ACTUARIAL ANALYST - 43000942

The Florida Office of Insurance Regulation (OIR) strives to promote a stable and competitive insurance market for consumers. With a workforce of approximately 250 staff members, OIR regulates one of the largest, most complex insurance markets in the world.  

OIR offers a range of challenging and rewarding opportunities for individuals looking to grow in their career and offers a wide variety of top insurance industry-related courses and professional certifications to ensure that its staff has the industry knowledge needed to succeed. OIR employees also have access to the State of Florida’s tuition waiver program, which offers educational assistance to all full-time, salaried employees.

Brief Description of Duties and Responsibilities:

As a State Agency, the OIR offers excellent benefits such as health insurance, dental insurance, vision insurance, retirement plans, flexible spending accounts, health savings accounts, and much more. The OIR also offers annual and sick leave, a generous holiday schedule, and flexible work schedules. https://www.mybenefits.myflorida.com/  

• Assist supervising actuary in the preparation of recommendations based on actuarial analysis of rate and rate-related filings.
• Perform actuarial calculations of property and casualty rate filings to determine whether or not rates are excessive, inadequate or unfairly discriminatory and in compliance with statutory requirements.
• Review property and casualty insurance rate filings to determine compliance with state insurance laws that rates not be excessive, inadequate or unfairly discriminatory.
• Research, prepare and submit data to support recommendations relative to actuarial analysis.
• Prepare data summaries, extracts, and analysis for reports generated by the Actuary, including written documentation as requested.
• Summarize, reconcile, and analyze data used in financial examinations of companies. Assist in preparing correspondence and monitoring responses.

• Design, collect, analyze and review statutorily required reporting forms.  Correspond with external sources to insure compliance with legislation as interpreted by the Department.  Use standard statistical formulae and analytical procedures for use in analyzing rate filings.
• Maintain all manuals, databases, and logs related to assigned rate filings.  Recommend changes needed to improve reliability and/or availability of data.
• Perform other related duties as assigned by supervising actuary, the Division Director, his/her designee, or upper management.
   

THIS POSITION WILL BE FILLED AT THE ANNUAL SALARY OF $53,000.04.

Quaified applicants will be required to take a work sample.

Employees of the Office of Insurance Regulation are paid on a monthly pay cycle.

This is a non-remote on-site position located in Tallahassee, FL.

This position requires a security background check, including fingerprints, as a condition of employment.

Responses to qualifying questions must be clearly supported by the state application and any omission, falsification, or misrepresentation in the answering of the qualifying questions will be cause for immediate elimination from the selection process.

If you are a retiree of the Florida Retirement System (FRS), please check with the FRS on how your current benefits will be affected if you are re-employed with the State of Florida. Your current retirement benefits may be canceled, suspended, or deemed ineligible depending upon the date of your retirement.

The State of Florida is an Equal Opportunity Employer/Affirmative Action Employer and does not tolerate discrimination or violence in the workplace.

Candidates requiring a reasonable accommodation, as defined by the Americans with Disabilities Act, must notify the agency hiring authority and/or People First Service Center (1-866-663-4735).  Notification to the hiring authority must be made in advance to allow sufficient time to provide the accommodation.

The State of Florida supports a Drug-Free workplace. All employees are subject to reasonable suspicion drug testing in accordance with Section 112.0455, F.S., Drug-Free Workplace Act.

VETERANS’ PREFERENCE.  Pursuant to Chapter 295, Florida Statutes, candidates eligible for Veterans’ Preference will receive preference in employment for Career Service vacancies and are encouraged to apply. Certain service members may be eligible to receive waivers for postsecondary educational requirements.  Candidates claiming Veterans’ Preference must attach supporting documentation with each submission that includes character of service (for example, DD Form 214 Member Copy #4) along with any other documentation as required by Rule 55A-7, Florida Administrative Code.Veterans’ Preference documentation requirements are available by clicking here.  All documentation is due by the close of the vacancy announcement.