RECRUITMENT INFORMATION

This posting is for the State of Hawaii, Department of Commerce and Consumer Affairs, Insurance Division, Rate and Policy Analysis Branch.
The position is located on Oahu (Downtown Honolulu).

SALARY COMMENSURATE WITH EDUCATION AND EXPERIENCE.

If you have any questions regarding this non-civil service exempt position, please contact Ms. Kathleen Nakasone at knakason@dcca.hawaii.gov.

MINIMUM QUALIFICATION REQUIREMENTS

Education: Bachelor’s degree from an accredited college or university in mathematics, actuarial science, statistics, or a business-related discipline, such as economics, finance, or accounting.
Requirement: Member in good standing of the American Academy of Actuaries (“AAA”).
Associate or Fellow of the Society of Actuaries’ designation (“ASA” or “FSA”) and maintenance of such designation in good standing.
Experience: Three (3) years’ experience in reviewing property and casualty rate filings. Significant regulatory experience in reviewing property and casualty insurance rate filings; participation in national regulatory insurance issues; experience in testifying at administrative hearings and legislative hearings.
Knowledge: Knowledge of federal and State laws, rules and regulations governing the
conduct of the insurance business; principles and practices of actuarial science; insurance industry organizations, operations and practices and insurance contract coverages and conditions.
Skills/Abilities: Analysis of insurance rates and policy provisions for all classes of property
and casualty insurance and for all insurance organizations subject to State regulation for compliance with statutes, rules; and to make recommendations based on findings; establish and maintain effective working relationships with businesses and the general public; train, assign and review the work of others as needed. The incumbent must be proficient in the use of computers, computer software (including but not limited to, Lotus, Excel, Microsoft Word, Access, and NAIC programs) and the keyboard and calculator by touch.
Legal Authorization to Work Requirement: The State of Hawaii requires all persons seeking employment with the government of the State shall be citizens, nationals, or permanent resident aliens of the United States, or eligible under federal law for unrestricted employment in the United States.

The function of this organizational unit is to examine and analyze policy provisions and rates for all classes of insurance and all insurance organizations subject to regulation for compliance with statutes and rules for the protection of the public.
This actuarial position is assigned the responsibility for analyzing certain rates, analyzing the impact of the law on rates, and also to provide reviews of the Division’s Rate and Policy Analysts’ (“RPA’s”) work on property and casualty insurance. The actuary’s work includes the (1) analyzing of rates on casualty, and surety insurance; (2) providing actuarial analysis of property and casualty insurance legislation, including the review of industry calculations of expected impacts; (3) reviewing RPA’s work, as needed, and providing guidance to RPAs; (4) appearing as an expert witness including representing the Insurance Commissioner, if necessary, when justifying the Insurance Division’s position relative to rate filing decisions where an insurer or a policyholder has requested a hearing; and (5) making recommendations of actions to be taken to the RPA supervisor, Chief Deputy Insurance Commissioner, or Insurance Commissioner.