Manager of Ratemaking & Risk Model (Admin. Staff) PN: 20067645 at Ohio Department of Administrative Services

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Full Time

Start Date

Immediate

Expiry Date

30 Jan, 26

Salary

0.0

Posted On

01 Nov, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Ratemaking Analysis, Experience Rating Analysis, Statistical Analysis, Actuarial Principles, Effective Communication, Data Querying, Technical Advice, Presentation Skills, Managerial Experience, Problem Solving, Employee Training, Regulatory Knowledge, Economic Impacts, Public Policy, Software Proficiency, Data Science Languages

Industry

Government Administration

Description

BWC’s core hours of operation are Monday-Friday from 8:00am to 5:00pm, however, daily start/end times may vary based on operational need across BWC departments. Most positions perform work on-site at one of BWC’s seven offices across the state. BWC offers flex-time work schedules that allow an employee to start the day as early as 7:00am or as late as 8:30am. Flex-time schedules are based on operational need and require supervisor approval. What Our Employees Have to Say: BWC conducts an internal engagement survey on an annual basis. Some comments from our employees include: BWC has been a great place to work as it has provided opportunities for growth that were lacking in my previous place of work. I have worked at several state agencies and BWC is the best place to work. Best place to work in the state and with a sense of family and support. I love the work culture, helpfulness, and acceptance I've been embraced with at BWC. I continue to be impressed with the career longevity of our employees, their level of dedication to service, pride in their work, and vast experience. It really speaks to our mission and why people join BWC and then retire from BWC. If you are interested in helping BWC grow, please click this link to read more, and then come back to this job posting to submit your application! What You’ll Be Doing: The Actuarial Division at the BWC isn’t your stereotypical actuarial work in a government agency. This position will be instrumental in completing the following ratemaking work: Conduct ratemaking analyses, including statewide indications, experience rating analysis, retrospective rating analysis, and relativity analysis on rebate programs Liaise with actuarial consultants on ratemaking analysis to ensure work is peer-reviewed Provide recommendations, reports, summaries, and other narratives for senior leadership, board members, and other stakeholders Deliver presentations to senior leadership, board members, and other stakeholders Work with IT staff to ensure system updates are implemented accurately and efficiently Provide technical advice and guidance on actuarial topics related to workers compensation This job is much more involved than many ratemaking actuaries in commercial lines – especially workers compensation – get the opportunity to explore. In addition, this position provides great work-life balance, a great benefits package, the stability of working for a government agency, excellent opportunities to interact with senior leadership and the Board of Directors, and – perhaps best of all – there are no rate filings with departments of insurance. Apply today and see that working at the BWC is better than you expect! Minimum Qualifications: ACAS (Associate of Casualty Actuarial Society) is required, FCAS is preferred ASA or FSA with emphasis on General Insurance may be acceptable with relevant actuarial experience in workers compensation 3 years of experience in ratemaking, ideally with an emphasis on workers compensation 2 years of managerial experience is preferred Major Worker Characteristics: Knowledge of: Agency & Division policies & standard operating procedures*; math & statistics; actuarial principles & practices; economic & public-policy impacts & implications; industry cost utilization & products pertaining to workers’ compensation insurance; Federal, State & agency laws, rules & regulations governing workers’ compensation insurance rates & reserves; supervisory principles & techniques; employee training & development; business; labor relations*. Skill in: personal computer; software (e.g. Microsoft Office products, data querying languages, data science languages); effective communications (e.g. verbally, in writing). Ability to: function in fiduciary capacity (i.e. pursuant to OAC 123:1-5-01 Unclassified service)**; define problems, collect data, establish facts & draw valid conclusions; understand & work with abstract variables & fields of study; understand technical literature of concrete nature; develop & generate written communications, letters, work papers & reports; develop internal procedures; gather, collate & classify information about data, people & things; use statistical analysis; respond to complaints & inquiries from industry representatives, Board members & government officials; write rules & regulations.

Responsibilities

The Manager of Ratemaking & Risk Model will conduct various ratemaking analyses and liaise with actuarial consultants to ensure peer-reviewed work. The role also involves providing recommendations and delivering presentations to senior leadership and stakeholders.