Senior Casualty Actuary

This position is being re-advertised. If you have already submitted an application, your application is on file and being considered. Do not re-submit another application.

View the job bulletin for additional information and application instructions:
https://calcareers.ca.gov/CalHrPublic/Jobs/JobPosting.aspx?JobControlId=401597

THIS 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:

https://www.calcareers.ca.gov/CalHrPublic/FileDownload.aspx?aid=21303250&name=HRM-025_413-XXX-5461-XXX.pdf

Working Conditions

• Eligible for teleworkin 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.

https://hrnet.calhr.ca.gov/CalHRNet/SpecCrossReference.aspx?ClassID=5461

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: 3/1/2024

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.

Applicants requiring reasonable accommodations for the hiring interview process must request the necessary accommodations if scheduled for a hiring interview. The request should be made at the time of contact to schedule the interview. Questions regarding reasonable accommodations may be directed to the EEO contact listed on this job posting.

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

Click here to view all the benefits available to you as a state employee!

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.

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.

Job Type: Full-time

Pay: $147,300.00 - $184,428.00 per year

Benefits:

• Dental insurance
• Disability insurance
• Employee discount
• Health insurance
• Paid time off
• Parental leave
• Vision insurance

Experience level:

• 5 years

Schedule:

• Monday to Friday

Work Location: Remote