Life Actuary Associate Jobs

Working Title: Life Actuary Associate
Job Class: Life Actuary Associate
Agency: Commerce Department

• Bargaining Unit/Union: 214 - MN Assoc of Professional Empl/MAPE
• Closing Date: 05/16/2023
• Days of Work: Monday - Friday
• FLSA Status: Exempt - Professional
• Who May Apply: Open to all qualified job seekers
• Classified Status: Classified
• Work Shift/Work Hours: Day Shift
• Date Posted: 04/25/2023
• Telework Eligible: Yes
• Travel Required: No
• Hiring Agency/Seniority Unit: Commerce Dept / Commerce-MAPE
• Division/Unit: Insurance / Insurance Life Actuaries
• Salary Range: $38.38 - $54.94 / hourly; $80,137 - $114,714 / annually
• Designated in Connect 700 Program for Applicants with Disabilities: Yes

Make a difference in the lives of Minnesotans.

The work you’ll do is more than just a job. Join the talented, engaged and inclusive workforce dedicated to creating a better Minnesota.

This position exists for applying skilled technical expertise in the actuarial review and analysis, approval and disapproval, of a wide variety of submissions to the Insurance Division, including, but not limited to the most complex health premium rate filings and financial components of life insurance, annuity, and long-term care rate and valuation filings.

This position will assist in directing policy regarding life and health actuarial issues and engage with interested parties including consumer advocates and industry members.

Minimum Qualifications

Passed at least four examinations of the Society of Actuaries and have at least two years of general, professional actuarial experience.

Made substantial progress towards attaining the ASA credential through life and health examination process, along with having demonstrated plans to pursue the ASA credential.

Preferred Qualifications

Attained the Associate of the Society of Actuaries (ASA) credential

At least two years of experience pricing health insurance or analyzing asset adequacy or regulatory work in these areas.

Physical Requirements

Requires occasionally lifting such articles as file boxes and lifting and frequently carrying light objects such as files and laptop computers.

Additional Requirements

This position requires successful completion of the following:

Job offer is contingent upon passing reference checks to verify job-related credentials, a criminal background check and drivers’ history check prior to appointment.

How to Apply

Select “Apply for Job” at the top of this page. If you have questions about applying for jobs, contact the job information line at 651-259-3637 or email [email protected]. For additional information about the application process, go to http://www.mn.gov/careers.

If you have questions about the position, contact Marcia Reding at [email protected] or 651-539-1506.

To receive consideration as a Connect 700 Program applicant, apply online, email the Job ID#, the Working Title and your valid Proof of Eligibility Certificate by the closing date to Marcia Reding at [email protected].

About Commerce Department

Commerce protects the public interest through a broad range of regulations and programs. We oversee more than 40 industry areas in Minnesota and license about 250,000 professionals and businesses to ensure that their services and products are fair, accessible and comply with state laws.

Why Work for Us

Diverse Workforce

We are committed to continually developing a workforce that reflects the diversity of our state and the populations we serve. The varied experiences and perspectives of employees strengthen the work we do together and our ability to best serve the people of Minnesota.

A recent engagement survey of State of Minnesota employees found:

• 88% of employees feel equipped to look at situations from other cultural perspectives when doing their job
• 95% of employees understand how their work helps achieve their agency’s mission
• 87% of employees report flexibility in their work schedule
• 91% of employees feel trusted to do their jobs

Comprehensive Benefits

Our benefits aim to balance four key elements that make life and work meaningful: health and wellness, financial well-being, professional development, and work/life harmony. As an employee, your benefits may include:

• Wellness programs and resources
• Short-term and long-term disability
• Training and professional development
• Low-cost medical and dental coverage
• Paid vacation and sick leave
• Tax-deferred compensation
• Employer paid life insurance
• Tuition reimbursement
• Public pension plan
• Dependent care spending account
• 11 paid holidays each year
• Federal Public Service Student Loan Forgiveness Program
• Paid parental leave
• Employee Assistance Program (EAP)
• Vision coverage
• Prescription drug coverage
• Health care spending and savings accounts

Programs, resources and benefits eligibility varies based on type of employment, agency, funding availability, union/collective bargaining agreement, location, and length of service with the State of Minnesota.

AN EQUAL OPPORTUNITY EMPLOYER

Minnesota state agencies are equal opportunity, affirmative action, and veteran-friendly employers. The State of Minnesota recognizes that a diverse workforce is essential and strongly encourages qualified women, minorities, individuals with disabilities, and veterans to apply.

We will make reasonable accommodations to all qualified applicants with disabilities. If you are an individual with a disability who needs assistance or cannot access the online job application system, please contact the job information line at 651-259-3637 or email [email protected] and indicate what assistance is needed.