Based on qualifications. Position will be structured to fit the experience level of the candidate. Benefits include flexible work schedules and a defined benefit pension plan.
Employer will assist with relocation costs.
Join a dynamic actuarial team within a traditional and supportive work environment.
This position will support all Property/Casualty lines of business and provides the opportunity to learn about emerging actuarial topics such as parametric insurance, cybersecurity, telematics and driverless vehicles. Project work and investigative studies will include a combination of pricing, reserving, modeling, reinsurance and other topics.
Position will be structured to fit the experience level of the candidate.
Responsibilities include, but or not limited to:
Collaborate with internal and external stakeholders to investigate and review pricing and insurance methodologies, provide insights, and recommend changes to regulatory leaders.
Utilize analytical and industry knowledge to conduct independent reviews of key insurance rating and reserving segments, methodologies, and assumptions.
Review property and casualty financial statements and rate filings, including adequacy, consistency, and transparency of key assumptions and methodologies.
Contribute to the setting of standards and models for best practices relating to rating, solvency, and planning processes, tools, monitors, and implementations.
Apply an understanding of the business implications and influence the course of regulatory actions taken.
About Louisiana Department of Insurance:
The Louisiana Department of Insurance (LDI) works diligently to balance the needs of insurance consumers with the insurance industry’s need to run a competitive business. As a regulator, the LDI enforces the laws that provide a fair and stable marketplace with transparent rules so one insurer does not have an unfair competitive advantage over other insurers. The LDI also works to make certain that insurers comply with all the laws in place to protect policyholders.
Louisiana boasts an attractive cost of living along with a passion for food, history, culture, and great outdoors. The LDI is located on Capitol Lake in Baton Rouge.
Experience /Skills Required:
Desire to impact the insurance industry in a meaningful way, stay advised of industry trends, and keep current on new techniques.
Exchanges ideas and conveys complex information clearly and concisely, both verbally and in writing, to other actuaries and non-actuaries alike.
Strong analytic skills with solid understanding of property and casualty actuarial techniques, standards, and assumptions.
Ability to work on multiple projects and prioritize work without extensive direction from supervisor.
- Financial Statement reserves, including methodologies and tests of adequacy
- Property/Casualty Annual Statement's "Statement of Actuarial Opinion"
- Predictive modeling knowledge sufficient to determine regulatory compliance of model
- Rate filing structure and supporting exhibits for property and casualty
- Insurance operations, procedures, and personal and commercial insurance business
ACAS, FCAS or FSA with general insurance designation, and be a member in good standing with the Casualty Actuarial Society or Society of Actuaries. Near-ACAS will be considered for a more junior role.
7+ years of relevant Property/Casualty experience. Candidates with less than 7 years of relevant experience will be considered for a more junior role.