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Chief Actuary – Workers’ Compensation Fund Reserving NYSIF (Actuary – New York City)
Salary: $180,000-$200,000
Description:
The Chief Actuary of Workers Compensation Reserve Unit will be responsible for overseeing all workers’ compensation actuarial reserving activities of the department WC Fund.
Responsibilities may include, but are not limited to:
Basic Qualifications:
Associate or Fellow of Casualty Actuarial Society (FCAS) and possess a Bachelor’s Degree in Actuarial Science, Mathematics, Statistics or a related field. Candidates must have a minimum of ten (10) years of actuarial experience; two (2) of which must be subsequent to obtaining the Fellowship designation and include responsibility for managing and/or directing all activities of actuarial staff.
Preferred Qualifications:
Primary Location: New York City
Travel: Minimal
Schedule: Full-Time
To Apply: Please email resume and cover letter to hrexec@nysif.com.
Please note the following New York State Civil Service employment information:
The New York State Insurance Fund (NYSIF) was established in 1914 as part of the original enactment of the New York State Workers’ Compensation Law. NYSIF's mission is to guarantee the availability of workers’ compensation insurance at the lowest possible cost to New York employers and to provide timely, appropriate indemnity and medical payments to injured workers, while maintaining a solvent fund. Since inception, NYSIF has fulfilled the dual roles for which it was created: to compete with other carriers to ensure a fair marketplace and to be a guaranteed source of coverage for employers who cannot secure coverage elsewhere.
NYSIF is the largest workers' compensation carrier in New York State and among the nation’s top ten largest workers' compensation carriers. As of November 30, 2023, NYSIF insures approximately 140,000 workers’ compensation insurance policyholders and provides disability benefits coverage for off-the-job injuries to approximately 57,400 New York employers, with more than $1.4 billion in annual earned premiums and over $20 billion in assets.
In addition to workers’ compensation insurance, NYSIF provides disability benefits coverage for off-the-job injuries to more than 56,000 New York employers. In 2018, NYSIF added paid family leave as a component of its disability benefits product, providing New Yorkers with job-protected, paid time away from work to care for their families.
NYSIF Commitment to Diversity, Equity, and Inclusion
The New York State Insurance Fund (NYSIF) prioritizes and champions diversity, equity, and inclusion (DEI) throughout our agency. NYSIF provides equal opportunities to all employees and applicants for employment without regard to race, religion, color, age, sex, national origin, sexual orientation, gender identity, disability, veteran status, or any other protected category under federal, state, and local law. We believe that embracing our differences brings richness, new ideas and experiences to NYSIF, which energizes a creative and innovative work environment. We strive to foster a workplace where diverse individuals are able to participate fully in the decision-making process and have ample opportunity for advancement. We are committed to investing the necessary resources and attention to improving the engagement, retention, and promotion of the extraordinary talent we have.
Job Type: Full-time
Pay: $180,000.00 - $200,000.00 per year
Schedule:
Work Location: In person
Full Time
$97k-120k (estimate)
01/29/2024
07/19/2024
nysif.com
New York, NY
1,000 - 3,000