The Assistant Actuary will report to the Associate Actuary.
Responsibilities include, but are not limited to:
The Actuarial Department of the New York State Insurance Fund (NYSIF) is seeking an Assistant Actuary to assist with various actuarial projects related to Workers' Compensation and/or Disability Insurance. Responsibilities may include, but are not limited to:
Performing actuarial calculations related to pricing, safety groups or loss and expense reserves.
Conducting research studies on various topics.
Learning and utilizing analytical tools and query languages such as Spotfire, ResQ, and SQL.
Automating various processes using VBA, Access and other software tools to achieve greater efficiencies.
Analyzing and identifying loss drivers and trends.
Assembling data from IT and other internal and external sources.
Other projects as assigned on an ad hoc basis.
Please note the following New York State Civil Service employment information:
Jurisdictional classification: Competitive
Bargaining unit: PEF
Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field.
Passed one exam towards attaining Associate or Fellow of Casualty Actuarial Society (ACAS, FCAS).
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 comp...onent 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.