Insurance Actuary

2 months ago

Hartford, Connecticut, United States State of Connecticut Full time
Job Summary

We are seeking a highly skilled Insurance Actuary to join our team at the State of Connecticut Insurance Department. As an Insurance Actuary, you will play a crucial role in determining insurance rates, evaluating risks, and ensuring the financial stability of our insurance programs.

Key Responsibilities
  • Develop and maintain actuarial models to determine insurance rates and premiums.
  • Analyze and evaluate insurance risks and develop strategies to mitigate potential losses.
  • Monitor insurance program performance and provide recommendations for improvement.
  • Collaborate with cross-functional teams to ensure flawless execution of insurance programs.
  • Conduct research and analysis to support the development of new insurance products.
  • Offer actuarial expertise and guidance to management and other key individuals involved in the decision-making process.
Requirements
  • 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) year of the General Experience must have included experience setting insurance rates and/or reserves for insurance companies or health care centers.
Preferred Qualifications
  • Experience in Property and Casualty in actuarial pricing functions.
  • Experience with pricing and Reserving techniques of the actuarial standards of practice.
  • Experience with Property and Casualty insurance products.
  • Experience in reviewing rate filings or supporting actuarial rate-making functions.
  • Designation of Fellow of the Casualty Actuarial Society or Member of the American Academy of Actuaries (MAAA).
Special Requirements
  • An Associate membership, by examination, in a relevant actuarial society. For Property and Casualty, membership in the Casualty Actuarial Society is required. For Life and Health area, membership in the Society of Actuaries is required.
What We Offer
  • A competitive salary and benefits package.
  • The opportunity to work in a dynamic and fast-paced environment.
  • The chance to make a meaningful contribution to the State of Connecticut's insurance programs.

We are an equal opportunity employer and welcome applications from diverse candidates. If you are a motivated and detail-oriented individual with a passion for actuarial work, we encourage you to apply for this exciting opportunity.

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