Actuary jobs in Alaska

• Review rates, forms, and rules for all life and healthcare plans for compliance with Alaska and federal statutes and regulations.
• Verify trend, experience, utilization and other criteria submitted by companies to support their rate filing(s).
• Interact with insurance companies to expedite the rate filing evaluation process.
• Provide technical expertise to other division staff, including the director and filing analysts.
• Perform policy analysis, market research, and data collection.
• Take lead role in formulating, drafting, implementing, and monitoring legislation and regulation on workers’ compensation, automobile, earthquake, flood, and other insurance-related issues.
• Monitor and analyze state and federal studies and proposals; and make recommendations to the director.
• Analyze data, preparing reports, and presenting information to a variety of audiences including members of the industry regulated by the Division of Insurance.
• Formulate and interpret statistical data.
• Evaluate insurance issuer operations.
• Provide technical support for examinations of companies and producers.
• Respond to inquiries and requests for information from division staff, the public, other state agencies, state insurance departments, and the legislature.
• Attend continuing education seminars; participate in webinars and conference calls to keep informed of state and national trends, statutes, and regulations.
• Participate on National Association of Insurance Commissioners (NAIC) committees and task forces.
• Develop model laws and regulations, often as the director’s designee; and prepare issue papers, actuarial guidelines, handbooks, and compliance manuals.
• Travel to such locations and with such frequency as the director deems necessary or desirable. Position may require overnight, out-of-town travel at least three times each year.

• Demonstrate strong organizational, time management, and communication skills.
• Work collaboratively in a virtual environment with team members in different locations.
• Demonstrate superior attention to detail and strong writing skills.
• Explain complex actuarial concepts in terms understandable to non-actuaries.
• Knowledge of insurance actuarial procedures and principles.
• Knowledge of insurance finances; insurance principles and coverages and insurance company operations and management.
• Knowledge of financial reporting procedures and policies; loss reserving methodologies.
• Higher level mathematics, probability, and statistics.
• Knowledge of insurance laws, rules, and regulations.
• Effectively present information, verbally and in writing, to state insurance regulators, insurance company personnel, and the general public at all organizational levels.
• Communicate effectively, both orally and in writing; develop and manage rate filing tracking system.
• Proficiency in System for Electronic Rate and Form Filing (SERFF); Microsoft Word, Excel, and PowerPoint; and Adobe Acrobat.

Minimum Qualifications for the Property and Casualty Actuary:

Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or similar degree from an accredited college or university. Five to seven years’ actuarial experience. Experience reviewing or preparing property and casualty insurance rate filings is mandatory. Incumbent should have solid working understanding of actuarial concepts for all property and casualty products.

Licenses, Certificates, registrations:

Designation of Associate from the Society of Actuaries and membership in the American Academy of Actuaries preferred.

Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or similar degree from an accredited college or university. Five to seven years’ actuarial experience. Experience reviewing or preparing healthcare insurance rate filings is mandatory, and experience reviewing life insurance, annuity, disability income insurance, and/or long-term care insurance product filings would be beneficial. Solid working understanding of actuarial concepts for all life and health products, including but not limited to, pricing and valuation and non-forfeiture concepts, requirements, and actuarial standards.

Licenses, Certificates, registrations:

Designation of Associate from the Society of Actuaries and membership in the American Academy of Actuaries preferred.

This Position is Exempt and is Not in the Classified Services:
Exempt positions/employees are excluded from title 39, Chapter 25, State Personnel Act and the Personnel Rules adopted under it.

Please attach a separate, professional cover letter to your application/resume before submitting it online or, if unable to attach to your application, fax it to the contact number provided in the job posting.

Your cover letter should:

• Be professionally written and include proper format, grammar, spelling and punctuation; and
• Address your experience in relation to each bulleted knowledge, skills and abilities listed in the above section of this recruitment.

• Copies of your most recent three (3) evaluations; and
• Three (3) professional references who have had supervisory responsibility over you along with their daytime contact phone numbers.

To Apply:
Interested applicants may submit their resume and cover letter to kelli.patterson@alaska.gov

Contact Information:
If you have specific questions regarding the position, please contact the hiring manger directly:
Hiring manager: Kelli Patterson
Phone number: (907) 465-2596
Fax number: (907) 465-3422
Email address: kelli.patterson@alaska.gov