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  • Actuary

    Baton Rouge, Louisiana United States Louisiana Department of Insurance Full Time 120,000-150,000 Dec 13, 2024
    Louisiana Department of Insurance Employer:

    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.

    Job Description

    Join a dynamic actuarial team within a traditional and supportive work environment.

    Positions are available for a credentialed or near-credentialed actuary with experience in Property & Casualty Insurance, Life Insurance and/or Health Insurance. Project work and investigative studies will include a combination of pricing, reserving, reinsurance, emerging issues and other topics.

    Position will be structured to fit the expertise and experience level of the candidate.

    Responsibilities include, but are not limited to:

    • Review insurance company financial statements and rate filings, including adequacy, consistency, and transparency of key assumptions and methodologies.
    • Collaborate with internal and external stakeholders to investigate and review pricing and insurance methodologies, provide insights, and recommend changes to regulatory leaders.
    • Contribute to the setting of standards and models for best practices relating to rating, solvency, and planning processes, tools, monitors, and implementations.
    • Utilize analytical and industry knowledge to conduct independent reviews of key insurance rating and reserving segments, methodologies, and assumptions.
    • Apply an understanding of the business implications and influence the course of regulatory actions taken.

    Experience/Skills Required:

    • 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 pricing and reserving.
    • Ability to work on multiple projects and prioritize work without extensive direction from supervisor.

    Knowledge of:

    • Financial Statement reserves and Statement of Actuarial Opinion.
    • Actuarial structure of Property & Casualty, Long-Term Care and/or Medicare Supplement ratemaking.
    • Insurance company operations.
    • Familiarity with, and the ability to utilize, various business software applications.
    • FCAS, ACAS, FSA or ASA and be a member in good standing with the Casualty Actuarial Society and/or Society of Actuaries. Near-ACAS or Near-ASA will be considered for a more junior role.
    • 5+ years or more actuarial experience. Compensation will reflect the experience level of the candidate.

    Additional Salary info:

    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.

    Please mention you found this employment opportunity on the CareersInGovernment.com job board.

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Looking For Work? Find Government Accounting Jobs That Match Your Skills

Looking For Work? Find Government Accounting Jobs That Match Your Skills

A career in government accounting offers the unique opportunity to combine your financial expertise with a commitment to serving your community and country.

Whether you're a recent graduate or an experienced professional seeking a new challenge, navigating the government job market can be overwhelming.

Our website is a powerful tool for job seekers, offering a vast database of government accounting positions at the federal, state, and local levels.

However, with so many listings available, it's essential to know how to effectively use the website's features to find the jobs that best align with your skills, experience, and career goals.

Here we'll guide you through the process of finding your ideal government accounting job, providing you with the tools and strategies you need to stand out from the competition and land your dream finance or accounting job.

 

Exploring the World of Government Finance and Accounting Jobs

Government finance and accounting jobs are essential roles that ensure the proper management and oversight of public funds. These positions can be found at various levels of government, including federal, state, and local agencies, each with its unique responsibilities and challenges.

At the federal level, government accountants and financial professionals work for agencies such as the Department of the Treasury, the Internal Revenue Service (IRS), and the Government Accountability Office (GAO).

These roles often involve managing large-scale budgets, conducting financial audits, and ensuring compliance with complex regulations and standards.

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In federal government accounting, your expertise can help shape the financial integrity of our nation.

State and local government accounting jobs, on the other hand, focus on managing the financial resources of specific regions, cities, or municipalities.

Professionals in these roles may work for state comptroller offices, city finance departments, or local school districts, overseeing budgets, preparing financial statements, and providing fiscal guidance to elected officials and policymakers.

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Government accountants play a crucial role in maintaining transparency, preventing fraud and waste, and supporting the delivery of essential public services.

A career in state or local government accounting makes you a guardian of public trust.

In addition to traditional accounting roles, government finance jobs also encompass a range of specialized positions, such as:

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As you review government finance and accounting jobs on our website, keep in mind the unique benefits and challenges of working in the public sector.

In the government finance and accounting job family, positions often offer competitive salaries, excellent benefits, and the opportunity to serve the public interest. However, they also require a strong commitment to accountability, transparency, and adherence to complex regulations and procedures.

 

Utilizing Advanced Search Filters To Narrow Down Your Job Search

One of our most powerful tools is the advanced search filter feature. By leveraging these filters effectively, you can quickly narrow down the vast list of government accounting jobs to find those that best match your specific criteria.

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On the "Accounting and Finance" webpage you can choose your keywords and preferred location using the "Location" filter. You can also search for jobs by state, city, or even a specific government agency under the "Find Jobs" tab.

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Tailoring Your Application Materials: Making Your Resume and Cover Letter Stand Out

In the competitive world of government finance and accounting jobs, your application materials are your first opportunity to make a lasting impression on employers.

To increase your chances of landing an interview, it's essential to tailor your resume and cover letter to the specific requirements and preferences of each position you apply for. For best results, apply on the same date the job is posted.

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Your cover letter is your chance to tell your professional story and convey your passion for public service.

Begin by expressing your enthusiasm for the specific position and organization, demonstrating your knowledge of their mission and goals. Then, provide concrete examples of how your skills and experience align with the job requirements and how you can contribute to the agency's success.

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Conclusion

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Remember, a career in government finance and accounting is more than just a job – it's an opportunity to make a real difference in your community and contribute to the greater good.

With your skills, knowledge, and dedication, you have the power to help shape the financial future of our nation and ensure the responsible stewardship of public resources.

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