Job Description

Do you have a passion for public service and enjoy making a difference? Don't miss out on this opportunity. The Texas Department of Insurance (TDI) is hiring! Apply now if you're looking for a rewarding career in public service. We regulate the insurance industry, administer the Texas workers' compensation system, and educate and protect consumers.

You'll love the benefits of working at TDI:

• Flexible work schedules.
• Hybrid work schedule, if applicable.
• Work-life-balance.
• 96 hours of accrued vacation a year.
• 96 hours of accrued sick leave a year.
• 20+ holidays every year.
• Career advancement opportunities.
• Free parking.
• Free comprehensive medical insurance for full-time employees and 50% off premium costs for dependents (state pays other 50%).

Working at TDI offers many benefits. TDI is a qualifying organization for the Federal Public Service Loan Forgiveness Program. TDI also offers a lifetime monthly retirement annuity as well as 401(k) and 457 Programs under the Employees Retirement System of Texas. TDI is located at the Barbara Jordan Building at 1601 Congress Ave in Austin. The innovative structure is part of the state's Capitol Complex project.

Before you apply:

Learn about our selection process, our military employment preference, and licensing and credential requirements.

Actuary I (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 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 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 model filings, underwriting guideline filings, and information submitted to comply with filing requirements or special data requests.
• Conducts research, assists with data calls, assists with data review and analysis, and assists with preparation of technical reports to monitor the insurance market.
• Develops actuarial and statistical exhibits.
• 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.
• College transcript submitted with application.
• Professional exams passed toward associateship in the Casualty Actuarial Society must be listed in the application, resume, or cover letter.

Note:

Education and experience relevant to position requirements may be substituted for one another on a year-for-year basis.

Additional job details:

This position requires regular work attendance. The position may be eligible for a hybrid work schedule. If eligible, the employee must have a secure, dedicated workspace with a reliable broadband internet service, and must be available for weekly meetings and group collaboration via Microsoft Teams and other applications during regular business hours.

Preferences for this position include:

• Experience in property and casualty insurance.
• One exam toward associateship in the Casualty Actuarial Society.

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.

Veterans

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 veteran's preference, you must submit the following documents, as applicable, with your application.
• Copy of the DD-214; member #4.
• Statement of compensation from the Veteran's Administration or
• Copy of the DD1300.

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:

All applications must contain complete job histories, including job title, dates of employment, name of employer, manager's name and phone number, and a description of duties performed. We may reject applications that do not include all the required information. Resumes do not substitute for this required information.

Submitted through Work in Texas:

Work in Texas (WIT) applicants must complete supplemental questions to be considered for the position. To complete supplemental questions, go to CAPPS Career Center to register or log in and access your profile.