Review Vacancy
Date Posted: 11/13/19
Applications Due: 12/18/19
Vacancy ID: 75998
Position Information
NY HELPNo
AgencyInsurance Fund, State
TitleSupervising Actuary Casualty
Occupational CategoryFinancial, Accounting, Auditing
Salary Grade664
Bargaining UnitM/C - Management / Confidential (Unrepresented)
Salary RangeFrom $109956 to $138763 Annually
Employment Type Full-Time
Appointment Type Permanent
Jurisdictional Class Competitive Class
Travel Percentage 10%
Schedule
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
Location
County New York
Street Address 199 Church Street
City New York
StateNY
Zip Code10007
Job Specifics
Minimum Qualifications Minimum Qualifications:
Reachable on current Civil Service list for this title or one year of permanent, competitive class service as a Supervising Actuary Casualty, or one year of permanent competitive class service in a title eligible for transfer under Section 52.6 of the Civil Service Law and must also meet the following requirements: A bachelor’s degree or higher; AND successful completion of five examinations of the Casualty Actuarial Society; AND five 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; OR performing actuarial computations for reserves, premium rates, and/or policy forms.
As this title is filled by Continuous Recruitment examination, you must complete a NYS-application form to apply for list eligibility. Please visit the Department of Civil Service website for more information on how to apply: https://www.cs.ny.gov/examannouncements/announcements/oc-cr/decentralized/20-123.cfm.
Preferred Qualifications:
Preferred qualifications include candidate to be an Associate or Fellow of the Casualty Actuarial Society (ACAS or FCAS) and a member of the American Academy of Actuaries (MAAA).
Duties Description The Supervising Actuary of Workers’ Compensation Pricing will be responsible for overseeing all actuarial pricing related activities of the department, which may include but will not be limited to:
• Manage and lead the NYSIF Actuarial Pricing team, clarify job responsibilities and performance expectations, establish goals and job competencies, identify skill gaps, create development plans, coach and mentor on a continuous basis and provide performance evaluations.
• Design, implement and oversee a continuous process of rate and price monitoring to ensure actuarial soundness in the rates and prices NYSIF charges.
• Work with underwriting and senior management to develop sound rate and pricing recommendations.
• Analyze and communicate impact of latest industry loss cost filings.
• Oversee the maintenance and monitoring of large account pricing models, including evaluating the performance of the models and updating parameters as needed.
• Oversee the pricing of specialized products such as retrospective rating plans, large deductibles and other products.
• Conduct segment profitability analysis to identify profitability trends by business segment and investigate alternative approaches to segmentation.
• Advise and assist business partners with actuarial and mathematical techniques and complete analytical assignment to support business decision making.
• Provide actuarial guidance in support of NYSIF’s predictive modeling efforts, especially regarding underwriting initiatives.
• Represent the WC Fund on actuarial committees.
• Work with and provide guidance to external consultants on matters involving ratemaking, individual account pricing, group pricing, underwriting, capital modeling and asset management.
• Perform all work in accordance with Actuarial Standards of Practice as promulgated by the Actuarial Standards Board.
• Remain current with respect to new approaches and methods utilized in ratemaking and reserving.
• Testify as an expert witness on and assist in the evaluation of proposed regulations and legislation, including the estimation of premium and/or loss impacts on NYSIF and its customers.
Some positions may require additional credentials or a background check to verify your identity.
Contact Information
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 include a resume, exam application/supplemental questionnaire: (https://www.cs.ny.gov/extdocs/pdf/20-113.pdf) to the following:
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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