Assistant Actuary

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:
For appointment to the Actuary Trainee (equated to SG-13), you must have:
A bachelor's degree including 24 semester credit hours in mathematics, statistics, or actuarial science.

To be advanced to the full performance level of this title you must successfully complete one examination of the Society of Actuaries or the Casualty Actuarial Society.

Trainees who do not meet this requirement within one year of appointment will have their employment terminated.

For appointment to the Assistant Actuary (equated to SG-14) (full journey level), you must have:

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 or Casualty Actuarial Society.


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

55-b/c:

This position may be designated 55 b/c and is subject to verification of applicant eligibility.
For more information on this program, please visit the NYS Department of Civil Service website, 55b/c Recruitment Resources Center )

Duties Description

  • Fiscal Notes and Cost Estimates
o Respond to requests from legislators, unions and municipalities with the cost analysis associated with proposed legislative improvements.

o Work with our Legal department to ensure proper drafting of legislation, prepare the costs and the written correspondence to the requestors.


  • Option 4 DRO Retirements
o Perform calculations of custom designed retirement benefit payments where we are required per a Domestic Relations Order.
o Learn how to read the DRO's and calculate the actuarially equivalent benefits as directed in the DRO's.

  • Actuarial Publications
o Review the Report of the Actuary and the statistical components of the ACFR.
o Review and develop a mastery of the actuarial valuation report and the annual report on assumptions.

  • Municipal Bond Refundings
o Quantify the savings associated with the issuance and refunding of municipal bonds.
o Verify the accuracy of the bond issuer's claims of savings to be achieved by municipalities through these refinancing.

  • Section 415 Retirement Cases

o Perform calculations under Section 415 of the Internal Revenue Code to ensure retirement system compliance with federal regulations governing the maximum distributions allowed under a qualified retirement plan.


Additional Comments Desired Competencies:

  • Quick learner
  • Integrity
  • Serious minded about work and passing actuarial exams
  • Flexible and adaptable to learning new things
  • Technological savvy, especially Microsoft Excel and Access
  • Written and oral communication skills

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 16, 2024.

Documents must be sent as unlocked and accessible attachments.

Reference Item #07077-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.

  • VP, Head of Pension Risk Transfer Pricing Expert

    4 days ago

    Albany, New York, United States Pacific Life Full time

    About the RoleWe are seeking a highly skilled and experienced professional to lead our Pension Risk Transfer Pricing team. As the VP, Head of Pension Risk Transfer Pricing, you will play a critical role in driving the growth and long-term success of Pacific Life's Institutional Division.Key ResponsibilitiesOversee all pricing strategies for the Pension Risk...

  • VP, Head of Pension Risk Transfer Pricing Expert

    3 days ago

    Albany, New York, United States Pacific Life Full time

    About the RoleWe are seeking a highly skilled and experienced professional to lead our Pension Risk Transfer Pricing team. As the VP, Head of Pension Risk Transfer Pricing, you will play a critical role in driving the growth and long-term success of Pacific Life's Institutional Division.Key ResponsibilitiesOversee all pricing strategies for the Pension Risk...

  • VP, Head of Pension Risk Transfer Pricing Expert

    4 days ago

    Albany, New York, United States Pacific Life Full time

    Job SummaryWe are seeking a highly skilled and experienced Vice President, Head of Pension Risk Transfer Pricing to join our Institutional Division in Newport Beach, CA. This role can either be remote or hybrid (3 days in the office, 2 days from home).Key ResponsibilitiesThe successful candidate will play a key role in Pacific Life's growth and long-term...

  • Vice President, Pension Risk Transfer Pricing Lead

    7 days ago

    Albany, New York, United States Pacific Life Full time

    Position OverviewRole Summary:At Pacific Life, we understand the importance of securing financial futures and ensuring peace of mind for our clients. Our mission is to provide exceptional service and innovative solutions that empower individuals to achieve their retirement goals. We are currently seeking a skilled Vice President, Pension Risk Transfer...

  • Vice President of Pension Risk Transfer Pricing

    1 week ago

    Albany, New York, United States Pacific Life Full time

    Position Overview: At Pacific Life, we are dedicated to ensuring the financial security of our policyholders by providing comprehensive retirement solutions. Our mission is to support individuals in their journey towards a fulfilling retirement, and we believe that collaboration and innovation are key to achieving this goal. As a member of our team, you will...

  • Financial Services Examiner Trainee 1

    4 weeks ago

    Albany, New York, United States StateJobsNY Full time

    Appointment method:Minimum Qualifications:Either 1. a bachelor's degree or higher in accounting, auditing, economics, econometrics, business economics, finance, financial administration, mathematics, applied mathematics, mathematical sciences, statistics, actuarial science, or taxation; Or 2. a bachelor's degree or higher including or supplemented by 24...

  • Administrative Specialist 1/Trainee 1/2

    1 month ago

    Albany, New York, United States StateJobsNY Full time

    For Trainee Level Appointment (SG 13 or 14): Reachable for appointment to Trainee 1 level on current Civil Service eligible list used for filling this title; OR, One year of permanent competitive class service in a title eligible for transfer under Section 52.6 or 70.1 of the Civil Service Law.Titles eligible for transfer to the Trainee 1 level include but...

  • Internal Auditor 1/Trainee

    3 weeks ago

    Albany, New York, United States StateJobsNY Full time

    NON-COMPETITIVE MINIMUM QUALIFICATIONS: Internal Auditor Trainee 1, NS: You must have a bachelor's degree in accounting, actuarial science, auditing, banking, business administration, business management, community health, computer information systems, computer science, criminal justice, criminal science, criminology, cybersecurity, digital forensics,...

  • Director Clinical Strategy

    4 weeks ago

    Albany, New York, United States Highmark Health Full time

    Company : Highmark Inc. Job Description : JOB SUMMARY This job is primarily accountable for leading, optimizing, and transforming the clinical sales strategy and client performance function. The incumbent works alongside PHE and Segment leadership and other sales staff to serve the Organization's internal and external clients and consultants. The incumbent...

  • Internal Auditor 1

    3 months ago

    Albany, United States New York State Full time

    Minimum Qualifications *This title is part of the New York Hiring for Emergency Limited Placement Statewide Program (NY HELPS). Current New York State Division of Human Rights employee with one year or more permanent, contingent-permanent or 55b/c service as a Internal Auditor 1 and are interested in reassignment; OR current New York State employees with...

  • Internal Auditor 1

    2 weeks ago

    Albany, United States New York State Insurance Fund Full time

    New York State Department of Taxation and Finance provided pay range This range is provided by New York State Department of Taxation and Finance. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more. Base pay range $65,001.00/yr - $82,656.00/yr Minimum Qualifications This title is part of the New York Hiring...