About Us:

The Ohio Department of Insurance (ODI) was established in 1872 as an agency charged with overseeing insurance regulations, enforcing statutes mandating consumer protections, educating consumers, and fostering the stability of insurance markets in Ohio.

Today, the mission of the Ohio Department of Insurance is to provide consumer protection through education and fair but vigilant regulation while promoting a stable and competitive environment for insurers.

Please visit our website Department of Insurance and also find us on LinkedIn .

OPRAS Mission Statement:

The mission of the Office of Product Regulation and Actuarial Services (OPRAS) is to provide consumer protection and assure compliance with all applicable insurance laws and regulations through the review of insurance product policy forms and verification that premium rates are actuarially sound.

OPRAS is seeking an Insurance Actuarial Analyst 5 position. This position requires strong analytical and communication skills , the ability to train lower-level actuarial analysts, and the capability to work on multiple projects at the same time. The ideal candidate will be knowledgeable in Life Insurance and Annuity products and related Ohio and Federal insurance laws.

If this sounds interesting to you, continue reading below to learn more about the opportunity with our Department !

What You'll Do:

Your Key Responsibilities include but are not limited to the following:

• Analyzing complex Life Insurance and Annuity filings for compliance with applicable state and federal laws and policies;
• Reviewing reserves and assisting the Risk Assessment area in annual insurer analysis and the financial exam process;
• Creating and maintaining compliance review tools and providing analysis of data; and
• Provide direction, training, and peer reviews of work completed by lower-level insurance actuarial analysts.

What's in it for you:

This position is designated as telework eligible. The agency has a hybrid work model (i.e., working in the office and working from home on a schedule based on operational need). As such, successful candidates must have and maintain internet at their remote location during normal working hours. In addition, employees must reside in Ohio and within a reasonable distance from the Department location to respond to workplace reporting requirements.

At the State of Ohio, we take care of the team that cares for Ohioans. We provide a variety of quality, competitive benefits to eligible full-time and part-time employees. For a list of all the State of Ohio Benefits, visit our Total Rewards website !

Qualifications
Completion of undergraduate core program in mathematics; designation as Associate in Casualty Actuarial Society (i.e., ACAS) for positions in Property & Casualty Division, or designation as Associate in Society of Actuaries (i.e., ASA) for positions in Managed Care Division or Life & Health Division, or designation as Associate in Casualty Actuarial Society (i.e., ACAS) or as Associate in Society of Actuaries (i.e., ASA) for positions in Financial Regulation Division; designation as member of American Academy of Actuaries (i.e., MAAA); 6 yrs. exp. in actuarial field pertinent to assigned division (i.e., for positions in Managed Care Division, exp. must be in managed care field; for positions in Property & Casualty Division, exp. must be in property & casualty field; for positions in Life & Health Division, exp. must be in life & health field; for positions in Financial Regulation Division, experience may be of any type); 24 mos. exp. in operation of personal computer.

Job Skills: Insurance

Technical Skills: Insurance, Statistics/Mathematics, Regulatory Compliance

Professional Skills: Analyzation, Critical Thinking, Decision Making