This is not a timed exam. If you request a Reasonable Accommodation your account will be locked and you will not be able to proceed with the exam until the request is processed.

The information below will help you determine which classification(s) is(are) appropriate for you. Applicants must meet the Minimum Qualifications as stated on this bulletin to compete in this examination.

Open and Open, Non-Promotional Examination(s):

• ACTUARY SUPERVISOR - Open

For all Classifications, once you have participated in any of the following examinations, you may not recompete for 12 months:

Exam Code(s):

1502

For ACTUARY SUPERVISOR, once you have participated in any of the following examinations, you may not recompete for 12 months:

Exam Code(s):

• EX-01502

Submit an Examination/Employment Application (STD 678) to apply for this examination.

Electronic applications can be submitted through your account at www.CalCareers.ca.gov.

If you require assistance or alternative testing arrangements due to a disability, indicate on your application that you need reasonable accommodation. You will be contacted by a representative of the testing department to make the necessary arrangements. If you have not been contacted by the time you receive notification of testing, please contact the testing department listed in the Contact section of this bulletin.

If you are unable to submit your application or complete the test due to a disability, please contact the testing department listed in the Contact section of this bulletin.

All applicants must meet the education and/or experience requirements as stated on this exam bulletin to be accepted to the examination.

Unless otherwise stated in the Minimum Qualifications, qualifying experience may be combined on a proportionate basis if the requirements stated below include more than one pattern and are distinguished as "Either" 1, "or" 2, "or" 3, etc. For example, applicants possessing qualifying experience amounting to 50% of the required time of Pattern 1 and additional experience amounting to 50% of the required time of Pattern 2 may be accepted to an examination as meeting 100% of the overall experience requirement.

We recommend using Chrome, Firefox, or Edge for optimal performance when accessing the examination.

This examination consists of the following components:

• CalHR Online Exam : 100% of the final score.

A final score of 70% must be attained to be placed on the eligible list.

In addition to evaluating the applicant's relative knowledge, skill and ability as demonstrated by quality and breadth of education/experience, emphasis in each test component will be on measuring competitively, relative to job demands, each applicant's:

A Servicewide Open eligible list for the ACTUARY SUPERVISOR Classification will be established for:

• State of California

The names of successful competitors will be merged onto the eligible list(s) in order of final score regardless of test date. Eligibility expires 12 months after it is established. Applicants must then retake the examination to reestablish eligibility.

Veterans' Preference will be granted for this examination. Veterans' Preference is an assistance program for veterans, veteran widows and widowers, and spouses of 100% disabled veterans who seek employment with the state. Veterans' Preference is also extended to currently serving military members nearing their retirement or separation date.

You are not eligible for Veteran's Preference if you are:

• A veteran who has been dishonorably discharged or released.
• A veteran, widow or widower of a veteran, or spouse of a 100 percent disabled veteran who currently has permanent civil service status. (Permanent civil service status is the status of an employee who is lawfully retained in his/her position after completion of the applicable probationary period. This does not include limited term).

Veterans' Preference is codified in Government Code Sections 18973 – 18979.

Veteran status is verified by the California Department of Human Resources (CalHR). Directions to apply for Veterans' Preference are on the Veterans' Preference Application (Std. Form 1093), which is available at www.CalCareers.ca.gov, and the Department of Veterans Affairs.

Career Credits are not granted for examination(s) administered on an Open basis or a Promotional basis.

Section 1: Tasks

Instructions:   

Rate your experience performing specific job-related tasks.

Respond to each of the following statements by indicating how the statement applies to you. You are required to respond to every question and provide relevant examples.  Also, indicate the references who can verify the information provided.

In responding to each statement, you may refer to your WORK EXPERIENCE, whether paid or volunteer, your EDUCATION, and/or FORMAL TRAINING COURSES you have completed.

PLEASE NOTE:  This examination is designed to gain an overall assessment of your education, training, and experience as it directly relates to the duties and the knowledge, skills and abilities required for this position.  Possession of specific education is not required to be successful in this examination; however, such achievements may substitute for desirable levels of experience.  All components of this examination have been carefully validated by tying them directly to job requirements and documenting their relevance to the position.

1. Extracting and reconciling data to be used in actuarial studies.    
2. Compiling data needed to perform an analysis or validation, including identifying the data and accessing data from multiple electronic or written sources.
3. Testing and editing data used in the development of actuarial valuations, studies, and models to ensure the completeness and integrity of data.
4. Reviewing and analyzing data to identify trends, errors, incomplete data, or data anomalies.
5. Researching and identifying discrepancies in actuarial data, as needed, to ensure the integrity of the data.
6. Performing the initial analysis of the data and verifying soundness of the data by matching and testing data from various internal and external systems.
7. Producing statistical summaries and reports to analyze the more complex data using a variety of software and tools.
8. Conducting actuarial analyses or valuations to verify the accuracy and reasonability of premiums/contributions, rates, rate changes, reserves/liabilities, or other related factors.
9. Responding to inquiries from parties on actuarial matters, where appropriate.
10. Recommending revisions to rates, contributions, and/or reserves/liabilities or contributions to ensure their consistency with actuarial standards, regulations and/or organizational policies.
11. Reviewing and analyzing rate changes, rate change filings, reserves/liabilities, or contributions to determine whether requested changes comply with actuarial standards or statutory requirements.
12. Reviewing company procedures for estimating trends and actuarial assumptions including but not limited to mortality rates, morbidity rates, lapse rates, and/or claim costs to ensure the reasonability of actuarial trends.
13. Making presentations to interested parties (e.g., management, companies, regulatory agencies, National Association of Insurance Commissioners, professional actuarial bodies, public hearings, other internal stakeholders) on actuarial findings.
14. Compiling and producing actuarial reports or statistical summaries to describe and document work performed in the organization.
15. Leading staff performing actuarial duties to monitor workflow and ensure work meets quality and timeliness standards.
16. Providing comment on proposed legislation and regulations, in written or oral form, to provide technical analysis for potential impact on the organization.
17. Drafting issue papers, written procedures, and/or manuals detailing issues or solutions regarding actuarial work.
18. Assessing, operating, analyzing, and modifying actuarial models or methods used to determine rates, contributions, reserve liabilities, funded status, segmentation relativities, and/or catastrophe exposure.
19. Providing training and/or guidance to staff to ensure adherence to organizational policies and procedures regarding actuarial practices.
20. Resolving actuarial questions, providing consultation, and suggestions for improvement of processes and procedures to deliver information effectively.
21. Monitoring current developments in relevant markets to ensure compliance with changes in financial regulations and legislation to meet the organization’s goals and business objectives.

• State of California

Questions regarding this examination should be directed to:

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 and/or Employment Application (STD 678) forms are available at the California Department of Human Resources, local offices of the Employment Development Department, and through your CalCareer Account (www.CalCareers.ca.gov).

If you meet the requirements stated on this examination bulletin, you may take this examination, which is competitive. Possession of the entrance requirements does not assure a place on the eligible list. Your performance in the examination described in this bulletin will be rated against a predetermined job-related rating, and all applicants who pass will be ranked according to their scores.

State of California reserves the right to revise the examination plan to better meet the needs of the service, if the circumstances under which this examination was planned change. Such revision will be in accordance with civil service laws and rules and all applicants will be notified.

General Qualifications: Applicants must possess essential personal qualifications including integrity, initiative, dependability, good judgment, the ability to work cooperatively with others, and a state of health consistent with the ability to perform the assigned duties of the class. A medical examination may be required. In open examinations, investigation may be made of employment records and personal history and fingerprinting may be required.

Eligible Lists: Eligible lists established by competitive examination, regardless of date, must be used in the following order: 1) sub-divisional promotional, 2) departmental promotional, 3) multi-departmental promotional, 4) service-wide promotional, 5) departmental open, 6) open. When there are two lists of the same kind, the older must be used first. Eligible lists will expire in one to four years unless otherwise stated on the bulletin.

High School Equivalence: Equivalence to completion of the 12th grade may be demonstrated in any one of the following ways: 1) passing the General Education Development (GED) Test; 2) completion of 12 semester units of college-level work; 3) certification from the State Department of Education, a local school board, or high school authorities that the competitor is considered to have education equivalent to graduation from high school; or 4) for clerical and accounting classes, substitution of business college work in place of high school on a year-for-year basis.

Accepted applicants must provide proof of identification at each in-person test session. Acceptable identification consists of a photo identification card or two forms of signed identification.