We are seeking a Principal Actuary Casualty Candidate with the following qualifications-
A bachelor's degree or higher;AND
Successful completion of 4 examinations of the Casualty Actuarial Society:AND
4 years of actuarial expeience 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.
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 Worker's Compensation Fund(WCF);
-Work with Underwriting, Finance & senior management to develop sound models for estimating and forecastging needed deliverables;
-Develop estimates of ultimate losses & loss adjustment expenses for various segments of WCF's book;
-Calculate appropriate reserves for loss-sensitive policyholders;
-Incorporatethe effectsof the latest industry loss cost filings into pricing & reserving analysis;
-Provide analysis & direction on the drivers of loss trends;
-Analyze proposed new products &/or changes in contract terms;
-Estimate the impact to the NYSIF from various legislative and regulatory initiatives;
-Develop analytics & models to support executive level decision making;
-Advise & assist business partners in the use of actguarial & mathematical techniques to analyze the business;
-Perform all work in accordance with Actguarial Standards of Practice as promulgated by the Actuarial Standards Board;
-Remain current with respect to new approaches & methods utilized in ratemaking & reerving; AND
-Possible managment re sponsibilities based on candidate & position
PREFERRED QUALIFICATIONS-
Preferred qualifications include candidaite to be an Associate or Fellow of the Casualty Actuarial Society(ACAS or FCAS) and a member of the American Academy 9f Actuaries(MAAA).
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Last updated on Jul 7, 2020