Location : Wake County, NC
Job Type: Permanent Full-Time
Job Number: 25-03667/60013590
Department: Dept of Insurance
Division: Administration
Opening Date: 03/17/2025
Closing Date: 3/31/2025 5:00 PM Eastern
Job Class Title: Actuary - Life & Health
Position Number: 60013590
Salary Grade: NC25
Recruitment Range: $86,258 - $138,441
Description of Work
Salary Recruitment Range: $86,258 - $138,441Salary Grade: NC25
This position currently qualifies for a hybrid telework option with routine office and remote workday. The NC Department of Insurance trusts our employees to be self-motivated and successful in hybrid/remote roles. Telework options are subject to change at the discretion of management.
Mission of the Department of Insurance:
To promote a stable insurance market through unbiased regulation and to protect the lives and property of every citizen in all 100 counties while fostering superior, user-friendly service, courtesy, and respect.
Primary Purpose of the Position:
This position is assigned to Actuarial Services Division of the North Carolina Department of Insurance. This position works independently to provide technical support to the Chief Actuary and the Company Services Group and assists with the actuarial reviews of Health filings. This could include, Medicare Supplement, Medicare Advantage, ACA, or Long-Term Care. This position assists in the review of actuarial issues related to pricing and solvency of health insurers conducting business in North Carolina.
Incentives of NC State Employment:
We value our employees and offer a wide variety of competitive and family-friendly benefits. Benefits to include:
- 12 Annual paid Holidays
- North Carolina State Health Plan administered by Aetna
- Supplemental Benefits including: Flexible Spending Accounts, Accident Insurance, Cancer & Specified Disease, Critical Illness, Dental and Vision
- NC State Retirement(TSERS)
- WeSave Employee Discounts
Learn more about new hire resources, safety, health, and wellness information, leave options, employee discounts and more by selecting the link below:
Knowledge, Skills and Abilities / Competencies
- Considerable level of professional knowledge in Life and Health and keeps up with current developments and trends. Maintains professional credentials through meeting continuing education requirements of the American Academy of Actuaries (AAA) and the Society of Actuaries (SOA).
- Considerable knowledge of North Carolina laws and regulations as they relate to actuarial practice.
- Considerable knowledge of agency policies and practices in regard to issues arising in rate revision negotiations or rate hearings or benefit structures and rate setting for service delivery.
- Demonstrated extensive experience with Microsoft Office products, including Word, Excel and Access.
- Demonstrated experience working on rate filings Health insurance lines of insurance.
- Preferred knowledge of Medicare Supplement, Medicare Advantage, ACA, and/or Long Term Care insurance.
- Demonstrated experience with analyzing data to make actuarially sound recommendations or conclusions
Minimum Education and Experience Requirements
Bachelor's degree in mathematics, business, or closely related field from an appropriately accredited institution and four years of professional actuarial experience and Associate status in the Society of Actuaries (SOA); or an equivalent combination of education and experience.
Supplemental and Contact Information
For consideration for this vacancy, all applicants must complete an on-line application using the "APPLY" button above. If multiple applications are submitted to an individual posting, only the most recent application received prior to the posting close date will be evaluated for the consideration. Applications for positions requiring specific coursework must be accompanied by a copy of the applicant's transcript.
Academic Degrees must be from appropriately accredited institutions and will be verified. If you are selected for a position at DOI/IC, your academic credentials will be verified.
To receive credit for your work history and credentials, you must list the information on the State Application. Any information omitted from your application cannot be considered for qualifying credit.
The Department of Insurance/Industrial Commission may conduct criminal history checks of all job applicants recommended for employment. Failure to accurately acknowledge information on criminal convictions on the state application form will be grounds for non-consideration of applications, disciplinary action, and possible criminal prosecution.
The Department of Insurance/Industrial Commission is an Equal Employment Opportunity employer and uses the merit-based recruitment and selection plan to fill positions subject to the State Personnel Act with the most qualified individuals.
***INCLUDE ALL RELEVANT EDUCATION, WORK EXPERIENCE IN THE DESIGNATED EDUCATION AND WORK HISTORY SECTION ON THE FORMAL APPLICATION***
***Applications with "see attached" or resumes in lieu of completed education and work experience on the formal application will be deemed incomplete and will not be eligible for consideration for the vacancy***
Applicants requesting and receiving an accommodation under the Americans with Disabilities Act (ADA) are eligible to submit paper applications via mail or by fax.
Applicants seeking Veteran's Preference under N.C.G.S .126 must submit a DD Form 214, Certificate of Release or Discharge from Active Duty. This information may be attached to the online application or be faxed on or before the closing date.
Applicants may check the status of their application for a vacancy at any time by logging in to the government jobs system using the above link. Once the applicant has logged in, the status of each submitted application is documented next to each vacancy for which they have applied.
NOTE: For temporary, contract or other supplemental staffing appointments: There are no paid leave, retirement or other benefits associated with these appointment types.
For permanent and time-limited appointments:Eligible employees have benefits that include employee health insurance options, standard and supplemental retirement plans, NC Flex (a variety of high-quality, low-cost benefits on a pre-tax basis), and paid vacation, sick, and community service leave, to name a few. Paid parental leave is available for eligible employees. Some benefits require 30 + hours work/week for participation.
01
The answers to the supplemental questions associated with this vacancy are verified against the education and work experiences documented in the "Education" and "Work Experience" sections of the application. Qualifying credit will be given for completed education and work experience that is documented in the respective sections. Please affirm by checking the following selection.
- I acknowledge that per the above statement, consideration for qualifying credit will only be given for education or work experience included in the "Education" and "Work Experience" sections of the application.
02
If offered this position, are you willing to accept a salary between the recruitment range of $86,258 - $138,441?
- Yes
- No
03
Do you have considerable level of professional knowledge in Life and Health and keeps up with current developments and trends. Maintains professional credentials through meeting continuing education requirements of the American Academy of Actuaries (AAA) and the Society of Actuaries (SOA)?
- Yes
- No
04
Do you have considerable knowledge of North Carolina laws and regulations as they relate to actuarial practice?
- Yes
- No
05
Do you have considerable knowledge of agency policies and practices in regard to issues arising in rate revision negotiations or rate hearings or benefit structures and rate setting for service delivery?
- Yes
- No
06
Do you have experience with Microsoft Office products, including Word, Excel and Access?
- Yes
- No
07
Do you have experience working on rate filings Health insurance lines of insurance?
- Yes
- No
08
Do you have knowledge of Medicare Supplement, Medicare Advantage, ACA, and/or Long Term Care insurance?
- Yes
- No
09
Do you have experience with analyzing data to make actuarially sound recommendations or conclusions?
- Yes
- No
10
Have you ever been convicted of an offense against the law other than a minor traffic violation? (A conviction does not mean you cannot be hired. The offense and how recently you were convicted will be evaluated in relation to the position for which you are applying.)
- Yes
- No
11
If you answered "yes" to the previous question, please indicate in *DETAIL* the offense(s) and date(s) of the offense(s).
Required Question