The Office of Public Insurance Counsel (OPIC) seeks an actuary. The position primarily includes advanced actuarial work. Work involves providing timely actuarial recommendations to the Public Counsel and other work group members as they pertain to the evaluation/analysis of property and casualty rate filings, rule proposals, the interpretation of orders relating to actuarial matters, legislation, and other related policy issues. Work also involves representing the agency as a resource witness at the Texas Legislature, as well as preparing for and participating in administrative hearings and in court as necessary.
This position works under direct limited supervision of the Public Counsel, with considerable latitude for the use of initiative and independent judgment, and considerable flexibility in terms of scheduling and telecommuting. This position will perform other duties as required.
Graduation from an accredited four-year college or university with major coursework in statistics, mathematics, or actuarial science. Property and casualty insurance experience and certification from the Society of Actuaries or the Casualty Actuarial Society is preferred. Advanced degree is preferred but not required. Experience may substitute for advanced education. Must pass background checks.
KNOWLEDGE, SKILLS AND ABILITIES
Knowledge of actuarial formulas, methods, and procedures; and of loss-reserving and pricing methods.
Skill in applying actuarial principles and techniques and in using actuarial computer applications.
Skill in using judgment to identify and recommend courses of action.
Skill in using business computer applications, such as the Microsoft Office suite, SharePoint, and Adobe.
Ability to interpret insurance regulations and procedures and to communicate effectively.
Ability to communicate effectively and write well.
Ability to analyze, prepare, and write correspondence, policies, white papers, and memorandums.
Ability to evaluate and interpret state and federal laws, rules, and regulations.
Ability to successfully work independently with limited supervision.
Ability to review, analyze, and evaluate the impact of legislation, regulations, and/or administrative rules affecting consumers and policyholders.
Ability to represent the agency at hearings and other venues as required.
About State of Texas: Office of Public Insurance Counsel
The Texas Legislature established the Office of Public Insurance Counsel (OPIC) as an independent agency in 1991. OPIC represents the interests of Texas consumers in insurance matters.
OPIC reviews and analyzes insurance rates, rules, and policy forms. As a result of these reviews, OPIC may make comments, raise concerns, or file formal objections. The agency may also intervene as a party in rate hearings before the Commissioner of Insurance and the State Office of Administrative Hearings.
OPIC recommends legislation to the Texas Legislature that benefits insurance consumers. OPIC also provides resource testimony and information on insurance issues.
CONSUMER EDUCATION AND OUTREACH:
One of OPIC’s most important duties is consumer education and outreach. The agency annually develops a Health Maintenance Organization (HMO) report card so consumers can evaluate HMOs’ quality of care and consumer satisfaction. OPIC produces consumer bills of rights to help Texans understand their rights under the law. Staff also assists consumers over the phone and by email.
OPIC creates informational postcards, brochures, and other materials for consumers. OPIC also educates consumers through its website and social media applications.