What are the responsibilities and job description for the Chief Casualty Actuary 2, M-6 position at New York State Department of Financial Services?
Description
Duties Description
The New York State Department of Financial Services seeks to build an equitable, transparent, and resilient financial system that benefits individuals and supports business. Through engagement, data-driven regulation and policy, and operational excellence, the Department and its employees are responsible for empowering consumers and protecting them from financial harm; ensuring the health of the entities we regulate; driving economic growth in New York through responsible innovation; and preserving the stability of the global financial system.
Duties
DFS is seeking candidates for the position of Chief Casualty Actuary 2 in the Market Actuarial Section of the Property Bureau. The Property Bureau is the largest business unit in the Insurance Division and oversees over 800 regulated entities with more than $1.5 trillion of assets. Under the general direction of the Chief Actuary Market, the candidate will be responsible for overseeing the Market Actuarial Section, which regulates and monitors the property/casualty insurance market to ensure the protection and fair and equitable treatment of all policyholders. Duties will include but not be limited to:
Minimum Qualifications
Minimum Qualifications: Open Competitive: Fellowship in the Casualty Actuarial Society and seven years of actuarial experience, two of which must be subsequent to obtaining the Fellowship designation and includes responsibility for managing and/or directing all activities of actuarial staff. Promotion: Fellowship in the Casualty Actuarial Society and one year of service as a Chief Casualty Actuary 3.
Non-Competitive Promotion (NCP): In accordance with Section 52.7 of the Civil Service Law, if the number of qualified candidates who apply for the position is three or less, a permanent appointment can be made, at agency discretion, by non-competitive promotion of an applicant who meets the minimum qualifications.
Provisional: There is currently no viable list, as such, this could be a provisional appointment. A provisional appointment is a non-permanent appointment pending examination and permanent appointment to a competitive class position. Candidate must meet the minimum qualifications and will be required to take, pass, and be reachable in the next holding of the examination, if/when given.
Transfer: Candidates must have one year of permanent competitive service in a title eligible for transfer via Section 52.6 of the Civil Service Law. Information regarding transfer eligibility may be available on the Civil Service Career Mobility Office website at http://careermobilityoffice.cs.ny.gov/cmo/.
Please Note that under Civil Service Law, an employee cannot have two consecutive upward 70.1 or 52.6 transfers without an intervening eligible list appointment if such transfers would exceed two salary grades.
Additional Comments
Please note that a change in negotiating unit may affect your salary, insurance and other benefits.
Salary: $152,191 - $191,427
Positions located within the New York City metropolitan area, as well as Suffolk, Nassau, Rockland, and Westchester Counties, are also eligible to receive an additional $3,400 annual downstate adjustment.
Appointment Status: Permanent
Duties Description
The New York State Department of Financial Services seeks to build an equitable, transparent, and resilient financial system that benefits individuals and supports business. Through engagement, data-driven regulation and policy, and operational excellence, the Department and its employees are responsible for empowering consumers and protecting them from financial harm; ensuring the health of the entities we regulate; driving economic growth in New York through responsible innovation; and preserving the stability of the global financial system.
Duties
DFS is seeking candidates for the position of Chief Casualty Actuary 2 in the Market Actuarial Section of the Property Bureau. The Property Bureau is the largest business unit in the Insurance Division and oversees over 800 regulated entities with more than $1.5 trillion of assets. Under the general direction of the Chief Actuary Market, the candidate will be responsible for overseeing the Market Actuarial Section, which regulates and monitors the property/casualty insurance market to ensure the protection and fair and equitable treatment of all policyholders. Duties will include but not be limited to:
- Manages the review and analysis of all types of property and casualty rate filings including, but not limited to:
- automobile, medical malpractice, Workers Compensation, homeowners, title, mortgage guaranty and commercial liability and property; reviews and analyzes innovative and complex filings;
- Prepares recommendations regarding policy forms and rate filings;
- In accordance with the needs of the Business Unit, reviews various ratemaking related documents including, but not limited to rate adjustment requests;
- Designs and maintains rate adjustment application templates and related applicant instructions;
- Assigns projects to staff and manages progress;
- Manages actuarial staff; establishes goals and priorities; monitors performance; completes performance evaluations; and ensures that assigned staff meet their objectives;
- Provides actuarial expertise to Department staff as needed;
- Provides input in developing new regulations/legislation requiring actuarial expertise;
- Drafts memoranda or reports, for internal and/or public purposes, ensuring proper support and documentation for any findings and recommendations;
- Maintains ongoing communication with Chief Casualty Actuary and other Department staff regarding significant issues and findings during rate analyses; and
- Assists/performs/supervises research ratemaking topics and analyzes insurance data.
Minimum Qualifications
Minimum Qualifications: Open Competitive: Fellowship in the Casualty Actuarial Society and seven years of actuarial experience, two of which must be subsequent to obtaining the Fellowship designation and includes responsibility for managing and/or directing all activities of actuarial staff. Promotion: Fellowship in the Casualty Actuarial Society and one year of service as a Chief Casualty Actuary 3.
Non-Competitive Promotion (NCP): In accordance with Section 52.7 of the Civil Service Law, if the number of qualified candidates who apply for the position is three or less, a permanent appointment can be made, at agency discretion, by non-competitive promotion of an applicant who meets the minimum qualifications.
Provisional: There is currently no viable list, as such, this could be a provisional appointment. A provisional appointment is a non-permanent appointment pending examination and permanent appointment to a competitive class position. Candidate must meet the minimum qualifications and will be required to take, pass, and be reachable in the next holding of the examination, if/when given.
Transfer: Candidates must have one year of permanent competitive service in a title eligible for transfer via Section 52.6 of the Civil Service Law. Information regarding transfer eligibility may be available on the Civil Service Career Mobility Office website at http://careermobilityoffice.cs.ny.gov/cmo/.
Please Note that under Civil Service Law, an employee cannot have two consecutive upward 70.1 or 52.6 transfers without an intervening eligible list appointment if such transfers would exceed two salary grades.
Additional Comments
Please note that a change in negotiating unit may affect your salary, insurance and other benefits.
Salary: $152,191 - $191,427
Positions located within the New York City metropolitan area, as well as Suffolk, Nassau, Rockland, and Westchester Counties, are also eligible to receive an additional $3,400 annual downstate adjustment.
Appointment Status: Permanent
Salary : $152,191 - $191,427
