Review Vacancy
TitleDirector of Workers' Compensation Actuarial Analytics
Occupational CategoryFinancial, Accounting, Auditing
Bargaining UnitM/C - Management / Confidential (Unrepresented)
Salary RangeFrom $180000 to $200000 Annually
Minimum Qualifications Minimum Qualifications:
• Associate or Fellow of Casualty Actuarial Society (ACAS, FCAS) and attained Membership in the American Academy of Actuaries (MAAA)*;
• Bachelor’s degree in Actuarial Science, Mathematics, Statistics or a related field;
• Minimum of ten (10) years of actuarial experience; two (2) of which must be subsequent to obtaining the Associate or Fellowship designation and include responsibility for managing and/or directing all activities of an actuarial team.
*A PhD may be substituted for the actuarial credentials.
Preferred Qualifications:
• Strong managerial skills, team building, and organizational skills;
• Experience with change management and leading process improvements.
Duties Description Responsibilities may include but will not be limited to:
• Development of solutions to strategic business challenges through advanced modeling and analytical techniques, especially those related to developing actionable insights and data driven decisions.
• Partnering with leaders across the organization to develop strategies for the exploration and use of analytics to drive improvements in pricing, underwriting, risk management and claims.
• Providing leadership in the management and development of a team, setting priorities, goals and development plans to meet business goals and objectives.
• Leading the day-to-day work of the Analytics team, ensuring that projects achieve appropriate end points, and that status and results are communicated to business partners in a clear, concise manner.
• Ensuring analytical models are properly implemented with the highest level of buy in from internal customers.
• Expanding analytical tools. methods and increasing the use of new data sources.
• Implementing best practices and repeatable processes that ensure consistent, quality delivery of modeling and analytics work from the team.
• Working with other teams to implement a data management strategy to support the continued evolution of state-of-the-art analytics work.
• Must be able to drive, manage and influence change.
• Perform all work in conformance with Actuarial Standards of Practice.
Technical/Functional Skills:
• Advanced understanding of current technical and statistical methods, tools and techniques
• Model-building and predictive analytics experience strongly preferred
• Team player with ability to build partnerships with staff and senior leadership
• Experience managing, manipulating and extracting key insights from raw data, both structured and unstructured
• Ability to guide business partners through complex situations using data and analytics
• Excellent communication, strategic and critical thinking skills
• Self-starter with a commitment to adhere to and implement best practices
• Knowledge and understanding of current and emerging statistical methods, trends, and technologies related to predictive analytics and worker’s compensation
• Familiarity with external data providers and sources
Additional Comments The New York State Insurance Fund (NYSIF) was established in 1914 as part of the original enactment of the New York State Workers’ Compensation Law. NYSIF's mission is to guarantee the availability of workers’ compensation insurance at the lowest possible cost to New York employers and to provide timely, appropriate indemnity and medical payments to injured workers, while maintaining a solvent fund. Since inception, NYSIF has fulfilled the dual roles for which it was created: to compete with other carriers to ensure a fair marketplace and to be a guaranteed source of coverage for employers who cannot secure coverage elsewhere.
NYSIF is the largest workers’ compensation carrier in New York State and among the top 10 largest workers’ compensation carriers in the nation, insuring approximately 139,000 policyholders, with more than $1.8 billion in annual earned premium and over $22 billion in assets. A self-supporting insurance carrier, NYSIF operates without taxpayer funding.
In addition to workers’ compensation insurance, NYSIF provides disability benefits coverage for off-the-job injuries to more than 56,000 New York employers. In 2018, NYSIF added paid family leave as a component of its disability benefits product, providing New Yorkers with job-protected, paid time away from work to care for their families.
NYSIF Commitment to Diversity, Equity, and Inclusion
The New York State Insurance Fund (NYSIF) prioritizes and champions diversity, equity, and inclusion (DEI) throughout our agency. NYSIF provides equal opportunities to all employees and applicants for employment without regard to race, religion, color, age, sex, national origin, sexual orientation, gender identity, disability, veteran status, or any other protected category under federal, state, and local law. We believe that embracing our differences brings richness, new ideas and experiences to NYSIF, which energizes a creative and innovative work environment. We strive to foster a workplace where diverse individuals are able to participate fully in the decision-making process and have ample opportunity for advancement. We are committed to investing the necessary resources and attention to improving the engagement, retention, and promotion of the extraordinary talent we have.
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