Actuary 3 Position in Property
4 weeks ago
The Office of the Insurance Commissioner's (OIC) Property & Casualty Actuarial Services Unit is seeking a highly skilled actuary to fill a Lead Actuary 3 position in our Tumwater office.
Key Responsibilities- Conduct job analyses and identify duties for job descriptions of reporting positions.
- Develop performance expectations and conduct performance evaluations.
- Assign, plan, and check the work of property & casualty actuarial staff.
- Coach and instruct property & casualty actuarial staff.
- Conduct supervisory fact-findings into alleged misconduct and/or performance deficiencies.
- Determine if an employee has successfully passed their probationary or trial service period.
- Review and analyze filed rates and detailed supporting information submitted by property & casualty insurers.
- Determine whether insurers' filed rates meet the requirements of Washington state law, and where applicable, federal law.
- Compose detailed objection letters to filers, noting where filings lack sufficient supporting information, where work is not actuarially sound, and where proposed rates would violate Washington or federal law.
- Take final action (approval/disapproval) on rate filings.
- Fourteen (14) years of property & casualty actuarial experience with 3+ years in a supervisory or lead actuary role.
- An associate degree and twelve (12) years of property & casualty actuarial experience with 3+ years in a supervisory or lead actuary role.
- A bachelor's degree and ten (10) years of property & casualty actuarial experience with 3+ years in a supervisory or lead actuary role.
- A master's degree and eight (8) years of property & casualty actuarial experience with 3+ years in a supervisory or lead actuary role.
- Experience analyzing and interpreting Washington Title 48 RCW and Title 284 WAC.
- Previous experience in insurance regulatory compliance.
- Member of the American Academy of Actuaries.
- Experience with predictive modeling, such as GLMs and tree-based models.
- Experience supervising other supervisory level staff.
- Washington State offers one of the most competitive benefits packages in the nation.
- A great selection of health and retirement plans, paid leave, and compensation benefits for you and your family.
- Wellness programs, dependent care assistance, and Washington State Employee Assistance Program.
- Federal Social Security and Medicare systems.
- Additional Leave; Leave Sharing, Parental Leave, Family and Medical Leave Act (FMLA), Leave Without Pay.
- Deferred Compensation (supplemental retirement plan).
- Training and development opportunities, including tuition reimbursement.
- Program for Public Service Loan Forgiveness (if applicable).
- Free parking at our main office in Tumwater.
- A stable funding source that does not rely on the state's general fund.
- The fulfillment of public service.
- Excellent work-life balance.
- Flexible work schedules and telework opportunities.
- Commitment to diversity in the workplace and support one another with respect and trust.
- Free Thurston County Transit public transportation.
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