Assistant Actuary

Assistant Actuary
SG-14 (Positions may be filled at the Trainee level) 

Location: One Commerce Plaza, Albany or One State Street, New York City 

Business Unit: Health, Life, and Property Bureaus Negotiating Unit: Professional, Scientific and Technical (PEF) Please note that a change in negotiating unit may affect your salary, insurance and other benefits. 

Salary: 
$52,198 - $66, 634 (Journey Level, SG-14) 
$49,363 - $63,136 (Trainee Level, equated to SG-13) 

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 or Contingent Permanent

DFS is seeking candidates for entry-level actuarial positions in various Bureaus within the Insurance Division. The Life and Health Bureaus are responsible for the supervision and regulation of the entire life and health insurance industries 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. 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. 

Appointment method: 55 b/c Appointment: Candidates must meet the eligibility requirements of the Governor's Program to Hire Individuals and Veterans with Disabilities as described in Civil Service Law § 55b/c. Information about this program can be found here: https://www.cs.ny.gov/rp55/ 

Minimum Qualifications: On or before the date of filing your application, you must have a bachelor's degree including 24 semester credit hours in mathematics, statistics, or actuarial science. Advancement Placement to the Assistant Actuary: You will be required to provide proof of your successful completion of one examination from the Society of Actuaries or the Casualty Actuarial Society to the appointing authority at the time of completion. Failure to provide proof to the appointing authority will delay the advancement. 

NY HELPS: This title is part of the New York Hiring for Emergency Limited Placement Statewide Program (NY HELPS). For the duration of the NY HELPS Program, this title maybe filled via a non-competitive appointment, which means no examination is required but all candidates must meet the minimum qualifications of the title for which they apply (see minimum qualifications above). At this time, agencies may recruit and hire employees by making temporary appointments. In If a temporary NY HELPS employee is satisfactorily performing in the position, the appointment will be changed from temporary pending Civil Service Commission Action to permanent non-competitive and the official probationary period will begin. At a future date (within one year of permanent appointment), it is expected employees hired under NY HELPS will have their non-competitive employment status converted to competitive status, without having to compete in an examination. Employees will then be afforded with all of the same rights and privileges of competitive class employees of New York State. While serving permanently in a NY HELPS title, employees may take part in any promotion examination for which they are qualified.

To Apply: Interested qualified candidates must submit a resume, letter of interest, and unofficial transcript* no later than September 30, 2024 to the email address listed below. Please include the Box # (Box AACT/TR24) in the subject line of your email to ensure receipt of your application. Email submissions are preferred. *Please note – Candidates applying for the Assistant Actuary must supply proof of their Society of Actuaries Or Casualty Actuarial Society examination results. 

Ioni Reyes Box AACT/TR24 
New York State Department of Financial Services 
Office of Human Resources Management 
One Commerce Plaza, Suite 301 
Albany, NY 12257 
Email: human-resources@dfs.ny.gov 
Fax: (518) 402-5071 

All candidates that apply may not be scheduled for an interview. 

Public Service Loan Forgiveness 
Employment with New York State qualifies an individual for Public Service Loan Forgiveness (PSLF). This program forgives the remaining balance on any Direct Student Loans after you have made 120 qualifying monthly payments while working fulltime for a U.S. federal, state, local, or tribal government or not-for-profit organization. To learn more about the program and whether you would qualify, please visit: https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service 

AMERICANS WITH DISABILITIES ACT: REASONABLE ACCOMMODATIONS
Under the Americans with Disabilities Act (ADA), the Department of Financial Services is required to provide reasonable accommodation for known physical or mental limitations of an otherwise qualified applicant with a disability if an accommodation would enable the applicant to perform the essential functions of the job. If the accommodation would constitute an undue hardship on the operations of the agency, the agency is not required to provide it. Pursuant to Executive Order 161, no State entity, as defined by the Executive Order, is permitted to ask, or mandate, in any form, that an applicant for employment provide his or her current compensation, or any prior compensation history, until such time as the applicant is extended a conditional offer of employment with compensation. If such information has been requested from you before such time, please contact the Office of Employee Relations at (518) 473-3130 or via email at response@oer.ny.gov.