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Review Vacancy

Date Posted 09/30/20

Applications Due10/29/20

Vacancy ID82806

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


From 9 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


Zip Code10007

Minimum Qualifications Reachable on current Civil Service list for this title; one year of permanent, competitive class service as a Principal Actuary Casualty; one year of permanent, competitive class service in a Law; and must also meet all the following requirements:
• A bachelor’s degree or higher; AND
• Successful completion of four examinations of the Casualty Actuarial Society; 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; OR performing actuarial computations for reserves, premium rates, and/or policy forms.
title eligible for transfer under Section 52.6 of the Civil Service
Please see the NYS Department of Civil Service examination announcement linked below for additional notes regarding these qualifications:

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 of actuarial experience. The Application for Examination may be accessed through the following link:

Duties Description A Principal Actuary Casualty’s responsibilities may include, but will not be limited to, the following:

• Provide actuarial support for various deliverables related to the Workers’ Compensation Fund (WCF);
• Work with Underwriting, Finance and senior management to develop sound models for estimating and forecasting needed deliverables;
• Develop estimates of ultimate losses and loss adjustment expenses for various segments of WCF’s book;
• Calculate appropriate reserves for loss-sensitive policyholders;
• Incorporate the effects of the latest industry loss cost filings into pricing and reserving analysis;
• Provide analysis and direction on the drivers of loss trends;
• Analyze proposed new products and/or changes in contract terms;
• Estimate the impact to NYSIF from various legislative and regulatory initiatives;
• 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;
• 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; AND
• Possible management responsibilities based on candidate and position.

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

Name Renee Bartholomew


Fax (518) 437-1618

Email 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:

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