State of California

Senior Actuary

State of California

Sacramento, CA, USA
Full-TimeDepends on ExperienceSenior LevelMasters
Job Description

We are seeking a highly skilled and experienced Senior Actuary to join our team at the State of California. As a Senior Actuary, you will play a crucial role in providing accurate and comprehensive actuarial analysis and recommendations for the state's insurance and retirement programs. Your expertise will be essential in ensuring the financial stability and sustainability of these programs, as well as protecting the interests of our citizens. The ideal candidate will possess a strong background in actuarial science, exceptional analytical skills, and a deep understanding of insurance and retirement systems. If you are a dedicated and strategic thinker with a passion for public service, we encourage you to apply for this exciting opportunity.

  1. Develop and implement actuarial strategies and methodologies for analyzing insurance and retirement programs for the State of California.
  2. Conduct comprehensive actuarial analysis to assess the financial stability and sustainability of existing programs and make recommendations for improvement.
  3. Collaborate with internal and external stakeholders to gather data and information necessary for actuarial analysis.
  4. Utilize advanced actuarial modeling techniques to evaluate risk and make informed decisions about program design and pricing.
  5. Regularly review and update actuarial assumptions and methods to ensure accuracy and relevance.
  6. Prepare and present reports, findings, and recommendations to senior management and other decision-makers.
  7. Serve as a subject matter expert on actuarial issues and provide guidance and support to colleagues and other team members.
  8. Stay current with industry trends and regulations related to insurance and retirement programs and incorporate them into analyses and recommendations.
  9. Provide support and advice to state officials and policymakers on actuarial matters related to insurance and retirement programs.
  10. Ensure compliance with all relevant laws, regulations, and ethical standards in all actuarial work.
Where is this job?
This job is located at Sacramento, CA, USA
Job Qualifications
  • Bachelor's Degree In Actuarial Science, Mathematics, Statistics, Or A Related Field.

  • At Least 7 Years Of Experience In Actuarial Work, Preferably In The Public Sector.

  • Fellow Of The Society Of Actuaries (Fsa) Or Equivalent Designation.

  • Extensive Knowledge Of Actuarial Principles, Methodologies, And Techniques, Particularly In The Areas Of Pension, Health, And Insurance.

  • Strong Analytical And Problem-Solving Skills, With The Ability To Use Data And Statistical Tools To Make Strategic Decisions And Recommendations.

Required Skills
  • Budgeting

  • Risk Management

  • Strategic Planning

  • statistical analysis

  • Data Modeling

  • Financial forecasting

  • Investment Analysis

  • Cost Containment

  • Actuarial Science

  • Pension Valuation

  • Insurance Regulation

Soft Skills
  • Communication

  • Conflict Resolution

  • Emotional Intelligence

  • Leadership

  • Time management

  • creativity

  • Critical thinking

  • Teamwork

  • Adaptability

  • Problem-Solving

Compensation

According to JobzMall, the average salary range for a Senior Actuary in Sacramento, CA, USA is between $130,000 and $180,000 per year. This may vary depending on the specific company, years of experience, and other factors.

Additional Information
State of California is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
Required LanguagesEnglish
Job PostedFebruary 21st, 2024
Apply BeforeMay 22nd, 2025
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About State of California

California, a western U.S. state, stretches from the Mexican border along the Pacific for nearly 900 miles. Its terrain includes cliff-lined beaches, redwood forest, the Sierra Nevada Mountains, Central Valley farmland and the Mojave Desert. The city of Los Angeles is the seat of the Hollywood entertainment industry. Hilly San Francisco is known for the Golden Gate Bridge, Alcatraz Island and cable cars.

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