Insurance Actuarial Analyst III - Rate & Compliance

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

Benefits offered by this job

Medical Coverage

Paid time off

Holidays

Job summary

The Ohio Department of Insurance in Columbus is seeking an actuarial professional to analyze property and casualty rate filings, ensuring rate reasonableness and compliance with state and federal laws. The role supports rate decisions and prepares analyses for leadership.

Work involves actuarial methodology, data analysis, and providing training and peer reviews to junior analysts. This is a permanent, full-time position with standard M-F hours at a downtown Columbus location.

Qualifications

• Undergraduate mathematics core program completed.
• 3 CAS or 3 SOA examinations completed depending on division.
• 4 yrs. exp. in actuarial field pertinent to assigned division.
• 24 mos. exp. in operation of personal computer.

Responsibilities

• 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.

Skills

Insurance

Actuarial Analysis

Education

Undergraduate mathematics program

CAS/SOA examinations

Job description

The Ohio Department of Insurance in Columbus is seeking an actuarial professional to analyze property and casualty rate filings, ensuring rate reasonableness and compliance with state and federal laws. The role supports rate decisions and prepares analyses for leadership.

Work involves actuarial methodology, data analysis, and providing training and peer reviews to junior analysts. This is a permanent, full-time position with standard M-F hours at a downtown Columbus location.