enjoy working for an organization that supports insurance regulators, consumers, and insurance companies by improving the efficiency and uniformity of product filing review and approval in the ever-changing insurance marketplace. The Actuary Reviewer is responsible for providing professional actuarial support to the collaborative review and approval of Compact product filings as efficiently as possible in accordance with the Uniform Standards, Operating Procedures and other organizational processes and requirements. This team member provides actuarial support to the Product Operations of the Commission by responding to questions and providing guidance primarily on actuarial matters to current and potential company filers, regulators, and other Compact stakeholders.

Are you driven to utilize your multi-tasking skills while delivering excellent service to build long-lasting rapport? If so, this is a perfect opportunity for you! This is a full-time position, remote position.

Responsibilities

• Applies sound actuarial principles, maintains actuarial qualifications and adheres to Actuarial Standards Board Standards of Practice. Reviews product and rate filings in a timely, thorough manner to determine compliance with applicable Uniform Standards, Rules, Operating Procedures and Filing Requirements.
• Completes objection letters, actuarial checklists, correspondence, and filing documentation; follows through on responses and appropriately documents regulatory decisions.
• Collaborates with actuaries, product reviewers, Compact leadership, and Product Operations team members to resolve actuarial questions, support workload management and promote consistent application of Uniform Standards.
• Responds to pre-filing inquiries and assists with actuarial questions from company filers, regulators, insurers, consulting filers, consumers and other Compact stakeholders.
• Provides actuarial guidance, training, presentations, background materials, and reports related to product filing requirements, review activities and regulatory best practices.
• Attends and supports Product Operations, Commission, Compact, NAIC committee and technical group meetings as needed to support organizational priorities and actuarial issue resolution.

Minimum Education and/or Experience Required

Bachelor’s degree in actuarial science, Mathematics, Statistics, or similar degree from an accredited college or university and at least 2 years of actuarial experience working with annuities and/or life insurance.
Familiarity with Compact Uniform Standards
Life Associate Actuary: Must have an Associate of the Society of Actuaries designation.

Preferred Experience

Experience with annuity and/or life insurance product development, pricing and compliance. Group and individual product experience.

Systems & Technology Requirements

Microsoft SharePoint, Word, Outlook, Excel and other Microsoft Office products.
System for Electronic Rate and Form Filing (SERFF)

Travel

This position requires regular, out-of-state, overnight travel in support of member meetings and events throughout the year.

Compensation

Starting at $107,253 - $160,000, to be commensurate with experience and education.

Sponsorship

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time

The Compact is proud to be an Equal Opportunity Employer

Applicants for all positions are considered without regard to age, race, creed, color, religion, sex, sexual orientation, gender identity or expression, national origin or ancestry, marital status, pregnancy, genetic information, military or veteran status, disability, or any other basis protected by applicable law.