AddressRequired Visa Status:
| Citizen | GC |
| US Citizen | Student Visa |
| H1B | CPT |
| OPT | H4 Spouse of H1B |
| GC Green Card |
Employment Type:
| Full Time | Part Time |
| Permanent | Independent - 1099 |
| Contract – W2 | C2H Independent |
| C2H W2 | Contract – Corp 2 Corp |
| Contract to Hire – Corp 2 Corp |
Description:
THE POSITION
Are you interested in furthering your property and Casualty Insurance actuarial career at an advanced level? Apply your knowledge of property and Casualty Insurance actuarial ratemaking standards and procedures to the analysis and evaluation of complex insurance rating plans and rate change requests. Your work will help ensure that the Pennsylvania Insurance Department meets its statutory and regulatory obligations and ensure that property and Casualty Insurance rates in Pennsylvania are not excessive, inadequate or unfairly discriminatory. Join a team that values integrity, adaptability, and responsiveness!
DESCRIPTION OF WORK
As a Property Casualty Insurance Actuary 2, you will apply your advanced knowledge of property and casualty (P&C) insurance rating formulas, rules, laws, and ratemaking standards and procedures to:
- Review complex property and Casualty Insurance rating plans and rate change requests to ensure that rates in Pennsylvania are not excessive, inadequate, or unfairly discriminatory and that insurance products comply with state and federal laws.
- Perform advanced actuarial and statistical studies and analyses via data calls and special projects.
- Research laws, regulations, and legal decisions to determine their impact on property and Casualty Insurance products and how insurance products should be reviewed in accordance with them.
- Provide information on actuarial matters and interpretations of department regulations to other agency offices, other governmental agencies, insurance company representatives, the National Association of Insurance Commissioners, and the public.
- Participate in the preparation of legislation and information that is used at administrative hearings and court proceedings.
- Help train other actuarial team members.
Interested in learning more? Additional details regarding this position can be found in the position description.
MINIMUM EXPERIENCE AND TRAINING REQUIREMENTS:
- One year of experience as a Property and Casualty Insurance Actuary 1; or
- Successful completion of five parts of the Casualty Actuarial Society examination program; or
- Four years of property and/or casualty actuarial experience; and a bachelor’s degree with major coursework in mathematics or statistics; or
- Any equivalent combination of experience and training.
OTHER REQUIREMENTS:
- You must meet the PA residency requirement. For more information on ways to meet PA residency requirements, follow the link and click on Residency.
- You must be able to perform essential job functions.
Responsibilities:
Please refer the Job description for details
