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Managing Actuary

NJ Department of Banking and Insurance

This is a Contract position in Hopewell Township, NJ posted December 13, 2019.

Under general supervision of the Assistant Commissioner or other higher-level official in a state department, has charge of the work programs and/or staff of the Actuarial Services; does related work as required.

The managing actuary will oversee rate and form filing, analyze potential risks and trends, provide actuarial responses as directed to carriers, interpret and provide guidance relating to applicable rules, laws, statues, and regulations for insurance, monitor and evaluate proposed legislations and regulations providing actuarial point of view.

 REQUIREMENTS EDUCATION: Graduation from an accredited college with a bachelor’s degree including twelve (12) semester hour credits in mathematics.

EXPERIENCE: Four (4) years of actuarial work in a company or government regulatory agency, one (1) year of which shall have been in a supervisory capacity.

LICENSE : Possession of an Associateship by examination in the Society of Actuaries or in the Casualty Actuarial Society, possession of a Fellowship by examination in the Society of Actuaries.

LICENSE : 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.

RESIDENCY REQUIREMENTS: In accordance with the New Jersey First Act, N.J.S.A.

52:14-7 (L.

2011, Chapter 70) , effective September 1, 2011, newly hired State government employees must reside in the State of New Jersey, unless exempted under the law.

If you do not reside in New Jersey, you have one year after you begin employment to relocate your residence to New Jersey.

Employees who fail to meet the residency requirements are subject to removal from employment.