INSURANCE ACTUARIAL ANALYST 3
Salary
$83,666.16 - $125,760.24 Annually
Location
Carson City
Job Type
Full-Time
Job Number
2026-02466
Department
B&I - INSURANCE DIVISION
Opening Date
06/12/2026
Closing Date
6/19/2026 11:59 PM Pacific
FLSA
Non-Exempt
Bargaining Unit
J
Max Number of Applicants
50
Salary Grade
41
Full Physical Address of Position (City, State, Zip)
Carson City, NV
Job Summary
The Department of Business and Industry is recruiting to fill an Insurance Actuarial Analyst 3 position within the Division of Insurance in Carson City. The incumbent reviews complex rate, rule, and form filings for personal lines of insurance from Life & Health insurers in Nevada. These reviews include making determinations on whether/not rate proposals are adequate, excessive, or unfairly discriminatory. They also conducts actuarial and statistical studies, analyzes legislation, drafts regulations, and represents the Division at hearings and responds to requests form the governor, legislators, consumers, insurance industry representatives, and other interested parties. Additionally, the incumbent participates in market conduct examinations of insurance companies and trains assigned staff as well as oversees staff work assignments and reviews. Effective collaboration and communication with peers, co-workers, management, staff from various state agencies, members of the public, public officials, and vendors are essential for success in this position.
Essential Qualifications
Bachelors degree from an accredited college or university in actuarial science, statistics or mathematics, accounting, economics, and three years of experience in performing actuarial analysis that included interpretation and application of statutes and regulations pertaining to rate filings; resolving consumer complaints and responding to other inquiries; preparing written opinions and making presentations before a hearing body; or three years of experience in the preparation, analysis, application and review of rates and rating plans in a regulatory agency, insurance company or other rate setting organization; OR two years of experience as an Insurance Actuarial Analyst II in Nevada State service; OR an equivalent combination of experience and education as described above.
Job Duties
Conduct actuarial and statistical studies; provide analysis for consulting actuary's reports; and conduct studies that may involve research, statistical sampling, project development and recommendations.
Analyze premium rate requests from insurance companies; analyze exposure and loss experience data, insurance classification, operating expenses and profit ratios to determine if requested rates conform to State regulations.
Analyze rate filings to determine compliance with all pertinent State and federal statutes, regulations and mandates.
Evaluate rates and amendments by applying actuarial principles and methodology to determine mathematical accuracy and appropriateness.
Analyze and draft technical regulations, opinions and bulletins to implement and clarify highly complex State and federal statutes; analyze new and proposed legislation, and represent the agency at legislative hearings.
Receive and review insurance complaints and consult with parties involved; recommend administrative intervention as appropriate.
Review business practices and initiate or recommend administrative actions including cease and desist orders; assist and cooperate with enforcement personnel who investigate, evaluate and identify statutory violations.
Respond to informational requests from consumers, industry representatives, elected officials, the general public, and other interested parties regarding contracts, rates, mandated benefits and other insurance issues.
Analyze forms submitted by insurers for completeness and compliance with statutes and regulations.
Perform related duties as assigned.
Under general direction, incumbents supervise lower level actuarial staff and perform the full range of duties described in the series concept. Incumbents are responsible for the most difficult analysis requiring the application of advanced actuarial principles such as actuarial analysis of data to arrive at rates, analysis of data submitted in required industry reports, and analysis of reserves to determine the solvency of insurance companies.
Knowledge, Skills, and Abilities
This job specification lists the major knowledge, skills and abilities of the job and is not all inclusive. Incumbent(s) will be expected to have knowledge, skills and abilities from a previous level.
Detailed knowledge of: actuarial principles and methodologies; higher mathematics and advanced statistical principles and techniques related to actuarial analysis; computer concepts, applications and capabilities of statistical software packages; economic, financial, and econometric modeling principles.
Working knowledge of: methods of establishing insurance rates; federal insurance laws and regulations; corporate financial and accounting systems; auditing principles and generally accepted accounting principles and practices; and business law.
Ability to: interpret legal decisions pertaining to insurance.
The State of Nevada is an equal opportunity employer dedicated to building diverse, inclusive, and innovative work environments with employees who reflect our communities and enthusiastically serve them. All applicants are considered without regard to race, color, national origin, religion or belief, age, disability, sex, sexual orientation, gender identity or expression, pregnancy, domestic partnership, genetic information (GINA), or compensation and/or wages.
Please send direct Inquiries or correspondence to the recruiter listed on this announcement.
Benefits include:
Health Insurance: Medical, dental, life, and disability insurance programs for employees and their dependents/family are offered through the Public Employees' Benefits Program (PEBP).
Vacation: Accrual of three weeks of annual leave each year.
Sick Leave: Accrual of three weeks of sick leave each year.
Holidays: 12 paid holidays per year.
Retirement: Participation in the Nevada Public Employees Retirement System (PERS). Employees do not contribute to Social Security but will contribute to PERS if their position is at 50% or more full-time equivalency. For more information on how PERS service may impact Social Security benefits, visit the SSA publication.
Deferred Compensation: The State offers a voluntary Deferred Compensation Program.
No Nevada state income tax.
Public Service Loan Forgiveness: Eligible due to public sector employment.
Longevity Payments Eligibility: Employees who have received a performance rating of "standard" or better and have completed eight (8) or more years of continuous service are eligible for longevity pay.
Additional benefits may apply to employees covered under a Collective Bargaining Agreement (CBA), depending on their designated bargaining unit. For more information, visit the Labor Relations Unit (LRU).
For more details about your rights and responsibilities as a State of Nevada employee, please review the State of Nevada Employee Handbook (PDF).
The following are legal holidays:
January 1.............................................. New Years Day
Third Monday in January.................. Martin Luther King, Jr.s Birthday
Third Monday in February................ Washington's Birthday
Last Monday in May........................... Memorial Day
June 19................................................ Juneteenth Day
July 4.................................................... Independence Day
First Monday in September.............. Labor Day
Last Friday in October....................... Nevada Day
November 11........................................ Veterans Day
Fourth Thursday in November........ Thanksgiving Day
Friday following the Fourth Thursday in November...................... Family Day
December 25........................................ Christmas Day
When January 1, June 19, July 4, November 11, or December 25 falls on a Saturday, the preceding Friday is the observed legal holiday. If these days fall on Sunday, the following Monday is the observed holiday. Eligibility for holiday pay is covered by the provisions of NAC 284.255
01
Do you have any of the following?
02
A State of Nevada/FBI background check will be required of the selected applicant. Can you meet this requirement?
03
This position requires a valid drivers license or evidence of equivalent mobility at the time of appointment and for continuing employment. Can you meet this requirement?
04
This position requires up to 25% of travel. Can you meet this requirement?
05
Describe your experience with actuarial analysis that included regulatory rate filings, consumer issue resolution, public presentations, or experience in rate-setting within insurance or regulatory sectors.
Required Question
Employer State of Nevada (NV)
Address See Above for Agency Information
See Above for Posting Location, Nevada, 89701
Website https://nvjobs.nv.gov