Job Function: Maaa
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New Mexico Office of Superintendent of Insurance
Santa Fe, New Mexico, United States (hybrid)
30+ days ago
New Mexico Office of Superintendent of Insurance
Santa Fe, New Mexico, United States
30+ days ago
Job Type
Job Duration
$75,418.00 - $186,664.00
Regulator Or Government
Min Experience
7-10 Years
Min Education
Required Travel
Salary - Type
Yearly Salary
Job Function


This position exists to perform actuarial reviews and manage and lead New Mexico’s Office of the Superintendent of Insurance actuarial team, including clarifying job responsibilities and performance expectations, establishing goals and job competencies, identifying skill gaps, creating development plans, coaching, and mentoring on a continuous basis and providing performance evaluations.  


The requirements also include: 

  • The ability to work on multiple projects and prioritize work without extensive direction from supervisor.
  • Strong analytic skills with solid understanding of actuarial techniques, standards, and assumptions
  • Remaining current with respect to new approaches and methods utilized in ratemaking and reserving.
  • Overseeing the preparation of monthly and quarterly statutory reports.
  • Designing, implementing, and overseeing a continuous process of reserve analysis and monitoring to ensure actuarial soundness.
  • Developing actuarially sound loss and loss adjustment expense reserve recommendations.
  • Analyzing the impact of trends over time and communicate drivers to senior management.
  • Evaluating and overseeing the implementation and use of new analytical and diagnostical reserving tools and software packages.
  • Providing actuarial guidance in support of predictive modeling efforts.
  • Considerable knowledge of statutory reserves, statements of actuarial opinions, and actuarial memoranda.
  • Assisting with Risk Based Capital monitoring and other capital modeling initiatives.
  • Performing all work in accordance with Actuarial Standards of Practice as promulgated by the Actuarial Standards Board.
  • Testifying as an expert witness and assisting in the evaluation of proposed regulations and legislation.
  • Maintaining professional credentials through meeting continuing education requirements of the American Academy of Actuaries (AAA) and the Casualty Actuarial Society (CAS).
  • Considerable knowledge of New Mexico laws and regulations as they relate to actuarial practice.
  • Considerable knowledge of agency policies and practices regarding issues arising in rate revision negotiations or rate hearings.
  • Ability to effectively communicate complex information verbally and in writing; keeps coworkers and managers informed of project progress.
  • Ability to prepare written reports that are clear, concise, appropriate for intended audience and well documented.
  • Ability to plan and organize resources and time to meet assigned deadlines and priorities.
  • Advanced knowledge of actuarial science regarding ratemaking, loss reserving and solvency issues.
  • Advanced computer skills using Microsoft Office including Excel, Access and Word.
  • Advanced communication skills including the ability to communicate actuarial issues to non-actuarial staff. 

Basic Qualifications:

Associate or Fellow of Casualty Actuarial Society (FCAS) and possess a Bachelor’s Degree in Actuarial Science, Mathematics, Statistics or a related field. Candidates must have a minimum of ten (10) years of actuarial experience; two (2) of which must be subsequent to obtaining the Fellowship designation and include responsibility for managing and/or directing all activities of actuarial staff.


Preferred Qualifications:

- Strong managerial skills, team building, and organizational skills

- Experience with change management and leading process improvements

- Membership in the American Academy of Actuaries (MAAA)





Job ID: 72711463

Please refer to the company's website or job descriptions to learn more about them.

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