Actuarial Analyst
4 weeks ago
Occasional travel may be required within and/or outside the state of California via private or public transportation (e.g., automobile, airplane, etc.). Travel may include overnight stay.
This position has been advertised statewide and is pending budget approval. The incumbent may be headquartered out of Los Angeles, Alameda or Sacramento County.
You will find additional information about the job in the Duty Statement .
Working Conditions
- Eligible for telework in accordance with CDIs telework policy. Teleworking employees may be required to report to their headquarters office location on designated telework days. Travel expenses are not reimbursed, however other authorized transit subsidies do exist for those who qualify.
- Teleworking employees may be required to report to their headquartered office location, which may be a high-rise building;
- Position may be headquartered in Los Angeles, Oakland or Sacramento.
- ACTUARIAL ANALYST
- Job Application Package Checklist
- Duty Statement
JC
Position #(s):
XXX
XXX
Working Title:
Actuarial Analyst
Classification:
ACTUARIAL ANALYST $7, $9,433.00
# of Positions:
Multiple
Work Location:
United States
Telework:
Hybrid
Job Type:
Permanent, Full Time
Department Information
The California Department of Insurance is looking for a highly motivated team player to join the Rate Actuary Office. If you want to be part of a fast-paced collaborative team, we want to hear from you
Department Website:
Special Requirements Applications will be accepted until the position is filled. Submissions will be reviewed shortly after each cutoff date listed below and the most qualified will be invited to interview.
Application cutoff dates will be on the 1st and 15th day of each month, starting with June 15th, 2024.
Application Instructions
Dates printed on Mobile Bar Codes, such as the Quick Response (QR) Codes available at the USPS, are not considered Postmark dates for the purpose of determining timely filing of an application.
Final Filing Date: Until Filled
Who May Apply
Individuals who are currently in the classification, eligible for lateral transfer, eligible for reinstatement, have list eligibility, are in the process of obtaining list eligibility, or have SROA and/or Surplus eligibility (please attach your letter, if available). SROA and Surplus candidates are given priority; therefore, individuals with other eligibility may be considered in the event no SROA or Surplus candidates apply.
Applications will be screened and only the most qualified applicants will be selected to move forward in the selection process. Applicants must meet the Minimum Qualifications stated in the Classification Specification(s).
How To Apply
Complete Application Packages (including your Examination/Employment Application (STD 678) and applicable or required documents) must be submitted to apply for this Job Posting. Application Packages may be submitted electronically through your CalCareer Account at When submitting your application in hard copy, a completed copy of the Application Package listing must be included. If you choose to not apply electronically, a hard copy application package may be submitted through an alternative method listed below:
Address for Mailing Application Packages
You may submit your application and any applicable or required documents to:
Department of Insurance
Attn:
Human Resources Management Division
300 Capitol Mall, 13th Floor
Sacramento , CA 95814
Address for Drop-Off Application Packages
You may drop off your application and any applicable or required documents at:
Department of Insurance
Human Resources Management Division
300 Capitol Mall, 13th Floor
Sacramento , CA 95814
08:00 AM - 05:00 PM
Required Application Package Documents
The following items are required to be submitted with your application. Applicants who do not submit the required items timely may not be considered for this job:
- Current version of the State Examination/Employment Application STD Form 678 (when not applying electronically), or the Electronic State Employment Application through your Applicant Account at All Experience and Education relating to the Minimum Qualifications listed on the Classification Specification should be included to demonstrate how you meet the Minimum Qualifications for the position.
- Resume is required and must be included.
- Degree and/or School Transcripts
Desirable Qualifications In addition to evaluating each candidate's relative ability, as demonstrated by quality and breadth of experience, the following factors will provide the basis for competitively evaluating each candidate:
- Passed four professional actuarial examinations exams offered by the Casualty Actuarial Society (CAS);
- Actively pursuing Fellowship designation from the Casualty Actuarial Society (FCAS);
- Experience in developing or reviewing rates for P&C lines of insurance while possessing an FCAS
- Proficiency in written, verbal and presentation skills;
- Proficiency in Microsoft Office including Excel;
- Knowledge or Understanding of how the insurance industry and the Department interact with each other and work jointly to ensure that California insurance rates are not excessive, inadequate, nor unfairly discriminatory;
- Ability to collaborate with internal and external parties;
- Knowledge of the California Insurance Code, California Code of Regulations and policies as they pertain to P&C insurance ratemaking under Proposition 103;
- Understanding or experience working with both stochastic models and scoring catastrophe models for various perils, including, but not limited to, wildfire, fire following earthquake, earthquake, and flood;
- Experience in developing, using or reviewing predictive models including, but not limited to, GLMs, GAMs, decision trees, ensemble methods, boosting and random forests, neural networks and other machine learning applications used in the development of P&C insurance rates and rating plans;
- Experience with Access, R, SAS, VBA, SQL, Python, EMBLEM or any other programming language or software;
- Attainment of Certified Specialist in Predictive Analytics (CSPA) designation from The CAS Institute;
- Attainment of Certified Specialist in Catastrophe Risk (CSCR) or Certified Catastrophe Risk Management Professional (CCRMP) designation from The CAS Institute.
CDI offers many benefits including the following:
- Medical Benefits - including health, dental, and vision insurance
- Employee Wellness Program
- Employee Assistance Program
- On the Job Training
- Paid Holidays and leave
- Defined benefit retirement program
- Savings Plus Program (401(k), 457)
- Commute Program
- Medical/Dependent Care Reimbursement Accounts
Contact Information
The Human Resources Contact is available to answer questions regarding the position or application process.
Department Website:
Human Resources Contact:
Classification & Consultation Unit
Please direct requests for Reasonable Accommodations to the interview scheduler at the time the interview is being scheduled. You may direct any additional questions regarding Reasonable Accommodations or Equal Employment Opportunity for this position(s) to the Department's EEO Office.
EEO Contact:
EEO Officer
California Relay Service: TTY), Voice) TTY is a Telecommunications Device for the Deaf, and is reachable only from phones equipped with a TTY Device.
Examination Information
If you have not taken the Actuarial Analyst examination, your eligibility has expired, and/or you have no other type of eligibility, you MUST take the examination to be eligible for appointment. Please click the link provided below for the examination information and instructions.
Examination Bulletin
Any questions regarding the minimum qualifications, applying for the examination, being scheduled for the examination, reasonable accommodations, the examination components, scoring, etc., may be directed to our Examinations Unit at .
Equal Opportunity Employer
The State of California is an equal opportunity employer to all, regardless of age, ancestry, color, disability (mental and physical), exercising the right to family care and medical leave, gender, gender expression, gender identity, genetic information, marital status, medical condition, military or veteran status, national origin, political affiliation, race, religious creed, sex (includes pregnancy, childbirth, breastfeeding and related medical conditions), and sexual orientation.
It is an objective of the State of California to achieve a drug-free work place. Any applicant for state employment will be expected to behave in accordance with this objective because the use of illegal drugs is inconsistent with the law of the State, the rules governing Civil Service, and the special trust placed in public servants.
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