What are the responsibilities and job description for the Insurance Actuarial Analyst 3 position at State of Ohio Jobs?
What You'll Do:
Your Key Responsibilities include but are not limited to the following:
- Analyzing complex Property and Casualty Insurance rate filings for reasonableness of rate structure and determine if rates are adequate, not excessive, nor unfairly discriminatory according to sound actuarial principles, while ensuring compliance of rates with applicable state and federal laws and policies;
- Notifying insurance companies of compliance issues with their rates, providing necessary information to the filers, and approving rates for use in Ohio;
- Researching and understanding relevant compliance requirements;
- Creating and maintaining compliance review tools and providing analysis of data; and
- Provide direction, training, and peer reviews of work completed by lower level insurance actuarial analysts.
What’s in it for you:
Unless required by legislation or union contract, the final candidate can expect to be paid at the lowest step in the pay range (step 1). As an Insurance Actuarial Analyst 3, you will receive a raise after six (6) months and yearly step increases until you reach the top level of the pay range. There may also be possible cost of living adjustments (COLA) and longevity supplements begin after five (5) years of state service.
At the State of Ohio, we take care of the team that cares for Ohioans. We provide a variety of quality, competitive benefits to eligible full-time and part-time employees. For a list of all the State of Ohio Benefits, visit our Total Rewards website!
At the State of Ohio, we take care of the team that cares for Ohioans. We provide a variety of quality, competitive benefits to eligible full-time and part-time employees*. For a list of all the State of Ohio Benefits, visit our Total Rewards website! Our benefits package includes:
- Medical Coverage
- Free Dental, Vision and Basic Life Insurance premiums after completion of eligibility period
- Paid time off, including vacation, personal, sick leave and 11 paid holidays per year
- Childbirth, Adoption, and Foster Care leave
- Education and Development Opportunities (Employee Development Funds, Public Service Loan Forgiveness, and more)
- Public Retirement Systems (such as OPERS, STRS, SERS, and HPRS) & Optional Deferred Compensation (Ohio Deferred Compensation)
- Benefits eligibility is dependent on a number of factors. The Agency Contact listed above will be able to provide specific benefits information for this position.
Completion of undergraduate core program in mathematics; completion of 3 CAS examinations for positions in Property & Casualty Division or 3 SOA examinations for positions in Life & Health Division or Managed Care Division or 3 CAS or 3 SOA examinations for positions in Financial Regulation Division; 4 yrs. exp. in actuarial field pertinent to assigned division (i.e., for positions in Managed Care Division, exp. must be in managed care field; for positions in Property & Casualty Division, exp. must be in property & casualty field; for positions in Life & Health Division, exp. must be in life & health field; for positions in Financial Regulation Division, exp. may be of any type); 24 mos. exp. in operation of personal computer.
Job Skills: Insurance
Application Procedures:
When completing the different sections of this application, be sure to clearly describe how you meet the minimum qualifications outlined in this job posting. We cannot give you credit for your Work Experience and Education & Certifications if you do not provide that information in your online application. Information in attached resumes or cover letters must be entered into your application in the appropriate Work Experience or Education & Certification sections to be considered.
Status of Posted Positions:
You can check the status of your application online by signing into your profile. Jobs you applied for will be listed. The application status is shown to the right of the position title and application submission details. Questions about the position not pertaining to your application status can be directed to: Kim Lowry @ 614-644-2681.
Applicants must be currently authorized to work in the United States on a full-time basis.
Reasonable Accommodation:
ODI does not discriminate on the basis of disability in its hiring or employment practices and complies with the ADA employment regulations. Applicants with questions about access or requiring a reasonable accommodation for any part of the application or hiring process should contact the agency Human Resource Offices’ ADA Coordinator, Andrew Skal, by emailing Andrew.Skal@insurance.ohio.gov or calling 614-644-3264. Otherwise, you will be given specific instructions on requesting an accommodation if you are invited to participate in a structured interview.
Background Check Information:
The final candidate selected for this position will be required to undergo a criminal background check, state income tax check and drug test. An applicant with a positive test result will not be offered employment.
ADA Statement
Ohio is a Disability Inclusion State and strives to be a model employer of individuals with disabilities. The State of Ohio is committed to providing access and inclusion and reasonable accommodation in its services, activities, programs and employment opportunities in accordance with the Americans with Disabilities Act (ADA) and other applicable laws.
Drug-Free WorkplaceThe State of Ohio is a drug-free workplace which prohibits the use of marijuana (recreational marijuana/non-medical cannabis). Please note, this position may be subject to additional restrictions pursuant to the State of Ohio Drug-Free Workplace Policy (HR-39), and as outlined in the posting.
