Review Vacancy
TitleHead of Loss Sensitive Program
Occupational CategoryOther Professional Careers
Bargaining UnitPS&T - Professional, Scientific, and Technical (PEF)
Salary RangeFrom $106898 to $131665 Annually
Duties Description Responsibilities include, but are not limited to:
NYSIF is the largest workers' compensation insurer in New York State and among the ten largest nationwide. NYSIF covers 2 million workers and insures 200,000 employers in New York State. NYSIF's mission is to guarantee the availability of workers' compensation, disability insurance and paid family leave at the lowest possible cost to New York employers while maintaining a solvent fund. Since its inception 110 years ago, NYSIF has fulfilled this mission by competing with other insurance carriers to ensure a fair marketplace while serving as a guaranteed source of coverage for employers who cannot secure coverage elsewhere. NYSIF strives to achieve the best health outcomes for injured workers and be an industry leader in price, quality, and service for New York employers.
To further advance our mission, NYSIF is seeking a Head of Loss Sensitive Program who will be responsible for overseeing all underwriting activities of loss-sensitive insurance offerings including large deductible and retrospective ratings. The Head of Loss Sensitive Program will assist in finding new business opportunities for NYSIF and manage a loss sensitive renewal of assessing and deciding whether to renew existing insurance policies to ensure profitability and stability.
Duties Description:
• Collaborate across NYSIF’s business departments and rigorously analyze underwritten information to assess and price risk and collateral options for each account.
• Identify opportunities to grow large deductible offerings and other loss sensitive plans.
• Identify and analyze information on risks’ operations and key exposures and controls to determine what additional information is necessary to perform a thorough analysis and present an offer.
• Detect and analyze loss trends and loss information to recognize differences in quality and applicability of the sources.
• Determine appropriate pricing decisions and understand the effect that individual account decisions have on overall performance.
• Follow all underwriting and pricing guidelines and obtain management approval for pricing decisions. Understand when guidelines may need adjustment and escalated to management team.
Minimum Qualifications Minimum Qualifications:
• Bachelor’s degree in business, marketing, product development, insurance, or related field or appropriate education and/or specialized experience substitute.
• Five years of progressively responsible experience in the insurance industry with at least two years at a managerial level.
• Excellent communication skills with the ability to present to all leadership levels.
Preferred Qualifications:
• Master’s degree preferred.
• Five to ten years of underwriting experience in large deductible and retro programs or experience in large deductible or retro programs valued over $25 million dollars.
Please be advised that the New York State Insurance Fund (NYSIF) does not offer sponsorship for employment visas to employees or potential employees. Candidates sponsored for employment by an organization should be aware of their sponsorship status and the relevant expiration date(s) of that sponsorship before applying to this position. NYSIF is not currently enrolled in eVerify, which is a requirement for certain types of employment verifications.
Additional Comments For new State employees appointed to graded positions, the annual salary is the hiring rate (beginning of the Salary Range) of the position. Promotion salaries are calculated by the NYS Office of the State Comptroller in accordance with NYS Civil Service Law, OSC Payroll rules and regulations and negotiated union contracts.
Fringe Benefits:
• Competitive Compensation.
• Future Career Growth Potential.
• Open and Supportive Team-Based Environment.
• Plentiful Vacation, Personal, and Sick Leave Accruals.
• Paid State and Federal Holidays.
• Full Medical, Vision, and Dental.
• Retirement Options.
• Public Student Loan Forgiveness (PSLF).
• Possibility of Telecommuting, Flextime, and Alternative Work Schedules.
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.
Executive Order 31 commits New York State government to becoming a model employer for people with disabilities, increasing the participation of people with disabilities in state service and ensuring equal access to opportunities. NYSIF is proud to utilize best practices to recruit, hire, retain, and promote career advancement of individuals with disabilities. This includes special focus on current and prospective employees with the most significant disabilities, such as the use of supported employment, individual placement with support services, customized employment, the civil service sections 55/b and 55/c programs, internships, and job shadowing. If you are a person with a disability and wish to request that a reasonable accommodation be provided for you to participate in a job interview, please send an email to NYSIF’s Reasonable Accommodations mailbox at ra@nysif.com.
Some positions may require additional credentials or a background check to verify your identity.