Life and Health Actuary

$90,002 - $109,990/Yr

State of Nebraska - Lincoln, NE

Full-time - Entry Level

Lincoln, NE

Executive, Legislative, and Other General Government Support

About the position

The Life and Health Actuary position at the Nebraska Department of Insurance offers a unique opportunity for individuals interested in actuarial work within a supportive and collaborative environment. This role involves performing actuarial analysis and examination work to ensure compliance with state regulations related to life and health insurance companies. The position is ideal for both recent graduates and credentialed actuaries, providing a balance of work-life flexibility and professional development opportunities.

Responsibilities

• Engage with outside actuaries from insurance companies and other state insurance departments to identify necessary actuarial analyses.
• Collaborate with internal managers to develop approaches for actuarial analysis on reserving, rating, and financial issues.
• Lead small teams of actuarial students and financial analysts to complete actuarial calculations.
• Perform analysis of life reinsurance contracts and review related risk transfer.
• Conduct reserve risk analysis for financial examinations of life insurance companies.
• Review the Appointed Actuary's annual Statement of Actuarial Opinion on reserves and associated actuarial memorandums.
• Analyze Principal Based Reserves submitted by life insurers and determine adequate life insurance reserves as specified by law.
• Inspect reserves of all domestic life insurance companies to ensure soundness and compliance with statutory minimums.
• Review life company form filings and participate in committees at the National Association of Insurance Commissioners (NAIC).

Requirements

• Bachelor's Degree in actuarial science, statistics, or a related field.
• Proficiency in Microsoft Excel, SQL, and R for data analysis.
• Strong analytical and problem-solving skills.
• Excellent communication skills to explain complex concepts to non-technical stakeholders.
• Entry-level candidates should have passed at least one or two actuarial exams and have relevant internships or work experience.

Nice-to-haves

• Previous work experience in finance, insurance, or data analysis.
• Experience leading teams or projects in an actuarial context.

Benefits

• Paid holidays
• Health insurance
• Dental insurance
• Tuition reimbursement
• Military leave
• Paid time off
• Employee assistance program
• Vision insurance
• Loan forgiveness
• Life insurance