Actuary - UNCL

Salary: $110,000.00 - $150,000.00 Annually
Location : Baton Rouge, LA
Job Type: Unclassified
Job Number: DOI-2024-02
Department: Insurance-Commissioner of Insurance
Opening Date: 02/02/2024
Closing Date: 5/2/2024 11:59 PM Central
Supplemental Information
This vacancy is located in the Office of Financial Solvency and is an Unclassified position. Depending on experience, annual salary is $110,000 - $150,000.
Join a dynamic actuarial team within a traditional and supportive work environment.
The position will support all Life and Health insurance business, with a strong preference to candidates who can provide Life Insurance expertise. Project work and investigative studies will include a combination of pricing, reserving, and other topics. Candidates who are willing to adapt to both conventional and unconventional roles as the need arises are encouraged to apply.
Position will be structured to fit the experience level of the candidate.
Responsibilities include, but are not limited to:

• Review Life and Health annual statement submissions for actuarial compliance and company solvency.
• Review Long-Term care and Medicare Supplement rate increase filings and recommend approval or denial of requested rate increase.
• Provide actuarial support to the Louisiana State Legislation.
• Provide other actuarial support as needed to the financial analysts, financial examiners and other Department staff as needed.

Experience/Skills Required:

• Desire to impact the insurance industry in a meaningful way, stay advised of industry trends, and keep current on new techniques.

• Exchanges ideas and conveys complex information clearly and concisely, both verbally and in writing, to other actuaries and non-actuaries alike.
• Strong analytic skills with solid understanding of actuarial techniques, standards, and assumptions for Life Insurance and Health Insurance pricing and reserving.
• Ability to work on multiple projects and prioritize work without extensive direction from supervisor.
• Knowledge of:
  • Life and Health statutory reserves, Statement of Actuarial Opinion and Actuarial Memorandum.
  • Actuarial structure of Long-Term Care and Medicare Supplement ratemaking.
  • Life and Health insurance operations.
  • Current activity of the Life and Health actuarial committees of the NAIC.
  • Familiarity with, and the ability to utilize, various business software applications.

FSA or ASA, and be a member in good standing with the Society of Actuaries. Near-ASA will be considered for a more junior role.

5+ years or more Life Insurance actuarial experience. Compensation will reflect the experience level of the candidate.

Additional Salary info:
Based on qualifications. Position will be structured to fit the experience level of the candidate. Benefits include flexible work schedules, telework, health insurance and defined benefit pension plan.
About Louisiana Department of Insurance:
The Louisiana Department of Insurance (LDI) works diligently to balance the needs of insurance consumers with the insurance industry's need to run a competitive business. As a regulator, the LDI enforces the laws that provide a fair and stable marketplace with transparent rules so one insurer does not have an unfair competitive advantage over any other insurers. The LDI also works to make certain that insurers comply with all the laws in place to protect policyholders.
Louisiana boasts an attractive cost of living along with a passion for food, history, culture, and great outdoors. The LDI is located on Capitol Lake in Baton Rouge.
The LA Department of Insurance is a State As a Model Employer (SAME) agency that supports improved employment opportunities for individuals with disabilities.
For further information about this vacancy contact:
Lori G. Blair
Louisiana Department of Insurance
P.O. Box 94214
Baton Rouge, LA 70804
Benefits for unclassified employees are determined by the individual hiring authority.