INSURANCE ACTUARIAL ANALYST II
- PENDING POSTING APPROVAL OF 12/18/14
APPROXIMATE ANNUAL SALARY -
$54,204.48 to
$81,139.68
PAY GRADE: 39
For more information on benefit and retirement programs, please see the sections below.
In order to receive consideration, applicants must indicate their availability for any work type, travel, and location requirements listed.
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.
The advertised Insurance Actuarial Analyst II position is located in Carson City, NV and works within the Department of Business and Industry/Insurance Division/Life & Health Section. The incumbent reviews complex rate, rule and form filings for all types of Life & Health Insurance products including health benefit plans, life insurance products, annuities, dental, vision, etc. These reviews include making determinations on whether or not rate proposals are inadequate, not excessive and not unfairly discriminatory. This position also conducts actuarial and statistical studies, analyzes legislation, drafts regulations and represents the Division at hearings, responds to requests from the Governor, Legislators, consumers, insurance industry representatives and other interested parties. Additionally, this position participates in market conduct examinations of insurance companies. NOTE: Per NV State Legislature, State of Nevada Classified employees are subject to a mandatory unpaid furlough requirement of 48 hours per year through June 30, 2015.
In order to be qualified, you must meet the following requirements:
Education and Experience (Minimum Qualifications)
Bachelor's degree from an accredited college or university in actuarial science, statistics or mathematics, accounting, economics and two years of experience in performing actuarial analysis that included interpretation and application of statutes and regulations pertaining to rate filings; resolving consumer complaints and responding to other inquires; preparing written opinions and making presentations before a hearing body; and two years of experience in the preparation, analysis, application and review of rates and rating plans in a regulatory agency, insurance company or other rate setting organization; OR an equivalent combination of experience and education; OR two years of experience as an Insurance Actuarial Analyst I in Nevada State service.
Special Notes
Passing two Actuarial examinations offered by a recognized actuarial society is considered equivalent to one year of experience.
Please attach a copy of any Actuarial examinations to your online application.
Certain insurance-related credentials and designations as identified by the hiring agency may count toward satisfying the experience requirement.
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.
