What are the responsibilities and job description for the INSURANCE ACTUARIAL ANALYST 3 position at State of Nevada, Division of Human Resource Management?
Announcement Number: 50611 Open to all qualified persons. Posted 02/27/2025 Close Date: 03/07/2025 Recruiter:
ADRIAN FOSTER
Phone: (702)486-2911
Email: adrian@admin.nv.gov Applications accepted for another 1 Days 13 Hrs 32 Mins
The Position
Insurance Actuarial Analysts analyze actuarial data to either establish or review insurance rates for appropriateness and compliance with statutes and regulations; review property/casualty or life/health rate filings to determine an insurance company's financial soundness; ensure that rates are commensurate with benefits; analyze actuarial data used in insurance company annual statements; and ensure compliance with State and federal insurance laws and regulations.
Incumbents function as first-line supervisors who train, supervise and evaluate the performance of assigned staff; assign and review work; and initiate disciplinary action.
This position is within the Department of Business & Industry/Division of Insurance/Property & Casualty Section located in Carson City, Nevada. The incumbent reviews complex rate, rule, and form filings for personal lines of insurance from P&C insurers in Nevada. These reviews include making determinations on whether rate proposals are adequate, excessive, or unfairly discriminatory. This position also conducts actuarial and statistical studies, analyzes legislation, drafts regulations and represents the Division at hearings, responds to requests from the Governor, Legislators, consumers, insurance industry representatives and other interested parties. Additionally, this position participates in market conduct examinations of insurance companies. The incumbent will be responsible for training assigned staff, as well as overseeing staff work assignments and reviews. Effective collaboration and communication with peers, co-workers, management, staff from various state agencies, members of the public, public officials, and vendors are essential for success in this position. Additionally, this role has a travel requirement of up to 25%, highlighting the need for flexibility and adaptability. *** THIS RECRUITMENT MAY CLOSE WITHOUT FURTHER NOTICE DEPENDING ON THE NUMBER OF APPLICATIONS RECEIVED. APPLICANTS ARE ENCOURAGED TO APPLY AS SOON AS POSSIBLE. ***
To see full Class Specifications visit: http://hr.nv.gov/Resources/ClassSpecs/Class_Specifications-7_0/
To Qualify
In order to be qualified, you must meet the following requirements:
Qualifications
Education and Experience (Minimum Qualifications) Bachelor's degree from an accredited college or university in actuarial science, statistics or mathematics, accounting, economics, and three years of experience in performing actuarial analysis that included interpretation and application of statutes and regulations pertaining to rate filings; resolving consumer complaints and responding to other inquiries; preparing written opinions and making presentations before a hearing body; or three years of experience in the preparation, analysis, application and review of rates and rating plans in a regulatory agency, insurance company or other rate setting organization; OR two years of experience as an Insurance Actuarial Analyst II in Nevada State service; OR an equivalent combination of experience and education as described above. Special Requirements A State of Nevada/FBI background check will be required of the selected applicant. This position has a 25% travel requirement. A valid driver's license or evidence of equivalent mobility at the time of appointment and for continuing employment. The Examination Application Evaluation Exam The exam will consist of an application evaluation. It is essential that applications include detailed information with time frames regarding education and experience. The most qualified applicants will be contacted by the hiring agency for interview. The hiring agency may require specific skills related testing as part of the interviewing process. INFORMATIONAL LINKS For more information about state employment, visit the following:
Division of Human Resource Management: http://hr.nv.gov
Public Employees Retirement System: http://www.nvpers.org
Public Employees Benefits Program: https://pebp.nv.gov/
More Benefits Information: http://nvjobs.nv.gov/Applicants/EB
REFER A FRIEND Help us reach qualified candidates! Refer a friend by clicking here:
Email Direct Inquiries or Correspondence to: Division of Human Resource Management
Northern Nevada
515 East Musser Street,
First Floor
Carson City, Nevada 89701-4204
ADRIAN FOSTER
Phone: (702)486-2911
Email: adrian@admin.nv.gov Applications accepted for another 1 Days 13 Hrs 32 Mins
The Position
Insurance Actuarial Analysts analyze actuarial data to either establish or review insurance rates for appropriateness and compliance with statutes and regulations; review property/casualty or life/health rate filings to determine an insurance company's financial soundness; ensure that rates are commensurate with benefits; analyze actuarial data used in insurance company annual statements; and ensure compliance with State and federal insurance laws and regulations.
Incumbents function as first-line supervisors who train, supervise and evaluate the performance of assigned staff; assign and review work; and initiate disciplinary action.
This position is within the Department of Business & Industry/Division of Insurance/Property & Casualty Section located in Carson City, Nevada. The incumbent reviews complex rate, rule, and form filings for personal lines of insurance from P&C insurers in Nevada. These reviews include making determinations on whether rate proposals are adequate, excessive, or unfairly discriminatory. This position also conducts actuarial and statistical studies, analyzes legislation, drafts regulations and represents the Division at hearings, responds to requests from the Governor, Legislators, consumers, insurance industry representatives and other interested parties. Additionally, this position participates in market conduct examinations of insurance companies. The incumbent will be responsible for training assigned staff, as well as overseeing staff work assignments and reviews. Effective collaboration and communication with peers, co-workers, management, staff from various state agencies, members of the public, public officials, and vendors are essential for success in this position. Additionally, this role has a travel requirement of up to 25%, highlighting the need for flexibility and adaptability. *** THIS RECRUITMENT MAY CLOSE WITHOUT FURTHER NOTICE DEPENDING ON THE NUMBER OF APPLICATIONS RECEIVED. APPLICANTS ARE ENCOURAGED TO APPLY AS SOON AS POSSIBLE. ***
To see full Class Specifications visit: http://hr.nv.gov/Resources/ClassSpecs/Class_Specifications-7_0/
To Qualify
In order to be qualified, you must meet the following requirements:
Qualifications
Education and Experience (Minimum Qualifications) Bachelor's degree from an accredited college or university in actuarial science, statistics or mathematics, accounting, economics, and three years of experience in performing actuarial analysis that included interpretation and application of statutes and regulations pertaining to rate filings; resolving consumer complaints and responding to other inquiries; preparing written opinions and making presentations before a hearing body; or three years of experience in the preparation, analysis, application and review of rates and rating plans in a regulatory agency, insurance company or other rate setting organization; OR two years of experience as an Insurance Actuarial Analyst II in Nevada State service; OR an equivalent combination of experience and education as described above. Special Requirements A State of Nevada/FBI background check will be required of the selected applicant. This position has a 25% travel requirement. A valid driver's license or evidence of equivalent mobility at the time of appointment and for continuing employment. The Examination Application Evaluation Exam The exam will consist of an application evaluation. It is essential that applications include detailed information with time frames regarding education and experience. The most qualified applicants will be contacted by the hiring agency for interview. The hiring agency may require specific skills related testing as part of the interviewing process. INFORMATIONAL LINKS For more information about state employment, visit the following:
Division of Human Resource Management: http://hr.nv.gov
Public Employees Retirement System: http://www.nvpers.org
Public Employees Benefits Program: https://pebp.nv.gov/
More Benefits Information: http://nvjobs.nv.gov/Applicants/EB
REFER A FRIEND Help us reach qualified candidates! Refer a friend by clicking here:
Email Direct Inquiries or Correspondence to: Division of Human Resource Management
Northern Nevada
515 East Musser Street,
First Floor
Carson City, Nevada 89701-4204
