Job DescriptionActuary III (Actuary)This position is in the Property and Casualty Actuarial Office of the Property and Casualty Division. The Actuarial office provides actuarial review of rate and rule filings; reviews credit scoring models for compliance; conducts in-depth analyses of the Texas insurance markets; and conducts various other analysis.
This position:- Conducts actuarial review and analysis of property and casualty rate filings to ensure compliance with the Texas Insurance Code and Texas Administrative Code.
- Prepares summaries of findings and makes recommendations for approval or disapproval of regulated rates.
- Reviews and evaluates ratemaking techniques and their appropriateness in developing rates for various lines of insurance.
- Reviews actuarial opinions, reports, and memorandums in rate and rule filings, form filings, credit scoring model filings, underwriting guideline filings, and information submitted to comply with filing requirements or special data requests.
- Conducts research, data review, and analysis.
- Prepares technical reports to monitor the insurance market.
- Reviews and implements legislation with regard to actuarial matters.
- Performs other duties as assigned.
Qualifications:This position requires:- Graduation from an accredited four-year college or university with degree in statistics, mathematics, actuarial science, risk management, or a related field.
- Three years of experience in the actuarial field and four exams toward associateship in the Casualty Actuarial Society; exams must be listed in the application, resume, or cover letter.
- Regular work attendance.
Note:- Education and experience relevant to position requirements may be substituted for one another on a year-for-year basis.
This position requires demonstrated knowledge of:- State laws, rules, procedures, and regulations relevant to job requirements.
- Actuarial formulas, methods, and procedures.
- Loss reserving and pricing methods, assumptions, and calculations.
This position requires demonstrated skill in:- Problem solving and critical thinking.
- Using Microsoft Office software applications, including Word, Excel, Outlook, and SharePoint.
- Using personal computers sufficient to enter and extract data from related systems and programs such as Centralized Accounting Payroll and Personnel (CAPPS) and other systems required to perform the job.
- Using standard office equipment.
- Applying actuarial principles and techniques.
This position requires the demonstrated ability to:- Communicate and work effectively with a wide range of people with varied skills, knowledge, and backgrounds.
- Maintain the confidentiality of sensitive information.
- Analyze and solve work-related problems and work independently on a variety of administrative work and technical assignments.
- Manage and coordinate multiple tasks and priorities to meet necessary deadlines.
- Work both independently and as a team player.
- Establish and maintain effective working relationships with manager, team members, coworkers, and the public.
- Develop, prepare, and present technical reports, correspondence, and presentations for consumers, public officials, industry representatives, and other groups.
- Interpret insurance rules, regulations, policies, and procedures.
Military Employment PreferenceGet help translating your military work experience and training courses into civilian job terms, qualifications/requirements, and skill sets. Redact personal or sensitive information from all attachments.
To receive a military employment preference, you must submit the required documents, as applicable, with your application. See How to Apply - Military Employment Preference.
Applicable Military Occupational Specialty (MOS) codes are included, but not limited to one of the following:Military Occupational Specialty codes are not available at this time.Click or copy and paste the following link into your browser to access Military Crosswalk information:http://www.hr.sao.texas.gov/Compensation/MilitaryCrosswalk/MOSC_Insurance.pdf
How to apply:You may apply through CAPPS Career Center or Work in Texas (WIT).
The following information is required with your submission. Your submission must include complete:
• Employment history (month and year).
• Duties and responsibilities.
• Education.
• Certifications.
• Licenses.
• Supplemental questions (if applicable)*.
We may reject submissions that do not include all the required information.
*If you are applying through WIT, log into CAPPS Career Center to access supplemental questions and review your submission. 
