Please note: State agencies that contact job applicants do not usually request personal or financial information via text message or over the phone in connection with your response to a job posting. If you are contacted for such information by these methods, or any other method, please verify the identity of the individual before transmitting such information to that person.
Note: For questions about the job posting, please contact the agency that posted this position by using the contact information provided on the "Contact" tab for the position.

Review Vacancy

Date Posted 06/23/16

Applications Due07/23/16

Vacancy ID30982

AgencyInsurance Fund, State

TitleDeputy Chief Financial Officer

Occupational CategoryFinancial, Accounting, Auditing

Salary GradeNS

Bargaining UnitM/C - Management / Confidential (Unrepresented)

Salary RangeFrom $140000 to $160000 Annually

Employment Type Full-Time

Appointment Type Permanent

Jurisdictional Class Exempt Class

Travel Percentage 15%

Workweek Mon-Fri

Hours Per Week 37.5

Workday

From 9 AM

To 5 PM

Flextime allowed? No

Mandatory overtime? No

Compressed workweek allowed? No

Telecommuting allowed? No

County Albany

Street Address 15 Computer Drive West

City Albany

StateNY

Zip Code12205

Minimum Qualifications Must possess a Bachelors’ Degree and relevant work experience. Preference will be given to candidates with a Master’s Degree in Business Administration (MBA), Finance, or Accounting, and candidates who are Certified Public Accountants (CPAs). The ideal candidate would have experience in the financial sector, evaluating insurance companies or other financial companies, in areas such as profitability, expenses, returns, and other financial metrics, and experience with reporting and analyzing such metrics.

Duties Description Under the direction of NYSIF’s Chief Financial Officer, the Deputy Chief Financial Officer (DCFO) will manage the Financial Planning and Analysis function to reflect insurance industry best practices, including measuring, analyzing and forecasting financial results and making recommendations about product pricing, cost allocations and profitability targets. The DCFO will also assist the CFO in managing and controlling the organization’s financial processes, making the necessary changes to upgrade and improve process, policies and procedures.

Duties will include, but are not limited to the following:
• Assume primary responsibility for the creation of NYSIF’s financial statements and financial reports and submission of those statements and reports to the executive leadership of the Fund, to the Board of Commissioners, to regulators, to external auditors and to other constituents;
• Develop analytical tools and reports to evaluate the profitability of the Fund and its different segments of business. Advise on allocations of expenses and measure expenses as part of profitability analysis. Project revenues, expenses, and other factors in order to forecast business results. Recommend changes in pricing or operations to optimize the Fund’s financial results;
• Compare the Fund’s performance and results to competitors and peers and develop recommendations based on those comparisons.
• Supervise various teams of employees, including the following finance departments: Actuarial, Accounts Receivable/Receivables Management, Accounting Operations and Financial Planning Analysis-Budget.

Additional Comments The New York State Insurance Fund (NYSIF) was established in 1914 as part of the original enactment of the New York Workers’ Compensation Law. The Fund’s mission is to guarantee the availability of workers' compensation insurance at the lowest possible cost to employers, while maintaining a solvent fund, as well as to provide timely and appropriate indemnity and medical payments to injured workers. NYSIF is a self-supporting insurance carrier that competes with private insurers in both the workers’ compensation and disability benefits markets in New York State. With 160,000 policyholders, over $2 billion in annual premium and $17 billion of assets, NYSIF is the largest workers’ compensation carrier in the state and among the top ten largest workers’ compensation carriers in the nation. NYSIF provides disability benefits coverage for off-the-job injuries to more than 61,000 New York employers.

Some positions may require additional credentials or a background check to verify your identity.

Name Carol Filkins

Telephone

Fax (518) 437-1618

Email Address hr@nysif.com

Address

Street 15 Computer Drive West

City Albany

State NY

Zip Code 12005

 

Notes on ApplyingPlease send a resume and cover letter to HR@NYSIF.COM. Include the Vacancy ID number in the subject of your email.

Printable Version