ACTUARIAL AND COMPLIANCE ANALYST 2 - 04012025- 66707

Job Information

LOCATION OF (1) POSITION(S) TO BE FILLED: DEPARTMENT OF COMMERCE AND INSURANCE, INSURANCE DIVISION, DAVIDSON COUNTY

Qualifications

Education and Experience: Graduation from an accredited college or university with a bachelor's degree in actuarial sciences, mathematics, statistics, business, finance, law or other related acceptable field and experience equivalent to two years of full-time professional actuarial, insurance underwriting, insurance claims handling or insurance compliance work.

Substitution of Experience for Education: qualifying full-time professional actuarial, insurance underwriting, insurance claims handling or insurance compliance experience may be substituted for the required education, on a year-for-year basis, to a maximum of four years.

Overview

This is the working level class in the actuarial and compliance sub-series. An employee in this class analyzes and evaluates insurance policies and rates for compliance with state law and regulations. Work includes the examination of insurance rates, rating procedures, rating plans, and schedules as well as the comprehensive review of insurance policies, coverages, and benefits. Work includes maintaining working knowledge of statutes, regulations, and insurance bulletins. This class differs from that of Actuarial & Compliance Analyst 1** in that an incumbent of the latter works at entry level and handles less complex filings. This class differs from that of Actuarial Officer in that an incumbent of the latter is responsible for supervising a section of subordinate analysts within the Department of Commerce and Insurance.

Responsibilities

1. Assists with the review of assigned filings for compliance with filing procedures, applicable statutes, regulations, and Commissioner's Bulletins.
2. Provides the Filer with specifics if a filing does not comply with Tennessee requirements and provides changes necessary to achieve compliance.
3. Follows through a review until the Section is satisfied or withdraws or escalates as necessary. If a filing complies with all filing procedures, statutes, regulations and Commissioner's Bulletins, closes the filing by accepting for use in Tennessee.
4. Enters and updates data into database and/or spreadsheet in order to track filings, input survey data and update rate changes.
5. Establishes a working knowledge of insurance required by statutes, regulations, and bulletins relative to rates and forms.
6. Trains and mentors less experienced analysts on general insurance knowledge and the performance of work duties.
7. Communicates with industry filers, Tennesseans, and stakeholders to answer compliance questions and resolve inquiries related to the State's regulation of rates and forms.

Competencies (KSA's)

Competencies:
1. Decision Quality
2. Ensures Accountability
3. Communicates Effectively
4. *Situational Adaptability
5. Action Oriented

Knowledges:
1. Law and Government
2. Economics and Accounting
3. Customer and Personal Service

Skills:
1. Writing
2. Reading Comprehension
3. Critical Thinking
4. Active Learning and Listening
5. Judgment and Decision Making

Abilities:
1. Deductive Reasoning
2. Inductive Reasoning
3. Information Ordering
4. Number Facility
5. Written Comprehension

Tools & Equipment

1. Laptop/Computer
2. Basic Office Equipment