Chief Actuary - REMOTE

Job Type: FTE - Full-Time
Department of Insurance
Monday - Friday (8:30 - 5:00)
Agency Specific Application Procedures:: The Department of Insurance will not sponsor employment visas for this position. If you meet the requirements of the position and would like to be considered, you must submit a state application online. Please complete the state application to include all current and previous work history and education. Supplemental questions are considered part of your official application. The quality of the application presented (completeness and accuracy as well as grammar and spelling) will be considered prior to the offer of an interview. Applications will be accepted until 11:59 on the state closing date.
Veteran Preference Statement: South Carolina is making our Veterans a priority for employment in state agencies and institutions.

The mission of the State of South Carolina Department of Insurance is to protect and serve the insurance consumers by promoting a fair, stable, and competitive insurance market through regulation, education, and advocacy. This job is located in the Office of Market and Actuarial Services.
Under limited supervision of the Deputy Director, serves as the Department's Chief Actuary. Serves as a consultant to the Department and other state agencies on complex actuarial and other insurance-related issues. Oversees highly technical staff that perform actuarial duties for the Department. Oversees, directs, and spearheads Department research and analytics projects, including data calls, research projects, and reporting, statutorily or otherwise. Provide senior actuarial leadership, advising executives on financial risk, market trends, regulation, and solvency while overseeing and developing staff, guiding complex actuarial work, and establishing internal actuarial standards and processes.
Supervise the Office of Research and Analytics by directing project planning, data collection, analytic frameworks, and data governance standards; ensuring high-quality research, statutory reporting, and secure, reliable data practices that produce actionable insights for leadership and stakeholders.
Oversee and guide actuarial staff in reviewing insurance plans, rates, and practices, interpreting LA&H and P&C insurance law, supporting major rate reviews, evaluating carrier assumptions and methodologies, and coordinating with Market Services.
Monitor insurance and reinsurance markets, oversee staff participation in NAIC activities, brief executives on emerging issues, translate actuarial findings into actionable policy guidance, and lead actuarial contributions to legislation, regulations, and official bulletins.
Supervise actuarial staff in reviewing reinsurance contracts, actuarial opinions, statutory filings, and reserve examinations; oversee actuarial support for insurer licensing reviews; and ensure compliance with risk-transfer requirements and related regulatory standards.
A bachelor's degree in mathematics, statistics, actuarial science, finance, or a related field and relevant experience. Seven to ten years' experience in insurance or related field required. Professional designation of Associate of either the Casualty Actuarial Society (ACAS) or Society of Actuaries (ASA) is required. Ability to oversee and manage a team of highly skilled employees who are responsible for evaluating various aspects of insurance contracts, including the appropriateness of rates and related practices, complex insurance arrangements, including insurance and reinsurance agreements, financial statements, including reserves and related items, and actuarial studies.

Ability to comprehend and evaluate evolving issues in the insurance markets, including complex actuarial issues, and to assess necessary program and/or legislative changes.

Professional designation as a Fellow of either the Casualty Actuarial Society (FCAS) or the Society of Actuaries (FSA) is preferred. Strategic planning experience, especially in setting research agendas and long-term analytic roadmaps.

Operates a personal computer and other office equipment. Some overnight travel may be required.
Applicants indicating college credit or degree(s) on the application will be required to submit a sealed, certified copy of the transcript(s) prior to beginning employment. It is the policy of the South Carolina Department of Insurance to provide equal employment opportunities to all job applicants and employees without regard to their race, color, religion, national origin, sex (including, but not limited to, pregnancy, childbirth or related medical conditions and lactation), disability or age.
Veteran Preference Statement:
South Carolina is making our Veterans a priority for employment in state agencies and institutions.
Health, Dental, Vision, Long Term Disability, and Life Insurance for Employee, Spouse, and Children

• 13 paid holidays
• State Retirement Plan (pension plan option) and Deferred Compensation Programs
• Employee Assistance Program
• Free legal counseling
• Free financial counseling

The state of South Carolina offers eligible employees generous benefits, including health and dental insurance; retirement and savings plan options; Plus, work-life balance programs such as telecommuting and flexible work schedules are available to employees of some state agencies.

Eligible employees may enroll in health insurance, which includes prescription coverage and wellness benefits. Other available insurance benefits include dental, vision, term life insurance, long term disability and flexible spending accounts for health and child care expenses.

Retirement Benefits
State employees are also offered retirement plan options, including defined benefit and defined contribution plans. Additionally, eligible employees may elect to participate in the South Carolina Deferred Compensation Program, which is a voluntary, supplemental retirement savings plan offering 401(k) and 457 plan options.

holiday, annual and sick leave; and discounts on purchases, travel and more.

Note: The benefits above are available to most state employees, with the exception of those in temporary positions. Employees in temporary grant and time-limited positions may be eligible for all, some or none of these benefits as benefits are associated with each position type. Do you have a bachelor's degree?
Do you have 7-10 years' experience in insurance or a related field of work?
Do you currently hold actuarial credentials (e.g.,