State of Connecticut · 1 day ago
Insurance Actuary #251231-0051AR-001
Hartford, CT
Full-time
Hybrid
Senior Level, Lead/Staff
8+ years expThe State of Connecticut is seeking an Insurance Actuary within the Actuarial Insurance Division. This role involves conducting analytical studies of insurance and health care rate filings, providing consulting services, and reviewing insurance reserves and rating plans.
Government Administration
Responsibilities
Conducts analytical studies of insurance and health care center rate filings, rating plans and various special programs (such as experience rating, retrospective rating, and participating programs) and recommends action
Conducts and reviews periodical examinations of rating organizations
Reviews rates, rating plans, and self-insurance program
Provides consulting service with respect to the approval or disapproval of requests made by insurance companies and rating organizations for changes in rates and rating plans
Initiates recommendations with respect to improvements in rating plans and techniques
Participates in Department hearings in connection with appeals of insureds regarding classifications and other rating matters
Reviews insurance and health care reserves including cash flow testing of liabilities and asset adequacy testing
Reviews reinsurance agreements
Supervises the handling of complaints and inquiries concerning rates and related matters from the public, insurance companies, agents, brokers and rating organizations
Serves as advisor on actuarial and related matters
Prepares accurate and comprehensive reports containing findings, conclusions and recommendations
Participates in committees
May participate in technical and professional conferences
May review an insurer’s loss experience
Performs related duties as required
Qualification
Required
Eight (8) years of experience as an actuary with an insurance company, an insurance regulatory agency, or in a consulting actuary's office performing actuarial insurance work
One (1) years of the General Experience must have included experience setting insurance rates and/or reserves for insurance companies or health care centers
Considerable knowledge of relevant federal and state laws and regulations pertaining to insurance companies
Considerable knowledge of actuarial principles, standards and methods
Considerable knowledge of statistical methods and computer models as they relate to insurance rates and rating procedures
Knowledge of the operation of relevant insurance programs
Knowledge of the methods used by other states in the regulation of insurance companies
Knowledge of relevant insurance coverages, rates, rating plans and special programs
Knowledge of insurance company financial statements
Considerable interpersonal skills
Considerable oral and written communication skills
Supervisory ability
An Associate membership, by examination, in a relevant actuarial society
Preferred
Experience managing projects with deadlines
Experience with Health reserving techniques and actuarial standards of practice
Familiar with office working environment
Designation of Fellow of the Society of Actuaries (FSA), Fellow of the Casualty Actuarial Society or Member of the American Academy of Actuaries (MAAA)
Benefits
Professional growth and development opportunities
A healthy work/life balance to all employees
Company
State of Connecticut
The State of Connecticut – Executive Branch employs thousands of dedicated professionals, committed to providing a safe and thriving environment for our community, and visitors.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Heidi B. Pugliese MSN, RN
Chief Executive Officer
Nicole Hernandez
Regional Chief Operating Officer
Company data provided by crunchbase