Actuary - Austin, TX (Job Posting #14-204)

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The Texas Department of Insurance (TDI) is a state agency responsible for both consumers and the insurance industry. We work to fulfill our legislative mandate to regulate the insurance industry and promote a healthy insurance marketplace, while also protecting the people and businesses that are served by insurance. We take our responsibility to Texans seriously and strive for excellent customer service through our professional attitude, competence, and efficiency.



Current Opportunity: Actuary

Internal/External - TDI employees and the General Public



This position performs advanced and/or senior-level actuarial work providing actuarial advice and consultation.



Additionally, this position:

• conducts actuarial review and analysis of life, accident, health, and HMO rate filings and reports filings, and makes recommendations for the approval or disapproval of regulated rates;


• implements insurance rules and regulations;


• oversees research, data review, and analysis;


• develops actuarial and statistical plans and exhibits for distribution to the agency, staff, industry, and public;


• may participate in NAIC meetings and conference calls;


• represents the agency on actuarial matters in meetings with the public, public officials, and industry representatives;


• prepares executive level and technical reports to monitor the insurance market;


• assesses the impact of existing and proposed legislation or policies on agency programs with respect to actuarial matters; and


• performs related work, as assigned.

Qualifications

This position requires graduation from an accredited four year college or university with a degree in statistics, mathematics, actuarial science, or a field related to the assignment. Education and experience relevant to the position requirements may be substituted for one another on a year-for-year basis.



Additionally, this position:

• requires five years experience in the actuarial field, and membership in the American Academy of Actuaries or membership in the Society of Actuaries;


• prefers experience in life, accident, and/or health insurance, specifically in pricing health products.

This position requires demonstrated knowledge of:

• actuarial formulas, methods, and procedures;


• loss reserving and pricing methods, assumptions, and calculations; and


• applicable laws, rules, regulations, policies and procedures.

This position requires demonstrated skill in:

• applying actuarial principles and techniques;


• communicating and working effectively with all levels of employees, governmental officials, and the public;


• using Microsoft Office software applications, including Word, Excel, PowerPoint, Access, and Outlook;


• using standard office equipment; and


• using personal computers sufficient to use actuarial computer applications.

This position requires the demonstrated ability to:

• establish and maintain effective working relationships with managers, team members, co-workers, and the public;


• develop, prepare, and present technical reports, correspondence, and presentations for consumers, public officials, industry representatives, and other groups;


• research and solve problems; and


• interpret rules, regulations, policies, and procedures.

Position Details



Opening Date: 07/23/2014

Functional Title: Actuary

Classification Title: Actuary IV

Status: Internal/External - TDI employees and the General Public

Application Deadline: Until Filled

Pay Group: B27

Monthly Salary: $6,363.00 - $9,166.67

Annual Salary: $76,356.00 - $110,000.00

Job Posting Number: 14-204

Division: Regulatory Policy / Rate and Form Review Office

Location: 333 Guadalupe Street, Austin, TX 78701

Travel Required: 5 %

Actuary - Austin, TX (Job Posting #14-204)