What are the responsibilities and job description for the INSURANCE ACTUARIAL ANALYST 1 - UNDERFILL position at State of Nevada?
INSURANCE ACTUARIAL ANALYST 1 - UNDERFILL - Requisition ID: 19354
Recruitment Type: Open Competitive
Posting Close Date: 6/9/2023
Geographical Location: Carson, Minden, Gardnerville, Genoa
Department: DEPARTMENT OF BUSINESS AND INDUSTRY
Division: B&I - INSURANCE DIVISION
Business Unit: HR-INSURANCE REGULATION
Work Type: PERMANENT
- Pay Grade: GRADE 37
Salary Range: $56,522.16 - $84,229.92
Full-Time/Part-Time: Full Time
Recruiter: DARRELL MORLAN
Phone: 775 684-0126
Email: Darrell.Morlan@admin.nv.gov
Position Description
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.
This position is within the Division of Insurance, Product Compliance Section. The work location is in Carson City, Nevada. Insurance Actuarial Analysts analyze actuarial data to either establish or review insurance rates for appropriateness and compliance with statutes and regulations; review product compliance 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.
The key duties include serving as a point of contact for the Division on a variety of matters related to insurance regulated by the Product Compliance section including but not limited to rate and form filings, and work collaboratively and communicate effectively with peers, co-workers, management, staff from various state agencies, members of the public, public officials, and vendors. Please attach any insurance related credentials and designations with your on-line application if applicable. This position has a travel requirement of up to 15%. Nevada offers sunshine and recreational opportunities including golfing, biking, off-roading, hiking, skiing, and fishing. Nevada's landscape and economy are a few reasons to join the Silver State workforce! Additional benefits include: medical, dental, life and disability insurance programs; participation in the public employees' retirement plan; 11 paid holidays; and accrual of 3 weeks of annual and 3 weeks of sick leave each year.
The State of Nevada is committed to Equal Employment Opportunity/Affirmative Action in recruitment of its employees and does not discriminate on the basis of race, color, national origin, religion or belief, age, disability, sex, sexual orientation, gender identity or expression, pregnancy, domestic partnership, genetic information (GINA), or compensation and/or wages.
To view full class specifications, visit: https://hr.nv.gov/uploadedFiles/hrnvgov/Content/Resources/ClassSpecs/70/07-706spc(1).pdf
Minimum Qualifications
- Bachelor’s degree from an accredited college or university with major work in actuarial science, mathematics, statistics, accounting, economics, or insurance and one year of experience which included the preparation, analysis, application and review of rates and rating plans; OR an equivalent combination of experience and education as described above.
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 Notes
- Passing two Actuarial examinations offered by a recognized actuarial society is considered equivalent to one year of experience.
- Certain insurance-related credentials and designations as identified by the hiring agency may count toward satisfying the experience requirement.
Special Requirements
This recruitment may close at any time based on the number of applications received. Qualified applicants are encouraged to apply as soon as possible.
- The salary range indicated in this announcement is based on the Employee/Employer retirement compensation schedule. An employer-only option is available at a reduced salary range.
The State of Nevada is committed to Equal Employment Opportunity/Affirmative Action in recruitment of its employees and does not discriminate on the basis of race, color, national origin, religion or belief, age, disability, sex, sexual orientation, gender identity or expression, pregnancy, domestic partnership, genetic information (GINA), or compensation and/or wages.
Salary : $56,522 - $84,230
