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Location

Sacramento County, CA | United States

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Job description

Job Description and Duties

Remote-Centered
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.

Under general direction of the Chief Systems Actuary, the Senior Actuarial Assistant performs reviews of Principle Based Reserving (PBR) reserve estimates, with particular attention to analyzing any "black box" aspects of the PBR process. Review the underlying model(s), including reviewing relevant underlying code with the assistance of Office of Principle Based Reserving (OPBR) IT staff. Perform complete model reviews, including but not limited to reviewing inputs, outputs, model form, model validation, and model sensitivities. Assist the Chief Systems Actuary and Senior Life Actuaries with the leadership and direction of the OPBR team. This will include contributing to training efforts for new team members, presenting on PBR topics, and modelling exemplary dedication and attention to detail.


Travel up to 25% required for the performance of this position. This travel will include overnight stay.



EXAMINATION INFORMATION


Step 1 - If you have not taken the Actuary 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.


CalCareers


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


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

• Telework - Eligible for telework in accordance with CDIs Telework policy. Government Code 14200 for eligible applicants must reside in California.

• Work in an office setting in a high-rise building.
• Use of computing hardware and software for many hours of the work day.
• Carry laptop, papers, office supplies, etc. for the purposes of travel and/or telecommuting.

Job Code #:

JC-417052

Position #(s):

413-353-5436-001

Working Title:

Actuary

Classification:

ACTUARY

$10,455.00 - $13,092.00 A

$11,395.00 - $13,878.00 B

Work Location:

Sacramento County

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 Financial Surveillance Branch - Office of Principle Based Reserviving (PBR ). If you want to be part of a fast-paced collaborative team, in a Remote-Centered environment, we want to hear from you!

Department Website:

Special Requirements

Please first apply for eligibility and attach (upload) all the required documents necessary 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 will not be considered. Minimum qualifications for the position can be found within the related Class Specification link under the "Additional Documentation" section along the right side of this posting.


In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification form upon hire

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: 2/29/2024

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 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: Classifications & Consultation

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

Classifications & Consultation

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 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:

• Proven commitment to creating a work environment that celebrates diverse backgrounds, cultures and personal experiences.
• Credentialed Actuary (ASA) with 3+ years of PBR experience
• Knowledge of actuarial and statistical modeling methods
• Computer programming experience
• Able to identify magnitude and effect of flawed data or model design
• Strong communication skills
• Able to multi-task
• Willing to travel and stay overnight. Under direction of the Chief Systems Actuary (CSA), the Actuary will be responsible for reviewing companies' Principle Based Reserving (PBR) documentation to ensure it reflects PBR standards and appropriate assumptions and methods. Evaluates life insurance company deterministic reserve and stochastic reserve techniques based on PBR methodology. Travel will be required within and/or outside the state of California, including attendance of on-site examinations and relevant actuarial conferences.

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

Click here to view all the benefits available to you as a state employee!

Contact Information

The Human Resources Contact is available to answer questions regarding the position or application process.

Department Website:

Human Resources Contact:
Classification & Consultation Unit
(916) 492-3300
[email protected]

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) 492-3388

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.

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.

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