Overview
From $70,579 to $89,645 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.
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 or higher 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
This position is located within the Bureau of Actuarial, Division of Retirement Services and is responsible for:
Fiscal Notes
- Develop a working knowledge in checking all and creating simple fiscal notes.
- Develop a mastery of Access.
- Develop a mastery of PeopleSoft data and cases.
- Review and check all revisions to fiscal note policies.
Actuarial Data Aggregation and Year End File Creation
- Develop a working knowledge of the process that creates and validates the actuarial year end file.
- Develop a mastery of PeopleSoft data and cases.
- Develop a mastery of TSQL and PL/SQL.
- Develop an understanding of actuarial valuation and experience study requirements.
Publications
- Establish working knowledge in checking actuarial reports and miscellaneous calculations.
- Develop a mastery of Excel.
- Develop a mastery of the actuarial valuation book, the report of the actuary, and the actuarial components of the ACFR and insurance report.
- Review and check all entries in these documents.
Actuarial Calculations
- Perform bond refunding, workers compensation offsets, escalation, COLA, structured judgements, and option 4 calculations (including qualified domestic relations orders).
- Develop a mastery of Excel.
- Develop a mastery of bond refunding and option 4 calculations.
- Assure QDRO compliance.
Actuarial Assumptions Research
- 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.
- Support the development of presentations delivered by the Chief Actuary.
- Support the development of the Actuarial Assumptions Report.
- Draft memorandums establishing policies and procedures for actuarial bureau for review by the lead actuary.
Knowledge, Skills & Abilities
- 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
Additional Comments
Telecommuting
The Office of the New York State Comptroller supports telecommuting where it is reasonable to do so based upon the agency’s mission and operational needs. Generally, new employees will be restricted from telecommuting for at least 8 calendar weeks. After the initial 8 calendar week restriction, if an employee’s primary residence location, duties, and work performance are aligned with telecommuting and operational needs they may be allowed to do so. Generally, employees may telecommute up to 5 days per pay period but may be approved to telecommute less.
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 #07639-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.