Actuary jobs in Baton Rouge, LA
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 - 16 Days Ago
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0 Actuary jobs found in Baton Rouge, LA area
Financial Advisor
- Brian Low Financial Group
-
Baton Rouge, LA
- Financial Advisor Are you looking to expand your career and be part of a successful team? Are you driven, self-motivated...
- 4/23/2024 12:00:00 AM
Financial Advisor
- Prudential Financial
-
Baton Rouge, LA
- We are looking for Experienced Advisors to join our Team at Southern Financial Group! You've built a successful practice...
- 4/22/2024 12:00:00 AM
Experienced Financial Advisor
- Cetera Financial Group
-
Baton Rouge, LA
- Help your clients follow their dreams, while you create a stronger future for yourself as a financial representative wit...
- 4/22/2024 12:00:00 AM
Financial Advisor
- Prudential Financial
-
Baker, LA
- The ideal candidate will deliver personalized investment solutions to help clients work toward their long-term financial...
- 4/21/2024 12:00:00 AM
Financial Advisor
- Prudential Financial
-
Baton Rouge, LA
- We are looking for Experienced Advisors to join our Team at Southern Financial Group! You've built a successful practice...
- 4/20/2024 12:00:00 AM
Financial Advisor Assistant
- Losey
-
Baton Rouge, LA
- Are you awesome? Awesome at MS Office, Adobe, and web applications? Losey Insurance and Financial Services seeks to hire...
- 4/20/2024 12:00:00 AM
Financial Advisor
- Cetera Investment Services LLC
-
Baton Rouge, LA
- Cetera Investment Services is searching for a Financial Advisor for: Hancock Whitney Financial Consultants located at Ha...
- 4/19/2024 12:00:00 AM
Financial Advisor Assistant
- Losey
-
Baton Rouge, LA
- Are you awesome? Awesome at MS Office, Adobe, and web applications? Losey Insurance and Financial Services seeks to hire...
- 4/19/2024 12:00:00 AM
About Baton Rouge, Louisiana
Baton Rouge (/ˌbætən ˈruːʒ/ BAT-ən ROOZH; from French bâton rouge [bɑtɔ̃ ʁuʒ] (listen), meaning 'red stick') is the capital of the U.S. state of Louisiana. Located on the eastern bank of the Mississippi River, it is the parish seat of East Baton Rouge Parish, the most populous parish in Louisiana. It is the 99th most populous city in the United States, and second-largest city in Louisiana after New Orleans. It is also the 16th most populous state capital. As of the U.S. Census Bureau's July 2017 estimate, Baton Rouge had a population of 227,549, down from 229,493 at the 2010 census. Baton Rou...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Actuary jobs
$69,888 to $87,454
Baton Rouge, Louisiana area prices
were up 1.2% from a year ago
were up 1.2% from a year ago
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