The Supervising Actuary of Wroker's Compensation Pricing will be responsible for overseeing all actuarial pricing related activities of the department.
Responsibilities include, but are not limited to:
manage & lead the NYSIF Actuarial Pricing team, clarify job responsibilities & performance expectations, establish goals & job compentences, identify skill gaps, create development plans, coach & mentor on a continuous basis & provide performance evaluations.
-Design, implement & oversee a cnotinuous process of rate & price monitoring to ensure actuarial soundness in the rates & prices NSIF charges.
-Work with underwriting & senior management to develop sound rate & pricing recommendations
-Analyze & communicate impact of latest industry loss cost filings.
-Oversee the pricing of specialized products such as retrospective ratings plans, largedeductibles and other products.
-Conduct segment profitability analysis to identify perofitability trends by business segment & investigate alternative approaches to segmentation.
-Advise & asist business partners with actuarial & mathematical techniques & complete analytical assignment to support business decision making.
-Provide actuarial guidance in support of NYSIF's predictive modeling efforts, especially regarding underwriting initiatives.
-Represent the WC Fund on actuarial committees.
-Work with& provide guidance to external consultants on matters involving ratemaking, individual account pricing, group pricing, underwriting, capital modeling & asset manAgement.
-Perform all work in accordance with Acuarial Stancards as promulgaetgd by the Actuarial Standards Board.
-Remain current with respect to new approaches & methods utilized in ratemaking & reserving.
-Testify as an expert witness on & assist in the evaluation of propsoed regulations & legislation, including the estimation of premium and/or loss impacts on NYSIF & its customers.
Basic Qualifications-
A bachelor's degree or higher;AND Successful completion of 5 examinations of the Casualty Actuarial Society;AND 5 years of actuarial esperience 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, &/or policy forms. As this title is filled by Continuous Recruitment examination, you must complete a NYS application form to apply for list eligibility. PleaSe visit the Dept of Civil Service website for more information on how to apply.
Preferred Qualifications- Preferred Qualifications include candidate to be an Associate or Fellow of the Casualty Actuarial Society(ACAS or FCAS) & a member of the American Academy f Actuaries(MAAA).
To Apply: Please email resume, cover letter, application ofr Examination & transcripts to the following address: hr@nysif.com. If necessary, candidate3s may also mail the information to New York State Insurance Fund, 15 Computer Drive West, Albany, NY 12205.
Please note the following NY State Civil Service employment information:
-Juridictional classification: Competititive
-Bargaining unit:Management/Confidential
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Last updated on Aug 29, 2019