Salary: $8,583.00 - $10,631.00 Monthly
Location : Denver, CO
Job Type: Full Time
Job Number: SFA-4338-8/2026
Department: Department of Regulatory Agencies
Division: Division of Insurance
Opening Date: 08/11/2026
Closing Date: 8/25/2026 11:59 PM Mountain
FLSA: Determined by Position
Type of Announcement: This position is open only to Colorado state residents.
Primary Physical Work Address: 1560 Broadway, Denver, CO 80202
Department Contact Information:
How To Apply: Please submit an online application for this position at https://www.governmentjobs.com/careers/colorado. Reach out to the Department Contact to apply using a paper application, including any supplemental questions. Failure to submit a complete and timely application may result in the rejection of your application. Applicants are responsible for ensuring that application materials are received by the appropriate Human Resources office before the closing date and time listed.

Department Information
Hybrid Workplace Arrangement:

Although this position will be designated under the department's hybrid workplace program, it will still be required to report to the department office on a scheduled basis and at the discretion of the supervisor, based on business needs.

This announcement may be used to fill multiple vacancies.

Description of Job
The Colorado Division of Insurance (DOI) regulates the insurance industry in Colorado. DOI helps consumers by answering their questions, investigating their complaints, and helping them to understand their insurance. The division regulates and monitors insurance companies in Colorado, as well as insurance agents, ensuring all are following the law.

The Property and Casualty Actuarial Section assesses property and casualty insurers' compliance with statutory, regulatory, and actuarial standards which includes conducting actuarial analysis of rate filings; reviewing, evaluating, examining, and monitoring the solvency and actuarial soundness of property and casualty insurers and certain self-insured risk pools. This work unit is responsible for providing technical expertise to the division's leadership, including providing analysis of innovative insurance concepts, technical feedback on proposed legislation and regulations, and developing internal data collection protocols and databases to support key division initiatives.

Position: SFA 4338

The Property and Casualty Actuarial Director oversees actuarial policies, procedures, and controls including ongoing risk analysis for rate setting and examinations of property and casualty insurers; works closely with the deputy commissioner for property and casualty insurance in strategically managing the Property and Casualty Actuarial Section and its responsibilities, including budgeting for staff and resources necessary to carry out the division's mission and responsibilities. The position is responsible for protecting the public's interests by ensuring the actuarial soundness of insurers' rates, the availability and affordability of insurance, and fair treatment of policyholders and insureds while maintaining a positive business climate; analyzes and provides technical support on evaluating whether new insurance strategies support the sustainability of the Colorado property and casualty insurance market, including but not limited to: catastrophic bonds, catastrophe and risk modeling, parametric insurance, wildfire mitigation and community resiliency programs, and reinsurance programs; leads and develops the division's actuarial science strategy related to challenges in the property and casualty insurance market due to increasing risks caused by climate change including analyzing and responding to legislative proposals and policy solutions brought by stakeholders and assessing and leading the technical development of solutions for emerging market risks; and the position identifies, investigates, and develops solutions to actuarial problems and statistical issues in the property and casualty insurance industry.

Duties include, but are not limited to:

• Performing actuarial analysis of annual actuarial opinions, reports and memoranda, and making recommendations to deputies and the Commissioner;
• Providing requests for changes and other actuarial approvals, evaluating insurers' qualified actuary status, and other financial and solvency standards for property and casualty insurers;
• Establishing and implementing procedures for the timely review and analysis of property and casualty rate filings and working with the Property & Casualty Rates and Forms Director to make policy and/or rate decisions, as needed;
• Coordinating the National Council on Compensation Insurance's (NCCI) annual workers' compensation rate request and annual rate hearing and advising the Commissioner on the appropriate rate change to approve, as required by Colorado statute;
• Advising on technical questions and policy matters; testifying at legislative or regulatory hearings on matters related to property and casualty insurance;
• Developing and reviewing regulatory actuarial policies and procedures to address new or evolving standards of insurance regulation due to the diverse and complex nature of emerging insurance products such as parametric, catastrophe bonds, credit, travel, pet, home warranty, immigration bonds, consumer self-storage facility, etc.;
• Supervising a statistical analyst position including providing guidance regarding recommendations for insurer corrective measures, and filing approvals and denials based on actuarial analyses;
• Coordinating, reviewing, and making recommendations regarding the Property and Casualty Actuarial Section personnel matters, including recruitment, hiring, discipline, and ensuring adherence to human resources policies and procedures; supervising, planning, directing, and monitoring the work of staff conducting property and casualty actuarial analyses and reviewing insurance companies and related entities;
• Advising on technical questions and policy matters and providing guidance to its direct report regarding the process for making recommendations for corrective measures, approvals, and denials based on analytical reviews, rate filings, and supporting financial and statistical documents (e.g. Statements of Actuarial Options).

Minimum Qualifications, Substitutions, Conditions of Employment & Appeal Rights
MINIMUM QUALIFICATIONS (MQs):

There are two ways to qualify for this position: 1) Experience OR 2) A Combination of Education and Experience

Option 1: Experience

• Eight (8) years of full-time professional* work experience in performing relevant actuarial work in consulting actuarial firms, in government agencies regulating insurance companies, and/or work in insurance entities; AND
• Of the 8 years, at least one (1) year must include leading teams, including distributing and assigning work, ensuring timeliness, and accuracy of work performed, and being accountable for the work product of other team members; OR leading projects, including managing and allocating resources and guiding work, reporting outcomes, and ensuring project milestones and deadlines are met.

Option 2: A Combination of Education AND Experience

• Associate's Degree and Experience: Graduation from an accredited college or university with an associate's degree in actuarial science, mathematics, applied mathematics, statistics, finance, economics, data science, business management, or a field of study related to the work assignment; AND
• Six (6) years of full-time professional* work experience in performing relevant actuarial work in consulting actuarial firms, in government agencies regulating insurance companies, and/or work in insurance entities; AND
• Of the 6 years, at least one (1) year must include leading teams, including distributing and assigning work, ensuring timeliness, and accuracy of work performed, and being accountable for the work product of other team members; OR leading projects, including managing and allocating resources and guiding work, reporting outcomes, and ensuring project milestones and deadlines are met.

OR

• Bachelor's Degree and Experience: Graduation from an accredited college or university with a bachelor's degree in actuarial science, mathematics, applied mathematics, statistics, finance, economics, data science, business management, or a field of study related to the work assignment; AND
• Four (4) years of full-time professional* work experience in performing actuarial work in consulting actuarial firms, in government agencies regulating insurance companies, and/or work in insurance entities; AND
• Of the 4 years, at least one (1) year must include leading teams, including distributing and assigning work, ensuring timeliness, and accuracy of work performed, and being accountable for the work product of other team members; OR leading projects, including managing and allocating resources and guiding work, reporting outcomes, and ensuring project milestones and deadlines are met.

Document this experience in your application IN DETAIL, as your experience will not be inferred or assumed. Part time experience will be prorated.

SUBSTITUTIONS:

• Partial credit toward the degree requirement will be given for completed college/university coursework that did not result in a degree.A master's or doctorate degree from an accredited college or university in a field of study related to the work assignment will substitute for the bachelor's degree requirement.

*Professional work involves exercising discretion, analytical skill, judgment and personal accountability and responsibility for creating, developing, integrating, applying, and sharing an organized body of knowledge that characteristically is: uniquely acquired through an intense education or training regimen at a recognized college or university; equivalent to the curriculum requirements for a bachelor's or higher degree with major study in or pertinent to the specialized field; and continuously studied to explore, extend, and use additional discoveries, interpretations, and application and to improve data, materials, equipment, applications and methods.
Preferred Qualifications:

• Credentialed as an Associate or Fellow in the Society of Actuaries (SOA) or Casualty Actuarial Society (CAS) - currently holds or is working toward credentials by passing at least two or more exams. Note: A copy of a certificate/transcript to verify the associate or fellow in the SOA or CAS must be received by the application deadline;
• Three (3) years of professional* experience working in a State government agency, in the insurance industry, or in the Colorado Division of Insurance;
• Demonstrated professional* experience developing and/or reviewing insurers' rate filings for compliance with statutory and regulatory requirements and adherence to Actuarial Standards of Practice (ASOPs);
• Demonstrated professional* experience working with catastrophe and risk models for underwriting and/or pricing property insurance;
• Demonstrated professional* experience using Microsoft Excel to analyze rates and organize data;
• Demonstrated professional* experience analyzing reports based on research and actuarial analysis;
• Demonstrated professional* experience conducting data and statistical analysis with large volumes of data;
• Demonstrated professional* supervisory experience, including reviewing and evaluating work produced by subordinates to provide feedback and coaching when appropriate;
• Demonstrated professional* experience with project management, including prioritization and delegation of tasks and monitoring progress;
• Demonstrated professional* experience researching and applying complex legislation to existing work processes and establishing new procedures.

Required Competencies: The following knowledge, skills, abilities, and personal characteristics are required competencies and may be considered during the selection process (including examination and/or interview):

• Demonstrated written communication skills, including the ability to convey information to various stakeholders in a clear, accurate, and concise written manner;
• Demonstrated verbal communication skills, including the ability to effectively convey information to audiences in a concise manner;
• Demonstrat