|Date Opened||3/4/2020 09:30:00 AM|
|Salary||$109,320* - $149,062/year (*New State employees start at the minimum of salary range)|
|Job Type||Open to the Public|
|Close Date||4/6/2020 11:59:00 PM|
Reposting the P&C Insurance Actuary position. Applicants that previously applied do not need to resubmit their application.
Our mission at the State of Connecticut- Connecticut Insurance Department is consumer protection. The Department carries out its mission by enforcing state insurance laws to ensure policyholders are treated fairly, by providing assistance, outreach and education to help consumers make sound choices and by regulating the industry in a fair and consistent manner that fosters market competition for availability of insurance.
We are currently seeking a full-time experienced Insurance Actuary in our Actuarial Division. This position is located at 153 Market Street, Hartford. The work schedule is Monday through Friday, however, must be flexible in order to meet the needs of the agency. We are easily accessible for all commuters, we are conveniently located in the Downtown area of Hartford.
Are you a self-starter? Do you have a passion for actuarial work? Do you want to make a difference
while participating in a dynamic and reciprocal actuarial environment in the public sector?
If so, we have an excellent opportunity for you to join our Actuarial Division. You will play a key role in:
The Actuarial Division and will work with other actuaries to support major P&C functions of this Division
in financial analysis, field exams, NAIC committees, and other product management support. Financial analysis responsibilities include but not limited to review the annual actuarial opinions and actuarial reports, ORSA, and capital modeling, etc., the fields exams include all domestic P&C companies, the NAIC committee works include CASTF and its subcommittees, and RBC, and the product management responsibilities include some supporting for the P&C rate filings.
There are four major functions for the P&C insurance actuary. The first major responsibilities are to review the actuarial opinions, actuarial report, and other financial statements which are required to be by statute for domestic insurers. This financial solvency reviews also include new actuarial developments for ORSA. This second major responsibilities are to provide actuarial services to support the Financial Division in the field which are conducted to ensure that the entities remain solvent and capable of meeting their contractual obligations to policyholders and claimants, and to support the Captives Division in evaluating the feasibility study filed by the applicants. The third major responsibilities are to participate in various NAIC committees in providing expert opinions and work with other state regulators for professional developments in actuarial subjects for property and casualty, and data analytics. The fourth major responsibilities are to help the Property and Casualty Division in reviewing the insurance products and rates from the insurance companies. The actuary may also act on behalf of the Commissioner at technical and professional conferences.
Please ensure your application is complete and you have included your Resume in the 'Resume Tab' of your application.
This posting MAY require completion of additional referral questions (RQ’s) which will be sent to you via email after the closing date. Please regularly check your email for notifications. You must reply by the deadline indicated on the notification or you will be automatically disqualified from consideration.
Position requires an Associate or Fellowship membership, by examination in a relevant actuarial society. For the Property & Casualty Actuary, membership in the Casualty Actuarial Society is required.
(Note: Designation of MAAA (Member American Academy of Actuaries) is a preferred requirement.
The selected candidates will need to provide documentation to support meeting the General Qualification Standards (including continuing education requirements) promulgated by the American Academy of Actuaries.
Questions regarding this recruitment should be directed to the Insurance Department at CID.HR@ct.gov.
AN AFFIRMATIVE ACTION/EQUAL OPPORTUNITY EMPLOYER
The State of Connecticut is an equal opportunity/affirmative action employer and strongly encourages the applications of women, minorities, and persons with disabilities.
Click on a link below to apply for this position:
|Fill out the Supplemental Questionnaire and Application NOW using the Internet.|
The State of Connecticut is an Affirmative Action/Equal Opportunity Employer and strongly encourages the application of women, minorities and persons with disabilities.