Reference #: 5022527
THE POSITION
Do you have a sharp analytical mindset and a talent for interpreting complex data? If so, take your career up a notch with the State Workers' Insurance Fund (SWIF) as an Actuarial Associate. This position allows you to utilize your specialized skill set to perform technical work assisting insurance actuaries in the analysis and evaluation of insurance rates, rating procedures, rating plans, and schedules. Take advantage of this opportunity to gain valuable experience and further develop your actuary skills with the Department of Labor and Industry!
DESCRIPTION OF WORK
As an Actuarial Associate, you will be tasked with coordinating SWIF's staff and external actuaries to ensure all parties have correct and current data, and that all parties understand the needs of the others. You will be responsible for assisting in the analysis and evaluation of insurance rates, rating procedures, rating plans, and schedules of workers' compensation insurance. Work involves researching and compiling insurance rate related data and preparing actuarial studies on insurance matters. You will have the opportunity to work with Insurance Department officials regarding actuarial matters as well as process requests and inquiries from the Pennsylvania Compensation Rating Bureau (PCRB) and Office of Information Technology (OIT). Additional responsibilities include:
Examining insurance policy forms
Disseminating actuarial information requested by organizations and individuals
Compiling monthly schedule rating data
Writing SWIF's monthly rating memo
Compiling traumatic coal injury data for the Coal Mine Compensation Rating Bureau (CMCRB)
Updating and distributing monthly charts
Maintaining historical Actuarial Department exhibits
Interested in learning more? Additional details regarding this position can be found in the position description.
Work Schedule and Additional Information:
Full-time employment
Work hours are 8:00 AM to 4:00 PM, Monday - Friday, with a 30-minute lunch.
Telework: You may have the opportunity to work from home (telework) part-time. In order to telework, you must have a securely configured high-speed internet connection and work from an approved location inside Pennsylvania. If you are unable to telework, you will have the option to report to the headquarters office in Scranton.
Salary:In some cases, the starting salary may be non-negotiable.
You will receive further communication regarding this position via email. Check your email, including spam/junk folders, for these notices.
REQUIRED EXPERIENCE, TRAINING & ELIGIBILITY
QUALIFICATIONS
Minimum Experience and Training Requirements:
Successful completion of the Actuarial Associate Trainee program (Commonwealth job title or equivalent Federal Government job title, as determined by the Office of Administration); or
One year of technical actuarial experience and completion of two parts of the Society of Actuaries examination or Casualty Actuarial Society examination; or
One year of technical actuarial experience and an associate degree that includes 12 college credits in actuarial science, data science, finance, economics, mathematics, statistics, or a closely related field; or
An equivalent combination of experience and training that includes 12 college credits in actuarial science, data science, finance, economics, mathematics, statistics, or a closely related field.
Other Requirements:
You must meet the PA residency requirement. For more information on ways to meet PA residency requirements, follow the link and click on Residency.
You must be able to perform essential job functions.
How to Apply:
Resumes, cover letters, and similar documents will not be reviewed, and the information contained therein will not be considered for the purposes of determining your eligibility for the position. Information to support your eligibility for the position must be provided on the application (i.e., relevant, detailedexperience/education).
If you are claiming education in your answers to the supplemental application questions, you must attach a copy of your college transcripts for your claim to be accepted toward meeting the minimum requirements. Unofficial transcripts are acceptable.
Your application must be submitted by the posting closing date. Late applications and other required materials will not be accepted.
Failure to comply with the above application requirements may eliminate you from consideration for this position.
Veterans:
Pennsylvania law (51 Pa. C.S. *7103) provides employment preference for qualified veterans for appointment to many state and local government jobs. To learn more about employment preferences for veterans, go to www.pa.gov/agencies/employment/how-to-apply.html and click on Veterans.
Telecommunications Relay Service (TRS):
711 (hearing and speech disabilities or other individuals).
If you are contacted for an interview and need accommodations due to a disability, please discuss your request for accommodations with the interviewer in advance of your interview date.
EXAMINATION INFORMATION
Completing the application, including all supplemental questions, serves as your exam for this position. No additional exam is required at a test center (also referred to as a written exam).
Your score is based on the detailed information you provide on your application and in response to the supplemental questions.
Your score is valid for this specific posting only.
You must provide complete and accurate information or:
your score may be lower than deserved.
you may be disqualified.
You may only apply/test once for this posting.
Your results will be provided via email.
The Commonwealth is an equal employment opportunity employer and is committed to a diverse workforce. The Commonwealth values inclusion as we seek to recruit, develop, and retain the most qualified people to serve the citizens of Pennsylvania. The Commonwealth does not discriminate on the basis of race, color, religious creed, ancestry, union membership, age, gender, sexual orientation, gender identity or expression, national origin, AIDS or HIV status, disability, or any other categories protected by applicable federal or state law. All diverse candidates are encouraged to apply.
