Actuary – Property & Casualty Near ACASACAS
Job Location:
Wake County, NC - USA
Monthly Salary:
Posted:
Application Deadline:
Vacancies:
Job Summary
Agency
Dept of InsuranceDivision
AdministrationJob Classification Title
Actuary - Property & Casualty (NS)Position Number
Grade
NC25About Us
The mission of the North Carolina Department of Insurance is to promote a stable insurance market through unbiased regulation and to protect the lives and property of every citizen in all 100 counties while fostering superior user-friendly service courtesy and respect. Our agency licenses insurance agents adjusters bail bondsmen and more along with investigating fraud matters involving insurance consumers and any entity or individual regulated by the an ever-changing environment it is the vision of the Department of Insurance to maintain the stabilization of the insurance industry in order to provide more products competitive prices and consumer protection.
Description of Work
Salary Recruitment Range: $80636 - $101500Salary Grade: NC25
*This is a repost previous applicants need not reapply.
The posting will close at 11:59 p.m. the night before the closing date.
*This position is open to both ACAS and Near-ACAS candidates. Near-ACAS applicants (with 4 exams and 2 years of experience) may be eligible for our Actuarial Program. For additional information regarding trainee status please visit:
This position currently qualifies for a hybrid telework option with routine office and up to one remote workday per week. The NC Department of Insurance trusts our employees to be self-motivated and successful in hybrid/remote roles. Telework options are subject to change at the discretion of management.
Primary Purpose of the Position:
Positions in this class assemble and analyze data to estimate the probability and likely cost of the occurrence of an event such as liability loss of property or loss of use of property. Positions are responsible for providing consultation and professional recommendations to various divisions within the agency or department. The range of duties includes but is not limited to reviewing data/information and making recommendations concerning rate rule and policy form filings; reviewing Statements of Actuarial Opinion and advising of any deficiencies; participating in rate hearings including expert witness testimony as required; conducting surveys or data calls of insurers; providing consultation and recommendations concerning proposed legislation new insurers and consumer-related issues. Positions may perform additional duties as assigned by supervisor.
Knowledge Skills and Abilities/Management Preferences
Effective July 1 2025 candidates now meet the minimum qualifications of a position if they have the minimum education and experience listed from the class specification. The knowledge skills and abilities listed in the vacancy announcement should be used as management preferences and be used to screen for the most qualified pool of applicants.
Management Preferences:
- Considerable level of professional knowledge in Property & Casualty and keeps up with current developments and trends.
- Actively pursuing or have obtained credentials with the Casualty Actuarial Society (CAS) and the American Academy of Actuaries (AAA). Must have passed at least 4 CAS exams.
- Considerable knowledge of North Carolina laws and regulations as they relate to actuarial practice.
- Considerable knowledge of agency policies and practices in regard to issues arising in rate revision negotiations or rate hearings.
- Ability to effectively communicate complex information verbally and in writing; keeps coworkers and managers informed of project progress.
Minimum Education and Experience
Some state job postings say you can qualify by an equivalent combination of education and experience. If that language appears below then you may qualify through EITHER years of education OR years of directly related experience OR a combination of both. See the Education and Experience Equivalency Guide for details.
Bachelors degree in actuarial science mathematics statistics business or a closely related field from an appropriately accredited institution and four years of professional actuarial experience and Associate status in the Casualty Actuarial Society (CAS) or an equivalent combination of education and experience.
Actuarial Program Education and Experience:
Bachelors degree in actuarial science mathematics statistics business or a closely related field from an appropriately accredited institution and two years of professional actuarial experience. Associate status in the Casualty Actuarial Society (CAS) is expected (but not required) within two years. To be considered for the Actuarial Program candidate must have passed at least 4 CAS exams and have 2 years of professional actuarial experience.
*If there are no qualified candidates remaining in the applicant pool who meet the minimum Education and Experience or Management Preferences required for the position the agency may consider for this position an applicant who does not meet the minimum requirements. Salary for a near ACA/trainee may be set at a lower level than the classification salary range and recruitment range listed in the posting with salary adjustments made as the near ACA/trainee obtains the additional education and experience necessary to fully meet the minimum qualifications outlined in the classification specification.*
Benefits of NC State Employment:
We value our employees and offer a wide varietyof competitive and family-friendly benefits. Benefits include:
- 12 Annual paid Holidays
- North Carolina State Health Plan administered by AETNA
- Supplemental Benefits including: Flexible Spending Accounts Accident Insurance Cancer & Specified Disease Critical Illness Dental and Vision
- NC State Retirement (TSERS)
- WeSave Employee Discounts
Learn more about employee perks/benefits:
Supplemental and Contact Information:
For consideration for this vacancy all applicants must complete an online application using the APPLY button above.
To receive credit for your work history and credentials you must list the information on the State Application. Any information omitted from your application cannot be considered for qualifying credit.
***Applications with see attached or resumes in lieu of completed education and work experience on the formal application will be deemed incomplete and will not be eligible for consideration for the vacancy***
Applications for positions requiring specific coursework must be accompanied by a copy of the applicants transcript.
The Department of Insurance/Industrial Commission may conduct criminal history checks of all job applicants recommended for employment. Failure to accurately acknowledge information on criminal convictions on the state application form will be grounds for non-consideration of applications disciplinary action and possible criminal prosecution.
The Department of Insurance/Industrial Commission is anEqual Employment Opportunityemployer and uses the merit-based recruitment and selection plan to fill positions subject to the State Personnel Act with the most qualified individuals.
- Academic Degrees must be from appropriately accredited institutions and will be verified. If you are selected for a position at DOI/IC your academic credentials will be verified.
- Applicants requesting and receiving an accommodation under the Americans with Disabilities Act (ADA) are eligible to submit paper applications via mail or by fax.
- Applicants seeking Veterans Preference under N.C.G.S .126 must submit a DD Form 214 Certificate of Release or Discharge from Active Duty. This information may be attached to the online application or be faxed on or before the closing date.
Applicants may check the status of their application for a vacancy at any time by logging in to the government jobs system. Once the applicant has logged in the status of each submitted application is documented next to each vacancy for which they have applied.
For more information about NCDOI: Statement
The State of North Carolina is an Equal Employment Opportunity Employer and dedicated to providing employees with a work environment free from all forms of unlawful employment discrimination harassment or retaliation. The state provides reasonable accommodation to employees and applicants with disabilities; known limitations related to pregnancy childbirth or related medical conditions; and for religious beliefs observances and practices.
Recruiter:
Gretchen Marie SenezRecruiter Email:
