Actuary jobs in Vermont

Actuary utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Being an Actuary assists with product design and development by analyzing risk groups and calculating appropriate insurance rates, premium levels, and rating systems and structures. Records and tracks accruals, claims, and settlements and prepares documents for input into regulatory filings, financial budgets, forecasts, and other financial projections. Additionally, Actuary applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Requires a bachelor's degree. Must be currently pursuing the designation of ASA (Associate) in the Society of Actuaries. Typically reports to a manager. The Actuary work is closely managed. Works on projects/matters of limited complexity in a support role. To be an Actuary typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)

S
036810_Insurance Actuary
  • State of Vermont
  • Montpelier, VT FULL_TIME
  • Overview

    The Department of Financial Regulation is seeking an experienced actuary interested in the opportunity to work on a wide range of issues including actuarial analysis of property and casualty rate and form filings; financial and market conduct examination and analysis, research, statistical analysis and reporting on insurance companies and insurance markets; and technical analysis and advice to the Insurance Division. This individual will help facilitate achievement of the Insurance Division's statutory mission to ensure reasonable and orderly competition in Vermont's insurance markets and protection and education of Vermont's insurance consumers. Duties are performed with significant independence under the general direction of the Director of Insurance Regulation.


    Opportunities for hybrid remote work are available, with office hours in Montpelier. Out-of-state travel is required and work outside normal hours may be needed occasionally. Private means of transportation must be available for travel.

    Who May Apply

    This position, 036810_Insurance Actuary (Job Requisition #49923), is open to all State employees and external applicants.



    If you would like more information about this position, please contact Mary.Block@vermont.gov.

    Resumes will not be accepted via e-mail. You must apply online to be considered.



    Please note that multiple positions in the same work location may be filled from this job posting.

    Environmental Factors

    Duties are performed in a standard office setting in Vermont. Out-of-state travel is required and work outside normal hours may be needed occasionally. Private means of transportation must be available for travel. There is significant interaction with the personnel of insurance companies, insurance trade organizations, consumers, other state departments, legislators, and regulators from other states, sometimes in adversarial situations.

    Minimum Qualifications

    Four (4) years or more of actuarial experience as an actuary with an insurance company, an insurance regulatory agency, or in a consulting actuary's office performing property and casualty actuarial insurance work including form review, rate filings, company financials, and/or predictive modeling.

    Preferred Qualifications

    Bachelor's degree or higher in actuarial science, mathematics, statistics, or related field.

    Total Compensation

    As a State employee you are offered a great career opportunity, but it's more than a paycheck. The State's total compensation package features an outstanding set of employee benefits that are worth about 30% of your total compensation, including:
    • 80% State paid medical premium
    • Dental Plan at no cost for employees and their families
    • Flexible Spending healthcare and childcare reimbursement accounts
    • Two ways to save for your retirement: A State defined benefit pension plan and a deferred compensation 457(b) plan
    • Work/Life balance: 11 paid holidays each year and a generous leave plan; many jobs also allow for a flexible schedule
    • Low cost group life insurance
    • Tuition Reimbursement
    • Incentive-based Wellness Program
    • Qualified Employer for Public Service Student Loan Forgiveness Program
    Want the specifics? Explore the Benefits of State Employment on our website.

    Equal Opportunity Employer

    The State of Vermont celebrates diversity, and is committed to providing an environment of mutual respect and meaningful inclusion that represents a variety of backgrounds, perspectives, and skills. The State does not discriminate in employment on the basis of race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, membership in an employee organization, family medical history or genetic information, or family or parental status. The State’s employment decisions are merit-based. Retaliatory adverse employment actions by the State are forbidden.

  • 2 Days Ago

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Associate Actuary
  • Highmark Health
  • VT, VT FULL_TIME
  • Description JOB SUMMARY This job is a senior level actuarial analyst position that initiates and leads the development of actuarial studies and analyses, making appropriate recommendations to actuaria...
  • 28 Days Ago

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Actuary
  • USAA
  • Phoenix, AZ
  • Why USAA? Why USAA? Lets do something that really matters. At USAA, we have an important mission: facilitating the finan...
  • 4/25/2024 12:00:00 AM

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Actuary
  • Berkley
  • Manassas, VA
  • Company Details: BerkleyNet is an innovative workers compensation insurance provider that does all our business online. ...
  • 4/25/2024 12:00:00 AM

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Actuary
  • Hire Integrated
  • Chicago, IL
  • Job Description Job Description Salary: DOE Office Location: Arlington Heights, IL, or City Center of Chicago, IL Workpl...
  • 4/25/2024 12:00:00 AM

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Actuary
  • Humana
  • Oklahoma City, OK
  • Become a part of our caring community and help us put health first The Actuary, Analytics/Forecasting analyzes and forec...
  • 4/24/2024 12:00:00 AM

H
Actuary
  • Humana
  • Trenton, NJ
  • Become a part of our caring community and help us put health first The Actuary, Analytics/Forecasting analyzes and forec...
  • 4/24/2024 12:00:00 AM

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Actuary
  • USAA
  • Colorado Springs, CO
  • Why USAA? Why USAA? Lets do something that really matters. At USAA, we have an important mission: facilitating the finan...
  • 4/23/2024 12:00:00 AM

U
Actuary
  • USAA
  • Tampa, FL
  • Why USAA? Lets do something that really matters. At USAA, we have an important mission: facilitating the financial secur...
  • 4/22/2024 12:00:00 AM

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ACTUARY
  • PRI Technology
  • Whitehouse Station, NJ
  • Job Description Job Description ACTUARY My name is Bill Stevens and I have a new twelve month plus Actuary opportunity a...
  • 4/21/2024 12:00:00 AM

Vermont is located in the New England region of the Northeastern United States and comprises 9,614 square miles (24,900 km2), making it the 45th-largest state. It is the only state that does not have any buildings taller than 124 feet (38 m). Land comprises 9,250 square miles (24,000 km2) and water comprises 365 square miles (950 km2), making it the 43rd-largest in land area and the 47th in water area. In total area, it is larger than El Salvador and smaller than Haiti. It is the only landlocked state in New England, and it is also the easternmost and the smallest in area of all landlocked sta...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Actuary jobs
$72,168 to $90,307

Actuary in Philadelphia, PA
An actuary can study the market, the risk it exposes their clients/firms to and try to strategize accordingly.
October 07, 2019
Actuary in Raleigh, NC
Reserving actuary does this by studying patterns from the past or expert opinion.
December 05, 2019
Actuary in Vincennes, IN
It provides a useful starting point for those considering a career as an actuary.
December 12, 2019