Description

The Director of Actuarial Models will be responsible for creating, staffing and leading a new team within the NYSIF Actuarial Department. 

 Responsibilities may include but will not be limited to: 

• Development of solutions to strategic business challenges through advanced modeling, including machine learning and other AI-type of models.
• Coordinate, consolidate and oversee the review and enhancements of existing actuarial models, both statistical and AI in nature.
• Providing leadership in the management and development of a team, setting priorities, goals and development plans to meet business goals and objectives.
• Leading the day-to-day work of the Modeling team, ensuring that projects achieve appropriate end points, and that status and results are communicated to business partners in a clear, concise manner.
• Ensuring analytical models are properly implemented with the highest level of buy-in from internal customers.
• Expanding analytical tools, methods and increasing the use of new data sources, data science and AI techniques consistent with NYSIF and New York State AI policies.  
• Implementing best practices and repeatable processes that ensure consistent, quality delivery of modeling work from the team.
• Participate in the internal review of AI-type of models and their compliance with both New York State and NYSIF AI policies. 
• Perform all work in conformance with Actuarial Standards of Practice.

Requirements

Minimum Qualifications:

Education/Experience

• Associate or Fellow of Casualty Actuarial Society (ACAS, FCAS)
• Bachelor’s degree in actuarial science, mathematics, statistics or a related field
• Minimum of ten (10) years of actuarial experience; two (2) of which must be subsequent to obtaining the Associate or Fellowship designation and include responsibility for managing and/or directing all activities of an actuarial team

Technical/Functional Skills

• Advanced understanding of current technical and statistical methods, tools, and techniques
• Model-building, predictive analytics and AI experience
• Knowledge and understanding of current and emerging statistical and AI methods, trends and technologies
• Experience managing, manipulating and extracting key insights from raw data, both structured and unstructured 
• Familiarity with external data providers and sources
• Ability to guide business partners through complex situations through interpretation of model results
• Excellent communication, strategic and critical thinking skills
• Self-starter with a commitment to adhere to and implement best practices
• Team player with ability to build partnerships with staff and senior leadership 

 Preferred Qualifications:

• Strong managerial skills, team building, and organizational skills;
• Advanced degree in mathematical, statistical or AI-related fields;
• Membership in the American Academy of Actuaries (MAAA)

NYSIF has a telecommuting policy.

Please be advised that the New York State Insurance Fund does not offer sponsorship for employment visas to employees or potential employees. Candidates sponsored for employment by an organization should be aware of their sponsorship status and the relevant expiration date(s) of that sponsorship before applying to this position.

Primary Location: New York City

Travel: Minimal

Salary Notes: Salary range includes $4,000 location pay.

Schedule: Full-Time

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

Fringe Benefits: 

• Competitive Compensation.
• Future Career Growth Potential. 
• Open and Supportive Team-Based Environment.
• Plentiful Vacation, Personal, and Sick Leave Accruals. 
• Paid State and Federal Holidays.
• Full Medical, Vision, and Dental. 
• Retirement Options. 
• Public Student Loan Forgiveness (PSLF).
• Possibility of Telecommuting, Flextime, and Alternative Work Schedules.

Please note the following New York State Civil Service employment information:

• Jurisdictional classification: Exempt
• Bargaining unit: Management/Confidential
• Civil Service title: Chief Actuary

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.

Executive Order 31 commits New York State government to becoming a model employer for people with disabilities, increasing the participation of people with disabilities in state service and ensuring equal access to opportunities. NYSIF is proud to utilize best practices to recruit, hire, retain, and promote career advancement of individuals with disabilities. This includes special focus on current and prospective employees with the most significant disabilities, such as the use of supported employment, individual placement with support services, customized employment, the civil service sections 55/b and 55/c programs, internships, and job shadowing. If you are a person with a disability and wish to request that a reasonable accommodation be provided for you to participate in a job interview, please send an email to NYSIF’s Reasonable Accommodations mailbox at ra@nysif.com.