Department Of Insurance
posted 3 months ago
Under the direction of the Chief Systems Actuary (CSA), the Actuarial Analyst will be responsible for reviewing life insurance companies' Principle Based Reserving (PBR) documentation to ensure it reflects PBR standards and appropriate assumptions and methods. This role involves evaluating life insurance company deterministic reserve and stochastic reserve techniques based on PBR methodology. The Actuarial Analyst will play a crucial role in ensuring that the documentation meets regulatory standards and accurately represents the financial health of the companies being reviewed. The position requires a strong analytical mindset and the ability to communicate complex actuarial concepts clearly. The Actuarial Analyst will also be involved in the preparation of reports and presentations that summarize findings and recommendations based on the analysis of the PBR documentation. This role may require collaboration with other departments and stakeholders to ensure comprehensive evaluations and adherence to best practices in actuarial science. Additionally, the Actuarial Analyst will be expected to stay updated on industry trends and regulatory changes that may impact PBR practices. The position may involve attending relevant actuarial conferences and on-site examinations, which could require travel both within and outside the state of California. The work environment is hybrid, allowing for a combination of remote work and office presence, and the candidate must be comfortable using various computing hardware and software for extended periods.