INSURANCE RATE ANALYST

State of California; California (MO); Hybrid; USD 51,000 - 58,000; Full time

Benefits offered by this job

Telework options

Health, dental, vision insurance

Defined retirement program

Savings Plan (401k, 457)

Job summary

The California Department of Insurance (CDI) seeks an Insurance Rate Analyst to study and apply ratemaking principles, analyze data, and prepare rate component determinations for property and casualty lines. The role supports the Rate Regulation Branch and involves telework-friendly, hybrid work arrangements.

Final Filing Date: 9/4/2026. Salary ranges from $4,582 to $5,205 per month; candidates may be hired at the minimum of the classification or alternate range if applicable.

Qualifications

• BS or MS in mathematics, statistics, computer sciences, engineering, finance or accounting with good understanding of mathematical algorithms.
• Ability to gather and analyze data, reason logically, draw valid conclusions and prepare reports.
• Ability to communicate effectively, both orally and through written correspondence.
• Be willing to learn insurance law, CCR, ratemaking procedures, SAP and GAAP.

Responsibilities

• Review rate filings containing rates, rating plans, rating systems and policy forms for property and casualty lines.
• Analyze data from large databases or financial reports and prepare summary reports.
• Communicate with insurers to conduct data calls and provide consultation to staff on technical issues.

Skills

Mathematics

Statistics

Data analysis

Communication

Report writing

Insurance knowledge

Education

BS/MS in mathematics, statistics, CS, engineering, finance or accounting

Job description

Insurance Rate Analyst
INSURANCE RATE ANALYST

$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.

Final Filing Date: 9/4/2026

Do you enjoy working in a fast-paced Remote-Centeredenvironment 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 RegulationBranch.
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 leavecredits. The salary range(s) included on this job posting do not reflect the reduction in pay. For more information, visit the CalHR website ( www.calhr.ca.gov ).
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You will find additional information about the job in the Duty Statement .

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.

Minimum Requirements

You will find the Minimum Requirements in the Class Specification.

• INSURANCE RATE ANALYST

# of Positions:

1

Work Location:

Telework:

Hybrid

Job Type:

Permanent, Full Time

Department Information

The CDI is the consumer protection agency for the nation's largest insurance marketplace and safeguards all of the state’s consumers by fairly regulating the insurance industry. With annual direct premiums of $340 billion, California is the largest insurance market in the United States and the fourth largest insurance market in the world.

Nearly 1,400 dedicated employees work at CDI to oversee more than 1,400 insurance companies and license more than 425,000 agents, brokers, adjusters, and business entities.

RATE REGULATION BRANCH
Rate Regulation Division
Rate Specialist Bureau

Desirable Qualifications

• 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 usestatistical methods and various computer applicationprograms.
• 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 relationshipswith all levels of staff.
• Willingness to pursue professional enhancement activities by acquiringand maintaining an advanced working knowledge of insurance products, laws, practices, andprocedures through independent study and continuing education courses.
• Be willing to learninsurance law, California Code of Regulation (CCR), principle of Ratemaking Procedures, StatutoryAccounting Procedure (SAP)and General Accepted Accounting Procedure (GAAP).
• Remote work options
• Medical Benefits - including health, dental, and vision insurance
• Employee Wellness Program
• Employee Assistance Program
• On the Job Training
• 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.

• 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.

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

Contact Information

The Hiring Unit Contact is available to answer questions regarding the position or application process.

Department Website: http://www.insurance.ca.gov

Hiring Unit Contact:
Classification & Consultation Unit
[phone]
[e-mail]

Requirements for reasonable accommodations for the hiring interview process must request the necessary accommodations if scheduled for a hiring interview. The request should be made at the time of contact to schedule the interview. Questions regarding reasonable accommodations may be directed to the EEO contact listed on this job posting.

EEO Contact:
EEO Officer
[phone]
[e-mail]

California Relay Service: 1-800-735-2929 (TTY), 1-800-735-2922 (Voice)TTY is a Telecommunications Device for the Deaf, and is reachable only from phones equipped with a TTY Device.

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.

Equal Opportunity Employer

The State of California is an equal opportunity employer to all, regardless of age, ancestry, color, disability (mental and physical), exercising the right to family care and medical leave, gender, gender expression, gender identity, genetic information, marital status, medical condition, military or veteran status, national origin, political affiliation, race, religious creed, sex (includes pregnancy, childbirth, breastfeeding and related medical conditions), and sexual orientation.

It is an objective of the State of California to achieve a drug-free work place. Any applicant for state employment will be expected to behave in accordance with this objective because the use of illegal drugs is inconsistent with the law of the State, the rules governing Civil Service, and the special trust placed in public servants.