Job Description

Job Description and Duties

Under the general direction of the Director, and general direction of the Deputy Director, Office of Financial Review, the Actuary Supervisor will serve as the actuarial advisor to executive management regarding the financial structure of health plans and pharmacy benefit managers (PBM) and related actuarial and statistical historical and emerging trends; monitor health plans for compliance with premium rate review laws, rules, and regulations and advise the Director accordingly; represent the Department statewide before the Legislature, State agencies, committees, subcommittees, task forces, insurance association work groups, other stakeholders, and the public. Perform the highest skilled actuarial work including the most complex and extensive actuarial and statistical computations; advise the Director on the financial structure of various health plans and PBM resulting from actuarial and statistical data collected; develop and review legislation impacting actuarial work; review financial statements, actuarial reports, valuation data, and premium rate review findings submitted by subordinate actuarial staff; and plan and direct the work of the Actuarial Unit’s actuarial and support staff.

Occasional travel for meetings and/or conferences.

Please let us know how you heard about this position by taking a brief survey: .

Leave Program (PLP) 2025 agreement:

Effective July 1, 2025, the California Department of Human Resources (CalHR) implemented the temporary Personal Leave Program 2025 (PLP 2025). PLP 2025 directs that each employee receive a temporary reduction in pay in exchange for PLP 2025 leave credits. The temporary salary reduction percentage and the number of PLP 2025 leave credits are based on the position’s associated bargaining unit. The salary range(s) included in this job advertisement do not include the temporary salary reduction .

You will find additional information about the job in the .

Working Conditions

The DMHC has locations in Downtown Sacramento and Rancho Cordova. Both locations are located close to light-rail with various amenities. The incumbent will work in a climate-controlled cubicle and/or office environment with artificial lighting.

This position may be eligible for hybrid telework. The telework schedule is permitted at the operational needs of the Department and is subject to change, consistent with the State Telework Policy and the DMHC’s Telework Policy. All employees who telework are required to be California residents and maintain California residency in accordance with Government Code 14200.

Special Requirements

• The position(s) require(s) a Background Investigation be cleared prior to being hired.

All applicants not currently employed by the DMHC will be subject to a pre-employment background investigation. The investigation will consist of fingerprinting and an inquiry to the California Department of Justice to disclose criminal records.

Any documents you submit for a job vacancy such as your State application, resume, cover letter, educational transcripts, etc. SHOULD NOT include ANY confidential information. Confidential information that should be excluded or removed from these documents include, but is not limited to, your Social Security Number (SSN), birthday, driver’s license number (unless required), basis of eligibility, examination results, LEAP status, marital status, and age. Confidential information on the first page of applications submitted electronically online, such as Easy ID number, SSN, examination related information, and driver’s license number will automatically be redacted upon submission. Possession of Minimum Qualifications will be verified prior to interview and/or appointment .

If you are using education to meet the minimum qualifications for this position, you MUST submit a copy of your college transcripts .

Unofficial transcripts may be accepted during the application process; however, submission of official transcripts may be required prior to appointment.

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:

1. Possession of an Associateship in the Society of Actuaries (ASA) and/or Fellowship in the Society of Actuaries (FSA).

2. Experience in reviewing and analyzing historical and projected claims and expenses.

3. Experience in reviewing and analyzing health insurance rate filings for large group, small group, and individual products.

4. Experience in providing actuarial opinions and projections of proposed premium rates filed by the health plan to determine compliance with statutory requirements (Health and Safety Code section 1385).

5. Experience in preforming sensitivity testing of alternative actuarial assumptions (e.g. medical trend projections).

6. Knowledge and experience in using various software, including SERFF (System for Electronic Rate and Form Filing).

7. Ability to direct senior actuaries and associate actuaries to ensure staff is properly trained to perform essential job.

8. Experience in developing, implementing and supervising training programs to ensure staff is properly trained / educated.

9. Possess a high degree of initiative, professionalism, confidentiality and the ability to interact effectively with internal and external stakeholders.

10. Understanding of federal and state legislation, statutes and regulations related to health care.

11 Strong written and oral communication skills.

12. Strong organizational skills and a commitment to producing a quality work product.

13. Ability to use tact and good judgment.

14. Ability to be flexible in response to changing workload.

Benefits

Benefit information can be found on the CalHR website and the CalPERS website.

Additional Application Instructions

To be considered for this vacancy, please complete all applicable fields on the application form, including a list or description of previous/current occupational experience in the duties performed section.

Electronic applications through your CalCareer account are highly recommended.

If you are unable to apply electronically through your CalCareer account, please mail or drop off a hard copy of your application packet. Please notate RPA: 25-193  and Job Control: JC-513953on your application.

All Experience and Education relating to the Minimum Qualifications listed on the Classification Specification should be included to clearly demonstrate how you meet the Minimum Qualifications for the position on your State Application (STD Form 678). The application should also clearly demonstrate the candidate’s ability to meet the Desirable Qualifications identified in this job advertisement. The Classification Specification for Actuary Supervisor is located at the top of this Job Announcement Posting under Minimum Requirements.

Foreign Degrees or Transcripts – Applicants with foreign degrees or transcripts who wish to apply that coursework toward meeting the minimum qualifications of the classification must provide a transcript evaluation that indicates the number of units to which his/her foreign coursework is equivalent. DMHC accepts foreign transcript evaluations that are completed by one of the agencies approved by the .

PLEASE NOTE: If you are mailing your application, it must be postmarked by the final filing date. Hand delivered applications must be submitted no later than 5:00 p.m. on the final filing date. Applications slipped under the door at the Human Resources Office will be time stamped the following business day.

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.

Job Tags

Permanent employment, Full time, Work at office, Remote work, Flexible hours

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