What are the responsibilities and job description for the Actuary position at Louisiana Department of Insurance?
Join a dynamic actuarial team within a traditional and supportive work environment.
Positions are available for a credentialed or near-credentialed actuary with experience in Property & Casualty Insurance, Life Insurance and/or Health Insurance. Project work and investigative studies will include a combination of pricing, reserving, reinsurance, emerging issues and other topics.
Position will be structured to fit the expertise and experience level of the candidate.
Responsibilities Include, But Are Not Limited To
Based on qualifications. Position will be structured to fit the experience level of the candidate. Benefits include flexible work schedules, telework, health insurance and defined benefit pension plan.
About Louisiana Department Of Insurance
The Louisiana Department of Insurance (LDI) works diligently to balance the needs of insurance consumers with the insurance industry’s need to run a competitive business. As a regulator, the LDI enforces the laws that provide a fair and stable marketplace with transparent rules so one insurer does not have an unfair competitive advantage over any other insurers. The LDI also works to make certain that insurers comply with all the laws in place to protect policyholders.
Louisiana boasts an attractive cost of living along with a passion for food, history, culture, and great outdoors. The LDI is located on Capitol Lake in Baton Rouge.
Positions are available for a credentialed or near-credentialed actuary with experience in Property & Casualty Insurance, Life Insurance and/or Health Insurance. Project work and investigative studies will include a combination of pricing, reserving, reinsurance, emerging issues and other topics.
Position will be structured to fit the expertise and experience level of the candidate.
Responsibilities Include, But Are Not Limited To
- Review insurance company financial statements and rate filings, including adequacy, consistency, and transparency of key assumptions and methodologies.
- Collaborate with internal and external stakeholders to investigate and review pricing and insurance methodologies, provide insights, and recommend changes to regulatory leaders.
- Contribute to the setting of standards and models for best practices relating to rating, solvency, and planning processes, tools, monitors, and implementations.
- Utilize analytical and industry knowledge to conduct independent reviews of key insurance rating and reserving segments, methodologies, and assumptions.
- Apply an understanding of the business implications and influence the course of regulatory actions taken.
- Desire to impact the insurance industry in a meaningful way, stay advised of industry trends, and keep current on new techniques.
- Exchanges ideas and conveys complex information clearly and concisely, both verbally and in writing, to other actuaries and non-actuaries alike.
- Strong analytic skills with solid understanding of actuarial techniques, standards, and assumptions for pricing and reserving.
- Ability to work on multiple projects and prioritize work without extensive direction from supervisor.
- Financial Statement reserves and Statement of Actuarial Opinion.
- Actuarial structure of Property & Casualty, Long-Term Care and/or Medicare Supplement ratemaking.
- Insurance company operations.
- Familiarity with, and the ability to utilize, various business software applications.
- FCAS, ACAS, FSA or ASA and be a member in good standing with the Casualty Actuarial Society and/or Society of Actuaries. Near-ACAS or Near-ASA will be considered for a more junior role.
- 5 years or more actuarial experience. Compensation will reflect the experience level of the candidate.
Based on qualifications. Position will be structured to fit the experience level of the candidate. Benefits include flexible work schedules, telework, health insurance and defined benefit pension plan.
About Louisiana Department Of Insurance
The Louisiana Department of Insurance (LDI) works diligently to balance the needs of insurance consumers with the insurance industry’s need to run a competitive business. As a regulator, the LDI enforces the laws that provide a fair and stable marketplace with transparent rules so one insurer does not have an unfair competitive advantage over any other insurers. The LDI also works to make certain that insurers comply with all the laws in place to protect policyholders.
Louisiana boasts an attractive cost of living along with a passion for food, history, culture, and great outdoors. The LDI is located on Capitol Lake in Baton Rouge.