Under general supervision of the Chief Actuary, CEA, the Senior Casualty Actuary works independently on the most complex actuarial analysis projects. Specifically, the Senior Casualty Actuary performs a wide variety of consultative and analytical assignments associated with the aspects of Property and Casualty rate regulation. In addition, the Senior Casualty Actuary provides assistance to the Commissioner and other Department branches, as required. Some travel is required within and/or outside the state of California via private or public transportation (i.e., automobile, airplane, etc.) Travel will/may include overnight stay.
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.
A Statement of Qualifications is required, please see below for instructions.
Training & Development Assignments will not be accepted.
In addition to the current salary candidates will be eligible for a Recruitment & Retention Pay Differential of 10.99%
You MUST take the SENIOR CASUALTY ACTUARY examinationto be eligible for appointment. Please click the link provided below for the examination information/instructions. Please read the entire examination bulletin. FAILURE TO SUBMIT ANY OF THE REQUIRED DOCUMENTATION LISTED IN THE EXAMINATION BULLETIN MAY RESULT IN DISQUALIFICATION FROM THIS EXAMINATION.
Failure to submit any of the required documentation listed in the examination bulletin may result in disqualification from this examination. Any questions regarding the minimum qualifications, applying for the examination, being scheduled for the examination, being scheduled for the examination, reasonable accommodations, the examination components, scoring, etc., may be directed to our Classification and Examinations Unit at CDIJobInquiries@Insurance.ca.gov
You will find additional information about the job in the Duty Statement.
Applications will only be reviewed through the calcareers.ca.gov site:
This recruitment is to fill one position, and may be located in Oakland, Sacramento or Los Angeles.
If interested in Los Angeles, please apply to JC-243118.
If interested in the Oakland please apply to JC-243116.
If interested in the Sacramento, please apply to JC-243109.
One year of experience in the California state service performing the duties of an Associate Casualty Actuary.
Experience: Four years of experience in either: (1) a responsible actuarial position in a casualty insurance company; (2) a responsible position as a consulting actuary involving casualty, indemnity, or liability forms of insurance, or (3) a comparable actuarial position in another governmental agency. (Experience in the California state service applied toward this requirement must be at the level of responsibility provided in the promotional pattern.) and
Education: Equivalent to graduation from college preferably with a specialization in mathematics, insurance or accounting. (Additional qualifying experience may be substituted for the required education on a year-for-year basis.)
Internal Number: JC-243118
About California Department of Insurance
The California Department of Insurance (CDI) was created in 1868 as part of a national system of state-based insurance regulation. The insurance marketplace has changed dramatically over time, but consumer protection continues to be the core of CDI's mission.
Today, CDI is the largest consumer protection agency in the state. California is the largest insurance market in the United States and the sixth largest insurance market in the world.
More than 1,300 dedicated employees work at CDI to oversee more than 1,300 insurance companies and license more than 390,000 agents, brokers, adjusters, and business entities. In the normal course of business, CDI annually processes more than 7,000 rate applications, issues approximately 180,000 licenses (new and renewals) and performs hundreds of financial reviews and examinations of insurers doing business in California. CDI annually receives more than 170,000 consumer assistance calls, investigates more than 35,000 consumer complaints and, as a result, recovers more than $63 million a year for consumers. CDI also annually receives and processes roughly 29,000 referrals regarding suspected fraud against insurers and others and conducts cr...iminal investigations resulting in roughly 800 arrests.
All of CDI's functions, including overseeing insurer solvency, licensing agents and brokers, conducting market conduct reviews, resolving consumer complaints, and investigating and prosecuting insurance fraud, are to protect consumers.
Consumers, insurance companies, and licensees rely on CDI to ensure that insurance products and services are available to consumers in a timely way, and that they deliver fair and equal benefits. To meet these expectations, CDI ensures that insurers are solvent, consumer complaints are addressed in a reasonable manner, and insurers and licensees play fairly in the marketplace. CDI regulates insurers with more than $123 billion in annual direct premiums.
In 1988, California voters passed Proposition 103, a citizen-led initiative. Proposition 103 expanded CDI's authority as well as changed the Insurance Commissioner from an appointee of the Governor to an independent statewide officer elected by popular vote. Proposition 103 also required prior approvals of property and casualty rates, including personal auto and homeowner insurance.
CDI enforces the insurance laws of California and has authority over how insurers and licensees conduct business in California.
License fees, assessments, and Proposition 103 recoupment fees are the primary sources of funding for CDI.