Senior Actuary Life

1 month ago

Albany, New York, United States StateJobsNY Full time

Do you want a career with a purpose that provides work/life balance? Apply today to join the Office of the New York State Comptroller.

No exam required under the New York Hiring for Emergency Limited Placement Statewide (NY HELPS) Program.

Non-Competitive Qualifications for appointment under the NYHELPS Program:

A bachelor's degree including or supplemented by 24 semester credit hours in mathematics, statistics, and/or actuarial science; AND successful completion of one examination of the Society of Actuaries; AND one year of actuarial experience.


Competitive Minimum Qualifications:
You must be currently reachable on the appropriate eligible list for this title. There are no transfer options for this title.

Duties Description

  • Fiscal Notes
o Develop a working knowledge in checking all and creating simple fiscal notes.
o Develop a mastery of Access.
o Develop a mastery of PeopleSoft data and cases.
o Review and check all revisions to fiscal note policies.

  • Actuarial Data Aggregation and Year End File Creation
o Develop a working knowledge of the process that creates and validates the actuarial year end file.
o Develop a mastery of PeopleSoft data and cases.
o Develop a mastery of TSQL and PL/SQL.
o Develop an understanding of actuarial valuation and experience study requirements.

  • Publications
o Establish a working knowledge in checking actuarial reports and miscellaneous calculations.
o Develop a mastery of Excel.

o Develop a mastery of the actuarial valuation book, the report of the actuary, and the actuarial components of the ACFR and insurance report.

o Review and check all entries in these documents.

  • Actuarial Calculations

o Perform bond refunding, workers compensation offsets, escalation, COLA, structured judgements, and option 4 calculations (including qualified domestic relations orders).

o Develop a mastery of Excel.
o Develop a mastery of bond refunding and option 4 calculations.
o Assure QDRO compliance.

  • Actuarial Assumptions Research

o As directed by the Chief Actuary, perform independent research of outside forces impacting various actuarial assumptions, by conducting in-house studies and reading professional literature, and report findings.

o Support the development of presentations delivered by the Chief Actuary.
o Support the development of the Actuarial Assumptions Report.
o Draft memorandums establishing policies and procedures for actuarial bureau for review by the lead actuary.

Additional Comments Desired Competencies:

  • Demonstrates interest in pursuing the Society of Actuaries examinations.
  • At least 1 year of experience in NYSLRS.
  • At least 1 year of pension actuarial experience.
  • Proven ability to clearly communicate both verbally and electronically.
  • Ability to work efficiently both independently and within a diverse team.
  • Independent learner, inquisitive and willing to challenge the status quo.

Telecommuting:


The Office of the New York State Comptroller (OSC) supports telecommuting where it is reasonable to do so based upon the agency's mission and operational needs.

Generally, employees new to OSC will be restricted from telecommuting for at least 8 calendar weeks.

After the initial 8 calendar week restriction, if an employee's duties and work performance are aligned with telecommuting they may be allowed to do so.

Upon approval to telecommute, OSC employees may telecommute up to 5 days per pay period.

Reasonable Accommodation:
The NYS Office of the State Comptroller provides reasonable accommodations to applicants with disabilities. If you need reasonable accommodation for any part of the application and hiring process, please notify the Division of Human Resources at

Equal Opportunity Employment:
The Office of the NYS Comptroller values a workforce with a broad, diverse range of backgrounds and perspectives. All employees are expected to contribute to a professional environment focused on self-evaluation and improvement, as well as acceptance and support of coworkers

Some positions may require additional credentials or a background check to verify your identity.

Name David Heaphy

Telephone

Fax

Email Address

Address

Street Office of the New York State Comptroller, Office of Human Resources

110 State Street

City Albany

State NY

Zip Code 12236


Notes on Applying Submit a clear, concise cover letter and resume stating how you meet the above minimum qualifications to , no later than August 21, 2024.

Documents must be sent as unlocked and accessible attachments.

Reference Item #07639-OER-DJH in the subject line of your email and on the cover letter for proper routing.

If you have questions about this vacancy, please contact this Division representative:

Division contact:
Katrina Connelly,

When responding, please include the reference number and letters listed in this section only. The OER ID # should not be included.


Be sure to submit an unofficial copy of any transcripts you may have with your cover letter and resume, as there are educational requirements for this position.

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