Texas Department of Motor Vehicles

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TDI - Actuary IV (Life & Health PBR Actuary)

at Texas Department of Motor Vehicles

Posted: 3/2/2019
Job Status: Full Time
Job Reference #: 00003025
Keywords: health

Job Description

Status: Internal/External Posting – TDI Employees and General Public
Job Posting Number: 0003025 (2 Positions)
Division: Financial Regulation Division / Actuarial Office
Location: 333 Guadalupe Street, Austin, TX 78701
Travel required: Up to 50%

The Texas Department ofInsurance (TDI) is a state agency that regulates the insurance industry,administers the Texas workers' compensation system, and works to educate andprotect consumers.
 
Before you apply, please click or copy and paste the following link into your browser: http://www.tdi.texas.gov/jobs/apply.html for more information about working for the Texas Department of Insurance (TDI).
 
Actuary IV (Life & Health PBR Actuary)
The Life & Health Principle-Based Reserves (PBR) Actuary performs actuarial analysis and examination of life and health insurance company reserves with a focus on review and analysis of Principle-Based Reserves (PBR) and asset adequacy analysis including the analysis of other actuarial items under the requirements provided by the Valuation Manual. 
 
This position:
-performs actuarial analysis of PBR, asset adequacy analysis, and other requirements for life and health insurance companies as provided in the Valuation Manual adopted by the department;
-provides reports for Financial Examinations / Analysis as appropriate to summarize actuarial analysis;
-participates in actuarial examinations of life and health insurance 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.


Qualifications

This position requires: 
Graduation from an accredited four-year college or university with a degree in actuarial science, statistics, mathematics, insurance, or other related field. Education and experience relevant to the position requirements may be substituted for one another on a year-for-year basis.
-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 continuing education requirements. 
 
RESUMES ARE REQUIRED WITH SUBMISSION OF APPLICATION
 
This position requires demonstrated knowledge of:
-actuarial analysis, formulas, methods and procedures;
-reserve requirements and methods for life and 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;
-managing multiple projects; and
-the use of computer applications to perform actuarial work.
 
This position requires the demonstrated ability to:
-apply actuarial principles and techniques;
-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; 
-manage multiple projects; and
-satisfy the conditions required to maintain fully-qualified driving status.
 
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.
 
Veterans: Click or copy and paste the following link into your browser: www.texasskillstowork.com for assistance with translating your military work experience and training courses into civilian job terms, qualifications/requirements and skill sets.
 
How to apply:
All applications must contain complete job histories, which includes job title, dates of employment, name of employer, supervisor's name and phone number and a description of duties performed. If this information is not submitted, your application may be rejected because it is incomplete. Resumes do not take the place of this required information.
 
SUBMITTED THROUGH WORK IN TEXAS: Work In Texas (WIT) applicants must complete the supplemental questions to be considered for the posting.
 
In order to complete the supplemental questions, please go to CAPPS Career Center to register or login and access your profile by clicking or copying and pasting the following link into your browser: https://capps.taleo.net/careersection/ex/jobsearch.ftl?lang=en.