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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 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 of 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 one of the following: Military Occupational Specialty codes are not available at this time.

Additional Military Crosswalk information can be accessed at:

http://www.hr.sao.texas.gov/Compensation/MilitaryCrosswalk/MOSC_Insurance.pdf

Veterans: Go to www.texasskillstowork.com for assistance with translating your military work experience and training courses into civilian job terms, qualifications/requirements and skill sets.

Current opportunity: Actuary

Internal/External – TDI employees and the General Public

The Actuary performs routine actuarial work in the Life and Health Actuarial Office of the Regulatory Policy Division. Work involves performing actuarial analyses and providing advice to staff on actuarial matters. The Life and Health Actuarial Office reviews rates for life and health insurance policies.


This position:

  • conducts actuarial review and analysis of life, health, and HMO rate filings to ensure compliance with the Texas Insurance Code and Texas Administrative Code;
  • prepares summaries of findings and makes recommendations for the approval or disapproval of regulated rates;
  • assists in the actuarial review of life and health policies, contract forms, and endorsements;
  • reviews actuarial opinions, reports, and memorandums for rate filings, form filings, and information submitted to comply with rate filing requirements or special data requests;
  • conducts research, assists with data calls, assists with data review and analysis, and assists with the preparation of technical reports to monitor the insurance market; and
  • assists in assessing the impact of existing and proposed legislation or policies on agency programs with regard to actuarial matters and may provide input on rules and proposed legislation.

Qualifications

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

College transcript required with submission of application.  Professional exams passed toward associateship in the Society of Actuaries must be listed in the application, resume, or cover letter.  Email transcripts to HumanResources@tdi.texas.gov.


Additionally, this position prefers:

  • six months experience in the actuarial field and one exam toward associateship in the Society of Actuaries.
  • experience in life and health insurance.


This position requires demonstrated knowledge of:

  • actuarial formulas, methods, and procedures;
  • loss reserving and pricing methods, assumptions, and calculations; and
  • applicable laws, rules, regulations, policies, and procedures.

This position requires demonstrated skill in:

  • developing goals and objectives;
  • problem solving, decision making, and planning;
  • applying actuarial principles and techniques;
  • using personal computers to enter and extract data from related systems and programs, and using Microsoft Office software applications including Word, Excel, PowerPoint, Access, and Outlook.

This position requires the demonstrated ability to:

  • communicate and work effectively with all levels of employees and the public;
  • 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; and
  • interpret rules, regulations, policies, and procedures.

 

Written and computer skills tests may be administered during the interview.

Position details

Opening date:06/21/2018
Functional title:Actuary
Classification title:Actuary I
Status:Internal/External – TDI employees and the General Public
Application deadline:Until Filled
Pay group:B21
Monthly salary: $4,166.67
Annual salary:$50,000.04
Job posting number:18-278
Division:Regulatory Policy / Life and Health Actuarial Office
Location:333 Guadalupe Street, Austin, TX 78701
Travel required:5 %

 

For more information, contact:

Last updated: 6/21/2018