Review Vacancy
AgencyTeachers' Retirement System
TitleAssistant Manager, Office of the Actuary
Occupational CategoryFinancial, Accounting, Auditing
Bargaining UnitM/C - Management / Confidential (Unrepresented)
Salary RangeFrom $95308 to $132252 Annually
Minimum Qualifications A Bachelor’s degree in Mathematics, Actuarial Science, or a related field; and five years of pension actuarial experience; and professional designation of Associate of the Society of Actuaries (ASA) or Enrolled Actuary (EA).
Duties Description Job duties include but are not limited to the following:
• Supervise and/or participate in the performance of the annual actuarial valuation of the System’s assets and liabilities, leading to the development of the employer contribution rate.
• Supervise and/or participate in the performance of the annual actuarial gain/loss.
• Supervise and/or participate in the preparation of the information, disclosures, charts and graphs for the CAFR (Comprehensive Annual Financial Report).
• Supervise and/or participate in the preparation of the annual filing with the Department of Financial Services.
• Supervise and/or participate in the development of actuarial assumptions.
• Review GASB (Governmental Accounting Standards Board) statements and develop procedures and programming necessary for compliance.
• Interface with System auditors and provide information as needed for the System’s financial statements.
• Supervise and/or participate in the computation of annuity values and option factors in accordance with Statute, including the computation of option factors for alternative options and domestic relations orders.
• Review the Internal Revenue Code and ensure the System remains in compliance with all relevant federal regulations, including IRC 415 and 401(a)(9).
• Prepare correspondence regarding actuarial, cost, or statistical matters.
• Meet with other departments to discuss proposed legislation.
• Work with other departments to implement new legislation.
• Ensure that the data processing systems, especially the valuation software and the data, are properly serving in accomplishing department assignments.
• Work on special projects that arise.
• Facilitate the delivery of this work to the Manager and to other departments within the Retirement System.
Additional Comments Preferred Qualifications
Commitment to providing exceptional customer service
Excellent oral and written communication skills
Excellent interpersonal skills
Effective analytical and problem solving skills
Ability to give and receive feedback
Ability to identify new efficiencies and/or improvements to current processes
Administrative experience coordinating staff training and development
Skilled at conflict resolution
Supervisory experience
Experience with actuarial mathematics
Experience with pension mathematics
Experience using actuarial valuation software
Experience with pension related accounting standards
Experience working with pension related Internal Revenue Code and regulations
Experience working with pension related Internal Revenue Code and regulations as they relate to public sector pensions
Experience with New York State Public Pension Law
Experience using multiple types of actuarial pension valuation software
Experience with GASB 67 and GASB 68
Experience with GASB 74 OPEB
Experience with Microsoft office products
Public speaking experience
Some positions may require additional credentials or a background check to verify your identity.