_*Applying on Indee
com is NOT considered an official subm
sion to t
- vacancy.*_
_*F
- ow the link to ap
- : *_ https://cal
- eers.ca.gov/C
- rPublic/Jobs/Jo
- sting.aspx?JobCo
trolId=43
ption and Duties*
U
- r the direction of the Supervising Casualty Actuary,
e Casualty Actuary works
n complex actuarial analysis projects. Specifically, the Casualty Actuary performs a variety of consultative and analytical assignments associated with aspects of Property and Casualty insurance rate regulation. In addition, the Casualty Actuary provides support for assignments requested by or in concert with the Commissioner and other Department branches, as required
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.
_Position may be headquartered in Los Angeles, Oakland or Sacramento._
_Final Filing Date: Until Filled_
You will find additional information about the job in the *Duty Statement*
*Working Conditions*
* Eligible for telework in accordance with CDIs 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.
* 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
*Additional Documents*
* Job Application Package Checklist
* Duty Statement
*Job Code #:*
JC-432168
*Position #(s):*
413-227-5436-XXX
413-327-5436-XXX
*Working Title:*
Casualty Actuary
*Classification:*
ACTUARY
$10,114.00 - $13,878.00
*# of Positions:*
Multiple
*Work Location:*
United States
*Telework:*
Hybrid
*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, we want to hear from you!
Department Website: http://www.insurance.ca.gov
*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 Associateship designation from the Casualty Actuarial Society (FCAS) with knowledge of the Actuarial Standards of Practice promulgated by the American Academy of Actuaries;
* Actively pursuing attainment of Fellowship designation from the Casualty Actuarial Society (FCAS);
* Experience in developing or reviewing rates for P&C lines of insurance while possessing an ACAS;
* 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
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: Until Filled*
*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
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.
Job Type: Full-time
Pay: $10,114.00 - $13,878.00 per month
Benefits:
* Dental insurance
* Flexible schedule
* Health insurance
* Paid time off
* Retirement plan
* Vision insurance
Schedule:
* 8 hour shift
Ability to Relocate:
* California: Relocate before starting work (Required)
Work Location: In person