About Us:
The Ohio Department of Insurance (ODI) was established in 1872 as an agency charged with overseeing insurance regulations, enforcing statutes mandating consumer protections, educating consumers, and fostering the stability of insurance markets in Ohio.
Today, the mission of the Ohio Department of Insurance is to provide consumer protection through education and fair but vigilant regulation while promoting a stable and competitive environment for insurers.
Please visit our website Department of Insurance and also find us on LinkedIn.
The mission of the Office of Product Regulation and Actuarial Services (OPRAS) is to provide consumer protection and assure compliance with all applicable insurance laws and regulations through the review of insurance product policy forms and verification that premium rates are actuarially sound.
OPRAS is seeking an Insurance Actuarial Analyst 5 position. This position requires strong analytical and communication skills, the ability to train lower-level actuarial analysts, and the capability to work on multiple projects at the same time. The ideal candidate will be knowledgeable in Life Insurance and Annuity products and related Ohio and Federal insurance laws.
If this sounds interesting to you, continue reading below to learn more about the opportunity with our Department!
What You'll Do:
Your Key Responsibilities include but are not limited to the following:
- Analyzing complex Life Insurance and Annuity filings for compliance with applicable state and federal laws and policies;
- Reviewing reserves and assisting the Risk Assessment area in annual insurer analysis and the financial exam process;
- Creating and maintaining compliance review tools and providing analysis of data; and
- Provide direction, training, and peer reviews of work completed by lower-level insurance actuarial analysts.
What’s in it for you:
This position is designated as telework eligible. The agency has a hybrid work model (i.e., working in the office and working from home on a schedule based on operational need). As such, successful candidates must have and maintain internet at their remote location during normal working hours. In addition, employees must reside in Ohio and within a reasonable distance from the Department location to respond to workplace reporting requirements.
At the State of Ohio, we take care of the team that cares for Ohioans. We provide a variety of quality, competitive benefits to eligible full-time and part-time employees. For a list of all the State of Ohio Benefits, visit our Total Rewards website!
Qualifications
Completion of undergraduate core program in mathematics; designation as Associate in Casualty Actuarial Society (i.e., ACAS) for positions in Property & Casualty Division, or designation as Associate in Society of Actuaries (i.e., ASA) for positions in Managed Care Division or Life & Health Division, or designation as Associate in Casualty Actuarial Society (i.e., ACAS) or as Associate in Society of Actuaries (i.e., ASA) for positions in Financial Regulation Division; designation as member of American Academy of Actuaries (i.e., MAAA); 6 yrs. exp. in actuarial field pertinent to assigned division (i.e., for positions in Managed Care Division, exp. must be in managed care field; for positions in Property & Casualty Division, exp. must be in property & casualty field; for positions in Life & Health Division, exp. must be in life & health field; for positions in Financial Regulation Division, experience may be of any type); 24 mos. exp. in operation of personal computer.
Job Skills: Insurance
Technical Skills: Insurance, Statistics/Mathematics, Regulatory Compliance
Professional Skills: Analyzation, Critical Thinking, Decision Making
Supplemental Information
Application Procedures:
All applicants must submit a completed Ohio Civil Service Application and clearly indicate how they meet the minimum qualifications and/or position specific minimum qualifications. Applicants are also encouraged to document in detail any experience, education and/or training related to the job duties of the positions(s) applying for. All answers to the supplemental questions MUST be supported by the work experience/education provided on your civil service application. Attachments to your application are not accepted for this job posting. In order to be considered for this position, you must apply on-line. Paper applications WILL NOT be accepted.
Educational Transcripts:
Official educational transcripts are required for all post-high school educational accomplishments, coursework or degrees claimed on the application. Applicants will be required to submit an official transcript if selected for an interview. Failure to provide the transcript at the time of the interview will cause the applicant to be eliminated from further consideration.
Status of Posted Positions:
You can check the status of your application online by signing into your profile. Jobs you applied for will be listed. The application status is shown to the right of the position title and application submission details. Questions about the position not pertaining to your application status can be directed to: Kim Lowry @ 614-644-2681.
**Correspondence regarding your application will be sent to the email address provided on your application.**
Applicants must be currently authorized to work in the United States on a full-time basis.
Reasonable Accommodation: ODI does not discriminate on the basis of disability in its hiring or employment practices and complies with the ADA employment regulations. Applicants with questions about access or requiring a reasonable accommodation for any part of the application or hiring process should contact the agency Human Resource Offices’ ADA Coordinator, Andrew Skal, by emailing Andrew.Skal@insurance.ohio.gov or calling 614-644-3264. Otherwise, you will be given specific instructions on requesting an accommodation if you are invited to participate in a structured interview.
ADA Statement
Ohio is a Disability Inclusion State and strives to be a model employer of individuals with disabilities. The State of Ohio is committed to providing access and inclusion and reasonable accommodation in its services, activities, programs and employment opportunities in accordance with the Americans with Disabilities Act (ADA) and other applicable laws.
Drug-Free Workplace
The State of Ohio is a drug-free workplace which prohibits the use of marijuana (recreational marijuana/non-medical cannabis). Please note, this position may be subject to additional restrictions pursuant to the State of Ohio Drug-Free Workplace Policy (HR-39), and as outlined in the posting.