The Assistant Vice President and Director of Actuarial Production will assist the Senior Vice President with the general management of all functions within the Actuarial Department, and specifically the production functions. This includes developing and executing a strategic plan for the department. The Assistant Vice President is also responsible for direct management of all filing related projects, and other projects relating to development and implementation of actuarial products. Further, the Assistant Vice President will be responsible for reviewing existing methodologies and research projects, and recommending changes as needed. He or she will also provide guidance and training to the staff, and conduct peer review of work as needed and participate in staff performance evaluations. The Assistant Vice President must rely on extensive experience and judgment to plan and accomplish goals. The Assistant Vice President will also lead, supervise and direct the work of others, and exercise a wide degree of creativity, judgment and discretion.
Essential Duties and Responsibilities:
Responsible for and manage the Actuarial Department duties and functions.
Responsible for timely completion of high quality production projects, including, but not limited to, the annual loss cost filing, production of class loss costs.
Lead the development and implementation of new products and enhancement of existing products.
Train, monitor and evaluate the activities and performance of staff in the department.
Oversee projects assigned by the Sr. Vice President.
Present analysis and results to senior management and committees.
Analyze, produce and review all filing exhibits.
Perform peer review of actuarial research, reports, and production, as needed.
Perform research projects and legislative analysis on an ongoing basis.
Lead ad-hoc projects as needed.
Assist senior staff as required.
Other duties as assigned and deemed necessary by management.
Minimum 10 years of experience in actuarial field.
6+ years of workers’ compensation actuarial experience
Proficiency in Microsoft Excel, Word and Access.
Data and Statistics analysis skills are a must.
Strong knowledge of Statistical Models.
Experience with State Filings.
Legislative Analysis experience.
Excellent written and oral communication skills.
Familiarly with NCCI methodologies.
Management/supervisory experience a must; 8+ years.
The New York Compensation Insurance Rating Board (NYCIRB) is a non-profit, unincorporated association of insurance carriers. NYCIRB is licensed by the New York State Department of Financial Services as the official workers’ compensation rate service organization in the State. In this capacity, NYCIRB provides a variety of services to the workers’ compensation industry, including data collection and analysis, and the development of loss costs and rating values. These activities, along with analytical tools, research, and customer focused services, are intended to foster a stable and healthy workers’ compensation system in the State of New York.