Insurance Rate Analyst

Job Description and Duties

Do you enjoy working in a fast-paced Remote-Centered environment with variety in your work? The California Department of Insurance (CDI) is seeking a dynamic Insurance Rate Analyst ready to study and apply the principles and techniques of insurance ratemaking , to join the Rate Regulation Branch.

If this is you, then CDI may be the employer for you!

The Insurance Rate Analyst (IRA) works with data from large databases or financial reports, conducts data analysis and compiles data to generate rate component determination (RCD) generic factors, and prepares other mandated reports. Reviews and analyzes less difficult rate filings containing rates, rating plans, rating systems, manual rules and policy forms for property and casualty lines of business. The analyst communicates with insurers to conduct data calls and prepares summary reports and provides consultation to other departmental staff on technical issues. The analyst performs individual, or group projects as assigned by the Bureau Chief and performs other duties as required.

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 a Statement of Economic Interest (Form 700), which includes an Assuming Office filing 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 the voiding of 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 ().

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Working Conditions

• The incumbent may telework in accordance with CDI's 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.
• The incumbent must be able to work in a high rise building.
• Position may require frequent sitting.

Special Requirements

Please attach (upload) all the required documents 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 not considered for an interview.

• Exam list eligibility - refer to exam link below.
• Transfer eligibility, if applicable, for current/former civil service employees
• Resume
• Degree and/ or School Transcripts

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:

• Candidate with a BS or MS degrees in mathematics, statistics, computer sciences, engineering, financial or accounting with good understanding of mathematical algorithms and be able to use statistical methods and various computer application programs.
• Ability to gather and analyze data, reason logically, draw valid conclusions and prepare reports. 
• Ability to communicate effectively, both orally and through written correspondence.
• Ability to develop effective working relationships with all levels of staff.
• Willingness to pursue professional enhancement activities by acquiring and maintaining an advanced working knowledge of insurance products, laws, practices, and procedures through independent study and continuing education courses.
• Be willing to learn insurance law, California Code of Regulation (CCR), principle of Ratemaking Procedures, Statutory Accounting Procedure (SAP) and General Accepted Accounting Procedure (GAAP).

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.

Examination Information

Step 1 - If you have not taken the Insurance Rate Analyst 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.

Insurance Rate Analyst: Insurance Rate Analyst

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

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