Insurance Actuarial Analyst 3

Responsibilities

• Analyze complex Property and Casualty Insurance rate filings for reasonableness of rate structure and determine if rates are adequate, not excessive, nor unfairly discriminatory according to sound actuarial principles.
• Ensure compliance of rates with applicable state and federal laws and policies.
• Notify insurance companies of compliance issues with their rates, provide necessary information to filers, and approve rates for use in Ohio.
• Research and understand relevant compliance requirements.
• Create and maintain compliance review tools and provide analysis of data.
• Provide direction, training, and peer reviews of work completed by lower‑level insurance actuarial analysts.

Compensation & Benefits

Unless required by legislation or union contract, the final candidate can expect to be paid at the lowest step in the pay range (step 1). As an Insurance Actuarial Analyst 3, you will receive a raise after six months and yearly step increases until you reach the top level of the pay range. Possible cost‑of‑living adjustments (COLA) and longevity supplements begin after five years of state service.

The State of Ohio provides a variety of quality, competitive benefits to eligible full‑time and part‑time employees. For a complete list of State of Ohio benefits, visit the Total Rewards website.

Qualifications

• Completion of an undergraduate core program in mathematics.
• Completion of three CAS examinations for positions in the Property & Casualty Division, or three SOA examinations for positions in the Life & Health, Managed Care, or Financial Regulation Divisions (or equivalent combinations of CAS/SOA exams).
• Four years of actuarial experience pertinent to the assigned division (e.g., managed care experience for Managed Care Division, property & casualty experience for Property & Casualty Division, etc.).
• Twenty‑four months of experience operating a personal computer.

Skills

• Technical: Regulatory compliance, insurance, statistics/mathematics.
• Professional: Analytical thinking, critical thinking, decision making.

Agency Overview

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, ODI’s mission is to provide consumer protection through education and fair but vigilant regulation while promoting a stable and competitive environment for insurers.

Additional Information

Location: 50 W Town St, Columbus, Ohio (Franklin County).
Schedule: Full‑time.
Classification: Classified position represented by the OCSEA union.
Contact: Kim Lowry, Insurance Agency – 614‑644‑2681.