What are the responsibilities and job description for the ACTUARIAL ANALYST position at Department of Insurance?
Department of Insurance
ACTUARIAL ANALYST
$5,051.00 - $9,107.00 per Month
New to State candidates will be hired into the minimum salary of the classification or minimum of alternate range when applicable.
Final Filing Date: 6/30/2026
Job Description and Duties
If this is you, then CDI may be the employer for you!
Under direction of the Chief Systems Actuary (CSA), the Actuarial Analyst is responsible for reviewing companies' Principle Based Reserving (PBR) documentation to ensure it reflects PBR standards and appropriate assumptions and methods. The incumbent evaluates life insurance company deterministic reserve and stochastic reserve techniques based on PBR methodology.
This position is designated under the Conflict of Interest Code. The position is responsible for making or participating in governmental decisions that may potentially have a material effect on personal financial interests. The appointee is required to complete Statement of Economic Interests (Form 700) within 30 days of appointment, annual filings, and a Leaving Office filing within 30 days of physical separation. Non-compliance with the Conflict of Interest Code requirements may result in voiding of the appointment, financial penalties, or enforcement actions.
Effective July 1, 2025, the California Department of Human Resources (CalHR) implemented the Personal Leave Program (PLP) 2025 and related Pay Differential 386. PLP 2025 requires employees to receive a reduction in pay in exchange for monthly hours of PLP 2025 leave credits. The salary range(s) included on this job posting do not reflect the reduction in pay. For more information, visit the CalHR website (www.calhr.ca.gov).
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Working Conditions
- Eligible for telework in accordance with CDIs Telework policy. Government Code 14200 for eligible applicants must reside in California. 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.
- Travel may be required within and/or outside the state of California, including attendance of on-site examinations and relevant actuarial conferences. Travel up to 25% may be required for the performance of this position.This travel will include overnight stay.
- Work in an office setting in a high-rise setting or at a home office.
Position Details
Department Information
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 entitites.
FINANCIAL SURVEILLANCE BRANCH
OFFICE OF PRINCIPLE BASED RESERVING
Department Website: http://www.insurance.ca.gov
Special Requirements
- Exam list eligibility - Refer to exam link below
- Transfer eligibility, if applicable, for current/former civil service employees
- Degree and/or School Transcripts
- 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: 6/30/2026Who May 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
Address for Mailing Application Packages
You may submit your application and any applicable or required documents to:
Address for Drop-Off Application Packages
You may drop off your application and any applicable or required documents at:
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
Desirable Qualifications
- BA/BS in actuarial science, math, statistics, computer science, or other quantitative discipline
- At least 1 actuarial exam passed
- 0.5 to 3 years of work experience, preferably in an actuarial or analytical position
- Proficient with the Microsoft Office suite of software (Excel, Word, PowerPoint, Access)
- Familiar with actuarial and statistical modeling methods, as well as computer programming languages
- Strong analytical and communication skills; able to multi-task and work independently
- Willing to travel and stay overnight
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 Human Resources Contact is available to answer questions regarding the position or application process.
Department Website: http://www.insurance.ca.gov
Human Resources Contact:
Classifications & 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
Actuarial Analyst: Actuarial Analyst Exam 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.
Salary : $340