Actuary Analyst, SG-14 - TEKsystems

Description:

The New York Department of Financial Services seeks to build an equitable, more transparent and resilient financial system

that benefits New Yorkers and supports business. Through engagement, data-driven regulation, and operational excellence,

DFS is responsible for empowering consumers and protecting them from financial harm; ensuring the health and stability of

the financial entities we regulate; and driving economic growth through responsible innovation.

DFS is seeking candidates of varying experience and skill levels for various actuarial positions in the Property Bureau. The

Property Bureau is responsible for the supervision and regulation of the property and casualty insurance industry in New York

State and does so by establishing standards for financial solvency, market conduct and corporate oversight and produces

regulations, while monitoring the compliance of regulated entities with such standards.

As an Actuary in the NYS Department of Financial Services, you will supervise, review, or assist in the review of actuarial

issues related to pricing, solvency, and market conduct of casualty insurers conducting business in New York State. Specific

duties vary by title and are available through the attached links.

Skills:

Data actuarial, Actuarial Analysis

Top Skills Details:

Actuarial science degree analysis, actuarial

PERSON MUST HAVE ACTUARIAL OF SCIENCE bachelors degree or Mathematics or Statician bachelors degree.

Additional Skills & Qualifications:

• assists in constructing actuarial tables by analyzing and presenting data;

• assists in reviewing the actuarial basis of plans and calculates premiums; evaluates premium rates, reserves, and liabilities;

• assists in reviewing methods used to value categories of policies, special benefits, or special liability terms;

• assists in checking the mathematical accuracy of calculations;

• participates in field examinations of one or more of the following: life insurance companies, fraternal benefit societies, health maintenance organizations (HMOs), commercial carriers, non-profits, and retirement systems;

• assists in preparing valuation memoranda; assists in reviewing health insurer rate submissions and statistical compilations;

• reviews insurance company rate filings and reserve analysis for compliance with standards; maintains in-house databases;

• reviews claims records and death and disability cases to establish proper estimates of eventual incurred losses;

• computes loss reserves for death and disability cases;

• calculates the present values of workers' compensation cases and the amount payable to claimants;

• calculates reserves for transfers, disability, and deferred allowances;

• computes cost-of-living factors for supplemental pensions paid to annuitants;

• checks computations for valuation and service retirement allowance

• assists with special projects and research as needed; and

• performs other duties as assigned.

In addition, the candidate must possess and/or have the ability to:

a. Work individually and as part of a team.

b. Track and manage reporting projects without daily oversight.

c. Excellent verbal communication, writing, and interpersonal skills.

d. Strong project management skills, including experience managing multiple time-sensitive, complex projects

simultaneously.

e. Detail-oriented with the ability to organize and prioritize tasks effectively in a fast-paced environment

Experience Level:

Entry Level

Eligibility

requirements apply to some benefits and may depend on your job classification

and length of employment. Benefits are subject to change and may be subject to

specific elections, plan, or program terms. If

eligible, the benefits available for this temporary role may include the

following: 

§  Medical,

dental & vision 

§  Critical

Illness, Accident, and Hospital 

§  401(k)Retirement

Plan – Pre-tax and Roth post-tax contributions available 

§  LifeInsurance

(Voluntary Life & AD&D for the employee and dependents) 

§  Shortand

long-term disability 

§  HealthSpending

Account (HSA) 

§  Transportation benefits 

§  EmployeeAssistance

Program 

§  TimeOff/Leave

(PTO, Vacation or Sick Leave) 

Pay rate: 25 - 35 an hour

About TEKsystems:

We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company.

The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.