Life and Health Insurance Actuary 1

Full Job Description

Are you looking for an opportunity to showcase your actuarial experience? If so, take your career up a notch with the Pennsylvania Insurance Department as a Life and Health Insurance Actuary 1. This position gives you the chance to apply your knowledge of actuarial and statistical principles as you analyze and evaluate actuarial data, insurance rates, rating procedures, rating plans, and schedules. Apply today to experience the satisfaction of public service while achieving professional career growth with the Actuarial Review Division!

Requirements

As a Life and Health Insurance Actuary 1, you will be responsible for analyzing and evaluating life, accident, and/or health (L&H) rate filings, to ensure that proposed rates are not excessive, inadequate, or unfairly discriminatory and that the filings comply with applicable federal and state laws. Work involves verifying consistency of pricing and product design, providing initial reviews of rates, reviewing calculations of nonforfeiture values, and determining if reserves are computed using sound actuarial principles and comply with minimum statutory requirements. Effective communication is key as you will be corresponding with insurers to obtain information, request revisions, and identify potential federal or state law violations as it pertains to rates. You may also assist with reviewing, preparing, or researching information needed for bulletin publication, testimony, legislation, policy, and department regulations as it pertains to L&H insurance.

Bring your analytical skills to our team and unleash your potential!

Interested in learning more? Additional details regarding this position can be found in the position description.

Work Schedule and Additional Information:

• Full-time employment
• Work hours are 8:00 AM to 4:30 PM, Monday - Friday, with a 60-minute lunch.

Telework: You may have the opportunity to work from home (telework) part-time, up to 3 days per week.

In order to telework, you must have a securely configured high-speed internet connection and work from an approved location inside Pennsylvania.

If you are unable to telework, you will have the option to report to the headquarters office in Harrisburg. The ability to telework is subject to change at any time.

Additional details may be provided during the interview.

• Salary: Selected candidates who are new to employment with the Commonwealth of Pennsylvania will begin employment at the starting annual salary of $77,379.00 (before taxes).
• You will receive further communication regarding this position via email. Check your email, including spam/junk folders, for these notices.

Qualifications

QUALIFICATIONS

Minimum Experience and Training Requirements:

• Successful completion of four parts of the Society of Actuaries actuarial examination program, or three years of actuarial experience in life and/or accident and health insurance; and a bachelor's degree with major course work in mathematics or statistics; or
• Any equivalent combination of experience and training.

Other Requirements:

• You must meet the PA residency requirement. For more information on ways to meet PA residency requirements, follow the link and click on Residency.
• You must be able to perform essential job functions.

How to Apply:

Resumes, cover letters, and similar documents will not be reviewed, and the information contained therein will not be considered for the purposes of determining your eligibility for the position.

Information to support your eligibility for the position must be provided on the application (i.e., relevant, detailed experience/education).

If you are claiming education in your answers to the supplemental application questions, you must attach a copy of your college transcripts for your claim to be accepted toward meeting the minimum requirements. Unofficial transcripts are acceptable.

Your application must be submitted by the posting closing date. Late applications and other required materials will not be accepted.

Failure to comply with the above application requirements may eliminate you from consideration for this position.

Veterans:

• Pennsylvania law (51 Pa. C.S. §7103) provides employment preference for qualified veterans for appointment to many state and local government jobs. To learn more about employment preferences for veterans, go to www.pa.gov/agencies/employment/how-to-apply.html and click on Veterans.

Telecommunications Relay Service (TRS):

• 711 (hearing and speech disabilities or other individuals).

If you are contacted for an interview and need accommodations due to a disability, please discuss your request for accommodations with the interviewer in advance of your interview date.

The Commonwealth is an equal employment opportunity employer and is committed to a diverse workforce.

The Commonwealth values inclusion as we seek to recruit, develop, and retain the most qualified people to serve the citizens of Pennsylvania.

The Commonwealth does not discriminate on the basis of race, color, religious creed, ancestry, union membership, age, gender, sexual orientation, gender identity or expression, national origin, AIDS or HIV status, disability, or any other categories protected by applicable federal or state law.

All diverse candidates are encouraged to apply.

Additional Information

• Completing the application, including all supplemental questions, serves as your exam for this position. No additional exam is required at a test center (also referred to as a written exam).
• Your score is based on the detailed information you provide on your application and in response to the supplemental questions.
• Your score is valid for this specific posting only.
• You must provide complete and accurate information or:
  • your score may be lower than deserved.
  • you may be disqualified.
• You may only apply/test once for this posting.
• Your results will be provided via email.