What are the responsibilities and job description for the Actuarial Analyst - Administration - PEIA - Kanawha Co. position at State of West Virginia?
Nature of Work
Examples of Work
Join the exciting team of PEIA as our Actuarial Analyst. Apply advanced level mathematical, statistical and actuarial methods in the performance of actuarial functions. This is an important role in working for all state agencies, county board of education, colleges and universities, and participating non-state agencies. You will work with the contracted actuary firm for the PEIA/RHBT Finance Board.
Assist in reserving analysis for PEIA and RHBT ‘s plans using actuarial tools
Support actuarial reporting, ensuring accuracy and quality in data analysis.
Provide analytical support for pricing evaluations and rate setting.
Contribute to program reviews and assist in analyzing new plan opportunities.
Collaborate with other teams to enhance data-driven decision making and support actuarial data needs
Participate in data development projects, improving internal databases and analytical capabilities.
Engage in special projects and initiatives as assigned.
Develops and prepares actuarial analysis of rates and rating plans for PEIA and RHBT; prepares formal recommendations concerning changes in rates and rating plans based on such analyses.
Prepares correspondence, reports and required exhibits in connection with required reporting of the plans, including necessary follow-up when such reports are questioned, challenged or otherwise not promptly approved as submitted.
Performs special actuarial projects as assigned.
Performs calculations for the establishment of IBNR (incurred but not reported) loss reserves for PEIA and RHBT.
Click The APPLY Link To Apply Online.
IMPORTANT: Your eligibility will be based on information provided in your resume or application; therefore, make sure your resume or application is detailed and complete. You MUST complete ALL parts of the application OR upload a resume to your submission.
ATTENTION: Applicant must verify post high school education by submitting an official transcript or diploma, training or licensure earned pertaining to this position by the closing date of the posting, if not previously verified. If you are claiming Veterans preference, please submit "MEMBER 4" form and/or your VA Letter. Protecting your personal information is our highest priority. If your official transcript, training/licensure, or Veterans documentation contains your Social Security Number and/or birthdate, please redact that information before submitting it to the Division of Personnel.
Please attach documents to the online application before submitting it. Or, you may email it to: applicantservices@wv.gov or by mail to: WV Division of Personnel, 1900 Kanawha Blvd. E., Building 3, Suite 500, Charleston, WV 25305.
Be sure to submit your application for each position of interest. To receive an email notice anytime jobs in this or other categories are posted, you may choose to complete a Job Interest Card from the slide-out menu located at the top left of our Job Opportunities page.
Minimum Qualifications
Education: Bachelor's degree from a regionally accredited college or university.
Experience: 1-3 years full-time or equivalent part-time paid experience related to mathematics, statistics, actuarial science, business administration, economics, finance, insurance, accounting, or a related field.
Education & Experience Substitution: N/A
Certificates, Licenses, Registrations: Some positions may require the completion of an exam in the area of assignment.
For the Public Employees Insurance Agency Special Requirement: Completion of an examination in the area of assignment sponsored by the Society of Actuaries or, upon appointment, incumbent will be required to begin an examination track sponsored by the Society of Actuaries related to the area of assignment.
01
The minimum qualifications for this job title are: Education: Bachelor's degree from an accredited college or university. Experience: 1-3 years full-time or equivalent part-time paid experience related to mathematics, statistics, actuarial science, business administration, economics, finance, insurance, accounting, or a related field. Education & Experience Substitution: N/A Certificates, Licenses, Registrations: Some positions may require the completion of an exam in the area of assignment. For the Public Employees Insurance Agency Special Requirement: Completion of an examination in the area of assignment sponsored by the Society of Actuaries or, upon appointment, incumbent will be required to begin an examination track sponsored by the Society of Actuaries related to the area of assignment. Please note: All college, university or vocational school education, licensure or certification must be verified by attaching a copy of an official transcript, license, or certificate to your online application or by emailing it to the West Virginia Division of Personnel at: applicantservices@wv.gov Job duty descriptions of all experience MUST be included in the Work History section of your online application or be clearly stated on your attached resume in order for them to be considered as qualifying experience toward the minimum qualifications. Please include details of daily job duties on your online application or resume. Do you meet the minimum qualifications for this job title?
In addition to your Bachelor's degree, how many total years of full-time or equivalent part-time paid experience do you have related to mathematics, statistics, actuarial science, business administration, economics, finance, insurance, accounting, or a related field?
Certificates, Licenses, Registrations: Some positions may require the completion of an exam in the area of assignment: For the Public Employees Insurance Agency Special Requirement: Completion of an examination in the area of assignment sponsored by the Society of Actuaries or, upon appointment, incumbent will be required to begin an examination track sponsored by the Society of Actuaries related to the area of assignment. Please check the box below indicating that you have read this statement.
If you have a degree from an accredited college or university, please enter the following information: the degree you earned, the major/field of study, the date on which you graduated, and the school you graduated from. For example: Bachelor of Science in Business Administration (Concentration in Accounting) 12/09/2023 West Virginia State University If you have successfully completed semester/quarter hours from an accredited college or university, please enter the following information: the number of semester/quarter hours you have earned, the date(s) you attended, and the school(s) you attended. For example: 36 semester hours Spring 2021 through Fall 2021 Marshall University If you have vocational school training or similar, please enter the following information: the number of clock hours or credits earned and/or the certificate(s) or diploma(s) you have earned (including your major/field of study), the date(s) you graduated, and the school(s) you attended. For example: 580 Clock Hours in Arc Welding from Ben Franklin Career Center May 2023 If you have other training, education, certification, and/or licensure that you would like to document (including but not limited to: West Virginia Professional Engineering License, Certified Public Accountant, Comp TIA A or Network certification, Certified Nursing Assistant, etc.) please enter that information here. If you do not have any of the above training or education, please type "NONE" here. PLEASE NOTE: IF YOU ANSWERED "SOME COLLEGE" OR "TECHNICAL COLLEGE" AS YOUR HIGHEST LEVEL OF EDUCATION IN THE PREVIOUS PORTION OF THIS APPLICATION, THEN DO NOT LEAVE THIS AREA BLANK OR TYPE "NONE". IF YOU INDICATED THAT YOU HAVE "SOME COLLEGE" OR "TECHNICAL COLLEGE" , YOU SHOULD ENTER THE NUMBER OF SEMESTER HOURS OR CLOCK HOURS THAT YOU HAVE AND PROVIDE DETAILS OF WHERE YOU WENT TO SCHOOL AND WHEN; OTHERWISE, PLEASE GO BACK AND CHANGE YOUR PREVIOUS ANSWER TO "HIGH SCHOOL".
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We do not accept any of the following documentation. These will not be utilized during the application process. This documentation will not be reviewed or accepted. 1) Unofficial transcripts 2) High School Diplomas/transcripts 3) Unrelated documents not pertaining to the position for which you are applying 4) Any international degree that has not been evaluated by a N.A.C.E.S. (National Association of Credential Evaluation Services) approved organization. For more information, please visit: https://www.naces.org/members Please do not attach any of the above documentation to your application, nor send it to the Division of Personnel via email or regular mail. I have read and understand this statement pertaining to my application.
Were all of the jobs listed on your application or resume full-time positions? If not, please list your part-time positions below. If all of your jobs were full-time, please enter "Yes".
07
Were all of the jobs listed on your online application or resume paid? Please note that compensation may not only be salary or wages; it may also be room and board, gas mileage, etc.
If you answered NO to the above question, please list below the names of the employers for which you did not receive compensation. If you answered YES to the above question, please put NONE.
09
Confirmation. By submitting my application I confirm and agree that all application statements are correct. I further understand that all my information is subject to verification and any misrepresentation is grounds for permanent disqualification.
Examples of Work
Join the exciting team of PEIA as our Actuarial Analyst. Apply advanced level mathematical, statistical and actuarial methods in the performance of actuarial functions. This is an important role in working for all state agencies, county board of education, colleges and universities, and participating non-state agencies. You will work with the contracted actuary firm for the PEIA/RHBT Finance Board.
Assist in reserving analysis for PEIA and RHBT ‘s plans using actuarial tools
Support actuarial reporting, ensuring accuracy and quality in data analysis.
Provide analytical support for pricing evaluations and rate setting.
Contribute to program reviews and assist in analyzing new plan opportunities.
Collaborate with other teams to enhance data-driven decision making and support actuarial data needs
Participate in data development projects, improving internal databases and analytical capabilities.
Engage in special projects and initiatives as assigned.
Develops and prepares actuarial analysis of rates and rating plans for PEIA and RHBT; prepares formal recommendations concerning changes in rates and rating plans based on such analyses.
Prepares correspondence, reports and required exhibits in connection with required reporting of the plans, including necessary follow-up when such reports are questioned, challenged or otherwise not promptly approved as submitted.
Performs special actuarial projects as assigned.
Performs calculations for the establishment of IBNR (incurred but not reported) loss reserves for PEIA and RHBT.
Click The APPLY Link To Apply Online.
IMPORTANT: Your eligibility will be based on information provided in your resume or application; therefore, make sure your resume or application is detailed and complete. You MUST complete ALL parts of the application OR upload a resume to your submission.
ATTENTION: Applicant must verify post high school education by submitting an official transcript or diploma, training or licensure earned pertaining to this position by the closing date of the posting, if not previously verified. If you are claiming Veterans preference, please submit "MEMBER 4" form and/or your VA Letter. Protecting your personal information is our highest priority. If your official transcript, training/licensure, or Veterans documentation contains your Social Security Number and/or birthdate, please redact that information before submitting it to the Division of Personnel.
Please attach documents to the online application before submitting it. Or, you may email it to: applicantservices@wv.gov or by mail to: WV Division of Personnel, 1900 Kanawha Blvd. E., Building 3, Suite 500, Charleston, WV 25305.
Be sure to submit your application for each position of interest. To receive an email notice anytime jobs in this or other categories are posted, you may choose to complete a Job Interest Card from the slide-out menu located at the top left of our Job Opportunities page.
Minimum Qualifications
Education: Bachelor's degree from a regionally accredited college or university.
Experience: 1-3 years full-time or equivalent part-time paid experience related to mathematics, statistics, actuarial science, business administration, economics, finance, insurance, accounting, or a related field.
Education & Experience Substitution: N/A
Certificates, Licenses, Registrations: Some positions may require the completion of an exam in the area of assignment.
For the Public Employees Insurance Agency Special Requirement: Completion of an examination in the area of assignment sponsored by the Society of Actuaries or, upon appointment, incumbent will be required to begin an examination track sponsored by the Society of Actuaries related to the area of assignment.
- The Division of Personnel uses your complete work history to qualify you for positions. Please be as detailed as possible and list all of your past employment.***
01
The minimum qualifications for this job title are: Education: Bachelor's degree from an accredited college or university. Experience: 1-3 years full-time or equivalent part-time paid experience related to mathematics, statistics, actuarial science, business administration, economics, finance, insurance, accounting, or a related field. Education & Experience Substitution: N/A Certificates, Licenses, Registrations: Some positions may require the completion of an exam in the area of assignment. For the Public Employees Insurance Agency Special Requirement: Completion of an examination in the area of assignment sponsored by the Society of Actuaries or, upon appointment, incumbent will be required to begin an examination track sponsored by the Society of Actuaries related to the area of assignment. Please note: All college, university or vocational school education, licensure or certification must be verified by attaching a copy of an official transcript, license, or certificate to your online application or by emailing it to the West Virginia Division of Personnel at: applicantservices@wv.gov Job duty descriptions of all experience MUST be included in the Work History section of your online application or be clearly stated on your attached resume in order for them to be considered as qualifying experience toward the minimum qualifications. Please include details of daily job duties on your online application or resume. Do you meet the minimum qualifications for this job title?
- Yes, I have a Bachelor's degree (or higher) from an accredited college or university *AND* at least one (1) year of full-time or equivalent part-time paid experience related to mathematics, statistics, actuarial science, business administration, economics, finacne, insurance, accounting, or a related field.
- No, I do not meet this education and experience requirement. Please do not apply.
In addition to your Bachelor's degree, how many total years of full-time or equivalent part-time paid experience do you have related to mathematics, statistics, actuarial science, business administration, economics, finance, insurance, accounting, or a related field?
- I have less than one (1) year of paid experience related to mathematics, statistics, actuarial science, business administration, economics, finance, insurance, accounting, or a related field. Please do not apply.
- I have one (1) to less than two (2) years of paid experience related to mathematics, statistics, actuarial science, business administration, economics, finance, insurance, accounting, or a related field.
- I have two (2) to less than three (3) years of paid experience related to mathematics, statistics, actuarial science, business administration, economics, finance, insurance, accounting, or a related field.
- I have three (3) or more years of paid experience related to mathematics, statistics, actuarial science, business administration, economics, finance, insurance, accounting, or a related field.
Certificates, Licenses, Registrations: Some positions may require the completion of an exam in the area of assignment: For the Public Employees Insurance Agency Special Requirement: Completion of an examination in the area of assignment sponsored by the Society of Actuaries or, upon appointment, incumbent will be required to begin an examination track sponsored by the Society of Actuaries related to the area of assignment. Please check the box below indicating that you have read this statement.
- I have read the statement above and am aware that incumbents should either have completion of an examination in the area of assignment sponsored by the Society of Actuaries or, upon appointment, incumbents will be required to begin an examination track sponsored by the Society of Actuaries related to the area of assignment.
If you have a degree from an accredited college or university, please enter the following information: the degree you earned, the major/field of study, the date on which you graduated, and the school you graduated from. For example: Bachelor of Science in Business Administration (Concentration in Accounting) 12/09/2023 West Virginia State University If you have successfully completed semester/quarter hours from an accredited college or university, please enter the following information: the number of semester/quarter hours you have earned, the date(s) you attended, and the school(s) you attended. For example: 36 semester hours Spring 2021 through Fall 2021 Marshall University If you have vocational school training or similar, please enter the following information: the number of clock hours or credits earned and/or the certificate(s) or diploma(s) you have earned (including your major/field of study), the date(s) you graduated, and the school(s) you attended. For example: 580 Clock Hours in Arc Welding from Ben Franklin Career Center May 2023 If you have other training, education, certification, and/or licensure that you would like to document (including but not limited to: West Virginia Professional Engineering License, Certified Public Accountant, Comp TIA A or Network certification, Certified Nursing Assistant, etc.) please enter that information here. If you do not have any of the above training or education, please type "NONE" here. PLEASE NOTE: IF YOU ANSWERED "SOME COLLEGE" OR "TECHNICAL COLLEGE" AS YOUR HIGHEST LEVEL OF EDUCATION IN THE PREVIOUS PORTION OF THIS APPLICATION, THEN DO NOT LEAVE THIS AREA BLANK OR TYPE "NONE". IF YOU INDICATED THAT YOU HAVE "SOME COLLEGE" OR "TECHNICAL COLLEGE" , YOU SHOULD ENTER THE NUMBER OF SEMESTER HOURS OR CLOCK HOURS THAT YOU HAVE AND PROVIDE DETAILS OF WHERE YOU WENT TO SCHOOL AND WHEN; OTHERWISE, PLEASE GO BACK AND CHANGE YOUR PREVIOUS ANSWER TO "HIGH SCHOOL".
05
We do not accept any of the following documentation. These will not be utilized during the application process. This documentation will not be reviewed or accepted. 1) Unofficial transcripts 2) High School Diplomas/transcripts 3) Unrelated documents not pertaining to the position for which you are applying 4) Any international degree that has not been evaluated by a N.A.C.E.S. (National Association of Credential Evaluation Services) approved organization. For more information, please visit: https://www.naces.org/members Please do not attach any of the above documentation to your application, nor send it to the Division of Personnel via email or regular mail. I have read and understand this statement pertaining to my application.
- Yes
- No
Were all of the jobs listed on your application or resume full-time positions? If not, please list your part-time positions below. If all of your jobs were full-time, please enter "Yes".
07
Were all of the jobs listed on your online application or resume paid? Please note that compensation may not only be salary or wages; it may also be room and board, gas mileage, etc.
- Yes
- No
If you answered NO to the above question, please list below the names of the employers for which you did not receive compensation. If you answered YES to the above question, please put NONE.
09
Confirmation. By submitting my application I confirm and agree that all application statements are correct. I further understand that all my information is subject to verification and any misrepresentation is grounds for permanent disqualification.
- I confirm the above statement.
- Required Question
