Overview
From $50,844 to $68,630 Annually
110 State Street
Albany, NY 12236
Minimum Qualifications
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.
Civil Service examinations are not required under the New York Hiring for Emergency Limited Placement Statewide (NY HELPS) Program.
Non-Competitive Qualifications for appointment under the NYHELPS Program:
- Actuary Trainee
For appointment to 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 the exam requirement within one year of appointment will have their employment terminated.
- Assistant Actuary
For appointment to Assistant Actuary (full journey level, SG-14), 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.
Traineeship salary information:
The position may be filled at the Actuary Trainee equated to SG-13 ($50844), or full performance Assistant Actuary SG-14 ($53764) based on the candidate’s education, experience, and previous state service. Salary is nonnegotiable.
Candidates hired at the trainee level will be advanced to the full performance Assistant Actuary SG-14 following successful completion of the traineeship.
Duties
This position is located within the Bureau of Actuarial, Division of Retirement Services and is responsible for:
- Fiscal Notes and Cost Estimates
- Respond to requests from legislators, unions and municipalities with the cost analysis associated with proposed legislative improvements.
- 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
- Perform calculations of custom designed retirement benefit payments where we are required per a Domestic Relations Order.
- Learn how to read the DRO’s and calculate the actuarially equivalent benefits as directed in the DRO’s.
- Actuarial Publications
- Review the Report of the Actuary and the statistical components of the ACFR.
- Review and develop a mastery of the actuarial valuation report and the annual report on assumptions.
- Municipal Bond Refundings
- Quantify the savings associated with the issuance and refunding of municipal bonds.
- Verify the accuracy of the bond issuer’s claims of savings to be achieved by municipalities through these refinancing.
- Section 415 Retirement Cases
- 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
Knowledge, Skills & Abilities
- 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
Additional Comments
Reasonable Accommodation
The Office of the New York 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 (518) 474-1924.
Equal Opportunity Employment
The Office of the New York State 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.
The Office of the State Comptroller does not participate in E-Verify or sponsor visa applications.
OSC offers competitive salaries and benefits, and opportunities for advancement, continuing education, and professional development. We provide a professional environment where employees are encouraged to push themselves while maintaining work-life balance. Our generous benefits package includes:
- A state pension with vesting after five years’ service
- Comprehensive medical, dental and vision insurance available to all employees and their dependents
- Flexible spending accounts for dependent and health care
- Productivity Enhancement Program (PEP), allowing eligible employees to exchange previously accrued leave in return for a credit to be applied toward their health insurance
- Public Service Loan Forgiveness (PSLF)
- NYS Deferred Compensation plan
- Access to NY 529 and NY ABLE College Savings Programs, and U.S. Savings Bonds
- Holiday and paid time off
- Shift and geographic pay differentials
- A committed continuous learning environment
- Informational Brown Bag sessions
- Wellness at Work Programs to promote employee health and wellness
- OSC Mentoring Program to network, contribute, and provide an opportunity to strengthen competencies in a variety of areas
- And much more
David Heaphy
P: (518) 474-1924
F: (518) 486-6723
[email protected]
Division Contact
Katrina Connelly
[email protected]
To Apply
Submit a clear, concise cover letter and resume stating how you meet the above minimum qualifications. Reference Item #07076(Multiple)-DJH on your cover letter for proper routing.
Be sure to include a copy of any unofficial transcripts if there are educational requirements / minimum qualification substitutions for this position. Documents must be sent as unlocked and accessible attachments.
Items Included: 07076, 07077