INSURANCE RATE ANALYST

Job Code #: JC-529396 | Position #: 413-321-4441-006

About the role

The California Department of Insurance (CDI) is seeking a dynamic Insurance Rate Analyst to study and apply the principles and techniques of insurance ratemaking within the Rate Regulation Branch. This role operates in a fast-paced, hybrid environment and involves working with large databases, conducting data analysis, and compiling data to generate rate component determination (RCD) generic factors and other mandated reports.

Responsibilities

• Review and analyze rate filings, including rates, rating plans, rating systems, manual rules, and policy forms for property and casualty lines of business.
• Work with data from large databases or financial reports to conduct data analysis and compile data for rate component determination (RCD) generic factors.
• Prepare summary reports and provide consultation to other departmental staff on technical issues.
• Communicate with insurers to conduct data calls.
• Perform individual or group projects as assigned by the Bureau Chief.
• Complete a Statement of Economic Interest (Form 700) within 30 days of appointment, with annual filings and a Leaving Office filing within 30 days of separation.

Requirements

• Understanding of insurance ratemaking principles and techniques.
• Ability to work with large databases and conduct data analysis.
• Experience reviewing and analyzing rate filings for property and casualty lines of business.
• Completion of a Statement of Economic Interest (Form 700) due to potential conflict of interest considerations.
• Adherence to the State of California’s drug-free workplace objective.

Qualifications

• Applicants must meet the Minimum Qualifications stated in the Classification Specification for the Insurance Rate Analyst position.
• Eligibility for lateral transfer, reinstatement, list or LEAP eligibility, or SROA/Surplus eligibility (priority given to SROA/Surplus candidates).

Pay

$4,582.00 - $5,205.00 per month. New to State candidates will be hired into the minimum salary of the classification or minimum of alternate range when applicable.

Effective July 1, 2025, the salary range does not reflect a reduction in pay due to the Personal Leave Program (PLP) 2025, which requires employees to receive a reduction in pay in exchange for monthly hours of PLP 2025 leave credits.

Schedule

Permanent, full-time position with hybrid telework options.

Benefits

• Comprehensive benefits package as provided by the State of California.
• Eligibility for the Personal Leave Program (PLP) 2025, which provides leave credits in exchange for a pay reduction.