Actuary jobs in Albany, NY

Actuary utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Being an Actuary assists with product design and development by analyzing risk groups and calculating appropriate insurance rates, premium levels, and rating systems and structures. Records and tracks accruals, claims, and settlements and prepares documents for input into regulatory filings, financial budgets, forecasts, and other financial projections. Additionally, Actuary applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Requires a bachelor's degree. Must be currently pursuing the designation of ASA (Associate) in the Society of Actuaries. Typically reports to a manager. The Actuary work is closely managed. Works on projects/matters of limited complexity in a support role. To be an Actuary typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)

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Supervising Actuary Life
  • Insurance Fund, State
  • Albany, NY FULL_TIME
  • Minimum Qualifications:
    Reachable on current Civil Service list for this title; or one year of permanent, competitive class service as a Supervising Actuary (Life), 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 the Society of Actuaries examinations MLC, MFE, and four additional examinations OR be an Enrolled Actuary and successfully completion of the Society of Actuaries examinations MLC, MFE, and three additional examinations; AND
    • five years of actuarial experience in one or more of the following activities:
    1. actuarial or statistical work for operating units or management;
    2. governmental regulatory actuarial functions;
    3. governmental or private pension actuarial function; OR
    4. Performing actuarial computations for reserves, premium rates, and/or policy forms.

    As this title is filled by Continuous Recruitment examination, candidates who meet the requirements listed above must complete a NYS-application form to apply for list eligibility. Please visit the Department of Civil Service website here for more information on how to apply: https://www.cs.ny.gov/announ/applications.cfm

    Preferred Qualifications:
    Applicants should be an Associate or Fellow of the Society of Actuaries (ASA, FSA) and a member of the American Academy of Actuaries (MAAA).

    Please be advised that the New York State Insurance Fund 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.
    Duties Description
    The Supervising Actuary (Life) for the Disability Fund will report to the Chief Actuary and will be responsible for performing the following duties with respect to the Disability Benefits Fund (DBF) which may include, but not be limited to, the following:

    • Performing actuarial pricing and reserving calculations involving disability insurance and Paid Family Leave in compliance with applicable regulations and statutes;
    • Estimating the impact of actual and proposed changes in regulations and laws on the DBF;
    • Representing NYSIF on, and/or providing actuarial support to, industry task forces and committees;
    • Performing difficult actuarial duties requiring extensive knowledge in actuarial theory;
    • Oversee all actuarial calculations related to the DBF;
    • Recommend large account pricing;
    • Supervise Actuarial and non-actuarial staff;
    • Provide actuarial support for Paid Family Leave coverage;
    • Analyze trends and drivers;
    • Prepare, develop and review monthly, quarterly and annual internal and external financial and statistical reports;
    • Review adequacy of DB and PFL rates and propose changes necessary to ensure proper pricing levels; prepare rate filings;
    • Calculate premium returns due policyholder via the Return of Premium program and Premium Adjustment program;
    • Monitor profitability by segment
    • Analyze proposed new products and contracts;
    • 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.
    Additional Comments

    NYSIF has a telecommuting policy

    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 ten largest workers’ compensation carriers in the nation, insuring approximately 131,000 policyholders, with more than $1.6 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 57,500 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.

  • 1 Month Ago

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Supervising Actuary Life
  • New York State Insurance Fund
  • Albany, NY FULL_TIME
  • Supervising Actuary Life NYSIF (Actuarial – New York City) Salary: $120,187 - $151,674 Description: The Supervising Actuary (Life) for the Disability Fund will report to the Chief Actuary and will be ...
  • 1 Month Ago

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Senior Actuary Life Analyst
  • AV Staffing Solutions
  • Albany, NY FULL_TIME
  • New York City 10007 or Albany, NY 12206 Salary: 120,000 - $156,000 New York City candidates will be eligible for $3,400 location pay Description: The Supervising Actuary (Life) will report to the Chie...
  • 1 Month Ago

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Assistant Actuary, SG-14 (Box AACT/TR23) ALB
  • New York State Department of Financial Services
  • Albany, NY FULL_TIME
  • The New York Department of Financial Services seeks to build an equitable, more transparent and resilient financial system that benefits New Yorkers and supports business. Through engagement, data-dri...
  • 1 Month Ago

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Senior Actuary Life Analyst/ Albany, NY
  • AV Staffing Solutions
  • Albany, NY FULL_TIME
  • DescriptionNew York City 10007 or Albany, NY 12206Salary: $120,000 - $156,000New York City candidates will be eligible for $3,400 location pay.Description:The Supervising Actuary (Life) will report to...
  • 1 Month Ago

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Supervising Actuary Casualty, M-4 (Box SUPACTCAS23) ALB
  • New York State Department of Financial Services
  • Albany, NY FULL_TIME
  • The New York Department of Financial Services seeks to build an equitable, more transparent and resilient financial system that benefits New Yorkers and supports business. Through engagement, data-dri...
  • 1 Month Ago

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0 Actuary jobs found in Albany, NY area

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Financial Advisor
  • Northwestern Mutual
  • Albany, NY
  • Financial Advisors at Northwestern Mutual help their clients live more and worry less through our personalized approach ...
  • 4/15/2024 12:00:00 AM

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Financial Advisor
  • Northwestern Mutual
  • Albany, NY
  • Job Description Job Description Financial Advisors at Northwestern Mutual help their clients live more and worry less th...
  • 4/15/2024 12:00:00 AM

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Experienced Financial Advisor
  • Prudential Financial
  • Prudential Advisors is looking for an experienced financial professional in the Albany area that is interested in workin...
  • 4/14/2024 12:00:00 AM

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Price Rite - Perishable Clerk (PRRC) Salary Range $15 - $18/hr
  • Price Rite
  • Schenectady, NY
  • Job Description Title: PriceRite - Perishable Clerk Description: Job Summary: To maintain a high level of customer servi...
  • 4/13/2024 12:00:00 AM

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Price Rite - Produce Manager (PRRC) Salary Range $22.90 - $34.38/hr
  • Price Rite
  • Schenectady, NY
  • Job Description Job Title: Produce Manager Department: Operations Reports To: Store Manager/ Assistant Store Manager We ...
  • 4/13/2024 12:00:00 AM

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Veterinarian DVM - Urgently Hiring, Sign-On Bonus, Superior Salary, Altamont, NY
  • Desort
  • Altamont, NY
  • Full time Veterinarian DVM - Urgently Hiring, Sign-On Bonus, Superior Salary, Altamont, NY We are urgently hiring a full...
  • 4/12/2024 12:00:00 AM

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Veterinarian DVM - Urgently Hiring, Superior Salary, Sign-On Bonus, Amsterdam, NY
  • Desort
  • Amsterdam, NY
  • Full Time Veterinarian DVM - Urgently Hiring, Superior Salary, Sign-On Bonus, Amsterdam, NY We are seeking a full-time v...
  • 4/12/2024 12:00:00 AM

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Actuary
  • MVP Health Care
  • Schenectady, NY
  • Actuary Headquarters Office, 625 State Street, Schenectady, New York, United States of America Rochester Office, 20 S. C...
  • 3/15/2024 12:00:00 AM

Albany (/ˈɔːlbəni/ (listen) ALL-bə-nee) is the capital of the U.S. state of New York and the seat of Albany County. Albany is located on the west bank of the Hudson River approximately 10 miles (16 km) south of its confluence with the Mohawk River and approximately 135 miles (220 km) north of New York City. Albany is known for its rich history, commerce, culture, architecture, and institutions of higher education. Albany constitutes the economic and cultural core of the Capital District of New York State, which comprises the Albany–Schenectady–Troy, NY Metropolitan Statistical Area, including ...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Actuary jobs
$74,669 to $93,437
Albany, New York area prices
were up 1.5% from a year ago

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