Actuary jobs in Louisiana
Actuary utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Being an Actuary assists with product design and development by analyzing risk groups and calculating appropriate insurance rates, premium levels, and rating systems and structures. Records and tracks accruals, claims, and settlements and prepares documents for input into regulatory filings, financial budgets, forecasts, and other financial projections. Additionally, Actuary applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Requires a bachelor's degree. Must be currently pursuing the designation of ASA (Associate) in the Society of Actuaries. Typically reports to a manager. The Actuary work is closely managed. Works on projects/matters of limited complexity in a support role. To be an Actuary typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Recently Added Actuary jobs
Actuary - UNCL
- State of Louisiana
-
Baton Rouge, LA
OTHER
-
This vacancy is located in the Office of Financial Solvency and is an Unclassified position. Depending on experience, annual salary is $110,000 - $150,000.
Join a dynamic actuarial team within a traditional and supportive work environment.
The position will support all Life and Health insurance business, with a strong preference to candidates who can provide Life Insurance expertise. Project work and investigative studies will include a combination of pricing, reserving, and other topics. Candidates who are willing to adapt to both conventional and unconventional roles as the need arises are encouraged to apply.
Position will be structured to fit the experience level of the candidate.
Responsibilities include, but are not limited to:- Review Life and Health annual statement submissions for actuarial compliance and company solvency.
- Review Long-Term care and Medicare Supplement rate increase filings and recommend approval or denial of requested rate increase.
- Provide actuarial support to the Louisiana State Legislation.
- Provide other actuarial support as needed to the financial analysts, financial examiners and other Department staff as needed.
- Desire to impact the insurance industry in a meaningful way, stay advised of industry trends, and keep current on new techniques.
- Exchanges ideas and conveys complex information clearly and concisely, both verbally and in writing, to other actuaries and non-actuaries alike.
- Strong analytic skills with solid understanding of actuarial techniques, standards, and assumptions for Life Insurance and Health Insurance pricing and reserving.
- Ability to work on multiple projects and prioritize work without extensive direction from supervisor.
- Knowledge of:
- Life and Health statutory reserves, Statement of Actuarial Opinion and Actuarial Memorandum.
- Actuarial structure of Long-Term Care and Medicare Supplement ratemaking.
- Life and Health insurance operations.
- Current activity of the Life and Health actuarial committees of the NAIC.
- Familiarity with, and the ability to utilize, various business software applications.
- FSA or ASA, and be a member in good standing with the Society of Actuaries. Near-ASA will be considered for a more junior role.
- 5 years or more Life Insurance actuarial experience. Compensation will reflect the experience level of the candidate.
Based on qualifications. Position will be structured to fit the experience level of the candidate. Benefits include flexible work schedules, telework, health insurance and defined benefit pension plan.
About Louisiana Department of Insurance:
The Louisiana Department of Insurance (LDI) works diligently to balance the needs of insurance consumers with the insurance industry’s need to run a competitive business. As a regulator, the LDI enforces the laws that provide a fair and stable marketplace with transparent rules so one insurer does not have an unfair competitive advantage over any other insurers. The LDI also works to make certain that insurers comply with all the laws in place to protect policyholders.
Louisiana boasts an attractive cost of living along with a passion for food, history, culture, and great outdoors. The LDI is located on Capitol Lake in Baton Rouge.
The LA Department of Insurance is a State As a Model Employer (SAME) agency that supports improved employment opportunities for individuals with disabilities.
For further information about this vacancy contact:
Lori G. Blair
Louisiana Department of Insurance
P.O. Box 94214
Baton Rouge, LA 70804
lori.blair@ldi.la.gov - 18 Days Ago
Associate Actuary
- Highmark Health
-
LA, LA
FULL_TIME
- Description JOB SUMMARY This job is a senior level actuarial analyst position that initiates and leads the development of actuarial studies and analyses, making appropriate recommendations to actuaria...
- 1 Month Ago
Actuary jobs at Popular Companies
Actuary
- USAA
-
Phoenix, AZ
- Why USAA? Why USAA? Lets do something that really matters. At USAA, we have an important mission: facilitating the finan...
- 4/25/2024 12:00:00 AM
Actuary
- Berkley
-
Manassas, VA
- Company Details: BerkleyNet is an innovative workers compensation insurance provider that does all our business online. ...
- 4/25/2024 12:00:00 AM
Actuary
- Hire Integrated
-
Chicago, IL
- Job Description Job Description Salary: DOE Office Location: Arlington Heights, IL, or City Center of Chicago, IL Workpl...
- 4/25/2024 12:00:00 AM
Actuary
- Humana
-
Oklahoma City, OK
- Become a part of our caring community and help us put health first The Actuary, Analytics/Forecasting analyzes and forec...
- 4/24/2024 12:00:00 AM
Actuary
- Humana
-
Trenton, NJ
- Become a part of our caring community and help us put health first The Actuary, Analytics/Forecasting analyzes and forec...
- 4/24/2024 12:00:00 AM
Actuary
- USAA
-
Colorado Springs, CO
- Why USAA? Why USAA? Lets do something that really matters. At USAA, we have an important mission: facilitating the finan...
- 4/23/2024 12:00:00 AM
Actuary
- USAA
-
Tampa, FL
- Why USAA? Lets do something that really matters. At USAA, we have an important mission: facilitating the financial secur...
- 4/22/2024 12:00:00 AM
ACTUARY
- PRI Technology
-
Whitehouse Station, NJ
- Job Description Job Description ACTUARY My name is Bill Stevens and I have a new twelve month plus Actuary opportunity a...
- 4/21/2024 12:00:00 AM
About Louisiana
Louisiana is bordered to the west by Texas; to the north by Arkansas; to the east by Mississippi; and to the south by the Gulf of Mexico.
The state may properly be divided into two parts, the uplands of the north, and the alluvial along the coast.
The alluvial region includes low swamp lands, coastal marshlands and beaches, and barrier islands that cover about 20,000 square miles (52,000 km2). This area lies principally along the Gulf of Mexico and the Mississippi River, which traverses the state from north to south for a distance of about 600 mi (970 km)) and empties into the Gulf of Mexico; ...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Actuary jobs
$69,961 to $87,546
Most Popular Cities in Louisiana for Actuary Jobs
What does an Actuary do?
Actuary in Philadelphia, PA
An actuary can study the market, the risk it exposes their clients/firms to and try to strategize accordingly.
October 07, 2019
Actuary in Raleigh, NC
Reserving actuary does this by studying patterns from the past or expert opinion.
December 05, 2019
Actuary in Vincennes, IN
It provides a useful starting point for those considering a career as an actuary.
December 12, 2019