Address
Form of workTHIS POSITION HAS BEEN ADVERTISED STATEWIDE . The incumbent may be headquartered out of Los Angeles, Alameda or Sacramento County.
Under the direction of the Supervising Casualty Actuary, the Senior Casualty Actuary works on the most sophisticated and complex actuarial analysis projects. Specifically, the Casualty Actuary performs a wide variety of consultative and analytical assignments associated with aspects of Property and Casualty insurance rate regulation. In addition, the Senior Casualty Actuary provides support for assignments requested by or in concert with the Commissioner and other Department branches, as required. The Senior Casualty Actuary is also expected to provide mentorship and guidance to other actuarial staff.
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.
You will find additional information about the job in the Duty Statement .
Working Conditions
- Eligible for telework in accordance with CDIs telework policy and Government Code 14200;
- 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.
Minimum Requirements You will find the Minimum Requirements in the Class Specification.
- ACTUARY SENIOR
- Job Application Package Checklist
- Duty Statement
Position Details Job Code #:
JC-401597
Position #(s):
413-327-5461-005
413-227-5461-001
Working Title:
Senior Casualty Actuary
Classification:
ACTUARY SENIOR $12,275.00 - $15,369.00
# of Positions:
Multiple
Work Location:
United States
Telework:
Telework
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, in a remote environment, we want to hear from you!
Department Website: http://www.insurance.ca.gov
Special Requirements
Failure to provide the documents needed to verify minimum qualifications as stated in the class specifications, will automatically indicate your application package is incomplete and will not be considered for an interview. Please attach (upload) all the required documents for this position (i.e., degree, transcript, license, certificate).
Application Instructions
Completed applications and all required documents must be received or postmarked by the Final Filing Date in order to be considered. 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: 12/18/2023
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 www.CalCareers.ca.gov. 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: CDIJobinquiries@insurance.ca.gov
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
CDIJobinquiries@insurance.ca.gov
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 www.CalCareers.ca.gov. 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
- Statement of Qualifications - A SOQ is a narrative discussion of how the candidate's education, training, experience, and skills qualify them for the position. A Statement of Qualifications (SOQ) must be submitted with the candidate's application.
This SOQ is a narrative discussion of how the candidate's education, training, experience, and skills qualify them for the position, as outlined in both the minimum and desirable qualifications. The SOQ should be no more than 3 pages in length and typewritten in Arial font size 12.
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:
- Attainment of Fellowship designation from the Casualty Actuarial Society (FCAS) with knowledge of the Actuarial Standards of Practice promulgated by the American Academy of Actuaries;
- Experience in developing or reviewing rates for P&C lines of insurance while possessing an FCAS;
- Effective written, verbal and presentation skills;
- Proficiency in Microsoft Office including Excel;
- Strong business acumen including an 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;
- 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.
Benefits
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: http://www.insurance.ca.gov
Human Resources Contact:
Classification & Consultation Unit
(916) 492-3300
CDIJobInquiries@insurance.ca.gov
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
(916) 492-3388
sharon.victor@insurance.ca.gov
California Relay Service: 1-800-735-2929 (TTY), 1-800-735-2922 (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 Actuary Senior 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 cdiexaminations@insurance.ca.gov .
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.
