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ABOLISHED 06/19/2014 PER PAY LETTER 14-09 - Actuary (5409)

ABOLISHED 06/19/2014 PER PAY LETTER 14-09 - Actuary

California State Personnel Board Specification

  • Schematic Code: LP20
  • Class Code: 5409
  • Established: 11/05/1938
  • Revised: 04/17/1984
  • Title Changed: --


Under direction to do the actuarial work involved in the examination of insurance companies; and to do other related work.

Typical Tasks

Analyzes and reviews statements, reports, and valuations based on actuarial and statistical data; makes actuarial valuations and verifies the accuracy and adequacy of premiums, rates, reserves or other relevant factors; acts as a consultant to nonactuarial personnel; prepares memoranda of proposed actions and recommendations and discusses the more complicated cases with the Chief Actuary, if applicable.

Minimum Qualifications

Experience: Three years of experience in a responsible actuarial position in a life or casualty insurance company, in consulting actuarial practice, or in a comparable actuarial position in a governmental agency. and Education: Either


1. Equivalent to graduation from college preferably with specialization in mathematics, insurance and accounting. (Additional qualifying experience may be substituted for the required education on a year-for-year basis.) or


2. Possession of an associateship or fellowship in the Society of Actuaries or the Casualty Actuarial Society; or


3. Membership in the American Academy of Actuaries.

Knowledge and Abilities

Knowledge of: Insurance principles and actuarial science; financial structure of various types of insurance companies.


Ability to: Make complex and extensive actuarial and statistical computations; appraise accurately from actuarial and statistical data the financial structure of insurance companies examined; prepare difficult and technical actuarial and statistical reports and correspondence; analyze situations accurately, and adopt an effective course of action.

  Updated: 10/10/2017
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