Job Description

Actuary IV (Life Actuary)

This position performs advanced (seniorlevel) actuarial work to support strategic objectives. Work involves performing actuarial analysis and examination of reserves and other actuarial matters. May supervise the work of others. Works under minimal supervision with considerable latitude for the use of initiative and independent judgment.

Essential Job Duties

This position:

• Participates in the actuarial portion of comprehensive financial examinations of life insurance companies and other related entities and prepare examination reports and workpapers.
• Performs reviews of actuarial opinions, supporting actuarial reports, and other related actuarial analysis.
• Performs actuarial analysis of specific transactions and agreements as needed to determine actuarial appropriateness, compliance with requirements, and appropriate financial statement presentation.
• Reviews workpapers and reports prepared by others.
• Provides feedback, support, and technical assistance to others as applicable.
• Completes relevant continuing education, including meeting the minimum requirement to maintain actuarial credentials.
• Participates in special projects as assigned such as assisting with development of rules, legislation, actuarial guidelines, and Valuation Manual requirements.
• Performs other duties as assigned.

Minimum Qualifications

This position requires:

• Graduation from an accredited fouryear college or university, preferably with a major in statistics, mathematics, actuarial science, or related field.
• A minimum of four (4) years of relevant actuarial work.
• Regular work attendance.
• Travel may be required for up to 25% of the time.If travel is 10% or more, you must maintain a state of Texas Driver's License.

Note:

• Education and experience may be substituted for one another on a yearforyear basis
• Must be eligible for the bondrelated provisions of Insurance Code Section 401.106 and take the oath required by Insurance Code Section 401.105 .

Registration, license, or certification required:

Associate or Fellow with the Society of Actuaries and a member of the American Academy of Actuaries in good standing including maintaining required continuing education credits.
RESUME REQUIRED WITH SUBMISSION OF APPLICATION
Additional job details:
The position may be eligible for a hybrid work schedule. If eligible, the employee must have a secure, dedicated workspace with reliable broadband internet service. The ideal candidate must be available for weekly meetings and group collaboration via Microsoft Teams and other applications during regular business hours.

Preferred Qualifications

Preferences for this position include:

Actuarial work experience relating to reinsurance, ALM, PBR, reserving, solvency regulation, and/or auditing for life insurance and annuity products.

Knowledge/Skills/Abilities

This position requires demonstrated knowledge of:

• State laws, rules, procedures, and regulations relevant to job requirements.
• Actuarial formulas, methods, procedures, professional guidance (ASOPs, Practice Notes, etc.).
• Relevant industry studies and data sources.
• Regulatory requirements for life insurance.
• Accounting and auditing principles.

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.
• Operating a motor vehicle in a safe and courteous manner in compliance with traffic laws.
• Interpreting insurance laws, regulations, requirements, and actuarial guidelines.
• Effectively applying actuarial principles, techniques, and insights.
• Developing, maintaining, and applying actuarial methods and formulas.
• Conceptualizing particular actuarial and statistical methodologies.
• Applying critical thinking to analyze problems and form insightful conclusions.
• Communicating complex subjects in a clear and concise manner.
• Preparing documentation that is clear, concise, accurately describes work performed, and supports conclusions.

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 workrelated 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.
• Satisfy the conditions required to maintain fully qualified driving status.
• Perform Actuarial Services with courtesy and professional respect, acting honestly, with integrity and competence.
• Communicate timely, appropriately, clearly, thoroughly, and concisely.
• Overcome communication barriers.
• Appropriately handle confidential materials.
• Provide respectful, educational, timely, and effective feedback, support, and/or technical assistance.
• Receive and implement feedback respectfully and responsively.
• Establish and maintain positive and effective working relationships at all organizational levels, including internal and external customers.
• Plan, make decisions, and solve problems.
• Manage time effectively on multiple simultaneous projects.

Military/Veteran Information

Military Employment Preference

Get 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 Military Employment Preference .
Applicable Military Occupational Specialty (MOS) codes are included, but not limited to one of the following:

N/A
Click or copy and paste the following link into your browser to access Military Crosswalk information:

https://hr.sao.texas.gov/Compensation/MilitaryCrosswalk/MOSC_Insurance.pdf

How to Apply

You may apply through CAPPS Agency Career Site 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
• Employment questions

We may reject submissions that do not include all the required information.
If you are applying through WIT, log into CAPPS Agency Career Site to access employment questions and review your submission.