Actuarial Associate Trainee

As an Actuarial Associate Trainee, you will participate in a training program designed to develop technical competence in the understanding and application of basic actuarial standards, procedures, and insurance laws related to the analysis of property and casualty (P&C) insurance rates, rating procedures, rating plans, statistics, schedules, and rules.  You will be able to assist with review and analysis in order to determine conformance to statutory and regulatory requirements.  This position also affords the opportunity to compile and assist with the analysis of P&C insurance statistics for special projects to include data calls, surveys and summaries that support testimony, consumer education, press releases, and actuarial and policy decisions.  

 You will learn how to correspond with insurers to obtain additional information, request revisions, or identify potential federal or state law violations as it pertains to P&C insurance rates, rules, and statistics with guidance from a supervisor or more senior actuarial staff.  You will also gain exposure to a variety of rate making standards and procedures for P&C insurance including, but not limited to personal auto, homeowners, general liability, professional liability, workers compensation, property, crop, flood, and inland marine to experience different rating formulas with guidance from more senior actuarial staff or supervisors.  Professional growth and development is encouraged through participation in exams, seminars, webinars, literature readings, or other available resources.

Work Schedule and Additional Information:

• Full-time employment
• Work hours are 8:00 AM to 4:30 PM, Monday - Friday, with a 60-minute lunch.
• Schedule may be flexible based upon operational needs.
  
• Telework: You may have the opportunity to work from home (telework) full-time, however you will be required to report to the office 1 day per month.  In order to telework, you must have a securely configured high-speed internet connection and work from an approved location inside Pennsylvania.  If you are unable to telework, you will have the option to report to the headquarters office in Harrisburg.
• Salary: In some cases, the starting salary may be non-negotiable.
• You will receive further communication regarding this position via email.  Check your email, including spam/junk folders, for these notices.

QUALIFICATIONS

Minimum Experience and Training Requirements:

• An associate degree that includes 12 college credits in actuary science, data science, finance, economics, mathematics, statistics, or a closely related field; or
• Completion of one part of the Society of Actuaries examination or Casualty Actuarial Society examination; or
• An equivalent combination of experience and training that includes 12 college credits in actuary science, data science, finance, economics, mathematics, statistics, or a closely related field. 

Other Requirements:

• You must meet the PA residency requirement.  For more information on ways to meet PA residency requirements, follow the link and click on Residency.
• You must be able to perform essential job functions.

How to Apply: 

• Resumes, cover letters, and similar documents will not be reviewed, and the information contained therein will not be considered for the purposes of determining your eligibility for the position.  Information to support your eligibility for the position must be provided on the application (i.e., relevant, detailed experience/education).
• If you are claiming education in your answers to the supplemental application questions, you must attach a copy of your college transcripts for your claim to be accepted toward meeting the minimum requirements.  Unofficial transcripts are acceptable.
• Your application must be submitted by the posting closing date.  Late applications and other required materials will not be accepted.
• Failure to comply with the above application requirements may eliminate you from consideration for this position. 

Veterans: 

• Pennsylvania law (51 Pa. C.S. §7103) provides employment preference for qualified veterans for appointment to many state and local government jobs.  To learn more about employment preferences for veterans, go to www.employment.pa.gov/Additional Info/Pages/default.aspx and click the Veterans’ Preference tab or contact us at ra-cs-vetpreference@pa.gov.

Telecommunications Relay Service (TRS): 

• 711 (hearing and speech disabilities or other individuals).

If you are contacted for an interview and need accommodations due to a disability, please discuss your request for accommodations with the interviewer in advance of your interview date.
 

• Completing the application, including all supplemental questions, serves as your exam for this position.  No additional exam is required at a test center (also referred to as a written exam).
• Your score is based on the detailed information you provide on your application and in response to the supplemental questions. 
• Your score is valid for this specific posting only.
• You must provide complete and accurate information or:
  • your score may be lower than deserved.
  • you may be disqualified.
• You may only apply/test once for this posting.
• Your results will be provided via email.

Salary : $50,836 - $77,321