New York State Department of Financial Services
Chief Casualty Actuary 3, M-5
New York State Department of Financial Services, New York, New York, us, 10261
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Chief Casualty Actuary 3, M-5
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New York State Department of Financial Services 1 week ago Be among the first 25 applicants Join to apply for the
Chief Casualty Actuary 3, M-5
role at
New York State Department of Financial Services Get AI-powered advice on this job and more exclusive features. New York State Department of Financial Services provided pay range
This range is provided by New York State Department of Financial Services. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more. Base pay range
$141,581.00/yr - $178,874.00/yr Description
Duties Description
The New York State Department of Financial Services seeks to build an equitable, transparent, and resilient financial system that benefits individuals and supports business. Through engagement, data-driven regulation and policy, and operational excellence, the Department and its employees are responsible for empowering consumers and protecting them from financial harm; ensuring the health of the entities we regulate; driving economic growth in New York through responsible innovation; and preserving the stability of the global financial system.
Duties
The Department of Financial Services is seeking candidates for the position of Chief Casualty Actuary 3 in the Property Bureau’s Actuarial Reserving Unit. Duties include, but are not limited to, the following:
Supervises and performs reviews and analyses of various types of property and casualty actuarial functions: Actuarial Opinion (“SAO”), Actuarial Opinion Summary (“AOS”) reviews, loss and loss adjustment expense reserves analysis; solvency reviews (e.g., RBC calculations), risk transfer analysis for Reinsurance agreements; and cashflow projections; Supervises subordinate actuarial staff; establishes goals and priorities, monitors performance, and completes performance evaluations; Provides technical assistance to Department staff as needed, including data reconciliations and other related examination tasks requiring knowledge of the actuarial functions; Reviews Own Risk and Solvency Assessment (“ORSA”) reports with a focus on the risk assessment and capital modeling sections; Keeps abreast of regulatory and actuarial industry changes which impact actuarial and accounting practices and procedures and any new Systems/templates which would improve functionality and efficiency; Manages the outsourced contracts to ensure all work performed adheres to professional standards and Department policies and procedures, including coordinating with consultants throughout the project, reviewing work products, bidder selection, contract and work plan development, overseeing expense and status reports, and recommending reserve indications and other relevant findings; Performs research and analyzes insurance data for trends and patterns; Represents the Department at hearings and court proceedings, as well as in meetings with internal personnel, insurance companies, sister state agencies, NAIC committees and the general public; Assists in preparing testimony to be used at Department hearings and/or court proceedings, when necessary; and Assist in the Department’s special projects as needed.
Appointment Method
Minimum Qualifications
Minimum Qualifications: Attainment of the Associate designation from the Casualty Actuarial Society (ACAS) and six years of actuarial experience, one of which must be subsequent to obtaining the Associate designation and includes responsibility for managing and/or directing actuarial staff.
NY HELPS: This title is part of the New York Hiring for Emergency Limited Placement Statewide Program (NY HELPS).
For the duration of the NY HELPS Program, this title maybe filled via a non-competitive appointment, which means no examination is required but all candidates must meet the minimum qualifications of the title for which they apply (see minimum qualifications above). At this time, agencies may recruit and hire employees by making permanent non-competitive appointments.
At a future date (within one year of appointment), it is expected employees hired under NY HELPS will have their non-competitive employment status converted to competitive status, without having to compete in an examination. Employees will then be afforded with all of the same rights and privileges of competitive class employees of New York State. While serving permanently in a NY HELPS title, employees may take part in any promotion examination for which they are qualified.
Non-Competitive Promotion (NCP): In accordance with Section 52.7 of the Civil Service Law, if the number of qualified candidates who apply for the position is three or less, a permanent appointment can be made, at agency discretion, by non-competitive promotion of an applicant who meets the minimum qualifications.
Transfer: Candidates must have one year of permanent competitive service in a title eligible for transfer via Section 52.6 of the Civil Service Law. Information regarding transfer eligibility may be available on the Civil Service Career Mobility Office website at http://careermobilityoffice.cs.ny.gov/cmo/.
Please note that under Civil Service Law, an employee cannot have two consecutive upward 70.1 or 52.6 transfers without an intervening eligible list appointment if such transfers would exceed two salary grades.
Additional Comments
Please note that a change in negotiating unit may affect your salary, insurance and other benefits.
Salary: $141,581 - $178,874
Positions located within the New York City metropolitan area, as well as Suffolk, Nassau, Rockland, and Westchester Counties, are also eligible to receive an additional $4,000 annual downstate adjustment.
Appointment Status: Permanent
Seniority level
Seniority level Director Employment type
Employment type Full-time Job function
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Chief Casualty Actuary 3, M-5
role at
New York State Department of Financial Services 1 week ago Be among the first 25 applicants Join to apply for the
Chief Casualty Actuary 3, M-5
role at
New York State Department of Financial Services Get AI-powered advice on this job and more exclusive features. New York State Department of Financial Services provided pay range
This range is provided by New York State Department of Financial Services. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more. Base pay range
$141,581.00/yr - $178,874.00/yr Description
Duties Description
The New York State Department of Financial Services seeks to build an equitable, transparent, and resilient financial system that benefits individuals and supports business. Through engagement, data-driven regulation and policy, and operational excellence, the Department and its employees are responsible for empowering consumers and protecting them from financial harm; ensuring the health of the entities we regulate; driving economic growth in New York through responsible innovation; and preserving the stability of the global financial system.
Duties
The Department of Financial Services is seeking candidates for the position of Chief Casualty Actuary 3 in the Property Bureau’s Actuarial Reserving Unit. Duties include, but are not limited to, the following:
Supervises and performs reviews and analyses of various types of property and casualty actuarial functions: Actuarial Opinion (“SAO”), Actuarial Opinion Summary (“AOS”) reviews, loss and loss adjustment expense reserves analysis; solvency reviews (e.g., RBC calculations), risk transfer analysis for Reinsurance agreements; and cashflow projections; Supervises subordinate actuarial staff; establishes goals and priorities, monitors performance, and completes performance evaluations; Provides technical assistance to Department staff as needed, including data reconciliations and other related examination tasks requiring knowledge of the actuarial functions; Reviews Own Risk and Solvency Assessment (“ORSA”) reports with a focus on the risk assessment and capital modeling sections; Keeps abreast of regulatory and actuarial industry changes which impact actuarial and accounting practices and procedures and any new Systems/templates which would improve functionality and efficiency; Manages the outsourced contracts to ensure all work performed adheres to professional standards and Department policies and procedures, including coordinating with consultants throughout the project, reviewing work products, bidder selection, contract and work plan development, overseeing expense and status reports, and recommending reserve indications and other relevant findings; Performs research and analyzes insurance data for trends and patterns; Represents the Department at hearings and court proceedings, as well as in meetings with internal personnel, insurance companies, sister state agencies, NAIC committees and the general public; Assists in preparing testimony to be used at Department hearings and/or court proceedings, when necessary; and Assist in the Department’s special projects as needed.
Appointment Method
Minimum Qualifications
Minimum Qualifications: Attainment of the Associate designation from the Casualty Actuarial Society (ACAS) and six years of actuarial experience, one of which must be subsequent to obtaining the Associate designation and includes responsibility for managing and/or directing actuarial staff.
NY HELPS: This title is part of the New York Hiring for Emergency Limited Placement Statewide Program (NY HELPS).
For the duration of the NY HELPS Program, this title maybe filled via a non-competitive appointment, which means no examination is required but all candidates must meet the minimum qualifications of the title for which they apply (see minimum qualifications above). At this time, agencies may recruit and hire employees by making permanent non-competitive appointments.
At a future date (within one year of appointment), it is expected employees hired under NY HELPS will have their non-competitive employment status converted to competitive status, without having to compete in an examination. Employees will then be afforded with all of the same rights and privileges of competitive class employees of New York State. While serving permanently in a NY HELPS title, employees may take part in any promotion examination for which they are qualified.
Non-Competitive Promotion (NCP): In accordance with Section 52.7 of the Civil Service Law, if the number of qualified candidates who apply for the position is three or less, a permanent appointment can be made, at agency discretion, by non-competitive promotion of an applicant who meets the minimum qualifications.
Transfer: Candidates must have one year of permanent competitive service in a title eligible for transfer via Section 52.6 of the Civil Service Law. Information regarding transfer eligibility may be available on the Civil Service Career Mobility Office website at http://careermobilityoffice.cs.ny.gov/cmo/.
Please note that under Civil Service Law, an employee cannot have two consecutive upward 70.1 or 52.6 transfers without an intervening eligible list appointment if such transfers would exceed two salary grades.
Additional Comments
Please note that a change in negotiating unit may affect your salary, insurance and other benefits.
Salary: $141,581 - $178,874
Positions located within the New York City metropolitan area, as well as Suffolk, Nassau, Rockland, and Westchester Counties, are also eligible to receive an additional $4,000 annual downstate adjustment.
Appointment Status: Permanent
Seniority level
Seniority level Director Employment type
Employment type Full-time Job function
Job function Finance, Analyst, and Accounting/Auditing Referrals increase your chances of interviewing at New York State Department of Financial Services by 2x Get notified about new Chief Actuary jobs in
New York, NY . Jersey City, NJ $146,000.00-$200,000.00 3 months ago Head of Reinsurance Pricing - Move from US to Bermuda - Market-Leading Compensation
New York, NY $225,000.00-$275,000.00 2 weeks ago Director, Insurance Risk Financial Services
Director, Insurance Accounting 100% Remote
New York, NY $150,000.00-$200,000.00 1 week ago Managing Director - Insurance / Private Equity Advisory Consulting
New York, NY $185,000.00-$250,000.00 2 weeks ago Chief Underwriting Officer, Wholesale, Navigators A Brand of The Hartford
New York, NY $236,000.00-$354,000.00 3 weeks ago New York, NY $250,000.00-$275,000.00 5 days ago Jersey City, NJ $140,000.00-$238,000.00 3 weeks ago New York, NY $231,400.00-$335,500.00 2 weeks ago New York, NY $151,000.00-$178,000.00 4 days ago New York City Metropolitan Area $174,800.00-$271,446.00 2 weeks ago New York City Metropolitan Area $170,000.00-$200,000.00 1 week ago New York, NY $150,000.00-$250,000.00 19 hours ago New York, NY $235,000.00-$353,000.00 3 weeks ago Jersey City, NJ $174,800.00-$271,446.00 2 weeks ago New York, NY $183,400.00-$203,400.00 1 week ago New York, NY $110,898.00-$135,665.00 2 weeks ago Director, Credit & Political Risk - E&S/Specialty
New York, NY $235,000.00-$353,000.00 3 weeks ago New York City Metropolitan Area $129,500.00-$201,066.00 1 week ago New York, NY $130,000.00-$180,000.00 9 months ago Senior Director, Professional Liability (Cyber)
New York, NY $188,000.00-$259,000.00 17 hours ago Vice President, Commercial Insurance Due Diligence - Private Equity and M&A Advisory
New York City Metropolitan Area $140,000.00-$200,000.00 1 week ago New York, NY $140,000.00-$175,000.00 1 year ago Jersey City, NJ $174,500.00-$296,600.00 1 week ago Vice President, Programs - Hybrid or Remote Opportunity
New York, NY $177,000.00-$250,000.00 3 weeks ago Jersey City, NJ $129,500.00-$201,066.00 1 week ago Head of North America Insurance Claims Strategy
New York, NY $150,000.00-$215,000.00 3 days ago New York, NY $150,000.00-$200,000.00 12 months ago We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr