Location : Wake County, NC
Job Type: Permanent Full-Time
Job Number: 24-09272/60013586
Department: Dept of Insurance
Division: Administration
Opening Date: 02/18/2025
Closing Date: 2/25/2025 5:00 PM Eastern
Job Class Title: Actuary - Property & Casualty
Position Number: 60013586
Section: Actuarial Services
Salary Grade: NC25
Recruitment Range: $83,746 - $151,414
Description of Work
Salary Recruitment Range: $83,746 - $151,414Salary Grade: NC25
This position is eligible for a $13,000 sign on bonus.
To be eligible for a sign-on bonus, the candidate must not have worked as a probationary, permanent, or time-limited employee in the last 12 months as an employee subject to the State Human Resources Act.
This Sign-on Bonus is contingent upon budget and final eligibility determination as of the effective date of hire. Additional information regarding the Sign-on Policy can be foundhere
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 all North Carolina Rate Bureau filings. This position devises and conducts special studies on important issues affecting P&C insurance and performs special technical projects as assigned by the Chief Actuary.
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 Blue Cross Blue Shield of NC
- 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 Property & Casualty 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 Casualty Actuarial Society (CAS).
- 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.
- Ability to effectively communicate complex information verbally and in writing; keeps coworkers and managers informed of project progress.
- Ability to prepare written reports that are clear, concise, appropriate for intended audience and well documented.
- Ability to plan and organize resources and time to meet assigned deadlines and priorities.
- Demonstrated extensive experience with Microsoft Office products, including Word, Excel, PowerPoint and Access.
- Demonstrated experience working on ratemaking filings for property and casualty lines of insurance.
- Preferred knowledge of Private Passenger Auto and Homeowners filings with the expectation of becoming a subject matter expert.
- 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 Casualty Actuarial Society (CAS), 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 $83,746 - $151,414?
- Yes
- No
03
Do you have a considerable level of professional knowledge in Property & Casualty and keep up with current developments and trends?
- Yes
- No
04
Do you have extensive experience with Microsoft Office products, including Word, Excel, PowerPoint and Access?
- Yes
- No
05
Do you have experience working on ratemaking filings for property and casualty lines of insurance?
- Yes
- No
06
Do you have experience with analyzing data to make actuarially sound recommendations or conclusions?
- Yes
- No
07
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
08
If you answered "yes" to the previous question, please indicate in *DETAIL* the offense(s) and date(s) of the offense(s).
09
How did you hear of this opportunity?
- NC Department of Insurance Outreach
- Handshake
- OSHR Website
- Employee Referral
- Conference/Career Fair
- Other Social Media (Indeed, LinkedIn, etc.)
Required Question