Insurance Actuarial Analyst 3

State of Ohio; Columbus (OH); On-site; USD 48,000 - 68,000; Full time

Benefits offered by this job

Medical Coverage

Paid time off and holidays

Public Retirement Systems

Job summary

The Ohio Department of Insurance (ODI) is seeking a skilled actuarial analyst to evaluate Property & Casualty rate filings for reasonableness and regulatory compliance. You will communicate findings to filers, assist in rate approvals, and develop tools for ongoing compliance reviews.

Ideal candidates have an undergraduate math program background with actuarial exam progress and multiple years of related experience. This is a full-time, on-site position in Columbus, OH with excellent benefits.

Qualifications

• Completion of undergraduate core program in mathematics with 3 CAS or 3 SOA examinations in related division.
• 4 years of experience in actuarial field pertinent to assigned division.
• 24 months of experience operating a personal computer.

Responsibilities

• Analyzing complex Property and Casualty Insurance rate filings for reasonableness and compliance with state and federal laws.
• Notifying insurance companies of compliance issues and approving rates for use in Ohio.
• Researching and understanding relevant compliance requirements.
• Creating and maintaining compliance review tools and providing data analysis.
• Provide direction and peer reviews of work by lower level analysts.

Skills

Insurance

Education

Undergraduate mathematics program

Job description

Organization:

Insurance

Work Location:

50 West Town Street, Suite 300
Columbus, Ohio, 43215
United States

Compensation:

41.81

Schedule:

Permanent - Full Time

Work Hours:

Monday - Friday 8am - 5 pm

Classified Indicator:

Classified

Union:

OCSEA

Primary Job Skill:

Insurance

About Us:

The Ohio Department of Insurance (ODI) was established in 1872 as an agency charged with overseeing insurance regulations, enforcing statutes mandating consumer protections, educating consumers, and fostering the stability of insurance markets in Ohio.

Today, the mission of the Ohio Department of Insurance is to provide consumer protection through education and fair but vigilant regulation while promoting a stable and competitive environment for insurers.

Please visit our website Department of Insurance and also find us on LinkedIn.

What You’ll Do:

• Analyzing complex Property and Casualty Insurance rate filings for reasonableness of rate structure and determine if rates are adequate, not excessive, nor unfairly discriminatory according to sound actuarial principles, while ensuring compliance of rates with applicable state and federal laws and policies;
• Notifying insurance companies of compliance issues with their rates, providing necessary information to the filers, and approving rates for use in Ohio;
• Researching and understanding relevant compliance requirements;
• Creating and maintaining compliance review tools and providing analysis of data; and
• Provide direction, training, and peer reviews of work completed by lower level insurance actuarial analysts.

Why Work for the State of Ohio:

At the State of Ohio, we take care of the team that cares for Ohioans. We provide a variety of quality, competitive benefits to eligible full-time and part-time employees*. For a list of all the State of Ohio Benefits, visit our Total Rewards website! Our benefits package includes:

• Medical Coverage
• Free Dental, Vision and Basic Life Insurance premiums after completion of eligibility period
• Paid time off, including vacation, personal, sick leave and 11 paid holidays per year
• Childbirth, Adoption, and Foster Care leave
• Education and Development Opportunities (Employee Development Funds, Public Service Loan Forgiveness, and more)
• Public Retirement Systems (such as OPERS, STRS, SERS, and HPRS) & Optional Deferred Compensation (Ohio Deferred Compensation)

*Benefits eligibility is dependent on a number of factors. The Agency Contact listed above will be able to provide specific benefits information for this position.

Qualifications:

Completion of undergraduate core program in mathematics completion of 3 CAS examinations for positions in Property & Casualty Division or 3 SOA examinations for positions in Life & Health Division or Managed Care Division or 3 CAS or 3 SOA examinations for positions in Financial Regulation Division 4 yrs. exp. in actuarial field pertinent to assigned division (i.e., for positions in Managed Care Division, exp. must be in managed care field for positions in Property & Casualty Division, exp. must be in property & casualty field for positions in Life & Health Division, exp. must be in life & health field for positions in Financial Regulation Division, exp. may be of any type) 24 mos. exp. in operation of personal computer.

Job Skills: Insurance

ADA Statement:

Ohio is a Disability Inclusion State and strives to be a model employer of individuals with disabilities. The State of Ohio is committed to providing access and inclusion and reasonable accommodation in its services, activities, programs and employment opportunities in accordance with the Americans with Disabilities Act (ADA) and other applicable laws.

Drug-Free Workplace:

The State of Ohio is a drug-free workplace which prohibits the use of marijuana (recreational marijuana/non-medical cannabis). Please note, this position may be subject to additional restrictions pursuant to the State of Ohio Drug-Free Workplace Policy (HR-39), and as outlined in the posting.