The Department of Regulatory Agencies (DORA) is dedicated to preserving the integrity of the marketplace and is committed to promoting a fair and competitive business environment in Colorado. DORA is a progressive, innovative government agency where employees and customers alike are valued.
This position is within DORA’s Division of Insurance which regulates the insurance industry and assists consumers and other stakeholders with insurance issues. The team assists the Division of Insurance with protecting consumers by implementing and executing statutory requirements and provisions of an actuarial nature regarding rate and other filings and the conduct of financial examinations. This position will perform financial examination and reserving work for Life and Property and Casualty (P&C) companies, and P&C rate review work performed by the Actuarial section. This position will guide other staff members relating to examination, rate review and financial analysis work, and recommend review standards to the Chief Actuary.
If you are interested in becoming a part of an environment where creative thinking, customer service, and protecting consumers through healthy regulation is valued, DORA is the place for you!
NOTE: A residency waiver has been granted for this announcement. Applications will be considered from residents and non-residents of Colorado.
You can only apply for this position via the State of Colorado's Job Opportunities Website, you may apply by clicking APPLY HERE.
MINIMUM QUALIFICATIONS (MQs):
Bachelor's degree from an accredited institution in actuarial science, mathematics, applied mathematics, statistics, finance, economics, or a field of study related to the work assignment; AND
Three (3) years of actuarial work in a regulated insurance company, in a consulting actuarial firm, or in governmental work regulating insurance companies or other financial or insurance entities.
Document this experience in your application IN DETAIL, as your experience will not be inferred or assumed. Part time experience will be prorated.
Necessary Special Requirements:
Candidates must have completed at least two (2) exams from the Society of Actuaries (S.O.A.) or the Casualty Actuarial Society (C.A.S.) by the time of application.
NOTE: You must attach a copy of your transcript of completed exams for verification. Failure to do so will prohibit the ability to verify whether you meet special requirements and you may not move forward in the process.
A combination of professional work experience as described above, which provided the same kind, amount, and level of knowledge acquired in the required education, may be substituted for the bachelor's degree on a year-for-year basis.
A master's or doctorate degree from an accredited college or university in a field of study related to the work assignment may be substituted for the bachelor's degree and one year of experience.
Required Competencies: The following knowledge, skills, abilities, and personal characteristics are required competencies and may be considered during the selection process (including examination and/or interview):
Ability to work with and appropriately handle confidential and/or sensitive information;
Demonstrated communication skills (oral and written);
Keen attention to detail;
Knowledge of Actuarial Standards of Practice;
Knowledge of data modeling concepts;
Strong judgment and confidence in decision-making skills;
Demonstrated analytical and problem-solving skills;
Comfortable demonstrating expertise in front of authorities;
Demonstrated interpersonal skills and the ability to work well within a team;
Creativity and flexibility, with an ability to adapt to new changes;
Knowledge and understanding of the use of PC software applications, including Microsoft Office (Word and Excel), as well as the use of databases.
Completion of four (4) or more A.S.A. or C.A.S. actuarial exams;
Experience working on Financial Exams of Life and P&C Companies;
Experience with Principal Based Reserving (PBR) and Own Risk Solvency Assessment (ORSA);
Experience reviewing or using P&C rating models used by regulated entities;
Experience using statistical rating models, such as General Linear Models (GLMs).
Conditions of Employment: Candidates who fail to meet the conditions of employment will be removed from consideration.
The successful passing of a reference check and/or, if required, a background check.
A reference check may include but is not limited to: contacting previous and current supervisors to verify employment and discuss performance, a review of the personnel file, a review of the performance record, etc.
The type of background check depends on the job duties of the position, and can include a review of any criminal record, credit report, and/or driving record.
This position requires the ability to travel in and out of the state. The amount and frequency of the travel will be determined based on the needs of the division. Travel is required up to 5% of the time, including staying out over weekends when required.
Internal Number: SFA 4014
About Department of Regulatory Agencies (DORA)
The Department of Regulatory Agencies (DORA) is dedicated to preserving the integrity of the marketplace and is committed to promoting a fair and competitive business environment in Colorado.
Consumer protection is our mission.