Assistant Actuary

Assistant Actuary
NYSIF (Actuary – New York City)
Salary: $49,202 - $62,806

Description:

The Actuarial Department of the New York State Insurance Fund (NYSIF) is seeking an
Assistant Actuary to assist with various actuarial projects related to Workers' Compensation
and/or Disability Insurance.

Responsibilities may include, but are not limited to:
• Performing actuarial calculations related to pricing, safety groups or loss and expense
reserves;
• Conducting research studies on various topics;
• Learning and utilizing analytical tools and query languages such as Spotfire, ResQ, and
SQL;
• Automating various processes using VBA, Access and other software tools to achieve
greater efficiencies;
• Analyzing and identifying loss drivers and trends;
• Assembling data from IT and other internal and external sources;
• Other projects as assigned on an ad hoc basis.

Basic Qualifications:

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 or Casualty Actuarial Society.

Primary Location: New York City
Travel: Minimal
Telecommuting: NYSIF has a Telecommuting Program

To Apply: Please email resume and cover letter to hr@nysif.com. 

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 top 10 largest workers’ compensation carriers in the nation, insuring approximately 139,000 policyholders, with more than $1.8 billion in annual earned premium and over $22 billion in assets. A self-supporting insurance carrier, NYSIF operates without taxpayer funding.

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.