Casualty Actuaries
RE-ADVERTISMENT - 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.
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.
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
New to State candidates will be hired into the minimum salary of the classification or minimum of alternate range when applicable.
Shall Consider:
ACTUARY
$10,769.00 - $13,485.00 A
$11,737.00 - $14,294.00 B
# of Positions:
2
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
Final Filing Date: 6/27/2025
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.