Actuarial Analyst (Non-Competitive)

State of New JerseyDEPARTMENT OF BANKING AND INSURANCEPHIL MURPHY A JUSTIN ZIMMERMAN DMINISTRATIONGovernor PO B Acting Commissioner OX 325TRENTON, NJ 08625-0325TAHESHA L. WAY T (609) 292-7272 ILA BHATNAGAR ELLt. Governor FAX (609) 599-6803 Assistant CommissionerThe New Jersey Department of Banking & Insurance invites qualified candidates to apply for the following position:POSTING NUMBER 2024-BIA-056OPENING CLOSING Until Position isTitle: Actuarial Analyst September 4, 2024 DATE DATETITLE & TITLE CODE FilledIF APPLICABLE Title Code: 55221P98Office of Solvency Regulations TITLEMary Roebling Building RANGE &UNIT & LOCATION 20 W. State StreetTrenton, New Jersey SALARY $95,000.00 to $115,000.00RANGEOPEN TO General Public.Under the general supervision of a Managing Actuary or other higher-level official, Department of Banking andInsurance, does varied actuarial work in connection with the valuation of policy and loss reserves, financial andTITLE DESCRIPTION statistical analysis, review of rates, rules, and forms submissions of life and health companies and/or propertyand casualty companies, including health services and prepayment plans and related institutions; does otherrelated duties as required.Applicants must meet one of the following or a combination of both experience and education. Thirty (30)semester-hour credits are equal to one (1) year of relevant experience.Four (4) years of professional experience in actuarial work, including or supplemented by twelve (12) semesterhour credits in mathematics and/or statistics.EXPERIENCEREQUIREMENTS ORPossession of a bachelor's degree from an accredited college or university, including or supplemented by twelve(12) semester-hour credits in mathematics and/or statistics.Appointees must possess an associate credential (ASA or ACAS) from the Society of Actuaries or CasualtyActuary Society.NOTE: As a condition of employment, appointees must comply with the continuing education requirements asoutlined in the American Academy of Actuaries' Qualification Standards for Actuaries Issuing Statements ofActuarial Opinion in the United States.LICENSEREQUIREMENTS NOTE: “Professional experience" refers to work that is creative, analytical, evaluative, and interpretive; requiresa range and depth of specialized knowledge of the profession's principles, concepts, theories, and practices; andis performed with the authority to act according to one's own judgement and make accurate and informeddecisions.Appointees will be required to possess a driver’s license valid in New Jersey only if the operation of a vehicle,rather than employee mobility, is necessary to perform the essential duties of the position.Visit us on the Web at dobi.nj.govNew Jersey is an Equal Opportunity Employer • Printed on Recycled Paper and RecyclableThe “New Jersey First Act,” N.J.S.A. 52:14-7 (L. 2011, Chapter 70) effective September 1, 2011, contains newresidency requirements for public officers and employees, unless exempted under the law. Current, new orprospective employees should be aware of the following:RESIDENCY Effective September 1, 2011, all employees of State and local government must reside in the State of New Jersey,REQUIREMENTS unless exempted under the law. If you already work for State or local government as of September 1, 2011, andyou do not live in New Jersey, you are not required to move to New Jersey. However, if you begin your office,position or employment on September 1, 2011 or later, you must reside in New Jersey. If you do not reside in NewJersey, you have one year after the date you take your office, position or employment to relocate your residence toNew Jersey. If you do not do so, you are subject to removal from your office, position or employment.Medical Accommodation Requests: The New Jersey Department of Banking and Insurance provides reasonableaccommodations to applicants with disabilities upon request in accordance with the law. If you need a reasonableaccommodation for any part of the application, interview, and/or hiring process, please contact the Department’sADA/Medical Accommodations Coordinator, Lisa Clapp, at lisa.clapp@dobi.nj.gov or (609) 940-7337, forassistance.Telework: This position may be eligible to participate in the Department's pilot Telework Program/Policy, whichoffers eligible employees the opportunity to work remotely up to two (2) days per week, if approved byManagement per operational needs, subject to all requirements of the Department’s Telework Program/Policy. Forquestions regarding Telework eligibility, please ask during the interview process if selected for an interview.GENERAL Benefits: For questions regarding health insurance and other job-related benefits, please direct inquiries to theINFORMATION Department’s Human Resources Office at the email address provided below.Hours of Work: The hours of work for this position are Monday through Friday from 9:00 a.m. to 5:00 p.m. All No-Limit (NL) titles will be required to perform work beyond the stated hours of work as needed, in compliance withapplicable collective bargaining agreements and laws.State as a Model Employer (“SAME”) Applicants: If you are applying for this position under the State of NewJersey’s SAME Program, please note that your supporting documents (i.e. Schedule A or B Letter), must besubmitted along with your Resume, by the closing date indicated above. For information on the SAME Program,please visit the New Jersey Civil Service Commission’s (“CSC”) website at: Civil Service Commission | Overview(https://nj.gov/csc/same/overview/index.shtml), and for any questions regarding the SAME program, pleasecontact CSC by email: CSC-Same@csc.nj.gov, or by phone at: 609-292-4144, “option 3”.APPLICATION INSTRUCTIONSApplicants must submit a Letter of Interest, Resume, transcript(s) if specified above, and three (3) professional referencesof your current or former supervisors/ managers- please only provide references for those to whom you have reported in theworkplace and who have supervised or managed your work. Please provide your references’ names, job titles and currentcontact information, including email addresses. All application documents must be submitted by the Closing Date specifiedabove to the Department of Banking and Insurance’s Human Resources Office at human.resources@dobi.nj.gov, with yourlast name and the BIA Posting Number above included in the subject line of your email. Thank you.The New Jersey Department of Banking & Insurance is an Equal Employment Opportunity Employer.2