APPROXIMATE ANNUAL SALARY -
PAY GRADE: 41
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.
Incumbents function as first-line supervisors who train, supervise and evaluate the performance of assigned staff; assign and review work; and initiate disciplinary action.
THIS RECRUITMENT MAY CLOSE PRIOR TO THE POSTED CLOSING DATE DEPENDING ON THE AMOUNT OF APPLICATIONS RECEIVED. APPLICANTS ARE ENCOURAGED TO APPLY AS SOON AS POSSIBLE.
The Actuarial Analyst 3 position is with the Department of Business and Industry, Nevada Division of Insurance, Life and Health Section in Carson City. Duties include analysis of actuarial data to determine the appropriateness of proposed insurance rate and the compliance of those rates with Nevada statutes and regulations and supervision of assigned Actuarial Analyst staff. Incumbents are responsible for the review of complex life/health rate filings to determine an insurance company's financial position; ensure that rates are commensurate with benefits; analyze actuarial data used in insurance company annual statements; ensure compliance with state and federal laws and regulations; conduct actuarial and statistical studies; provide analysis for consulting actuary's report; conduct studies that may involve research, statistical sampling project development and recommendations; analyze premium rate requests; supervise Insurance Actuarial Analyst staff as assigned by section Chief; and other duties as required
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 three 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 inquiries; preparing written opinions and making presentations before a hearing body; or three 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 two years of experience as an Insurance Actuarial Analyst II in Nevada State service; OR an equivalent combination of experience and education as described above.
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.
A State of Nevada/FBI background check will be required of the selected applicant.
This position has a 25% travel requirement.
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.