NY HELPYes

AgencyState Comptroller, Office of the

TitlePrincipal Actuary Life, SG–663(NYHELPS)Item# 07058

Occupational CategoryFinancial, Accounting, Auditing

Salary Grade663

Bargaining UnitM/C - Managerial/Confidential (Unrepresented)

Salary RangeFrom $115283 to $145682 Annually

Employment Type Full-Time

Appointment Type Contingent Permanent

Jurisdictional Class Competitive Class

Travel Percentage 0%

Workweek Mon-Fri

Hours Per Week 37.5

Workday

From 8 AM

To 4 PM

Flextime allowed? No

Mandatory overtime? No

Compressed workweek allowed? No

Telecommuting allowed? Yes

County Albany

Street Address 110 State Street

City Albany

StateNY

Zip Code12236

Duties Description This position is located within the Bureau of Actuarial, Division of Retirement Services and is responsible for:
• Fiscal Notes
o Update fiscal notes for a new legislative session, especially one-person bills.
o Develop a mastery of Access.
o Develop a mastery of PeopleSoft data and cases.
o Review and check all revisions to fiscal note policies.
o Provide input on revisions to fiscal note policies, as needed.
• Publications
o Lead development of actuarial reports and other reports including the report of the actuary, the ACFR, and DFS insurance reports.
o Additionally, check the three annual state estimates, the items for the annual state bill, and any calculations necessary for ad hoc payments.
• Actuarial Calculations
o Complete calculations of bond refunding, workers compensation offsets, escalation, COLA, structured judgements, and option 4 calculations (including qualified domestic relations orders).
• Actuarial Assumptions Research
o As directed by the Chief Actuary, perform independent research of outside forces impacting various actuarial assumptions to support the development of the Actuarial Assumptions Report.
o Draft memorandums establishing policies and procedures for actuarial bureau for review by the lead actuary.

Minimum Qualifications Do you want a career with a purpose that provides work/life balance? Apply today to join the Office of the New York State Comptroller.

No exam required under the New York Hiring for Emergency Limited Placement Statewide (NY HELPS) Program.

Non-Competitive Qualifications for appointment under the NYHELPS Program:
Bachelor's degree or higher; AND successful completion of the Society of Actuaries examinations MLC, MFE, and two additional examinations; AND four years of actuarial experience in one or more of the following activities:
• Actuarial or statistical work for operating units or management.
• Governmental regulatory actuarial functions.
• Governmental or private pension actuarial functions.
• Performing actuarial computations for reserves, premium rates, and/or policy forms.

Competitive Minimum Qualifications:
You must be currently reachable on the appropriate eligible list for this title or eligible to transfer under Section 52.6 of the Civil Service Law.

52.6 Transfer:
To be eligible for a 52.6 transfer to a Principal Actuary Life, you must have one year of permanent competitive service in a qualifying title; AND a bachelor's degree or higher including or supplemented by 24 semester credit hours in mathematics, statistics, and/or actuarial science; AND successful completion of the Society of Actuaries examinations MLC, MFE, and two additional examinations; AND four years of qualifying actuarial experience.

To determine if your current Civil Service title is eligible for transfer to this title, visit the Career Mobility GOT-IT website: Career Mobility Office » GOT-IT (ny.gov)

Appointments via transfer must not result in a second, consecutive transfer with an advancement of more than two S-grades or one M-grade.

Additional Comments Knowledge, skills, and abilities:

(1) Experience or knowledge base for developing optional pension allowances
(2) Experience conducting research and reviewing reports that require an actuarial statement of opinion.
(3) Strong supporting role as a member of a team.
(4) Strong computational skills, especially when working in Excel.
(5) Diligence working independently and managing one’s own time with multiple priorities.

Telecommuting: The Office of the New York State Comptroller (OSC) supports telecommuting where it is reasonable to do so based upon the agency’s mission and operational needs. Generally, employees new to OSC will be restricted from telecommuting for at least 8 calendar weeks. After the initial 8 calendar week restriction, if an employee’s primary residence location, duties, and work performance are aligned with telecommuting and operational needs they may be allowed to do so. Generally, OSC employees may telecommute up to 5 days per pay period but may be approved to telecommute less.

Reasonable Accommodation: The NYS Office of the State Comptroller provides reasonable accommodations to applicants with disabilities. If you need reasonable accommodation for any part of the application and hiring process, please notify the Division of Human Resources at (518) 474-1924.

Equal Opportunity Employment: The Office of the NYS Comptroller values a workforce with a broad, diverse range of backgrounds and perspectives. All employees are expected to contribute to a professional environment focused on self-evaluation and improvement, as well as acceptance and support of coworkers.

The Office of the State Comptroller does not participate in E-Verify or sponsor visa applications.

OSC offers competitive salaries and benefits, and opportunities for advancement, continuing education, and professional development. We provide a professional environment where employees are encouraged to push themselves while maintaining work-life balance. Our generous benefits package includes:
• A state pension with vesting after five years’ service
• Comprehensive medical, dental and vision insurance available to all employees and their dependents
• Flexible spending accounts for dependent and health care
• Productivity Enhancement Program (PEP), allowing eligible employees to exchange previously accrued leave in return for a credit to be applied toward their health insurance
• Public Service Loan Forgiveness (PSLF)
• NYS Deferred Compensation plan
• Access to NY 529 and NY ABLE College Savings Programs, and U.S. Savings Bonds
• Holiday and paid time off
• Shift and geographic pay differentials
• A committed continuous learning environment
• Informational Brown Bag sessions
• Wellness at Work Programs to promote employee health and wellness
• OSC Mentoring Program to network, contribute, and provide an opportunity to strengthen competencies in a variety of areas
• And much more

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

Name David Heaphy

Telephone (518)474-1924

Fax (518)486-6723

Email Address Jobs@osc.ny.gov

Address

Street Office of the New York State Comptroller, Division of Human Resources

110 State Street, 12th Floor

City Albany

State NY

Zip Code 12236

Notes on ApplyingSubmit a clear, concise cover letter and resume stating how you meet the minimum qualifications for this title. To apply, copy and paste the following link into your browser:

https://www.osc.ny.gov/jobs/openings/principal-actuary-life/062503

Reference Item #07058-DJH on your cover letter for proper routing.

Unofficial transcripts and/or templates will be required for certain positions. Documents must be sent as unlocked and accessible attachments.
If you have questions about this vacancy, please contact this Division representative:
Division Contact: Katrina Connelly
Email Address: KConnelly@osc.ny.gov