Deputy Rates Bureau Chief

Job Overview

The Rates Bureau is responsible for reviewing premiums charged and actuarial/statistical rating models utilized by insurance companies operating in Montana in compliance with applicable statutes. 

This position of Deputy Rates Bureau Chief is responsible for reviewing premiums, and actuarial/statistical rating models, including complex filings, created by outside professionals and insurance companies to determine whether rates are actuarially/statistically justified and compliant with Montana laws.  As directed by the Chief Actuary/Rate Bureau Chief, in this position as Deputy Rate Bureau Chief the incumbent will assist in monitoring the office workload, work assignments, distribution, and oversight.  This position will provide leadership, training, and mentoring to internal and externally contracted actuaries and statisticians.  This position will assist with the budget and overall daily continuing operations, while ensuring the timely and accurate delivery of services performed by the Rates Bureau. This position will assist the Chief Actuary/Rate Bureau Chief as directed with reviewing, analyzing new, proposed and/or revised laws, regulations, policies, and procedures to interpret meaning and impact.  The Deputy Rate Bureau Chief will assist the Chief Actuary/Deputy Rate Bureau Chief in the implementing and monitoring policies, procedures, and standards of program services that are consistent with applicable laws and regulations.  The incumbent in this position must be able to develop and articulate goals and objections in support of the Bureau’s and Agency’s visions and mission. As requested, this position will make presentations on behalf of the Commissioner.  The incumbent in this position will have a high degree of contact with the highest-ranking officials, and insurance companies, with the opportunity to provide a direct input into decisions of statewide impact. The individual in this role will also assist the Chief Actuary/Rate Bureau Chief with recruiting and hiring of employees.  

Please refer to the required education, experience, and competencies below for more information.  Additionally, follow all the steps outlined in the Special Instructions section below to submit your application.

Qualifications – External

What are we looking for?

Minimum Educational Requirement: 

• Bachelor’s degree in mathematics, Actuarial Science, Statistics, or a closely related field.

Minimum Experience Requirement: 

• Minimum of eight (8) years of related actuarial, mathematical, statistical, or equivalent experience.
• Minimum of two (2) years of leadership, mentoring and training experience
• Education and/or training in programming (e.g., Python, R, etc.)

Preferred Education and Experience:

• Five (5) or more years insurance experience in life, disability (Affordable Care Act, dental, long-term care), property and casualty.
• Five (5) or more years of insurance regulatory experience.

* A combination 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 actuarial and statistical methods to review insurance industry premiums and models.
• Proactively seek ways to grow and expand professional skills and seek out learning opportunities for continued growth in the profession. 
• Interpret and apply laws and regulations to insurance premiums and actuarial/statistical models.
• Exhibit strong analytical thinking.
• Effectively communicate with others.
• Demonstrated responsiveness and follow through on all activities.
• Manage multiple assignments.
• Make presentations.
• Teamwork and ability to develop others.
• Mentoring, training, and leadership skills.
• Work independently with very limited support from Chief Actuary/Rate Bureau Chief

How to apply?

Special Instructions:

If you feel you have the qualifications for this position and have an interest in protecting Montana Consumers, please submit ALL of the following with your application materials prior to the closing date/time of this vacancy announcement.

1. Cover Letter:  Please describe your experience in actuarial, statistical, and/or mathematical analysis.  Please discuss your experience with insurance and regulation.  Additionally, please highlight your experience you have with training and mentoring other employees, your ability to review and analyze new, proposed, or revised laws, regulations, policies, and procedure along with any experience you’ve had with interpreting the meaning of laws, regulations, policies, or procedures and determining the impact.
2. Resume:  Please include all work experience and job duties that demonstrate your qualifications for this position.  Include the month and year that each employment started and ended, as well as the reason for leaving each job.