TDI - Financial Regulation - Actuary IV

Please paste the following URL into a browser to view the entire job posting on the CAPPS Careers page.https://erphcmprd.cpa.texas.gov/psp/candidateportal/EMPLOYEE/HRMS/c/HRS\_HRAM\_FL.HRS\_CG\_SEARCH\_FL.GBL?Page=HRS\_APP\_JBPST\_FLandAction=UandFOCUS=ApplicantandSiteId=1andJobOpeningId=106360andPostingSeq=1Agency InformationDo you have a passion for public state service and enjoy making a difference? The Texas Department of Insurance (TDI) is hiring! We regulate the insurance industry, administer the Texas workers' compensation system, perform the duties of the State Fire Marshal's Office, and educate and protect consumers. Apply now if you're looking for a rewarding career in public service. The Texas Department of Insurance is in the Capitol Complex, in the Barbara Jordan Building at 1601 Congress Avenue in Austin, near the Texas Capitol. Benefits of working at TDI:Flexible work schedules.Work-life-balance.96 hours of accrued vacation a year.96 hours of accrued sick leave a year.20+ holidays every year.Career advancement opportunities.Free parking. 401(k) and 457 Programs. State of Texas retirement plan with a lifetime annuity through the Employee Retirement System of Texas (ERS).Free comprehensive medical insurance for full-time employees and 50% off premium costs for dependents. Optional benefits like dental, vision, life insurance, and many more.Qualified employer for the Federal Public Service Loan Forgiveness Program. Some benefits for part-time employees are earned proportionately to the hours worked. Before you apply:TDI does not sponsor or assume sponsorship of an employment visa.Learn about our selection process, our military employment preference, licensing, and credential requirements. Job DescriptionActuary IV (Life Actuary) This position performs advanced (senior-level) actuarial work to support strategic objectives. Work involves performing actuarial analysis and examination of reserves and other actuarial matters. May supervise the work of others. Works under minimal supervision with considerable latitude for the use of initiative and independent judgment. Essential Job DutiesThis position:Participates in the actuarial portion of comprehensive financial examinations of life insurance companies and other related entities and prepare examination reports and workpapers. Performs reviews of actuarial opinions, supporting actuarial reports, and other related actuarial analysis. Performs actuarial analysis of specific transactions and agreements as needed to determine actuarial appropriateness, compliance with requirements, and appropriate financial statement presentation. Reviews workpapers and reports prepared by others.Provides feedback, support, and technical assistance to others as applicable. Completes relevant continuing education, including meeting the minimum requirement to maintain actuarial credentials.Participates in special projects as assigned such as assisting with development of rules, legislation, actuarial guidelines, and Valuation Manual requirements.Performs other duties as assigned. Minimum QualificationsThis position requires: Graduation from an accredited four-year college or university, preferably with a major in statistics, mathematics, actuarial science, or related field. A minimum of four (4) years of relevant actuarial work. Regular work attendance. Travel may be required for up to 25% of the time.If travel is 10% or more, you must maintain a state of Texas Drivers License.Note: Education and experience may be substituted for one another on a year-for-year basisMust be eligible for the bond-related provisions of Insurance Code Section 401.106 and take the oath required by Insurance Code Section 401.105. Registration, license, or certification required:Associate or Fellow with the Society of Actuaries and a member of the American Academy of Actuaries in good standing including maintaining required continuing education credits. RESUME REQUIRED WITH SUBMISSION OF APPLICATION Additional job detail :The position may be eligible for a hybrid work schedule. If eligible, the employee must have a secure, dedicated workspace with reliable broadband internet service. The ideal candidate must be available for weekly meetings and group collaboration via Microsoft Teams and other applications during regular business hours. Preferred QualificationsPreferences for this position include: Actuarial work experience relating to reinsurance, ALM, PBR, reserving, solvency regulation, and/or auditing for life insurance and annuity products. Knowledge/Skills/AbilitiesThis position requires demonstrated knowledge of:State laws, rules, procedures, and regulations relevant to job requirements.Actuarial formulas, methods, procedures, professional guidance (ASOPs, Practice Notes, etc.).Relevant industry studies and data sources. Regulatory requirements for life insurance. Accounting and auditing principles. This position requires demonstrated skill in:Problem solving and critical thinking.Using Microsoft Office software applications, including Word, Excel, Outlook, and SharePoint.Using personal computers sufficient to enter and extract data from related systems and programs such as Centralized Accounting Payroll and Personnel (CAPPS) and other systems required to perform the job.Operating a motor vehicle in a safe and courteous manner in compliance with traffic laws. Interpreting insurance laws, regulations, requirements, and actuarial guidelines. Effectively applying actuarial principles, techniques, and insights. Developing, maintaining, and applying actuarial methods and formulas. Conceptualizing particular actuarial and statistical methodologies. Applying critical thinking to analyze problems and form insightful conclusions. Communicating complex subjects in a clear and concise manner. Preparing documentation that is clear, concise, accurately describes work performed, and supports conclusions. This position requires the demonstrated ability to:Communic