PAY GRADE: 026
CLASS TITLE:SENIOR ACTUARIAL ANALYST
ALLOCATION FACTOR(S)
This is independent professional work reviewing, analyzing, and evaluating complex insurance filing data; conducting actuarial studies; evaluating trends, and consulting with management on technology and business operations.
EXAMPLES OF WORK PERFORMED:
(Note: The examples of work as listed in this class specification are not necessarily descriptive of any one position in the class. The omission of specific statements does not preclude management from assigning specific duties not listed herein if such duties are a logical assignment to the position. Examples of work performed are not to be used for allocation purposes.)
- Reviews insurance industry rate filings.
- Monitors actuarial assumptions used by industry.
- Provides technical advice for projects concerning insurance data.
- Conducts or executes special projects in behalf of the Department.
- Prepares records and reports.
- Responds to inquiries concerning filing data.
- Directs the work assignments of analysts and administrative personnel.
- Participates in strategic planning for Department goals.
- Participates in enterprise projects.
KNOWLEDGE, SKILLS AND ABILITIES:
(Note: The knowledge, skills and abilities (KSA's) identified in this class specification represent those needed to perform the duties of this class. Additional knowledge, skills and abilities may be applicable for individual positions in the employing agency.)
- Knowledge of actuarial practices and procedures.
- Knowledge of methods of compiling, organizing and analyzing data.
- Skill in applying actuarial principles and techniques.
- Ability to interpret and follow insurance regulations and procedures.
- Ability to review and analyze insurance industry rate filings.
- Ability to monitor actuarial assumptions.
- Ability to use computer applications to perform actuarial work.
- Ability to prepare records and statistical reports.
- Ability to plan, organize, and coordinate work activities.
- Ability to communicate effectively.
- Ability to establish and maintain effective working relationships with others.
MINIMUM QUALIFICATIONS
- A bachelor's degree from an accredited college or university with a major course of study in mathematics, statistics or insurance and four years of professional experience in compiling and analyzing actuarial or statistical data; or
- A master's degree from an accredited college or university with major course of study in mathematics, statistics, or insurance and two years of experience as described above; or
- A bachelor's degree from an accredited college or university and completion of 80 credits by the Society of Actuaries exam syllabus or completion of three complete exams by the Casualty Actuarial exam syllabus.
- Experience as described above may substitute on a year for year basis for the required college education.
EFFECTIVE:
10/21/1996
HISTORY: