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Associate Actuary Life

Applications Due: | Division: Retirement Services | Salary Range: From $91,298 to $115,252 Annually

Overview

Occupational Category
Other Professional Careers
Salary Grade
Grade 24
Salary Range
From $91,298 to $115,252 Annually
Bargaining Unit
PS&T - Professional, Scientific, and Technical (PEF)
Employment Type
Full Time
Appointment Type
Contingent Permanent
Jurisdictional Class
Competitive Class
Travel Percentage
0%
Workweek
Mon-Fri, 8:00AM - 4:00PM
Location
110 State Street
Albany, NY 12236
Hours Per Week
37.5
Flextime Allowed
No
Mandatory Overtime
No
Compressed Workweek Allowed
No
Telecommuting Allowed
No

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:

A bachelor's degree or higher; AND successful completion of two examinations of the Society of Actuaries; AND three years of actuarial experience in one or more of the following activities: 

  • Actuarial or statistical work for operating units or management.
  • Governmental regulatory actuarial functions.
  • Governmental or private pension actuarial functions.
  • Performing actuarial computations for reserves, premium rates, and/or policy forms.

Competitive Minimum Qualifications:

You must be currently reachable on the appropriate eligible list for this title or eligible to transfer under Section 52.6 of the Civil Service Law.

52.6 Transfer:

To be eligible for a 52.6 transfer to an Associate Actuary Life SG-24, you must have one year of permanent competitive service in a qualifying title allocated to a salary grade 22 or above; AND a bachelor's degree or higher including or supplemented by 24 semester credit hours in mathematics, statistics, and/or actuarial science; AND successful completion of two examinations of the Society of Actuaries; AND three years of qualifying actuarial experience.

To determine if your current Civil Service title is eligible for transfer to this title, visit the Career Mobility GOT-IT website:  Career Mobility Office » GOT-IT (ny.gov)

Appointments via transfer must not result in a second, consecutive transfer with an advancement of more than two S-grades or one M-grade.

Duties

Responsible for producing or checking various portions of the annual actuarial valuation, experience studies, and various actuarial liability and cost calculations for fiscal notes. Duties might include such areas as development of funding procedures to match the expanding benefit structure, continuing analyses of the actuarial gains and/or losses of the system's operations, and formulating applications of new actuarial concepts to the existing system.

Knowledge, Skills & Abilities

  • Experience or knowledge base for developing optional pension allowances
  • Experience reviewing reports, including those that require an actuarial statement of opinion.
  • Strong supporting role as a member of a team.
  • Strong computational skills, especially when working in Excel.
  • Diligence working independently and managing one’s own time with multiple priorities.

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.

To Apply

Submit a clear, concise cover letter and resume stating how you meet the above minimum qualifications. Reference Item #07066-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. 

Apply Here

You may upload up to five files. Refer to the instructions above to see if any other documents are required. If not, you may skip this field.
Questions?

David Heaphy
P: (518) 474-1924
F: (518) 486-6723
[email protected]

Division Contact
Caitlyn Zautner
[email protected]