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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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Top Government Risk Management Jobs: A Guide to Careers

Top Government Risk Management Jobs: A Guide to Careers

Government risk management jobs play a crucial role in protecting the nation’s critical infrastructure and ensuring the security of public services. These jobs require a deep understanding of policies, regulations, and risk mitigation strategies to prevent potential threats. Whether you’re interested in enterprise risk management or specialized roles, there are various paths to explore in this dynamic field. Click save on important government websites to stay informed about these evolving opportunities.

 

What is Risk Management in Government?

Government risk management involves identifying, assessing, and addressing risks that can disrupt essential public services, infrastructure, and national security. The United States government greatly emphasizes protecting these critical systems from external threats, including cyberattacks, environmental disasters, and compliance failures. From environmental enforcement to national security, the government’s risk management scope is broad and impactful. Respond to critical incidents promptly by understanding the protocols in place.

Key Objectives of Government Risk Management:

  • Protecting essential services like energy, transportation, and communication systems.
  • Ensuring regulatory compliance with national and international standards.
  • Safeguarding public health and safety through effective data analysis and security frameworks.
  • Supporting international development and environmental enforcement efforts to maintain a global balance.
 

Types of Government Risk Management Jobs

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Here are the most prominent risk management jobs available in the government sector:

1. Risk Management Analyst

Risk management analysts are responsible for analyzing vast amounts of data to identify risks that could impact government projects and services. This role requires strong analytical skills and the ability to work across departments to develop risk mitigation strategies. Analysts must stay up-to-date on the latest risk management trends and government regulations. Ensure that all relevant documents are saved on the site for easy access and tracking of ongoing projects.

2. Enterprise Risk Management (ERM) Specialist

ERM specialists focus on creating strategies to manage risks across various government agencies. This role often involves working with other risk management professionals and security experts to develop comprehensive plans that address potential threats on a larger scale. ERM specialists are essential in ensuring all risks are handled cohesively throughout the organization. Click save on essential ERM reports and frameworks to avoid losing critical data.

3. Infrastructure Security Agency (ISA) Specialist

An ISA specialist ensures the security and resilience of critical infrastructure, such as power grids, communication systems, and transportation networks. These professionals are responsible for preventing and responding to threats that could disrupt essential services. ISA specialists often collaborate with agencies like the Department of Homeland Security to safeguard the nation’s infrastructure. Respond quickly to infrastructure alerts and ensure protocols are in place for rapid action.

4. Data Analyst in Risk Management

Data analysts support risk management by analyzing trends and identifying risks through data-driven approaches. These professionals are crucial for identifying patterns that help inform risk mitigation strategies. Their work requires knowledge of operating systems, data analysis tools, and statistical techniques to ensure thorough evaluations of potential threats. Data analysts must regularly click save on databases and dashboards to avoid losing essential information.

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Key Government Agencies Offering Risk Management Jobs

Several government agencies provide opportunities in risk management:

Infrastructure Security Agency (ISA)

The ISA is responsible for protecting the nation’s critical infrastructure, which includes energy systems, transportation networks, and communication frameworks. Jobs at the ISA range from risk management analysts to security specialists, and these professionals work closely with other government bodies, including the Department of Homeland Security. They collaborate with cross-agency teams to respond effectively to security threats.

Department of Energy (DOE)

The DOE is heavily involved in risk management to ensure the security of the energy grid and other essential systems. Risk management professionals in the DOE work to protect against both cyber and physical threats that could disrupt the nation’s energy infrastructure. Save crucial energy-related documents and reports on the department’s site for easy access.

 

Core Responsibilities in Government Risk Management Jobs

 
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Risk management jobs in government require a diverse skill set. Here are some of the key responsibilities associated with these roles:

Data Analysis and Risk Assessment

Data analysis is a critical component of any risk management job. Risk management professionals use data to assess threats, analyze patterns, and develop risk mitigation strategies. This often involves working with various operating systems, software applications, and data management tools to ensure a comprehensive risk management approach. Don’t forget to click save frequently when working with sensitive data.

Enterprise Risk Management (ERM)

ERM is a process that involves creating risk management frameworks across different agencies. These professionals collaborate with risk analysts, security experts, and agency leaders to ensure that risks are assessed and mitigated across the organization. They also coordinate site visits and reviews to evaluate risk management protocols.

Compliance and Environmental Enforcement

Risk management professionals ‘ compliance is a key responsibility, as they ensure that government agencies adhere to regulations and standards. Additionally, environmental enforcement plays a vital role in risk management, especially concerning preventing environmental disasters or addressing compliance violations. Respond quickly to any compliance breaches to avoid more significant issues.

 

Education and Training for Risk Management Careers

A bachelor’s degree in business, finance, or risk management is often the minimum requirement for these jobs. Many positions also require advanced training or certifications, such as Certified Risk Manager (CRM) or Certified Information Systems Security Professional (CISSP) credentials, to demonstrate expertise in the field.

Ongoing Training

Staying up-to-date in risk management is critical as threats continue to evolve. Many professionals seek continuing education opportunities to stay current with best practices and new technologies in risk management.

 

Salary and Benefits in Government Risk Management Jobs

Government risk management jobs offer competitive salaries and comprehensive benefits. Salaries vary depending on the agency, job title, and geographic location. For example, professionals in high-demand areas like data analysis and enterprise risk management can expect to earn more due to the specialized skills required.

Additional Benefits

In addition to salary, government employees enjoy generous benefits, including health insurance, retirement plans, paid time off, and professional growth opportunities. Many agencies also provide further education and training programs to help employees advance.

Job Search Tips for Government Risk Management Careers

If you’re looking to pursue a career in government risk management, here are some tips to help with your job search:

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  • Leverage Job Boards: Websites like USAJobs list government risk management job openings across various agencies.
  • Tailor Your Application: Customize your resume and cover letter to highlight relevant skills, such as enterprise risk management, data analysis, and compliance.
  • Stay Updated: Sign up for email notifications about new job openings.
  • Prepare for Interviews: Be ready to discuss your experience in risk assessment, data analysis, and your approach to mitigating risks.
 

Conclusion

Government risk management jobs offer a fulfilling career path for individuals interested in protecting national security, critical infrastructure, and public services. With opportunities available across various government agencies, including the Infrastructure Security Agency and the Department of Energy, there are many paths to explore. By acquiring the right education, training, and experience, you can significantly impact this essential field.

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