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State of Montana Actuary in Helena, Montana

Why Montana?

Montana, the Treasure State, fondly known as Big Sky Country, is the 4thlargest state in the U.S.,populated by 1,070,000 people and 2,600,000 cows(a 2.43 cow-to-person ratio). If you are seeking refuge from the big city in these uncertain times Montana is the place for you. Magnificent Glacier National Park resides in Montana, along with the northern corner of Yellowstone National Park. Twenty-eight million acres of public land are found in Montana waiting for you to explore and enjoy; including 10 national forests, 16 wilderness areas, 54 state parks, the mighty Missouri River, and numerous other streams. Natural beauty, skiing, snowboarding, snowshoeing, fishing, hunting, camping, boating, wildlife, birds – these set the backdrop for the culture. But Montana also offers strong universities, friendly neighbors, and has recently held the title as the state with the strongest entrepreneurial climate with the most small-business start-ups and a huge presence in the high-tech arena.

Why Helena?

Helena is the capital city of Big Sky Country, and the county seat of Lewis & Clark County. With 32,000 people in the city limits and 68,000 people in the county, all within 3,498 square miles, you will be surrounded by a whopping 19 people per square mile. In other words, your commute time will be amazing – even if you live 30 miles from the office. For a small city, Helena offers much culture. A grand civic center, several theatres, ballet, and dance companies, the massive Cathedral of St. Helena, natural hot spring spas, a walking mall on the historic downtown Last Chance Gulch, the Montana State Historical Society and Museum, and the state capitol building itself are all nestled in the Prickly Pear Valley in the foothills of the Rocky Mountains.

Learn more about moving to and living in Helena, Montanahere

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Why CSI?

As an Actuary or Statistician, we know you have many employment opportunities available to you. But just as we caught your attention with the appeal of a small-city, mountain life, we will also appeal to you in creating your professional working environment. The Office of the Montana State Auditor, Commissioner of Securities and Insurance (CSI), is an efficient, highly-regarded, professional regulatory agency with responsibility for consumer protection of insurance and securities purchasers. Our success derives from having effective working relationships, built on mutual trust and respect for each other’s skills and abilities. We will challenge you to be the best you can be in both your individual competencies and as a team-player. We have created an environment for success and will work hard to provide opportunity for you to progress in your career with mentorship, education, and training, and certifications.

Your service is rewarded with competitive compensation and generous benefits.

  • Compensation & Career Advancement Ladder

  • Work/life balance

  • Medical, dental, and vision coverage

  • Retirement plans

  • Generous paid vacation, sick leave, and holidays

  • Pre-tax flexibility spending accounts

  • A vibrant Employee Assistance Program

  • State of Montana employment may qualify you to receive student loan forgiveness under the Public Service Loan Forgiveness. Lookhereto learn more and understand whether or not you may qualify.

Additional benefit package information is availablehere.

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CSI’s Mission

The CSI is a criminal justice agency whose primary mission is to protect Montana's consumers through insurance and securities regulation. CSI places a priority on consumer protection while fostering a strong, competitive marketplace that provides consumers with choices and access to high-quality, legitimate insurance and securities products.

Job Overview

The Rates Bureau is responsible for reviewing premiums charged and predictive models utilized by insurance companies operating in Montana in compliance with applicable statutes. Drawing on its expertise and mutually respectful relationships with regulated entities, the Rates Bureau saved Montana consumers $7.4 Million in 2018. If you have a passion for protecting consumers while simultaneously reviewing new and cutting-edge predictive modeling from the insurance industry, this position is for you.

This position is for an actuary and/or statistician who loves to learn and is interested in staying abreast of the ever-changing insurance industry. The successful candidate will have an amazing opportunity to progress though a career ladder with additional education, certifications, and experience. Do you have experience understanding and applying advanced principles of actuarial science and statistics to conduct actuarial/statistical analysis of rate filings? The successful candidate would be responsible for performing the following work activities:

  • Analyzing actuarial/statistical models created by outside professionals and insurance companies to determine whether rates are actuarially/statistically justified.

  • Providing training and support to less-experienced actuaries/statisticians.

  • Working in a team but also conducting analysis independently.

If you have experience performing the duties highlighted above, this role might be just what you’re looking for and we would enjoy hearing more about your experiences. Please refer to the required education, experience and competencies below for more information. Additionally, follow all the steps theSpecial Instructionssection below to submit your application.

Education and Experience Required:

  • Bachelor’s degree in statistics, mathematics, or a closely related field

  • 2 or more years of related work experience

  • Proficiency in Excel and other Microsoft office products

  • Proficiency in statistical and predictive analytics

  • Programming skills in statistical modeling like R, SAS, or Python

  • Experience with property and casualty insurance rates and predictive modeling

  • Associate of Casualty Actuarial Society (ACAS), pre-ACAS, iCAS Certified Specialist in Predictive Analytics (CSPA) or equivalent professional certification.

Preferred Experience:

  • Four years of progressively responsible actuarial and/or statistical experience

  • Experience training and supporting less experienced actuaries/statisticians

Alternate combinations of education and experience may be considered on a case-by-case basis.

Competencies:

The successful candidate should possess the ability to:

  • Apply knowledge of statistical/mathematical modeling and predictive analysis to review insurance industry premiums and models.

  • Keep current professionally and actively seek out learning opportunities in the profession.

  • Interpret and apply laws and regulations to insurance premiums and predictive models.

  • Be fully proficient in actuarial/statistical analysis.

  • Resolve difficult, complex actuarial/statistical problems.

  • Train and provide technical assistance to less-experienced staff.

  • Work independently on all assigned tasks with minimum supervision.

Special Instructions:

If you feel you have the qualifications for this position and have an interest in protecting Montana Consumers, please submit yourcover letter, resume, college transcripts, two professional references, and proof of certifications and/or actuarial exams passed.You will_NOT_be considered without these required items.

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*In your cover letter, please explain your experience in statistical analysis, predictive analytics and/or actuarial analysis and how you meet the qualifications for the position. *

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Applicants claiming employment preference are required to provide proper documentation, i.e. Vet Preference (DD214), Disabled Vet document from U.S. Veterans Administration certifying service-connected disability or purple heart medal, disabled (DPHHS Disability Certification), by the closing date. The State of Montana Careers system will generate an email with instructions on how to submit preference documents.

Be sure to mark your attachments as "relevant" or we will be unable to view your documents. Only electronic materials will be accepted. If you need assistance or an accommodation, please contact Human Resources.Failure to attach the cover letter, resume, transcripts, professional references and proof of certifications and/or actuarial exams passed will result in your application being incomplete and will not be considered further.

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Position open until filled.

If another department vacancy occurs in this job title within 6 months, the same applicant pool may be used for the selection.

Job: *Business/Analyst/Statistics

Title: Actuary

Location: Helena

Requisition ID: 20142130

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