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Review Vacancy

Date Posted 08/02/18

Applications Due09/02/18

Vacancy ID56700

AgencyInsurance Fund, State

TitlePrincipal Actuary Casualty

Occupational CategoryFinancial, Accounting, Auditing

Salary Grade28

Bargaining UnitPS&T - Professional, Scientific, and Technical (PEF)

Salary RangeFrom $95136 to $116844 Annually

Employment Type Full-Time

Appointment Type Permanent

Jurisdictional Class Competitive Class

Travel Percentage 10%

Workweek Mon-Fri

Hours Per Week 37.5

Workday

From 8:30 AM

To 5 PM

Flextime allowed? No

Mandatory overtime? No

Compressed workweek allowed? No

Telecommuting allowed? No

County New York

Street Address 199 Church Street

City New York

StateNY

Zip Code10007

Minimum Qualifications Minimum Qualifications:
Bachelor’s degree, successful completion of at least four (4) examinations from the Casualty Actuarial Society and four years of actuarial experience. The Application for Examination may be accessed through the following link: https://www.cs.ny.gov/extdocs/pdf/20-113.pdf. Candidates must complete and submit the Application for Examination appropriate for this position.

Please see the NYS Department of Civil Service examination announcement linked below for additional notes regarding these qualifications: https://www.cs.ny.gov/examannouncements/announcements/oc-cr/decentralized/20-118.cfm

Preferred Qualifications:
Preferred qualifications include membership in the American Academy of Actuaries (MAAA) or an Associate of the Society of Actuaries (ASA). Disability actuarial experience preferred.

Duties Description Illustrative Duties:
The Principal Actuary Casualty will report to the Chief Actuary or other high-level actuarial staff and will be responsible for performing the following duties which include but will not be limited to:
• Provide statutory disability coverage and Paid Family Leave coverage to support the Disability Benefits Fund.
• Analyze trends and drivers.
• Calculate appropriate loss reserves.
• Develop monthly, quarterly and annual financial reports.
• Review rates and rate structure.
• Review Return of Premium program and Premium Adjustment program.
• Analyze proposed new products and contracts.
• Develop analytics and models to support executive level decision making.
• Advise and assist business partners in the use of actuarial and mathematical techniques to analyze the business.
• Possible advisory and/or management responsibilities in support of the Aggregate Trust Fund depending on experience and qualification.

Additional Comments This position may be filled in either Albany or NYC.

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

Name Renee Bartholomew

Telephone

Fax (518) 437-1618

Email Address hr@nysif.com

Address

Street 15 Computer Drive West

City Albany

State NY

Zip Code 12205

 

Notes on ApplyingPlease include the position title and vacancy id number on your cover letter. Candidates should mail or email their cover letter, resume and Application for Examination to the following address:

The New York State Insurance Fund
Attn: Human Resources
15 Computer Drive West
Albany, NY 12205
E-Mail address: hr@nysif.com

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