Class Code: 00464
90464
IOWA DEPARTMENT OF ADMINISTRATIVE SERVICES –
HUMAN RESOURCES
ACTUARIAL ASSISTANT
DEFINITION
Under the direction of an accredited actuary, performs
mathematical and statistical work in support of actuarial studies used in the administration of state insurance
and unemployment laws; performs related work as required.
The Work Examples and Competencies
listed are for illustrative purposes only and not intended to be the primary
basis for position classification decisions.
WORK EXAMPLES
Assist with reserve reviews of insurance
companies and monitors insurance marketplace for trends.
Reviews insurance rate/rule filings policy forms for compliance with legal requirements and departmental regulations; examines sales material in connection with the approval or disapproval of policy forms.
Confers/corresponds with insurance companies and the
general public; assists in investigating complaints concerning illegal or
improper activities of insurance agents and companies and recommends
appropriate action.
Helps in conducting studies on unemployment insurance
benefit financing using such statistical procedures as regression analysis,
significance tests, confidence intervals, and frequency distributions.
Participates in planning research projects, writing
project specifications, implementing projects, documenting results, and
distributing project conclusions.
COMPETENCIES REQUIRED
Knowledge of mathematics as it relates to
actuarial problems, such as computational mathematics, actuarial theory and
practice, and statistical theory.
Ability to communicate effectively.
Ability to analyze data and prepare reports.
Displays high standards of ethical conduct. Exhibits honesty and integrity. Refrains from theft-related, dishonest or unethical
behavior.
Works and communicates with internal and external
clients and customers to meet their needs in a polite, courteous, and
cooperative manner. Committed to quality
service.
Displays a high level of initiative, effort and
commitment towards completing assignments efficiently. Works with general supervision. Demonstrates responsible behavior and
attention to detail.
Responds appropriately to supervision. Follows policy and cooperate with
supervisors.
Aligns behavior with the needs, priorities and goals
of the organization.
Encourages and facilitates cooperation, pride, trust,
and group identity. Fosters commitment
and team spirit.
Expresses information to individuals or groups effectively, taking into account the audience and nature of the information. Listens to others and responds appropriately.
EDUCATION, EXPERIENCE, AND SPECIAL REQUIREMENTS
Graduation from an accredited four-year college
or university with a degree in mathematics, statistics, or actuarial science, and
successful completion of one actuarial examination;
OR
graduation
from an accredited four-year college or university, one year of experience in actuarial
science, and successful completion of one actuarial examination;
OR
an
equivalent combination of education and experience substituting one year of qualifying
experience for each year of the required education to a maximum substitution of
four years, and successful completion of one actuarial examination.
Effective
Date: 09/06 SH