Actuary Iv - Austin, United States - Texas Department of Insurance

Texas Department of Insurance

Verified Company

Austin, United States

3 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

This position performs advanced and/or managerial (senior-level) actuarial work to support the strategic objectives. Work involves performing actuarial analysis and examination of reserves and other actuarial matters. May supervise the work of others. Works under mínimal supervision with considerable latitude for the use of initiative and independent judgment.

Essential functions (duties and responsibilities)

Perform actuarial analysis, including drafting summary reports, of principlesbased reserves, asset adequacy analysis, and other Valuation Manual requirements during targeted examinations of life and health companies.
Perform monitoring and document material developments for principlesbased reserves, asset adequacy analysis, and other Valuation Manual requirements between targeted examinations of life and health companies.
Perform actuarial analysis of specific transactions and agreements as needed to determine actuarial appropriateness, compliance with requirements, and appropriate financial statement presentation.
Review workpapers and reports prepared by others.
Participate in special projects as assigned such as assisting with development or revision of rules, legislation, actuarial guidelines, and Valuation Manual requirements.
Participate in comprehensive financial examinations of life & health companies and other related entities and prepare summaries to support examination reports and workpapers.
Provide feedback, support, and technical assistance to others as applicable.
Complete relevant continuing education, including meeting the minimum requirement to maintain actuarial credentials.
Perform other duties as assigned.

Unless specifically and expressly stated otherwise, regular attendance is an essential function of every TDI job.

Physical demands and working conditions

This job function requires:

Use of a computer.
Sitting for long periods of time.
Flexible, selfmotivated, and work independently with limited oversight and possess a sense of urgency.
Operating effectively in remote work environment.
Up to 25% travel.
Frequent written/oral communication and listening.

Performance standards

All performance standards will be measured by observation.

Establish and maintain positive, effective, and open communication with all levels of employees and the public.
Consistently exercise tact and courtesy during business interactions.
Follow established work schedule unless otherwise communicated to management.
Respond to inquiries within a timely manner.
Respond to requests for public information in accordance with the Texas Public Information Act and TDI's open records procedures.
Ethical and professional conduct as outlined in the agency's personnel policy.
Ensures work is performed according to agency standards.
Completes action items and provides accurate, clear, and concise work and other deliverables timely and error free.
Promotes and maintains a cooperative working relationship with all levels of management, coworkers, general public, and other stakeholders.
Promotes a continuous learning environment and demonstrates a willingness to assist peers.
Maintains required registration, license, or certification through attendance of appropriate professional training.
Analysis work and findings withstand legal scrutiny and are the basis for potential regulatory action and sanctions, including monetary penalties.

Job specifications

Education/experience required:

Graduation from an accredited fouryear college or university, preferably with a major in statistics, mathematics or actuarial science, insurance, or related field.
A minimum of four (4) years of relevant actuarial work experience.

Must be eligible for the bond-related provisions of Insurance Code Section and take the oath required by Insurance Code Section

Registration, license, or certification required:

Associate or Fellow with the Society of Actuaries and a member of the American Academy of Actuaries in good standing including maintaining required continuing education credits.

This position requires demonstrated knowledge of the following:

State laws, rules, procedures, and regulations relevant to job requirements.
Actuarial formulas, methods, procedures, professional guidance (ASOPs, Practice Notes, etc).
Relevant industry studies and data sources.
Regulatory requirements for life and health insurance.
Accounting and auditing principles.

This position requires demonstrated skill in the following:

Problem solving and critical thinking.
Using personal computers sufficient to enter and extract data from related systems and programs, such as Centralized Accounting Payroll and Personnel (CAPPS) and other systems required to perform the job.
Operating a motor vehicle in a safe and courteous manner in compliance with traffic laws.
Interpreting insurance laws, regulations, requirements, and