Director of the Actuarial Services Section (Actuary IV): DORA/Division of Insurance

Chief Actuary – Division of Insurance Department: Colorado Division of Insurance (DOI). The role is part of the Actuarial Services Section, responsible for oversight of actuarial policies, risk analysis, rate‑setting, and examinations related to insurance regulation. Salary: $9,370 – $11,240 monthly, commensurate with qualifications and in compliance with the Equal Pay for Equal Work Act. Hybrid Workplace Arrangement: The position is part of the hybrid program. Employees must report to the department office on a scheduled basis and at the discretion of the supervisor based on business need. Responsibilities Perform review and analysis of annual actuarial opinions, reports, and memoranda. Engage with in‑house and independent consultants, providing requests for changes in reserve basis, reinsurance, and risk‑based capital (RBC) analysis. Participate in technical support for financial and market‑conduct examinations, including compliance with rating practices and actuarial reporting requirements. Select actuarial systems and guidelines to address financial accounting standard changes and new insurance products (cyber, sharing economy, long‑term care, etc.). Determine valuation models for legislative studies on new types of insurance. Review and analyze rate filings and rating plans, establishing procedures for timely review of all actuarial portions of each filing. Assign actuarial review complexity to analysts and technical consultants. Provide technical guidance for staff and consultants on new products and innovative coverage scenarios. Give guidance and testimony to other agencies and industry organizations on actuarial issues. Supervise interns, consultants, contractors, and staff performing actuarial analyses and reviews of regulated entities. Minimum Qualifications Ten (10) years of professional actuarial experience with a regulated insurance company, consulting firm, or government regulator; at least two (2) of those years must be supervisory. Alternative: Eight (8) years of professional experience with a regulated insurance company, consulting firm, or government regulator; at least two (2) years supervisory; and an associate’s degree in actuarial science, economics, finance, mathematics, statistics, or related field. Alternative: Six (6) years of professional experience with a regulated insurance company, consulting firm, or government regulator; at least two (2) years supervisory; and a bachelor’s degree in actuarial science, economics, finance, mathematics, statistics, or related field. Preferred Qualifications Quantitative analysis experience. Process improvement and project management experience. Experience researching and applying complex legislation. Completion of four (4) SOA or CAS actuarial exams. Experience with Principle‑Based Reserving (PBR) and Own Risk Solvency Assessment (ORSA). Experience with GLMs, predictive modeling, statistical programming (R, Python, SAS), and data architecture. Required Competencies Written and verbal communication skills. Attention to detail, critical thinking, and analytical skills. Prioritization, time management, and organizational skills. Ethical judgment, integrity, confidentiality, and accountability. Ability to travel up to 10% of the time. Proficiency in Microsoft Office and Google Suite. Benefits RTD EcoPass and convenient transit location. Flexible schedules, training, and professional development opportunities. Health, dental, and life insurance for employees; optional coverage for dependents. Retirement benefits: PERA Defined Benefit Plan or Defined Contribution Plan and optional 401(k) and 457 plans. Paid time off including 11 paid holidays. Short‑ and long‑term disability coverage. Tuition assistance program. Employee wellness programs including the Colorado State Employee Assistance Program (CSEAP). Bike‑to‑work program with lockers and racks. Equal Employment Opportunity The State of Colorado is committed to equal opportunity and hiring based on merit and fitness. All qualified individuals are encouraged to apply. #J-18808-Ljbffr State of Colorado