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You are here: www.tdi.texas.gov . jobs . postings . job17127

Texas Department of Insurance

The Texas Department of Insurance (TDI) is a state agency responsible for both consumers and the insurance industry. We work to fulfill our legislative mandate to regulate the insurance industry, administer the Texas workers’ compensation system, and promote a healthy insurance marketplace, while also protecting the people and the businesses that are served by insurance. We take our responsibility to Texans seriously and strive for excellent customer service through our professional attitude, competence and efficiency.

Important notice: Read before you apply

Veterans’ Preference:

To receive veterans’ preference, applicants must provide at least one the following documents with their State of Texas Application:

  • a copy of the DD 214, member #4;
  • a statement of compensation from the Veterans Benefits Administration; or
  • a copy of the DD 1300.

Applicable Military Occupational Specialty (MOS) codes are included, but not limited to the following: 36A, 36B, LS, 751X, 020, 31, 3404, 34, 6F0X1, 6F

Additional Military Crosswalk information can be accessed at:

http://www.hr.sao.texas.gov/Compensation/MilitaryCrosswalk/MOSC_AccountingAuditingandFinance

Current Opportunity: Life & Health PBR Actuary (2 Positions)

Reposted (07/05/17)-Amended (1/30/17)-Internal/External Posting - TDI Employees and General Public

The Life & Health Principle-Based Reserves (PBR) Actuary performs actuarial analysis and examination of life and health insurance company reserves with focus on review and analysis of Principle-Based Reserves (PBR) and asset adequacy analysis including the analysis of other actuarial items and requirements provided by the Valuation Manual.


This position:

  • provides reports for Financial Examinations/Analysis as appropriate to summarize actuarial analysis;
  • participates in actuarial examinations of life & health companies and other related entities and prepares examination reports and work papers;
  • performs other actuarial analysis as needed for the Financial Regulation Division and the agency;
  • participates in special projects as assigned which may include development of rules, legislation, procedures, and other requirements; and
  • performs other duties as assigned.

Qualifications

Graduation from an accredited four-year college or university with a degree in actuarial science, statistics, mathematics, insurance, or in related field.  Education and experience relevant to the position requirements may be substituted for one another on a year-for-year basis.


Additionally, this position requires:

  • five years of actuarial work experience relating to life and health reserves; and
  • an Associates Designation.

Preferences for this position include:

  • a minimum of 8 years of actuarial work experience relating to life and health reserves;
  • actuarial credentials of associate or fellow with the Society of Actuaries; and
  • a member of the American Academy of Actuaries (MAAA) in good standing including maintaining required continuing education requirements.

This position requires demonstrated knowledge of:

  • actuarial analysis, formulas, methods and procedures;
  • reserve requirements and methods for life & health insurance;
  • actuarial non-forfeiture requirements; and
  • actuarial practices and procedures.

This position requires demonstrated skill in:

  • problem solving, decision making, and planning;
  • developing maintaining and applying actuarial methods and formulas;
  • conceptualizing particular actuarial and statistical methodologies; and
  • the use of computer applications to perform actuarial work.

This position requires the demonstrated ability to:

  • apply critical thinking to analyze and solve work problems;
  • interpret insurance laws, regulations, requirements, and actuarial guidelines;
  • communicate and work effectively with all levels of employees and the public;
  • prepare and present comprehensive actuarial examination reports;
  • communicate complex subjects clearly and concisely; and
  • manage multiple projects.

 

EMPLOYMENT WILL BEGIN ON OR AFTER SEPTEMBER 1, 2017

 

Position Details

Opening Date:01/27/2017
Functional Title:Life & Health PBR Actuary (2 Positions)
Classification Title:Actuary IV
Status:Reposted (07/05/17)-Amended (1/30/17)-Internal/External Posting - TDI Employees and General Public
Application Deadline:Until Filled
Pay Group:B27
Monthly Salary: $6,700.00 to $10,000.00
Annual Salary:$80,400.00 to $120,000.00
Job Posting Number:17-127
Division:Financial Regulation Division/Actuarial Office
Location:333 Guadalupe Street, Austin, TX 78701
Travel Required:Up to 50 %

 

For more information, contact:

Last updated: 07/05/2017

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