Job Posting: Senior Casualty Actuary

Department of Insurance

JC-470218
-
Senior Casualty Actuary
ACTUARY SENIOR

$13,022.00 - $16,305.00 per Month

Final Filing Date: 4/18/2025

Job Description and Duties

The Actuary position will require budgetary approval. 

Do you enjoy working in a fast-paced Remote Centered environment with variety in your work? The California Department of Insurance (CDI) is seeking a dynamic Actuary Senior with experience developing or reviewing rates for the Property & Casualty lines of insurance.

 

If this is you, then CDI may be the employer for you!  

Under the direction of the Supervising Casualty Actuary, the Senior Casualty Actuary works on the most sophisticated and complex actuarial analysis projects. Specifically, the Senior 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.


This position is designated under the Conflict of Interest Code. The position is responsible for making or participating in the making of governmental decisions that may potentially have a material effect on personal financial interests. The appointee is required to complete Form 700 within 30 days of appointment. Failure to comply with the Conflict of Interest Code requirements may void the appointment.

 

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You will find additional information about the job in the Duty Statement.

Working Conditions

• The incumbent must be able to work in a high-rise building.
• The incumbent may telework in accordance with CDI's 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.

Minimum Requirements

You will find the Minimum Requirements in the Class Specification.

Additional Documents

Position Details

Job Code #:
JC-470218
Position #(s):
413-327-5461-007
Working Title:
Senior Casualty Actuary
Classification:
ACTUARY SENIOR
$13,022.00 - $16,305.00

Based on California Code of Regulations section 599.673, candidates without prior state service will be placed at the minimum salary of the classification range.

ACTUARY
$10,769.00 - $13,485.00 A

Based on California Code of Regulations section 599.673, candidates without prior state service will be placed at the minimum salary of the classification range.

$11,737.00 - $14,294.00 B

Based on California Code of Regulations section 599.673, candidates without prior state service will be placed at the minimum salary of the classification range.

# of Positions:
1
Work Location:
United States
Telework:
Hybrid
Job Type:
Permanent, Full Time

Department Information

The CDI is the largest consumer protection agency in the state. With annual direct premiums of $340 billion, California is the largest insurance market in the United States and the fourth largest insurance market in the world. 

Nearly 1,400 dedicated employees work at CDI to oversee more than 1,400 insurance companies and license more than 425,000 agents, brokers, adjusters, and business entities. 

Rate Regulation Branch
Rate Actuary Office
This position is available to be headquartered in Los Angeles, Oakland, or Sacramento

Department Website: http://www.insurance.ca.gov

Special Requirements

Please attach (upload) all the required documents to verify that you meet the minimum qualifications for this position (i.e., degree, transcript, license, certificate). If you fail to provide the required documentation, your application package will be marked as incomplete and not considered for an interview.

• Exam list eligibility - refer to exam link below.
• Transfer eligibility, if applicable, for current/former civil service employees
• Resume

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: 4/18/2025

Who May Apply

Individuals who are currently in the classification, eligible for lateral transfer, eligible for reinstatement, have list or LEAP 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
CDI Jobs Inquiries
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
CDI Jobs Inquiries
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
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

  • Flexible work hours 
  • Remote work options 
  • Medical Benefits - including health, dental, and vision insurance 
  • Employee Wellness Program 
  • Employee Assistance Program 
  • On the Job Training 
  • Career Services Program 
  • Recognition Program 
  • Paid Holidays and leave 
  • Defined benefit retirement program 
  • Savings Plus Program (401 (k), 457) 
  • Every 12 months, based on performance evaluation, employees may receive a 5% salary increase until they reach the maximum salary for the position. 

Contact Information

The Hiring Unit Contact is available to answer questions regarding the position or application process.

Department Website: http://www.insurance.ca.gov
Hiring Unit 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) 492-3024
OCR@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

Step 1: If you have not taken the Actuary or Actuary Senior examination, or if 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. 

Actuary: Examination Bulletin

Actuary Senior: Examination Bulletin
 

Step 2 - Submit your application including all required documents, by using the "Apply Now" button found at the top of this bulletin.

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.

Application Methods:
Electronic (Using your CalCareer Account)
By Mail
Drop-off
Print Job